iXERP support cash transaction by allowing users to create an unlimited number of cash and bank accounts with different types and currencies.
Users can choose a default bank account per currency, so it will be stamped on the issued customer’s invoices and will be selected automatically when doing payment or deposit to related suppliers or customers, so it is very important to fill out the account correct data, like Bank Name and Bank Account no.
All accounts are used to reconcile customer payments and payments to suppliers even if the account is in a different currency, iXERP will calculate the currency exchange rate to manipulate the entered values.
Banking and General Ledger > Basic Data > Bank Accounts
Bank and Cash Accounts must be associated with General Ledger Account, iXERP allows Bank Accounts and Cash Accounts to be associated with only one General Ledger Account for every Bank or Cash Account, Also it is important to remember to select bank charges account from your chart of accounts to correctly record the bank transactions charges.
You can adjust all of your cookie settings by navigating the tabs on the left hand side.