General Payment

Overview

This module is for miscellaneous payments.

This excludes VAT, Salaries and Supplier Payments, Purchases for Office Equipment (This should be a Supplier invoice, we can debit the Office Equipment/furniture Account on the Supplier Invoice)

Uses

This module is used for and includes the following: 

• Bank Charges.

• Bank Loans.

• Shareholders loans.

• General Expenses.

• Insurance.

• Travel and accommodation. 

• Fuel and Toll Fees.

• Interest.

• Sars (Penalty & Interest)

Accounting

• Debits chosen account.

• Credits Bank.