How to add New Expense Bill and New Bill in Aratum Ledger?
New Expense Bill: A new expense bill usually refers to the recording of expenses that have already been incurred but not necessarily invoiced in the traditional sense. These could include operational costs, like office supplies, travel expenses, or any out-of-pocket expenses that are necessary for the daily functioning of the business. Recording a new expense bill in the ledger is important for tracking these immediate expenditures and managing the cash flow effectively. It helps in categorizing and reimbursing these costs in a timely manner, ensuring accurate financial statements.
New Bill: A new bill typically refers to an invoice received or created for goods or services that have been delivered or are to be delivered. It represents a commitment to pay for these goods or services within a specified period. In the ledger, recording a new bill is crucial for managing accounts payable, as it helps in tracking what the business owes to its suppliers or service providers. This category might include invoices for inventory purchases, utility services, rent, or any contractual services.
Users can add new Expense Bill & Bill records into the system based on the few options below.
A.) To add new Expense Bill & Bill record manually.
New Expense Bill Adding through Manual Flow
B.) Through import template.
New Bill Adding through Import Flow
New Bill Adding through Import Flow
New Expense Bill Adding through Import Flow
New Expense Bill Adding through Import Flow
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Bill Payment Status Update Flow
The system will mark ‘Payment Status’ as ‘Paid’ when ‘Due Amount’ is having zero figure. Otherwise, the system will mark ‘Payment Status’ as ‘Partial’.
Bill Payment Status Update
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