Introduction
Businesses need to maintain accurate records of payments made against bills, along with the relevant supplier, bill, payment, and transaction details. The Bill Payment feature in Acculyt AI allows organizations to record and manage bill-related payments in a structured and organized manner.
Overview
The Bill Payment feature in Acculyt AI allows organizations to record payments made against bills by maintaining supplier, bill, payment, and account information. This helps businesses track bill settlements, monitor outstanding payable amounts, and maintain organized payment records.
How It Works
The Bill Payment process allows users to identify the relevant supplier and bill and record the amount paid against the outstanding bill. Users can enter the applicable payment details and allocate the paid amount to the selected bill.
Once the payment is recorded, the payment is reflected against the relevant bill, helping users track the remaining outstanding balance and maintain up-to-date supplier payable records.
Managing Bill Payments In Acculyt AI
Acculyt AI makes it easy to record bill payments and keep supplier transactions organized. To create a new bill payment, select the Currency, enter the Date, and choose the relevant Bank / Cash Name. Review the available Bank Balance, then enter the Voucher Amount and verify the Balance Amount.
Next, select the Supplier Name and enter the Paid By details. s. Enter the applicable WHT (Withholding Tax) and SWT (Sindh Withholding Tax) information, if required, and verify the tax amounts before saving.Add any necessary Instructions and attach supporting documents if required. Acculyt AI supports PDF, image, Word, and Excel files up to 5 MB per file.
Before saving, review the supplier, payment amount, and account details to ensure everything is accurate, then save the bill payment.