Basic Functions in Bills

Table of Contents

Let us look at some of the basic functions that can be performed on Bills in Erpisto.

To create a new bill in Erpisto:

Go to Purchases > Bills (or press shift + b).
Click the + New button in the top right corner of the page (or press c + b).
Fill in the required details.

Fields	Description
Vendor Name	Select the vendor whose bill you’re recording.
Bill#	Enter the unique bill number.
Order Number	Enter an order number for your bill.
Bill Date	Enter the date on which you create the bill.
Due Date	Enter the due date for bill payment.
Payment Terms	Choose the time limit in which you must pay your vendor. For example, Net 15 means that you must pay the vendor within 15 days after the bill’s creation date. The due date will be altered based on the payment term you choose.

After you have recorded a bill, a corresponding journal will be created.

To view the journal:

Go to Purchases > Bills.
Select the desired bill.
Scroll down and click Display Journal (or) click More > View Journal on the overview page.

You can manually record payment for a bill. Here’s how:

Fields	Description
Payments Made	Enter the amount to pay the vendor. By default, the total amount is auto-populated. You can also choose to pay a part of the payment.
Tax Deducted	Mark this box if any tax is deducted while making payment to the vendor. Enter the Amount Withheld and the Tax Account, which tracks this tax.
Payment Date	Enter the date you make the bill payment.
Payment Mode	Choose from the different payment modes or configure one of your own.
Paid Through	Choose the account which tracks this payment.

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