How to update payment received from customers or other parties in the Borg Desk ERP Bank Transations?
How to Add Payment or Receipt in Borg Banking
In Borg Desk ERP, all payments and receipts are managed exclusively through the Banking module, ensuring accuracy and proper synchronization with accounts.
To record a transaction, login to the ERP, navigate to the Accounts module, and select Bank Transaction. Fill the entire details & navigate the following steps described below in details step by step. All recorded transactions are automatically updated in the accounting records, providing real-time insights into your company’s financial position while maintaining accuracy, transparency, and control.
Note: Payment or Receipt can only be updated through Borg Banking.
Steps to Add a Payment / Receipt Transaction
Step 1 ➖ Login to Borg Suite ERP.
Step 2 ➖ From the Admin/User Dashboard, go to the Accounts Book module from Module Icon on right top.
Step 3 ➖ Click on Bank Transactions from the Side Menu (Expand Side Navigation bar.
Step 4 ➖ Click on the Plus(+) Sign on the top right to Add Bank Transaction.
Step 5 ➖ In the form, select the Bank Transaction Type (Payment / Receipt / Others).
Step 6 ➖ Fill in all the required details.
Step 7 ➖ Scroll down and click on “Add Transaction” at the bottom of the form.
Step 8 ➖ A confirmation message will appear, and the transaction will be successfully submitted.
Add Transaction Form Fields- The Add Bank Transaction Form contains the following fields:
✅Transaction Type – Select Payment or Receipt or Contra-Deposit, Contra-Withdraw & Capital Account.
✅Transaction Sub-Type - This is sub-selection based on Selected Transaction Type
✅Transaction Date – Select the date of payment/receipt.
✅Amount – Enter the transaction amount.
✅Account Type - Select Bank or Cash In Hand
✅Account Name - This shows selection based on selected Account Type
✅Reference No. – Enter Cheque No. / UTR No. / Ref ID.
✅Account For - This is a kind of Short keyword Remarks for which payment is being updated like Sales or Service or Name of Service etc.
✅Bank Account – Choose the bank account from the dropdown.
✅Mode of Payment – Cash / Cheque / Online Transfer / UPI.
✅Party Name – Select the Vendor / Customer / Other Party.
✅Proforma Invoice (PI) No – Select PI No against this Payment is being updated
✅PI Amount – Once PI is selected, PI amount automatically will be fetched from system
✅Tax Invoice – Once PI is selected, tax Invoice automatically will be fetched from system
✅Tax Invoice Amount –This will be fetched automatically once Tax Invoice is fetched
✅ Once submitted, the transaction will reflect in Banking Records under the selected account, and reports will get updated automatically in the Accounting & Finance module.
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