General Receipt Voucher
Posted On
2025-01-10
Overview
A General Receipt Voucher is recorded when the business receives money that is not linked to any specific customer, unit, or sale.
It is commonly used for miscellaneous receipts such as security deposits, adjustments, reimbursements, or any non-transactional income.
Scenario
The business receives an amount from a party for reimbursement of utilities.
Since this payment is not tied to a customer ledger or unit, a General Receipt Voucher is used.
Examples
- Example 1: Reimbursement received from an employee.
- Example 2: Security deposit received from a vendor.
- Example 3: Adjustment entry for miscellaneous income.
Accounts Impact
The following accounts are affected:
| Account | Debit | Credit |
|---|---|---|
| Cash / Bank Account | ✔ | |
| Miscellaneous Income / Adjustment Account | ✔ |
Steps
1. Open General Receipt Voucher
Go to Vouchers → Receipt → General Receipt.
- Select payment source
- Enter amount received
Ensure correct account selection based on the type of income or adjustment.
2. Enter Payment Details
Choose Cash or Bank, enter narration, attach proof if available.
3. Save Voucher
The receipt will now reflect in the Cash/Bank ledger and linked income account.