How to convert Memorandum vouchers to regular vouchers.
Office boy Sohan came back in Office; the total bill amount is ₹15000
Select the memorandum voucher in which you entered suspense amount.
Press enter, memorandum voucher will open. Normally when we paid on cash, we enter it in payment voucher. Click on Payment (F5) button provided at memorandum alteration screen.
The voucher will converted as payment voucher with same entry. Just Like this in Following Screenshot
Press ‘Ctrl+A’ for Save
8. Reversing Journal Voucher: – Reversing journal is defined as those vouchers reversing automatically after a specified date. Reversing journal is created on a date and the affect of the voucher will remains till that date. These are vouchers that will not directly affect ledgers or financial report of the company; you can view the affect of these entries only if you included the entry in the report
Ex: 1. Salary Payable in February to Satish ₹ 40000 on 31st January 2020
Salary – Expense – Dr
Salary Payable – Liabilities – Cr
2. Rent Payable in February ₹ 50000 on 31st January 2020
Rent – Expense – Dr
Rent Payable – Liabilities – Cr