Misc Receive

Intro – Misc Receive

Misc Receive is used to record miscellaneous income or payments that don’t fit into standard categories like invoice payments or sales receipts. Examples include sales of scrap materials.

Create a Misc Receive

• Go to Sales on the left sidebar, and select Misc Receives
• Click Add New button in the top right corner.
• On the new receive page, fill in the following fields
  • Doc No is an auto generated number.
  • Date: default is today.
  • Payer: Enter payer’s name. It is a required field.
  • Amount: Enter positive amount.
  • Excluded Tax: This is a read-only field. You can enter tax code and rate in Tax tab.
  • Total: It equals Amount + Excluded Tax. This is a read-only field.
  • Description: Maximum characters: 1000.
  • Payment Method: Select customer’s payment method.
  • Total: It equals Amount + Excluded Tax. This is a read-only field.

• • Account tab
    • Undeposited Funds: Cash or check payments can be temporarily held in a separate account before being deposited into the bank at the end of the day or week.
    • Deposit To Account: Select bank account or Undeposited account.
    • Income Account: Select a miscellaneous income account or any account of your choice.

• • Payment tab
    • Payment Method: Cash, Check, EFT, or other options. You can set up additional methods in Account → Payment Methods.
    • Reference No: optional
    • Check Date: optional

• • Tax tab
    • Tax Option: Tax Exclusive, Tax Inclusive or No Tax.
    • Tax Code: Select a tax code from the predefined codes. These must be set up under Tax → Tax Code.
    • Tax Rate: Auto-filled when tax code is selected.  Tax rate field is editable, and system use it to calculate the excluded tax.
    • Excluded Tax: This is a calculated field and cannot be edited.

• Click Save