Receipts & Payment Entry

Users can manage all loan-related transactions in PrismERP through the Receipts and Payment Entry section. This includes recording when a loan is received, making loan repayments, and paying any processing fees.

For each transaction, users can create a voucher to post the payment in the system. The vouchers automatically populate relevant loan and account details, making it easy to record payments without missing any information. Once saved, the voucher updates the loan balance and ensures all financial records remain accurate.

Add Business Loan Receive Voucher

Field	Action
Loan	Select the loan for which the receipt is being recorded.
Date	Enter the date of the voucher or receipt.
Amount	Enter the amount received against the loan.
Payment Method	Select the payment mode (e.g., Cash, Bank Transfer).
Ref Voucher	Enter any reference voucher number, if applicable.
Project	Select the related project, if any.
Party Type	Select the type of party (Customer, Supplier, etc.).
Customer	Select the customer or party from whom the loan is received.
Address	Enter the party’s address for record purposes.
Branch	Select the branch applicable to the transaction.
Description	Enter any notes or details about the loan receipt.
Debit Account	Select the ledger account to debit (Cash/Bank).
Credit Account	Select the loan receivable account to credit.
Center (Debit)	Select the cost/department center, if applicable.
Center (Credit)	Select the cost/department center, if applicable.

Add Business Loan Payment Voucher

Field	Action
Date	Enter the date of the payment voucher.
Ref Voucher	Enter any reference voucher number, if applicable.
Party Type	Select the type of party (Vendor, Customer, etc.).
Loan	Select the loan associated with this payment.
Payment Category	Select the category of payment.
Branch	Select the branch responsible for this payment.
Payment Method	Select the mode of payment (e.g., Cash, Bank Transfer).
Project	Select the project associated with the payment, if applicable.
Description	Enter any notes or details about the payment.
Credit Account	Select the ledger account to credit.
Center (Credit)	Select the cost/department center, if applicable.

Processing Fee Payment Voucher

Field	Action
Date	Enter the date of the payment voucher.
Amount	Enter the amount to be paid.
Payment Method	Select the mode of payment (e.g., Cash, Bank Transfer).
Ref Voucher	Enter any reference voucher number, if applicable.
Party Type	Select the type of party (Vendor, Customer, etc.).
Vendor	Select the vendor or party to whom the payment is made.
Address	Enter the vendor’s address for record purposes.
Branch	Select the branch responsible for this payment.
Description	Enter any notes or details about the payment.
Debit Account	Select the ledger account to debit (e.g., Accounts Payable).
Credit Account	Select the ledger account to credit (e.g., Cash, Bank).
Center (Debit)	Select the cost/department center, if applicable.
Center (Credit)	Select the cost/department center, if applicable.