Income & Expense Entry
Post income and expense vouchers to maintain the school's books of accounts.
Voucher types
| Voucher | Use |
|---|---|
| Receipt Voucher | Any money received (automatically created for fee receipts) |
| Payment Voucher | Any money paid out — suppliers, utilities, repairs |
| Journal Voucher | Non-cash adjustments — depreciation, accruals |
| Contra Voucher | Bank to cash or cash to bank transfers |
Posting a payment voucher
Go to Accounts → Vouchers → New Payment. Select the bank or cash account being debited, enter the expense account being credited, narration, amount, and date. Every voucher posts a balanced double-entry — the system enforces this automatically.
Financial reports
- Income vs Expenditure Statement — surplus or deficit for the year
- Balance Sheet — assets and liabilities as at any date
- Trial Balance — all account balances at a point in time
- Ledger — all entries for a specific account
- Day Book — chronological list of all vouchers