Overview/Introduction to Single Entry in Marg ERP Software

Process of Single Entry in Marg ERP Software

OVERVIEW/INTRODUCTION TO SINGLE ENTRY IN MARG ERP SOFTWARE

• With the help of Marg ERP software, users can easily create a single entry.

• It is a method of book keeping that recognizes only one side of a business transaction and usually consists only of a record of cash and personal accounts with debtors and creditors.

• In this system, Personal accounts like sundry debtors and sundry creditor's accounts are maintained, but real and nominal accounts are not opened under this system.

• Single entry system followed for expenses paid, purchases of goods, purchases of fixed assets, etc.

PROCESS OF SINGLE ENTRY IN MARG ERP SOFTWARE

In order to pass a single entry, the user needs to follow the below steps:

• Go to Accounts > Single Entry > Cash & Bank.

• A 'Ledgers' window will appear in which user will select ledger as per the requirement.

• Suppose select 'ICICI'

Note: In case user have selected bank ledger, then we can also pass the entry for cash in it. However, if select Cash's ledger then can only record the cash transactions.

• A 'Single Entry System' window will appear. 

• In 'Area', the user will select 'All/ selected' as per the requirement.

• Suppose select 'All'.Press 'Enter' key

• Now select the party for which the single entry transaction needs to be created.

• The user can select Debtor to pass receipt entry or select Creditor to pass payment entry.
• Suppose select 'Aakash' which is Sundry Debtor.

• Then enter date and enter receipt amount as per the requirement. Press 'Enter' key.

• Now, in 'Short' the user will enter a short amount (If any) and press 'Enter' key.

Note: This filed of Short & Excess is used to record the discrepancy between a company's reported figures (from its sales records or receipts).

• A 'Bill Adjustment' window will appear, in which the user needs to select those bills against which the single entry is being created.

• After that user will Enter the cheque no. in 'Chq/DD No.' field. 

• Now Press 'End' key to save the details.

• A 'Save Changes' window will appear.

• Then click on 'Yes' to save the details.