The outstanding for vendor invoice is $1000, vendor having
three banks (HDFC, ICICI and AXIS bank). Vendor given an
instruction that out of invoice amount $ 1000,
$500 pay to HDFC bank,
$300 pay to ICICI bank
and $ 200 pay to AXIX bank.
How to clear the vendor invoice through app.
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Answer Posted / meliawati
as per my understanding, 1 bank equal to 1 GL account.
hence, its possible to gather all of the journal above.
GL account bank will record all transactions related to
specific bank, by doing reconcilition bank every end of
month, we can start the same balance with real bank account.
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