How to Create Bank Draft for Recurring Bills
How to Record a Bank Draft for a Vendor Bill in 10X ERP
This video explains how to properly record a vendor bill and its corresponding bank draft payment in 10X ERP. The process ensures that both the expense and the withdrawal from your bank account are accurately captured in the system. It also covers how to attach a digital copy of the bill for reference. This is useful for recurring payments like utilities or internet services.
- Go To
Accounting > Accounts Payable > Billsto Create a New Bill - Enter Vendor Name, Invoice Date, and Bill Amount
- Ensure Expense GL Defaults from Vendor Record or Adjust as Needed
- Publish the Bill to Record the Expense and Create an Open Payable
- Return to Bills, Select the Bill, and Apply Payment When Draft Occurs
- Choose Payment Method as Bank Draft, Set Payment Date, and Select Bank Account
- Optionally Attach PDF Copy of Bill by Drag-and-Drop into the Bill Record
- Review Payments to Confirm Bank Draft Shows with Correct Date and Account