How to Use Bank Allocation in Suvit Banking Module

How to enable Bank Allocation

How to Enable Bank Allocation

• Step 1 - Open the Transaction Screen:

• Step 2 - Go to Settings → Configurations:

• Step 3 - Enable Banking Allocation:

How to use Bank Allocation

Click on Banking Allocation Button as per below image

You can make necessary changes and click on Submit

Transaction Type Fields:

(a) Transaction Type: By default "Cheque" is selected. you can choose option like eFund Transfer or Other.

(b) Amount: Transaction amount.

(c) Cross Using: Account payee name.

(d) Inst Date : Instrument Date.

(e) Favouring Name: This is where the name of the payee or beneficiary is entered..

(f) Remarks: A field for adding notes or comments about the transaction..

(g) Email: A field for entering an email address.

By default the Transaction Type would go to Cheque
All fields are not compulsory to fill.

Other Method to use

• Amount can split into two or more parts : There are two ways to split the amount.

Method 1

• Split same amount into two or more part
• For example : Payment of Total Amount 50000= 42372.88 Taxable amount + 7627.12 GST

1. Change amount

2. Click on add

• Difference amount will be auto fill

Note: You can change other settings also 

3. Click on Submit

Method 2

• Split same amount by adding deducted charges amount
• For example : amount received after TDS
• Payment of Total Amount 50000 + 250 TDS

1. Change amount

2. Click on add

• Difference amount will be auto fill

Note: You can change other settings also 

3. Click on Submit