Supplier Outstanding

Supplier Outstanding

Supplier Outstanding


 

Outstanding invoices are those that are yet to pay.


 

Purpose:

 

This is used to view the outstanding details on what the retailer has to pay to their supplier on their credit purchase and get from their customer for the credit sales they have done.

 


Benefits:

 

  • Provides at-a-glance visibility.

  • Improves decision making.

  • Easy performance checks and balances.

  • Up-to-date progress evaluation.

 

 

Steps to check the Supplier Wise Outstanding:


Step 1: Go to Accounts and click GoFrugal AccountsEasy option.


 


Step 2: GoFrugal AccountsEasy Screen will appear. In that screen, now click Reports > Outstanding > Outstanding Report > Supplier Outstanding - Detailed

 

 

Step 3: A new screen will appear, here need to mention the Number of Days & click Go(F2).

 

 

Step 4: Report Filter Screen will appear where need select the listed LOV and click Apply (F2).

 

A. Company List - Select the required company list to be filtered for outstanding report.

 

 

B. Division List - Select the required division list to be filtered for outstanding report.

 


C. Supplier List - Select the required supplier list to be filtered for outstanding report.


 

 

 

D. Financial Year - Choose the necessary financial year.

 

 

E. Collection Day - Choose the necessary collection day to filter out reports that are still pending.

 

 

Step 5: Supplier Wise Outstanding Report Screen will appear.

 

 


There's also an alternate option to check for Supplier Outstanding, follow the below mentioned steps to configure it:

 

 

Step 1: In AccountsEasy screen, Go to Settings > Configuration > Show Ledger Balance column in Ledger LOV (Enable) > Save

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 2: Go to Masters > Payment, Payment Screen will appear and select the Supplier from the Ledger List. Here also we can check the Supplier Outstanding

 

 

FAQ's:

 

1. How to create a GST registered supplier?

- Go to Purchase > Master > Distributor - Fill in the details > Save

 

2. What are the available supplier types?

- There are 3 types of Supplier:

  A. Regular - High Tax (5%, 12%, 18%, 28%), supply can be both Inter & Intra state

  B. Composite - Low Tax (1%, 2%, 5%, 6%), supply can be only Intra state

  C. Unregistered - Doesn't have GSTIN

 

Note: For Unregistered Type

  1. GST % will be calculated on Purchase transactions (from registered dealers)

  2. GST % will not be calculated on Sales transactions

  3. One time registration & cannot be changed till the financial year-end

  4. GST filing features will not be available for this registration type


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