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In the account module, you can add your Vendor (Sundry creditors) to Munim.
After doing this you are able to manage all transactions regarding this account.
Create Vendor(Sundry Creditors) account:
- Go to the Account Masters and then the Account module in the left sidebar.
- Click on the Create Account button or press Alt+N key.
- Select “Sundry Creditors” from the Under group account drop-down list.
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Field Information for Vendor(Sundry Creditors) account:
| Field | Description | Note |
|---|---|---|
| Under group | Here, select the Sundry Creditors ledger. | |
| GSTIN/UIN | Here, enter the GSTIN / UIN number of your vendor. If you enter a valid GSTIN number, the data from the field of Registration type, Ledger name, Pan / IT number, and Mailing details (Name, Address, Country, Pincode, State, City) will be automated. | If the Registration type is Regular & Composition then this field is compulsory. |
| Registration type | Select your vendor’s GST registration type here. | If you have entered the GST number then the data will come automatically in this field. |
| Party type | Here, select your vendor party type. | |
| Default credit period(days) | Here, write your vendor credit period. | |
| Ledger name | Here, write your vendor ledger name. | If you have entered the GST number then the data will come automatically in this field. |
| Short name | Here, write your vendor short name. | |
| Here, write your vendor email address. | ||
| Mobile no | Here, write your vendor mobile number. | |
| PAN/IT no | Here, write your vendor pan number. | If you have entered the GST number then the data will come automatically in this field. |
| Opening Balance | Here write the opening balance for this vendor. | |
| Is Active? | Here, if you select “Yes“, then this account is shown in all modules, and if you select “No“, then this account is not shown in all modules. |
Set/alter Statutory information: If you select Yes, then you are able to manage TDS and TCS transactions.
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| Field | Description |
|---|---|
| Is TDS deductible? | If you select Yes, then you are able to manage TDS transactions for this ledger. |
| If you select No, then you are not able to manage TDS transactions for this ledger. | |
| Deductee type | Here, select the Deductee type for this ledger. |
| Deduct TDS in same voucher? | If you select Yes, then the TDS value is paid with the same voucher. |
| Existing Turnover | Here you can add the existing turnover with this Vendor. |
| Is TCS applicable? | If you select Yes, then you are able to manage TCS transactions for this ledger. |
| Buyer/Lessee type | Here, select the Buyer/Lessee type for this ledger. |
Provide bank details & Set Credit Limit:
- If the “Provide Bank Details?” option is selected as “Yes“, you will be able to input your Vendor’s bank details.
- If the “Enable Credit Limit?” option is selected as “Yes“, you will be able to set limits based on the number of due invoices or outstanding amounts for the Vendor.
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| Field | Description | Note |
|---|---|---|
| Account-holders name | Here, write your ledger account holder’s name | Mandatory field |
| A/C no. | Here, write your Vendor Bank A/C no. | Mandatory field |
| IFSC code | Here, write your Vendor’s Bank IFSC code. | Mandatory field |
| Bank name | Here, select your Vendor Bank name. | Mandatory field |
| Field | Description | Note |
|---|---|---|
| Limit set based on No. of Due invoice | Users can set a limit based on the number of outstanding invoices. e.g., setting the value to 1 (one) indicates only one outstanding invoice allowed. | |
| Limit set based on outstanding amount | Users can set a limit based on the outstanding amount; e.g., setting the value to 1 (one) indicates that this amount of outstanding is allowed. | |
| Allow with warning | If the user desires to issue a warning notification while still permitting invoice creation, this option should be selected. | |
| Restrict with warning | If the user intends to issue a warning notification and prevent invoice creation, this option should be selected. |
