In the ledger module, you can add your Bank OD A/C ledger to Munim.
After doing this, you will be able to manage your overdraft account. It is a type of account in which you can withdraw the amount even if there is no fund in your account. The bank sanctions a specific limit and your account can go in negative up to that limit. You have to pay interest only on the amount taken as a loan.
Create Bank OD A/C Ledger:
- Go to the Account module in the left sidebar.
- Click on the Create account button or press the Alt+N key.
- Select Bank OD A/C ledger on the Under group ledger drop-down list.
Field Information for Bank OD A/C ledger:
|Under group||Here select the Bank OD A/C.|
|Account Name||Here write your account name.||Mandatory field|
|Short name||Here write your account short name.|
|Here write your account email id.|
|Mobile no||Here write your account mobile no.|
|Tax registration details||Here write your PAN/IT no.|
|Set OD limit||Here set the overdraft limit.|
|Opening Balance||Here put your ledger opening balance.|
|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.|
|Alt+S||Save-This shortcut is used to save the ledger details.|
|Alt+C||Cancel- This shortcut is used to cancel the ledger details.|
|Alt+D||Discard- This shortcut is used to discard the ledger details.|