Customer Receipts & Invoice Allocation
Receive payments from customers and allocate them against outstanding invoices. Partial payments, advance receipts, and settlement discounts are all supported.
- Allocate receipts against specific invoices
- Partial payment tracking
- Advance receipts with future allocation
- Settlement discount on early payment
Supplier Payments with WHT
Pay suppliers with automatic withholding tax deduction. Allocate payments to specific bills, handle advance payments, and track refunds.
- WHT auto-deduction on payment
- Payment allocation against bills
- Supplier advance payments
- Refund processing and tracking
Multi-Currency Settlements
Settle invoices and bills in foreign currencies. OikikBooks automatically calculates realized FX gain or loss on every settlement.
- Pay/receive in any of 180 currencies
- Realized FX gain/loss on settlement
- Exchange rate at transaction date
- Contra entries for bank-to-bank transfers
All 12 Accounting Modules
Each module integrates seamlessly with your general ledger.