SB - SBCO Related General Ledger Code / Account Head
GL starts with 1 is for revenue.
GL starts with 3 is for expenditure
GL starts with 8 is for Receipts
GL starts with 4 is for Payments
🫧 All receipts from customers has to repaid by us to customers in the form of Payments.
🫧 Revenue is our income. Ex. MO Commission, ePayment Commission.
🫧 Expenditure is all the Bills paid by us.
🫧 Savings Bank transactions Document number will always start with 6.
🫧 Insurance transactions Document number will always start with 7.
🫧 While doing Expenditure transactions Cost Centre is must.
🫧 While doing Revenue transactions Profit Centre is must.
🫧 So please understand and do the transaction accordingly.
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