Introduction to Journal Voucher (JV) Module

The Journal Voucher (JV) module is designed to manage inter-account transactions. It allows users to transfer amounts from one account head to another while maintaining proper records. This feature is essential for correcting mistakes in account allocations, recording pending payments, and managing liabilities.

Purpose:

• Account Adjustments: Transfer collected amounts between account heads, e.g., from  'Monthly Fee' to  'Admission Fee' , if they were recorded under the same account by mistake.
• Vendor Management: Record liabilities and unpaid purchases, e.g., managing pending payments to vendors like a bookstore for purchased items.
• Expense Allocation: Ensure accurate tracking of expenses and liabilities by creating appropriate account heads.