Transactions (Banking & Cash)

The Transactions module is the heartbeat of your cash flow. While Orders and Bills represent promises to pay, the Transactions module records the actual movement of money in and out of your accounts.

This section allows you to manage settlements with vendors, collect funds from customers, and keep your bank balances synchronized with your real-world accounts.

Core Modules

Record money flowing out to vendors. Manage full or partial settlements for your bills.Payments Made Track money flowing in from customers. Map incoming funds to specific open invoices.Payments Received

The Flow of Money

In Sevenledger, a “Transaction” is the final step in the accounting lifecycle.

1. Money Out (Vendor Payments)

When you pay a Bill, you create a Payment Made record.

Link Multiple Bills: You can write one cheque to cover three different bills from the same vendor.
Partial Payments: You can pay 50% of a bill now and 50% later; the system tracks the remaining balance automatically.

2. Money In (Customer Receipts)

When a customer pays an Invoice, you create a Payment Received record.

Deposit Accounts: You explicitly choose where the money lands (e.g., “Main Bank Account” vs. “Petty Cash”).
Overpayments: If a customer pays more than the invoice amount, the excess is stored as a “Credit” on their account for future use.

Why is this separate from Bills/Invoices?

Separating the Transaction from the Bill allows for real-world flexibility:

You might receive one lump-sum payment that covers 5 different invoices.
You might pay a single large bill in 10 small installments.

The Transaction module handles this complexity, ensuring your Bank Ledger matches your actual bank statement, regardless of how messy the payments get.