1. Miracle Accounting Software
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2. Learn how to use Bill to Bill option in Miracle
Miracle Accounting Software
The Way to Success …
Bill to Bill Option
Learn how to use Bill to Bill option in Miracle

3. Bill to Bill Setup in Miracle
Bill to Bill Voucher Setup
Bill to Bill Adjustment Type
For Opening Balance
Against Reference
Advance Payment
On Account
Purchase adjustment against Sales or Vice-versa
Report
Outstanding Bills Receivalbe (Pending /Due/All – Adjustment wise)
Multi Ledger Printing

4. In Bill to Bill Outstanding select Yes
Bill to Bill Setup
Click In Advance Setup
In Bill to Bill Outstanding select Yes
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5. Bill to Bill Voucher Setup
This Setup is specific to voucher and has to be done in all voucher where Bill to Bill Adjustment is needed.
Select Yes in Auto Bill to Bill Entry if automatic Bill to Bill adjustment is to be done while making entry i.e. transaction
If Manual Entry for Bill to Bill outstanding is to be done then select No
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6. Bill to Bill Opening Reference
Here we are showing how to create an account for a debtor or a creditor keeping in mind the bill to bill adjustment. Along with this we are showing how to keep the opening balance reference in the case of bill to bill. For e.g. If a debtor account has to be created and he has not cleared a previous sales bill (i.e. Bill No S-121), we will learn how to
Keep the opening reference while creating the debtor account,
How to make the payment for pending bill using bank payment voucher
Effect in Bill Receivable report.
Note: Here the reference is created on the Bill Number (S-121) which is used while making the transaction for Bills Receivable voucher. So Bill Number plays an important role at the transaction level.
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7. Bill to Bill adjustment for Opening Balance
Creating New Debtors Account with Bill to Bill Adjustment
Here give the Name of the Account
Here in Balance Method select Bill to Bill here
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8. Bill to Bill adjustment for Opening Balance
On selecting Bill to Bill in Balance method
Select New Reference here
Give Bill Date and Bill Number here
Give the Amount here.
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9. Bill to Bill adjustment for Opening Balance
Payment against bill to bill reference.
Select the appropriate bank account
Select the debtors account here
Give the cheque number here
Click Bill to Bill button
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10. Bill to Bill adjustment for Opening Balance
Clicking Bill to Bill button will open this window for Deep A/c
Select Against Ref. here
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11. Bill to Bill adjustment for Opening Balance
From Reference List select the bill number.
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12. Here the whole Bill to Bill Adjustment is shown
Bill to Bill Setup
Here the whole Bill to Bill Adjustment is shown
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13. Bill to Bill adjustment for Opening Balance
Click Ok to finish the transaction
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14. Bill to Bill adjustment for Opening Balance
Here it shows the Bills Receivable Report for the opening balance adjustment.
Here “Opening” is shown for Opening Balance reference of pending sales bill S-121
Here the Bill Amount and the Adj./Adv amount is shown
Here it shows the Bank Receipt for pending sales bill No S-121
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15. Multiple Sales entry and its Bill to Bill adjustment
In business, multiple transactions between firms take place. When payment for them is done normally it is FIFO method i.e. first bill is paid first and so sequence is maintained. Here in Bill to Bill one can choose any bill for payment and the bill paid, pending and due report can be seen.
Here we are taking the case of three sales bills. Afterwards we get payment of 2nd bill and we will see the effect of this in Bills Receivable report.
We will also see the use of Pending/Due button and Adjustment wise button.
We will also see the use of Credit days given for a bill.
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16. Bill to Bill adjustment Against Reference
Here first Sales Voucher for Bill No S-101 is shown as New Reference
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17. Bill to Bill adjustment Against Reference
Here second Sales Voucher for Bill No S-131 is shown as New Reference
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18. Bill to Bill adjustment Against Reference
Here third Sales Voucher for Bill No S-141 is shown as New Reference with credit days of 10
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19. Bill to Bill adjustment Against Reference
Bills Receivable Report on 1st June 2012 is shown here.
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20. Bill to Bill adjustment Against Reference
Bank Receipt by cheque for Rs and its Bill to Bill Adjustment is shown here.
Select Against Reference here
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21. Bill to Bill adjustment Against Reference
Here the Sales Bill with Bill Number as Reference List
Select the first bill here for receipt of amount for Rs.3000 full
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22. Bill to Bill adjustment Against Reference
Select the second bill here for receipt of amount for Rs as part payment
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23. Bill to Bill adjustment Against Reference
Here both the bills and the amount is shown
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24. Bill to Bill adjustment Against Reference
Click OK for completing the receipt entry
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25. Bill to Bill adjustment Against Reference
Here Bills Receivable report is shown before receiving the payment.
It Shows the Pending Bills
Click Pending/Due or press F5 to see Due Bill or All Bills
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26. Bill to Bill adjustment Against Reference
Here Bills Receivable report is shown before receiving the payment.
It shows the bills that are still Due for payment and not paid
Note: Here the third bill S-141 is not shown as the credit days of 10 is still not over and thus not due for payment
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27. Bill to Bill adjustment Against Reference
Here Bills Receivable Report is shown before receiving the payment.
It shows the list of all bills i.e. Previous, Pending or Due
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28. Bill to Bill adjustment Against Reference
Here Bills Receivable Report is shown after receiving the payment.
It shows the report of All the bills without showing the details of adjustment
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29. Bill to Bill adjustment Against Reference
Here Bills Receivable report is shown after receiving the payment.
It shows the report of All the Bills with adjustment details of Bill to Bill
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30. Advance Payment adjustment in Bill to Bill
Sometimes in business transactions, the companies take advance against some job that will be delivered in future. For e.g. here we are showing a case wherein an advance of Rs is taken from Mr. Deep our debtor for a future sales transaction or for goods that would be delivered after few days.
Here we will see
How to make the entry for advance receipt from Mr. Deep in Bill to Bill adjustment and creating a reference.
Adjustment of this Advance Payment when sales is done using the reference that was created when advance receipt was done.
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31. Bill to Bill adjustment for Against Reference
Here the Bank Receipt for the Adv. Payment for Bill No. S-171 is shown
Here in Adj. Type select Adv. Payment
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32. Bill to Bill adjustment in Advance Payment
Give Particular as the reference number for future sales bill no.
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33. Bill to Bill adjustment in Advance Payment
The Sales Bill for Bill No. 171 is shown.
Here in Adj. Type select New Against Adv.
Here give the reference number used in Bank Receipt Bill to Bill Adjustment
Here the bill amount is shown.
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34. Bill to Bill adjustment in Advance Payment
The Bills Receivable report showing Pending Bills values.
The Bank Receipt amount is shown here.
The Sales Voucher amount is shown here.
The Pending Amount is shown here.
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35. On Account adjustment in Bill to Bill transactions
In times of crisis, firms with good relations take advances from each other and this amount is adjusted against purchase or sale transaction. Miracle allows this kind of transaction using Bill to Bill adjustment known as “On Account”. We will understand this by taking an example.
We take an advance of Rs. 7,000 from a debtor Mr. Deep. Afterwards we adjust this 7,000 Rupees against a sales transaction of Rs.7500 that takes place and the difference of Rs.500 is shown as receivable in Bill Receivables.
We will learn how to make the entries for,
Make an “On Account” entry for the advance taken from Mr. Deep
In the particular of the above entry give a reference number (in our case S-201) which will be used in bill to bill adjustment while making the sales entry.
Make the sales entry and in Bill to Bill adjustment give adj. type as “On Account” and in particular give the same reference number (S-201) and pass the entry.
Refer the Bills Receivable Report and one can see an “On Account” Pending Amount of Rs. 500 and the Bank Receipt (BRct) and Sale transaction.
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36. Bill to Bill adjustment in On Account
The Bank Receipt showing the advance taken from Mr. Deep.
Here in Adj. Type select “On Account”
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37. Bill to Bill adjustment in On Account
Here Sales Bill is shown
Select On Account here
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38. Bill to Bill adjustment in On Account
Bills Receivable Report showing Adjustment wise entry of On Account Bill to Bill
The difference of Rs.500 is shown as pending amount here
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39. Adjustment between Purchase and Sales
Normally in business it can happen that a person might be a debtor and a creditor too. We might sell the goods to him and then later on we may purchase the goods from him also. The amount that we should get as receivable through sales can be adjusted against payment through the purchase of goods. We will see here how to do the adjustment between Sales and Purchase.
First we will make an entry for sales and create a reference using particular i.e. the Bill Number
Then we will make an entry for purchase and use the particular given in sales voucher as adjustment for purchase.
Finally we will see how the adjustment is shown in the bills receivable or bills payable report.
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40. Sales and Purchase Adjustment
The Bill No here is shown in the Bill to Bill adjustment particular
The Sales Voucher with sales entry
Select New Reference in Adj. Type and in Particular select the Bill No.
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41. Sales and Purchase Adjustment
The Purchase Voucher with bill to bill adjustment
In Adj. Type select Against Ref.
In Reference List select B-127
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42. Sales and Purchase Adjustment
Here it shows the whole adjustment against sales for purchase
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43. Sales and Purchase Adjustment
The Sales was done for Rs and the Purchase adjustment is for Rs. 7000, so there is a pending amount of Rs. 2000, which can be seen from the report
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44. Bill to Bill Reports This is the screen of Bills Receivable report.
Click Format for different formats of the report or press Ctrl+F
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45. Here it shows the different Formats of Bills Receivable
Bill to Bill Reports
Here it shows the different Formats of Bills Receivable
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46. Bill to Bill Reports
Here it shows the A/c. Receivable Detail Report format for
Pending Bills
Click Pending/Due button for Pending/Due/All Bills or press F5
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47. Bill to Bill Reports
Here it shows the Due Bills i.e. those bills that have already crossed the credit days.
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48. Here it shows All Bills i.e. previous bills, pending or due bills.
Bill to Bill Reports
Here it shows All Bills i.e. previous bills, pending or due bills.
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49. Pending Bills Adjustment wise
Bill to Bill Reports
Here it shows the A/c. Receivable Detail Report format for
Pending Bills Adjustment wise
Click this button for Adjustment Wise report or press F8
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50. Due Bills – Adjustment Wise
Bill to Bill Reports
Here it shows the A/c. Receivable Detail Report format for
Due Bills – Adjustment Wise
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51. All Bills - Adjustment Wise
Bill to Bill Reports
Here it shows the A/c. Receivable Detail Report format for
All Bills - Adjustment Wise
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52. Bill to Bill Reports The Multi Ledger Print screen is shown as under
Customize report using selected names
Click this button Multi Ledger Print or Press Ctrl+L for customized report printing
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53. Select the Account Name here for seeing the report of specific account
Bill to Bill Reports
Select the Account Name here for seeing the report of specific account
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54. Bill to Bill Reports Select the From and To date here
Select the Format for printing
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55. The Report Preview of Multi Ledger Print
Bill to Bill Reports
The Report Preview of Multi Ledger Print
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56. Thank you for using this self running demo.
Miracle Accounting Software
The Way to Success …
Thank you for using this self running demo.
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57. Bill to Bill Reports
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