# Bank Payment

### **Module Guide: Bank Disbursement**

#### **Module Location**

#### Finance > Cash Book Entry > Bank Payment

#### **Module Objective**

#### The **Bank Payment** module is the primary transactional module for recording all money disbursed from the company's bank accounts. Its main function is to apply payments to suppliers (vendors) against one or more outstanding purchase invoices, thereby settling the accounts payable. This module can also be used to record other bank expenditures.

### **1. Main View (Bank Payment Entry Form)**

#### The main page of this module is a form for inputting the details of a fund disbursement. The process begins by creating a new document which will then be displayed in the **Cash/Bank Outflow List** module.

![image.png](https://manual.kokola.co/uploads/images/gallery/2025-09/scaled-1680-/iMyimage.png)

### **2. Steps to Record a Bank Disbursement**

#### **Step 1: Fill in Header Information**

#### At the top of the form, fill in the main payment details:

- #### **Type**: Select the type of expenditure, in this case, **Bank Disbursement**.
- #### **Date**: Enter the date the payment was made (e.g., September 18, 2025).
- #### **Bank Payment**: Enter the total amount of money paid.
- #### **Cash Book Account**: **Important!** Select the company's bank account that is being used for the payment from the dropdown. The account balance will be displayed next to it.
- #### **Notes / Memo**: Provide any relevant descriptions or notes.

#### **Step 2: Allocate the Payment to Invoices**

#### In the detail table at the bottom, you will detail which invoices are being settled by this payment:

1. #### Click the **+** icon to add a new row.
2. #### In the **Document No.** column, find and select one or more purchase invoice numbers to be settled. The invoices that appear here are those you have previously selected in the **Invoice Payment Selection** module.
3. #### Once selected, the system will automatically fill in details like **Pay to** (vendor name) and **Value** (invoice bill amount).
4. #### Ensure the total **Payment** in the detail table equals the **Bank Payment** amount in the header.

#### **Step 3: Verify and Confirm**

#### After all data is filled in and the allocation is correct, use the buttons in the bottom-left section:

- #### **Save**: To save the transaction as a draft.
- #### **Confirm**: To finalize and post the payment transaction into the system.

### **Workflow & Integrated Business Process**

- #### This module is the follow-up to the **Invoice Payment Selection** module.
- #### A transaction that has been **Confirmed** will officially settle the accounts payable originating from **Purchase Invoices**.
- #### After being confirmed, this document will appear in the **Cash/Bank Outflow List** and will automatically create an accounting journal entry (e.g., a **Debit** to the Accounts Payable account and a **Credit** to the Bank account).

### **Tips & Important Notes**

- #### This module is a daily work tool for the **AP (Account Payable) and Treasury** teams.
- #### You can allocate one bank payment to settle **multiple invoices** at once by adding several rows in the detail table.
- #### To make the reconciliation process with the bank statement easier, always ensure you select the correct **Cash Book Account**.