Electronic payments become more and more mainstream. Not only in
Europe, in some cases things move faster non-western countries. In
Kenya, a huge share of payments are done by mobile telephones, MPesa
introduced by Safaricom (Vodaphone) a few years back is unbelievable
successful has left the traditional banks empty handed. Type Mpesa in
Google and u will find out how succesful. Vodaphone will roll out
Mpesa in India as well (http://articles.economictimes.indiatimes.com/
Believe ERPnext procudures should adapt to these new developments in
the financial industry.
In ERPNEXt, recording a payment is the last step in a processing
chain: PO>PR>PI,PV. and similar with the sales.
I believe every European Accounting system allows that the bank
statements are electronically uploaded one record for every
transactions, banks use a standard csv format.
So processing now starts with the payment record from the bank and is
linked in the opposite way to a purchase or sales, or other payment.
I just received (electronic) mail from our Bank that they want to get
rid of paper invoices, and companies can now send invoices to a
“invoice box” at your bank, allowing very quick and easy payments.
Most of our supplier invoices we receive already attached to an email
as a pdf file.
One “colleague” of ERPNEXT here in NL has just released an OCR based
module where electronic invoices are “semi-automatic” recorded in the
system, including the selection of the correct account head. Things
For reflection, Robert