Raju Electricals owes SHREE GANESH TRADERS Rs 12,500 (balance 12,500 Dr). Raju pays Rs 12,000 in cash and asks you to drop the last Rs 500. In Quick Receipt pick Payment Mode Cash, Account Name Raju Electricals, Amount 12,000, Discount 500, Remarks "Full and final, Oct bills". Speed Plus 9 credits Raju with 12,500, debits Cash with 12,000 and debits the discount account with 500. Raju's balance is now 0.
Quick Receipt and Quick PaymentCore software Accounts & banking
Accounts that keep themselves while you bill.
Take money in, pay money out, read your books and fix a wrong entry, without learning debit and credit first.
- No Dr/Cr to remember
- Know who owes you
- Mistakes are easy to fix
01No Dr/Cr to rememberPick Quick Receipt or Quick Payment, choose the party, type the amount. Both sides of the entry are posted for you.
02Know who owes youThe Outstanding Report and the DSR show every party's balance, so you collect on time and pay suppliers on time.
03Mistakes are easy to fixDouble-click the entry in the Day Book or Ledger, correct it, press Update. Every report follows.
How it works
Up and running in 5 steps.
- Open Reports → Outstanding Analysis → Outstanding Report to see who owes you.
- Press Ctrl+R for Quick Receipt (money in) or Ctrl+Y for Quick Payment (money out).
- Pick the Payment Mode (Cash or a bank) and the party in Account Name.
- Type the Amount, any Discount and a Remarks line.
- Press Save. Check the day in the Day Book (Ctrl+D).
A closer look
Accounts & banking, screen by screen.
Accounting
Quick Receipt and Quick Payment
Use Quick Receipt when money comes in from a party and Quick Payment when you pay a party. The header shows Money In or Money Out so you always know which screen is open. One screen takes one party per entry, and you can post many entries one after another.
- Open Entries → Quick Receipt (Ctrl+R) or Entries → Quick Payment (Ctrl+Y).
- Check the Date. The Receipt No. fills itself when voucher numbering is set to Automatic or Daily (Help → Voucher…
- Pick the Payment Mode: Cash, or one of your bank accounts. If you pick a bank, the Enter Cheque Details box opens for…
Accounting
Journal and Contra in Plain Words
Quick Receipt and Quick Payment cover most days. For other entries use the full vouchers under Entries → Financial Accounting: Payment, Receipt, Journal (Ctrl+Shift+J), Contra, Debit Note and Credit Note. On these screens you add one line per account, choose D or C in Dr. / Cr., and type the Amount.
Full steps in the guideAccounting
Day Book and Cash Books: See and Fix the Day
The Day Book lists every entry between two dates: sales, purchases, receipts, payments and journals. Open Reports → Day Book (Ctrl+D), set From and To, and press OK. Each row shows Date, Transaction Type, Account Name, Particulars, Dr. Amt. and Cr. Amt., with Total Dr. Amt and Total Cr. Amt. at the bottom.
- Find the row in the Day Book.
- Double-click it (or press Enter or Space on it). The entry opens in its own screen, for example Quick Receipt.
- Correct the amount, party or date. The Save button now reads Update.
Accounting
Ledger and the Show Narration Tick
New in 2026
A ledger is the full story of one account: every bill, receipt, payment and journal with a running balance. Open Reports → Ledger (Ctrl+L), type the party in Account, set From and To, and press OK.
Full steps in the guideAccounting
Outstanding: Receivable and Payable
Receivable is money customers owe you. Payable is money you owe suppliers. Check both before you go out to collect or before you pay.
- Open Reports → Outstanding Analysis → Outstanding Report.
- Choose Receivable or Payable and set the As On date.
- Tick Customers, Suppliers or both. Tick Grouped to see the parties under their groups.
Accounting
Interest on Overdue Balances
If you charge interest on late payment, or pay interest on a loan from a party, Speed Plus 9 works it out from the ledger. Open Reports → Interest Calculation and choose:
- Pick the Account Name, the From Date and To Date, and type the rates.
- On Simple Interest, tick which entries count: Sale/Purchase Entries, Payment/Reciept/Journal Entries.
- Press OK. The totals show Interest (Dr.), Interest (Cr.), Net Interest, Ledger Balance and Net Balance with Interest.
Accounting
Trading, Profit & Loss and Balance Sheet
These three statements are built from your entries. Open them any day of the year from the Reports menu.
Full steps in the guideWorked examples
With real numbers, the way a shop uses it.
Journal for rent due: line 1, Account Name Office Rent, D, 15,000. Line 2, Account Name Sharma Properties (the landlord), C, 15,000. Debit Total 15,000 = Credit Total 15,000, press Save. Office Rent now shows Rs 15,000 of expense, and Sharma Properties shows Rs 15,000 Cr (you owe it). When you pay next week, use Quick Payment to Sharma Properties.
Journal and Contra in Plain WordsThe counter boy saved Rs 3,000 received from Gupta Stores, but the slip says Rs 2,000. Open the Day Book for today, double-click the Gupta Stores row, change Amount to 2,000, press Update. Gupta Stores' balance goes up by Rs 1,000 again and cash in hand comes down by Rs 1,000.
Day Book and Cash Books: See and Fix the DayEverything inside
Each topic has its own step-by-step section.
Financial Accounting
Accounting That Keeps ItselfQuick Receipt and Quick PaymentJournal and Contra in Plain WordsDay Book and Cash Books: See and Fix the DayLedger and the Show Narration Tick NewOutstanding: Receivable and PayableInterest on Overdue BalancesRecording Expenses: Direct vs IndirectCapital Account and DrawingsTrial Balance and Refresh Balances NewTrading, Profit & Loss and Balance SheetDaily Sale Statement and DSR Party Wise NewDate Keys W K M H Y R New
Features in detail
Pick a feature and read its page.
Accounting & banking
Bank entries without debit and credit
Cheque, deposit, withdrawal and charges in plain words.
Setup & administrationDate keys W K M H Y R
One key sets This week, This month or the whole year in any report.
Accounting & bankingInterest on overdue balances
Work out interest party by party for late payments.
GST & document controlsBank details and cheque printing
Keep payment instructions and cheque output consistent.
Accounting & bankingBank reconciliation
Compare the books with the bank statement.
Accounting & bankingBill-by-bill outstanding
Know which invoice still needs payment.
Accounting & bankingCash flow
Look beyond sales to money movement.
Accounting & bankingCustomer and supplier ledgers
See what a customer owes or a supplier is due.
Accounting & bankingFinancial statements
Read the business through its accounts.
Videos
Watch Accounts & banking on the real screen.
Today's Instalment Collection: Bill-by-Bill Collection Register and Adjust Bill
Sell on EMI: Instalment Schedule, Post-Dated Cheques and Guarantor
Bank Charges, Cash Deposit, Cash Withdrawal and Bank Book in One Video
Bank Entry: Cheque, DD, RTGS and Online Transfer Without Debit-Credit
Direct vs Indirect Expenses: Gross Profit and Net Profit Explained
Receipt and Payment Entry Without Debit-Credit: Pick the Party, Write the Amount
Questions
What people ask about Accounts & banking.
Do I need to know debit and credit?
No. On Quick Receipt, Quick Payment and Bank Entry you pick what happened and Speed Plus 9 posts both sides. You need D and C only on Journal and Contra (10.3).
What is the difference between Quick Receipt and Receipt?
Quick Receipt (Ctrl+R) takes one party, one amount and a discount on one line. Entries → Financial Accounting → Receipt is the full voucher where you add several lines with D and C yourself.
I saved a receipt with the wrong amount. How do I fix it?
Open Reports → Day Book (Ctrl+D) for that date, double-click the entry, correct the amount and press Update. You can also double-click it in the party's Ledger.
I saved an entry on the wrong date. What now?
Open it from the Day Book of the wrong date, change the Date and press Update. If the message "Back Date Entries are not Allowed..." appears, your user has no right to change old dates; ask the owner.
The Ledger crashed when I double-clicked an empty list. Is that fixed?
Yes. Double-clicking or pressing Enter on a Ledger with no rows (not run yet, or nothing in the period) used to stop with an error. Now nothing happens. Fixed in version 261030; update with Help → Check for Updates.
My ledger narration is cut off after a semicolon.
The Show Narration tick at the top of Reports → Ledger is off. Tick it and press OK to see the full narration.
The Trial Balance group totals look wrong after I moved an account to another group.
In Reports → Trial Balance press Search, click Refresh Balances, then press OK. It re-checks every account's primary group and the group totals.
Where do I see who owes me money?
Reports → Outstanding Analysis → Outstanding Report, choose Receivable, press OK. Choose Payable for what you owe suppliers.
A Web POS credit bill was not in the Outstanding Report or the Trial Balance.
Fixed in version 261030: credit bills coming from Web POS now reach the Outstanding Report and the Trial Balance. Update with Help → Check for Updates.
Can I send balance reminders to many parties at once?
Yes. In the Outstanding Report tick the parties (or Select All) and press SMS / Whatsapp.
See Accounts & banking working on your kind of bills.
Tell us your trade and how you bill today. We will show you the same work in Speed Plus 9, on a call or at your shop.