Receipt by Bill
Record money received from customers against the specific sale bills it settles. Each receipt is tied to a bill, so the bill's balance, the party's outstanding and the cash/bank account are all updated together. To receive one amount against several bills of the same party, use Multi Receipt by Bill.
Multi - Receipt by Bill
Enter one receipt from a party and spread it over several of its bills in one go. Use it when a customer pays a lump sum (cash, cheque, UPI or bank transfer) against many bills. For one bill at a time, use Receipt by Bill. Both screens save the same kind of entry and appear in the same day's receipts.
Outstanding by Bill (Receivables)
The statement of bills your customers still owe, party by party, with every unpaid bill listed, how old it is and a running total for the party. It is the report to take out when collecting, and shows what Receipt by Bill settles.
Bill Receipt Ledger
Shows, for each customer, every sale bill with the receipts adjusted against it: when the money came and for how much. It answers "how long does this party take to pay?" and "which receipts cleared this bill?"
Bill Wise Outstanding (Multi-Year)
The party-wise statement of unpaid bills across the current and the previous financial years — the one to take out when you chase a customer, because it shows every open bill, how old it is and what has been received against it.