Basis Documents

Basis documents (contracts, invoices, orders, agreements, bills) represent the primary legal and economic basis for financial transactions in Witstally.

Purpose

Every transaction or bank statement payment should ideally link to a basis document. Linking payments to basis documents allows you to:

• Automatically track payables and receivables.
• Monitor invoice payment statuses (e.g., Paid, Partially Paid, Unpaid).
• Maintain proper double-entry bookkeeping ledgers.

Selecting a Basis

During transaction creation or statement import:

1. The system matches the counterparty.
2. You select a specific contract, agreement, or invoice as the Basis Document.
3. The payment is associated with the selected document, updating its balance.