Maintain Bill wise Details in Tally
Maintain Bill wise Details
Bill wise Details hence can be used to track the details of any already made or due payments and also to generate payables or receivables reports with minimum effort.
How to activate:
Go to Gateway of Tally-> Press - F11: Accounting Features -> Set 'Yes' to 'Maintain Bill wise Details (for Non-Trading A/c s also).
There are four types of bill wise detail.
|
New Reference |
This is used at
the time of passing sales and purchase
entries which will later serve for Against reference entries to be passed
under Sundry debtors and creditor’s ledger. |
|
Against Reference |
This reference is
used when we pass receipt entries or
payment entries against the references created at the time of passing of
original entries such as sales and purchase. |
|
Advance |
This reference is
used when any amount is received in
advance for any services rendered or for any outward supplies of goods is
made or when any amount is paid in advance for purchases to be made at the
future date. |
|
On Account |
An interest
receipt entry, interest payment entries uses these types of references. But
apart from these, this type of reference is also used when we are unsure of as of against which bill the
sum has been settled by the debtor. So, all those
types of entries are kept under this reference till the time it gets cleared
as to which Invoice the sum relates to. |
Benefits of maintaining Bill wise details in Tally.ERP 9
· To easily maintain/generate outstanding reports of Receivables and Payables.
· To maintain & track Accounts Receivable and Accounts Payable based on every bill.
· Helps in generating Age wise analysis report for receivables and payables.
Example1:
Example 2:
To Entry Billwise Vouchers in Tally:
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