How to maintain record of accounting voucher in Tally

When any person can start the business then many transaction or entries may be occurred in business during life time whenever business is carried.  These are related to sale and purchased. All these entries are recorded in accounting voucher. It is related to cash and credit. When transaction related to credit then make entry only in journal voucher. When transaction related to cash then make entry only in the entire voucher.

For maintaining the accounting vouchers some of the important points which are necessary to keep in mind:

·        First of all, when you make any entry related to journal check the current period. E.g. when start the next year then we can change it.

For changes: press ALT+ F2

·        At the time of ledger creation activate the inventory system in sale and purchase.

·        Cost centre and cost unit activate only in when you need detail. E.g. for maintain salary detail then activate how to pay it.

HRA	20%
BASIC	50%
DAILY ALLOWANCES	10%
HOUSE FACILITY	20%

    
·        At the time of maintain the stock items standard rate fix –F12

·        Activate the maintain detail bill by bill only in party name. E.g. two companies purchase and Sale Company.

·        When various items then we can activate the godown category.

·        For using the calculator at the time of interest calculation press CTRL+N and after calculation ctrl+m.

·        Narration is being necessary.

·        In tally, double line shown press CTRL button.

·        Single line shown press ALT.

Some entries shown in following example:

 Suppose you want to purchase a car Rs. 1000000 from m/s swani motors. For this purpose you had taken loan from sbi bank. And through bank you had paid the entire amount to the m/s swani motors. Then you will pay entire amount to bank in installments. Following entries are:

·        For contribution amount:

                                   Cash a/c   Dr.

                                         To ABC. Proprietor

·        For deposit amount cash in bank:

                                      Bank a/c Dr.

                                          To cash  a/c

                         

·        When you purchased a car: (journal)

                                     Car a/c    Dr. 

                                          To m/s swani motors a/c

·        When you pay to swani motors: (journal)

                                    M/s swani motors a/c Dr.

                                                To car loan a/c

·        Payment in installment to bank:

                                     Car loan a/c Dr.

                                             To bank

When any account is not created then ATL+C and create the account.