Tally 107

Payment Voucher Creation

The said voucher is used for

Any type of Cash or Bank Payment

(A) -For Cash Payments

↓

Gateway of tally (GOT)

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Press ‘F5’ Payment

↓

Account: Cash

↓

Particulars: Payment Accounting Head

(Like salary, wages, cash expenses and payment to creditors)

(B)-For Bank Payments

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                                          Gateway of tally (GOT)                                        

↓

Press ‘F5’ Payment

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Account: Name of the Bank

↓

Particulars: Payment Accounting Head

(Like salary, wages, expenses and payment to creditors through cheque or Bank Transfer, Bank Charges or Bank Interest Paid)

Payment Voucher Creation -Example

(Already created company named M/s SMD Marketing Co.)

Problem

1. He purchased computer worth Rs.75000/- for office by paying a cheque no 550501. –ICICI Bank

2. He paid Rs.550/- in cash for old clothes for dusting

3. He paid Rs.70/- in cash for tea to customers.

Solutions:

In the above three problems new ledger accounts are 

Computer A\c under Fixed Assets

Old clothes for dusting a\c” or Miscellaneous Expenses under Indirect Expenses

Entertainment Expenses under Indirect Expenses

For Voucher Creation press ‘V’ at GOT (Gateway of Tally) and ‘F5’ for payment voucher.

Solution to Problem 1

Account: ICICI Bank

Particulars: Computer a\c

 The view shall be as under:

Solution to Problem 2

Account: Cash

Particulars: Miscellaneous Expenses A\c

 The view shall be as under:

Solution to Problem 3

Account: Cash

Particulars: Entertainment Expenses A\c

 The view shall be as under