Payment

Payment voucher is used to record all bank and cash payments.

There are two types of paymentvoucher can be prepared for control purpose as follows: – 

  •  Payment Voucher: – These vouchers are used only in case of cash payment. 
  •  Payment Voucher: These vouchers are used when the payment is made through bankers of business firm.

Gateway of Tally —–> Vouchers —–> Payment (F5)

Note: – For Bill wise entry do the following settings using F12 (Configure) Button.

Press F12 (configuration)

Show more configuration —–> Yes

  • Use Single entry mode for payment voucher —— > Yes
  • Show list of Bills for selection ——> Yes
  • Show final balance for each Bill ——> Yes
  • Show Bill-wise details ——> Yes
  • Show Bill-wise details in multiple lines ——-> Yes
  • Show inventory details ——> Yes
  • Preallocate Bills for Payment/Receipt Voucher/Journal Vouchers —– > Yes

Method of Adjustments: –

Advance:This method is used to payment or receipt without any previous due arisen to the party
Against ref:Is used for adjustment against any exiting dues.
New ref:Is used for creating any due
On account:For lump sum amount

To know the reaming amount payable for particular party, check below report

  • Display Payable Report

Gateway of Tally—–> Display —–> Statements of accountant ——> Outstanding —–> Payable

Do the following Payment entry bill by bill as given below.

01/05/2023Paid Rs. 15,000 to Nirala Corporation against Bill no. NC/APR/001
01/06/2023Paid Rs. 2,200 to Samarth Stationary against Bill no. SS/APR/001
01/06/2023Paid Rs. 15,200 to Radha Pvt Ltd against Bill no. RPL/MAY/001
01/07/2023Paid Rs. 20,000 to Krishna Pvt Ltd against Bill no. KPL/MAY/001
02/06/2023Paid Rs. 6,000 to Nirala Corporation against Bill no. NC/APR/001
02/07/2023Paid Rs. 5,800 to Krishna Pvt Ltd against Bill no. KPL/MAY/001
01/07/2023Paid Rs. 2,544 to My Choice Stationery against Bill no. MCS/JUNE/001
02/07/2023Paid Rs. 7,000 to Pilot (India) Ltd.against Bill no. PIL/JUNE/001
02/06/2023Paid Rs. 2,200 to Samarth Stationary against Bill no. SS/APR/001
01/08/2023Paid Rs. 6,000 to Radha Pvt Ltd against Bill no. RPL/JULY/002
02/08/2023Paid Rs. 1,500 to My Choice Stationery against Bill no. MCS/JULY/001
01/09/2023Paid Rs. 1,000 to Pilot (India) Ltd.against Bill no. PIL/AUGUST/001
02/09/2023Paid Rs. 1,50,000 to Alfa Pvt Ltd. against Bill no. APL/AUGUST/001
02/08/2023Paid Rs. 6,500 to Radha Pvt Ltd against Bill no. RPL/JULY/002
02/08/2023Paid Rs. 500 to My Choice Stationery against Bill no. MCS/JULY/001
02/09/2023Paid Rs. 800 to Pilot (India) Ltd.against Bill no. PIL/AUGUST/001