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. 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.
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 creditors ledger. There are four types of bill wise detail. Types of Bill wise details in Tally.ERP 9 Where we enter the details of sales and purchases with the bill wise option activated, Tally.ERP 9 prompts us to identify the invoice with an appropriate reference number. We can now activate Bill wise accounting feature under the heading outstanding management features.Įnable this option to display the option Maintain balances bill by bill in all ledgers created under sundry debtors and creditors. To enable the accounting features Go to Gateway of Tally > F11: Features > F1: Accounts. We find this feature of Bill wise Accounting in Tally.ERP 9 under the Accounting feature head (F11) Where do we find Bill wise Accounting feature in Tally.ERP 9? It is so that the details of creditors and debtors are maintained at the invoice level and called as Bill-Wise Accounting system. Where we can see the details of bills, specific credit periods and get the correct outstanding result of each ledger.īut when there are a lot of entries it becomes difficult to match a payment to an invoice. If we make an entry to a ledger that needs bill wise details, we have to give the details of the bill at the voucher entry itself. To generate various types of Bill wise summary report in Tally.ERP 9īill wise accounting for Non–Trading accounts What is Bill wise Accounting?
#ACCOUNTING ENTRIES IN TALLY ERP 9 HOW TO#
How to activate Bill wise Accounting in Tally.ERP 9?
Where do we find Bill wise Accounting feature in Tally.ERP 9? Types of Bill wise details in Tally.ERP 9īenefits of maintaining Bill wise details in Tally.ERP 9 Bill Wise Details in Tally.ERP 9 What is Bill wise Accounting?