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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2012 Sir,
We were doing our accounts in quickbooks for a long time..and now we have changed it to Tally.We have around 11 short term deposits of 3months each.please let me know where the entry should be placed..in payment or in journal?
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
19 April 2012 Since u r migrating from quickbooks to Tally, u will be incorporating all assets and liabilities through a singly journal entry.

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