Tally related query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2017 I have delete the one party data in tally but i have not changes in stock and amount in tally so what entry in tally is made pls guide me

Expert : Anonymous

Expert : Anonymous (Expert)

19 December 2017 Your query is not cleared

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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11 July 2024 If you have deleted a party ledger in Tally but need to adjust the stock and financial accounts accordingly, you'll typically need to reverse the effect of the transactions related to that party. Here’s a general approach to handle this situation in Tally:

### Steps to Adjust Stock and Financial Accounts in Tally:

1. **Restore the Deleted Party Ledger (if possible):**
- Check if you can restore the deleted party ledger in Tally. Sometimes, Tally keeps deleted data in a separate folder (like 'Recycle Bin') from where you can restore it. If restored, proceed to adjust transactions.
- If the ledger cannot be restored, you'll need to manually adjust the transactions.

2. **Adjust Stock (if applicable):**
- If the deleted party was involved in transactions affecting stock (like sales or purchases), adjust the stock quantities accordingly.
- Use the appropriate voucher type (Sales, Purchase, etc.) to enter reverse transactions for the quantities involved. For example, if you deleted sales transactions, enter a sales return transaction to adjust stock back into inventory.

3. **Adjust Financial Entries:**
- For financial entries (like sales invoices, purchase invoices, payments, receipts), you need to reverse the effect of these transactions.
- Use voucher types such as Sales Returns, Purchase Returns, Receipt, Payment, etc., to reverse the financial impact of transactions involving the deleted party.
- Ensure that the amounts and accounts affected by these transactions are adjusted correctly to reflect the reversal.

4. **Check for Tax Implications:**
- If any tax entries were affected by the deleted party transactions (like GST in India), reverse these entries accordingly using appropriate voucher types (e.g., Credit Note for GST adjustment).

5. **Review Reports:**
- After making adjustments, generate reports (like Stock Summary, Ledger Reports) to ensure that stock quantities and financial balances are accurate.

### Example Scenario:

- **Original Transaction:** Sales of goods to Party X.
- **Deleted Transaction:** Sales invoice to Party X was deleted.
- **Adjustment Entry:** Enter a Sales Return voucher for the same quantity and value to reverse the impact on stock and financial accounts.

### Note:
- Always ensure to backup your data before making significant changes or adjustments in Tally.
- If the deleted transactions involve complex scenarios (like interlinked transactions or multiple entries), consider seeking guidance from a Tally expert or consultant to ensure accuracy.

By following these steps, you can effectively adjust stock and financial accounts in Tally after deleting a party ledger. Adjustments should be made carefully to maintain accurate financial records and comply with accounting standards and tax regulations applicable to your business.

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