Accounting for Cheques issued

On 8th July

Creditor A/c Dr.

  To Bank A/c

At the end of the month you do bank reconcilation to sort out the issue.

 In Tally the voucher number gets adjusted automatically with the dates. If you dont want to change the voucher no automatically, you can set the voucher numbers to be entered manually.

All cheques issued before 20 th august having voucher no 1, 2, 3 etc. Voucher for  the chque dated 20 Aug which was issued  and recorded earlier should be automatically  get the no according to date (In Tally this is done automatically). As concern to the Cheque that should be appear in Bank Reconciliation for the concern month.

>> Rajesh

all the above facts are true according tally

It is OK that Tally will rearrange the voucher number according to Date but we should discuss here whether we should suggest our clients to pass such entries.

In my opinion post dated entries should not be allowed to pass and if client needs to maintain any record for issuing the cheques he/she can do the same in seperate excel file.

Again, if the client insist on passing some book entry then we can suggest the following entry to them:

Cheques issued A/c Dr.

To Suspense A/c.

On the Cheque date reverse the above entry and pass the following entry:

Creditors A/c Dr.

To Bank A/c.

I think the entry should be creditors a/c Dr to bank suspence a/c as when creditors accepting a post dated cheque now he ceases to be a creditor and bank a/c can be adjusted later

I think the entry should be creditors a/c Dr to bank suspence a/c as when creditors accepting a post dated cheque now he ceases to be a creditor and bank a/c can be adjusted later

In Tally, voucher is automatically adjusted, But practically company takes out the print of vouchers for their record, so it is difficult for make entry in back or forward date.Entry given by Vijay is right

Thanks,

Lovenish Bansal

just do a bank reco