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Bank Entry.

B.R.Vinod kumar (Accounts Manager) (275 Points)

02 January 2023

Hi,

any one tell me how to maintain in tally the swip account. and how to do brs for this. I entered all credit and debit to my account, but swip transfer in and out not entered.

please share your knowledge.

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4 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 02 January 2023

https://youtu.be/lc6TMAt5N5Y

IF YOU have brs issues ? what are they. BRS must tally if you follow all of these steps presumably

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 03 January 2023

Check the bank statement and account it as direct sales

Bank A/c Dr

Sales a/c

8 Like

B.R.Vinod kumar (Accounts Manager) (275 Points)
Replied 03 January 2023

Hi, thanks for the response, still I am not get clarity, in swip was happened daily more than 100 line items, but in my tally old accountant entered actual sales received, payment, booked interest credit and month end date passed one payment entry or receipt entry to matching the balance.
my question is how he calculated.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 03 January 2023

Then you can book the below entry daily

1. Swipe in receivable A/c Dr

To Sales
To GST

2. Bank A/c Dr
To Swipe in Receivable

Bank entries should be accounted line by line.
You may club the sales entries for B 2 C .
But it should be daily and not monthly

7 Like