I had a credit card which i use it every month.i want to record all the transactions in tally 9.0.(all purchases & payments)
also do tell me where to create or place the credit card in tally.i m trying to group it under Bank occ but after selection of the Bank occ a/c its is displaying in Bank OD account.
Please help me.
Dear Srinivaskalyan, There are Two Options :- FIRST OPTION 1) Credit Card you can open under Sundry Creditor Group. 2) Debit All the Expenses/ Purchases made by you and credit Creditor here it Credit Card used by U. 3) While making payment for use of Credit Card Debit Credit Card a/c and credit Bank A/c. SECOND OPTION :- NEED NOT CREATE CREDIT CARD A/C. 1) Direct debit respective expense/ purchase a/c and credit bank a/c for payment of credit card dues with due mention of CREDIT CARD NUMBER IN NARRATION OF PAYMENT.
Shilpa madam, Thank you very much for replying.
O P Bagla & Co LLP
New Delhi
CA Inter
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