how to record entries of an e-commerce business. Suppose I have custom t-shirts business. If I sold 50 t-shirts on a day, i have to post every sale entries in tally?
Pass sale entry for every e-commerce sale in tally. This will enable you to keep inventory track also. Online sales are through online Payment modes that is banking channels.
In tally just past entry like ---- Bank A/c Dr. To Sales A/c To CGST A/c To SGST A/c or IGST A/c
Consult any book the entry u hv shown is cash. sale entry. we should try to explain Mr. prashant what will be the entry when sale bill is raised. when cash is received.
these are two steps.. Input GST ACCOUNT IS A RECEIVABLE ACCOUNT.