Abdul Rauf (Accounts Practicener) (76 Points)
24 November 2016
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 24 November 2016
For accounting of service income, you may use Sales voucher type. Entry would be:
Customer Dr
To Service Income
To Service tax (if applicable)
For accounting of receipt, you may use Receipt voucher type. Entry would be:
Bank A/c Dr
To Customer
Abdul Rauf
(Accounts Practicener)
(76 Points)
Replied 26 November 2016
Hi,
How can i pass TDS entry when we deduct TDS and when Clients deducts tds.
and service tax entry.
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 29 November 2016
When you deduct TDS:
Client A/C Dr.
To Bank A/C
To TDS payable A/c/
When Client deduct TDS
Bank A/c Dr.
TDS Receivable A./C Dr.
To Client A/C/
Sheema Saju
(2 Points)
Replied 02 December 2016
As you want to know how to do it in tally.For making sales Invoice.
Go to Gateway of Tally> Accounting Voucher> F8 Sales.
As you are providing service, Click on Accounting Invoice button or Use shortcut Key Alt+I .
Enter party name, Under particulars select the service expense ledger like professional fees. enter amount and save.
Here is how to do sales entry invoice in tally erp 9
When clients pays you money.
You have to enter it in receipt voucher.
Go to Gateway of Tally> Accounting Voucher> F6 Receipt Voucher.
If client is paying through cash ,select cash under field 'Account' If through cheque or online payment, select the bank name in which you are going to deposit.
under particulars : Select the clients name. and save the voucher. Please refer below link for detailed tutorial
Hope this helps.
Abdul Rauf
(Accounts Practicener)
(76 Points)
Replied 03 December 2016
Dear Sir / madam,
A cheque of 5000 showing in the books of accounts but not showing in the bank statement.
Acheque of 7000 showing in bank book but not showing in the books of accounts
How can i reconsile this transaction
Abdul Rauf
(Accounts Practicener)
(76 Points)
Replied 05 December 2016
Dear Sir / madam,
Opening balance of bank account shows 80000
current total month balnce is 45000
and we withdraw 55000 from bank but in balancesheet shows the loss of 10000.
why this show like this plz inform me ASAP
Sandeep Dharar
(Business )
(18797 Points)
Replied 05 December 2016
For 5000/- amount verify the clearing date with bank statement and then make BRS, otherwise remove that amount from ur books of accounts. Regarding 7000/- figure u must post the entry in ur books as per bank statement.
Deposits & withdrawls in bank is not responsible for losses in books of accounts. Ur income is less than ur expenses, thats y ur books are showing loss. If still u r not getting it then ask ur auditor for the reason behind the loss.
CAclubindia
