How to record advances againts customer - vendor

Shahzad Anwer (51 Points)

21 December 2016  

Hello Member's

 

 

I need your help about record advances

 

1- Advance from customer's

2- Advane to Vendor's

 

Like: If we receive advance from customer 

how to record separate advances ledgers and how to view reports whois pay adavnce payment 

for example:  Account Ledger (Advence from customer - under ?? which head

Customer Name: Abc & Company 

 

2- Advance payment to vendor's - under which head???

Party name: xyz company

 

plz help me how to record this transaction in tally.erp 9

 

Thanks