about bill entry

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Ram Prakash Gautam (Querist)
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15 June 2010 sir,

plz guide me in bill entry in tally.

as per my knowledge " any sale bill / trf. to branch bill / trf. to sister co.
bill entered in tally with real value.

but my friends say i can roundof in bill entry & they do in a/c but i m not entered in round of.

they sey , this instruction is given by c.a. bill can entered in roundoff.

for example :-
if bill amt. is 5789.64
than i enter in tally same amt. ( 5789.64)
but my sister co. entered it 5790/-

so plz guide me
thanx & regards
ram prakash gautam

Rahul Gupta

Rahul Gupta (Expert)
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15 June 2010 I think there is not a big issue in this.
You can bill with the same amount or round off amount.
In case, there is difference in recording by you and your sister concern, then later on at at year end, there might be minor difference which can be sett off and also can be shown as miscellaneous income/miscellaneous expenses. Also, consider the payments made/received because it will be required to make you to adjust the payment made/received against bill recived/issued.

So to avoid any reconciliation at the year end, try to use any one of the method both by you and your sister concern.

Ram Prakash Gautam

Ram Prakash Gautam (Querist)
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16 June 2010 thanx rahul sir,

plz guide me at the time of reconciliation can i get it in short & exces a/c.

Rahul Gupta

Rahul Gupta (Expert)
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16 June 2010 Ya sure. You can show it in short and Excess or miscellaneous Income/Expenses account.

CA BHUMIKA

CA BHUMIKA (Expert)
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16 June 2010 i also agree with the expert. but according to me follow same system in all your sis conc company it is advisable

Ram Prakash Gautam

Ram Prakash Gautam (Querist)
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16 June 2010 thanx bhumika jee

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