company reconcilation in tally

This query is : Resolved

vijaykumar (Querist)
Follow

08 August 2008 sir,
in tally bank reconcilation is a one of the useful feature.in this way company reconcilation is also avialable or not if yes procedure tell me

CA Naveen Kumar Agrawal

CA Naveen Kumar Agrawal (Expert)
Follow

09 August 2008 I dont Kno the exact Feature of Tally u r talkin abt. I can suggest u a alternative way for the same.

Open following two a/cs:
1. "Cheque Issued but not yet Presented" (under the "Sundry Creditors" Group)
2. "Cheques deposited but not yet cleared" (under the "Sundry Debtors" Group)

Now make the Following Entries at the year end (as per requirement)

1. Bank A/c ...........................Dr.
..........To Cheques Issued but not yet Presented

2. Cheques deposited but not yet cleared Dr.
.............To Bank A/c

CA Naveen Kumar Agrawal

CA Naveen Kumar Agrawal (Expert)
Follow

09 August 2008 In the next F.Y. whn all the cheques will be cleared/paid reverse entry shall be passed in the journal.

1. Cheques Issued but not yet Presented Dr.
............ To Bank A/c

2. Bank A/c......................Dr.
.......To Cheques deposited but not yet cleared

Message likes : 1 times

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

09 October 2009 Company reconciliation is a manual feeture you can not find any feeture in any software.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

George Innocent

SUBHASH SAHA

Narendra

Krishnaveni karur

KRK

Subscribe Now

company reconcilation in tally

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

CA Final