How to route conveyance through employee account

Save Share

This query is : Resolved

Arun Jain (Querist)

05 March 2012 Hello Everybody

I am working in a Pvt. Ltd. company. and we are using TALLY ERP-9. My query is that we pay to employee in many ways like salary(All component included) , conveyance (not salary components- its reimbursement apart from salary), Telephone Expenses reimbursement, reimbursement of expenese borne on behalf of company ( usually paid with employee credit card like ticket booking etc) and advance.
for eg. i paid rs. 1000 to employee A against his expenses made for company. i will simply enter it as Expenses A/c dr to bank/cash A/c.(only in narration i wil mention employee name)
but in the month end if i want to find out for each employee how much we paid whatever nature it is ( riembursement or salary advance or conveyance) how i can route it through a single ledger bearing employee name.

Please let me know.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

12 May 2012 You can open a separate account "Mr. XYZ - Reimbursement"

Then route entries through respective reimbursement accounts of employees.

Expense A/c Dr
To Mr. XYZ - Reimbursement

Mr. XYZ - Reimbursement A/c Dr
To Cash /Bank

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