HOW TO SHOW ENTRY IN BALANCE SHEET
This query is : Resolved
27 April 2023
IF WE HAVE A PROPERIETORSHIP FIRM IN THREE DIFFERENT STATE LIKE PANCHKULA, DELHI AND GUJRAT, ON A SAME PAN AND WE HAVE OPENED BANK ACCOUNT FOR ALL TRANSACTION IN PANCHKULA STATE AND PAY ALL THE EXPENSES OF ALL THREE STATE FROM THE SAME BANK THEN HOW CAN WE SHOW THE EXPENSE PAYMENT IN OTHER TWO STATE IN TALLY PRIME.
As of now I am doing following entry
For example I am paying the exp. of gujrat. then
first In PKL
payment voucher
Dr. Gujrat (loan and advance)
cr. bank
second In gujrat
Pass journal voucher
Dr. expense
cr. PKL (unsecured loan)
When i am passing these type of entry then in the balance sheet both balances show in both state in their tally data.
How should we make it clear from balance sheet in tally data?
As of now I am doing following entry
For example I am paying the exp. of gujrat. then
first In PKL
payment voucher
Dr. Gujrat (loan and advance)
cr. bank
second In gujrat
Pass journal voucher
Dr. expense
cr. PKL (unsecured loan)
When i am passing these type of entry then in the balance sheet both balances show in both state in their tally data.
How should we make it clear from balance sheet in tally data?
27 April 2023
It depends on if you need branch-wise accounts or single set would be enough.
If you need branch-wise then use 'Branch Account' and 'Head office account' as it appears you are using.
If you need one tally company for all branches then you may use cost categories or cost centres to bifurcate expenses among branches. Or simply, you can set account names followed by place names to separate accounts, e.g., "Salary - Delhi", "Salary - Gujarat".
If you need branch-wise then use 'Branch Account' and 'Head office account' as it appears you are using.
If you need one tally company for all branches then you may use cost categories or cost centres to bifurcate expenses among branches. Or simply, you can set account names followed by place names to separate accounts, e.g., "Salary - Delhi", "Salary - Gujarat".
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