Partners salary- in tally erp 9

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Query on accounting partner salary in Tally ERP 9. Advised to record via P&L Appropriation account, debit remuneration and credit partner capital account, then pay via cash or bank. Separate ledgers needed for proper presentation.

RAJANEESH V R

RAJANEESH V R (Querist)
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12 August 2017 Sir,
How we will account Partners salary in tally....under which head? which ledger or groups are require for it....please guide me

Shashikant

Shashikant (Expert)
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12 August 2017 Go to gateway of tally, then account info, group, create, write p&l appropriation, under PRIMARY, nature of group expenses set all other options as NO. now while doing entry create account MR X (Remuneration) under above group on debit side similarly for credit part of entry create MR X remun. under MR X capital account and credit it. this is needed to be done using journal voucher.

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Shashikant

Shashikant (Expert)
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12 August 2017 please note the difference between spelling of remuneration, you need to make two ledger so use two spelling. one is to be made under p&l appr and other in capital account of respective partner. I have told you how to create p&l appr account. once created you can see this account in P&L BELOW the. indirect expenses, above the net profit. hope this helps

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RAJANEESH V R

RAJANEESH V R (Querist)
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12 August 2017 Sir,
is there is entry like following:
SALARY TO PARTNER
TO, CASH

Shashikant

Shashikant (Expert)
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12 August 2017 p&l appropriation (remuneration) debit To partners capital-remuneration a/c and then partners capital- remuneration a/c debit to cash/bank this is a proper way in either case create p&l appropriation a/c for better presentation for remuneration, interest and profit distribution

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