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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2013 dear sir/madam,
how to enter the visa card transactions in tally
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 November 2013 like any other expense/asset. If the payment if through a credit card, then create a current liability and debit the expense/asset head.

If it is an income, then create a receivable position from the concerned POS bank and credit the sales.
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Ajay Mishra

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Ajay Mishra (Expert)
10 November 2013 Agree with expert.

It is an expenditure for the company and will be treated as same as you treat other expenses. The difference is that the payment of such expenses is different.
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