This discussion clarifies the use of Tally's F5 payment mode, primarily for expenses. It explains that bank transfers, cash deposits, and withdrawals should be handled using the F4 mode. The F5 mode is specifically for recording expenses, including any associated bank charges or TCS amounts.
31 March 2025
whether Entry to be made through f5 Payment mode in tally, if transfer from one bank to another bank in same entity if amount transferred amount , bank charges , and TCS amount also applicable and also on cash withdrawn from bank and TDS amount also applicable.