Accounting

Your query is not clear. Kindly brief about the same.

You can reach me at : ruchasom @ gmail.com

Thanx for the reply.

My client is a Society which is running a school in Ghaziabad. They maintain there accounts in Tally. This year when i start auditing there accounts, i noticed that that the reciepts and payments accounts which is generated automatically in Tally is not tallying, there is differnce in total of Reciepts and payments which generally used to tally. 

Here my querry is can it be possible that there is totalling difference in recipts and Payments accounts in tally? if yes, then what can be probable reasons for the same. 

your question is not clear..reciepts side and payment sidees are not matching means possibilities are 

1. some figures are incorrect

2.some transactions are missing

The Receipts and Payments Account in Tally.ERP 9 displays the information based on the default primary groups. It is updated instantly with every cash/bank transaction/voucher that is entered and saved. No special processing is required to produce a Receipts and Payments Account in Tally.ERP 9.

Thats is what my is query what can be the reasons for its not tallying

Originally posted by : CA Shruti kuchhal
	Thanx for the reply. My client is a Society which is running a school in Ghaziabad. They maintain there accounts in Tally. This year when i start auditing there accounts, i noticed that that the reciepts and payments accounts which is generated automatically in Tally is not tallying, there is differnce in total of Reciepts and payments which generally used to tally.  Here my querry is can it be possible that there is totalling difference in recipts and Payments accounts in tally? if yes, then what can be probable reasons for the same.

Hello.

Receipts and payments account generated in tally is not reliable. Because in case you have compound entry like,

Expense Dr. 1,000

To Bank 900

To TDS payable 100

Then, this is reflected as 1,000 in payments side and 100 in receipts side whereas only 900 should be shown in payments side.

So, you cannot confirm the auto generated receipts and payments account. You'll need to make manually.