Dear Sir / Madam,
I the undersigned is working with a Pvt. Ltd. Company in Pune. We are using Tally.ERP 9 Software. Our Management needs Sales Figures of July 2017 which I have already submitted. Further, they need collection in the month of July 2017 against only the Bills raised between 01st July to 31st July that too partywise. How to arrive at this outstanding figure.
Awaiting Response.
Thanks & Regards,
Mihir Joglekar
Cell No: +91 97638 00993
If you don't have the bill-wise detail of collection, use FIFO basis, like in inventory valuation, i.e. the closing balance of receivables would be related to the latest bills raised. Then, remaining bills of July are assumed to have been collected.
N J Suresh & Associates
Bengaluru
CA Inter
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