Originally posted by : malarvannan
For example. If i give advance payment to supplier(s1) for particular job.
As per my knowledge i update the payment entry in tally -5 lacs. But it will not reflected in accounts receivable in tally
To reflect the transaction in accounts receivable.
> Maintain balance bill by bill during ledger creation.
> Select "Advance" under "Method of Adj." for advance payment entry.
> To settle bills/payments against advances, select "Agst Ref" and tag the advance entry.
> Correct net balance (receivable/payable) will be reflected.