Bank reconciliations

I have Paid my rent cheque of rs 5000 on 31-3-2012 and shown as rent paid in my books of Accounts ......  and shown as no Liability

But now the questions is in Tally when i pass the entry my bank balance reduces ..... but the Cheque would come only after 1-4-2012   which is the Next Financial year for Accounting

 

How should i pass the entry  in Tally .......

Please help

Thanks

Abbas

 

 

Replies (4)

 

Pass normal bank entry as on 31-03-2012. Update your Bank Statement. For getting the reconciliation window press F5 key in the your Bank A/c Ledger. Put the date of the cheque clearing date in the reconciliation.
 
 
Regards,
Devendra Kulkarni

The date of the entry of teh cheque in your books, will be considered as the date of payment made by you in your books.  However the same wud get reflected in the reconciliation for Mar.  In the subsequent month when you perform the reconciliation for Apr the same would have got cleared in teh bank statemetn & would not be there in the the reconciliation.

Press F5 in Tally and Made Simple Payment Entry on 31.03.2012

Rent A/c- Dr 5000

    To Bank A/c- Cr 5000

your Bank Balance will be reduced by 5000 but in Bank Statement this figure will not show. this Amount will show in Reconciliatin. 

 

 

Pass normal bank entry as on 31-03-2012. Update your Bank Statement. For getting the reconciliation window press F5 key in the your Bank A/c Ledger. Put the date of the cheque clearing date in the reconciliation.

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