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How to clear suspense in tally

Accounting Entries 8810 views 8 replies

hello sir...

my querry is... i m entering an individual doctors entry in tally.

i have taken all entries from his all BANK PASS BOOKS of different banks.

now i have many Suspense accounts are there in receipts and payment entries.

like

Suspense A/c Dr.

To Bank A/c

and

Bank A/c Dr. 

To. Suspense A/c

i have also matched some bills and receipts and cleared respected SUSPENSES but still many are left....

What to do Plz help 

Replies (8)

Suspense created with bank a/c can b set off by tracing the entries na...

 

trace all entries if u still hv many left...!!

Sir bank passbook doesnot hv any info.... just codes are there like "ecs68578895788pmt67" or "cash pres chq" etc.
Sir bank passbook doesnot hv any info.... just codes are there like "ecs68578895788pmt67" or "cash pres chq" etc.

this bank code means ecs payment made throght bank account like insurance, loan, mobile bill or electricty bill payment

you just ask your client what type of pyament is made through ecs or vice versa only then your suspense account will be cleared...

If your client does not have information about the nature of payment, then tell him to make request to bank for providing name of party to whom payment is made. If branch maintain the record, you client will get detail from branch only, but if not then branch will forward client request to HO and then HO will provide detail information. This will take 2 to 3 week. 

you have to find the source of suspense account to clear it 

you should ask to your client for various cheque books and then see the counter of these cheque books , to whom these cheques issued and you can also capture few EMIs through various Loan statements etc......or else verble ask to client to clear such entries in suspense....


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