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How to pass salary advance entries in tally???

A/c entries 111480 views 18 replies
Quick Summary
Salary advance is recorded as advance to employees or prepaid salary. On payment, debit advance and credit cash or bank. When salary is due, debit salary and adjust against advance, paying only the balance amount.

There are two options:

1.Either you do the due entry manually, or

2.Buy a Tally Add-on product which would automatically pass the entries.

Suppose xyz hv a salary of Rs.20000.he wants 5000 advance on 25th march then we will make 3 entries. 1. On 25th march - Advance salary a/c....dr. 5000 To bank a/c... 5000 2. On 31st march we will make entry as provision for salary. Salary a/c.......dr. 20000 To prov.for salary a/c... 15000 To advance salary a/c... 5000 3. Suppose salary made on 10th april, then on 10th april we will make entry as Prov.for salary a/c....dr. 15000 To bank a/c... 15000 Am i right???

how to show outstanding in him leder i paased entry

Advance salary a/c 

      to cash a/c

 

But how to outstanding in him ledger

 

 

Go to Gateway of Tally > Accounting Vouchers > F5: Payment. Click N: Nature of Payment > Advance payment under reverse charge to mark the voucher for advance payment. Select the Stock Item (goods enabled for GST) or Ledger Name (services enabled for GST), and enter the Advance Amount.


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