anil kumar (Study) 29 May 2011
PASS THIS JV, WHEN SALARY BECOMES DUE :
SALARY A/C DR
TO SALARIES PAYABLE A/C
WHEN THE OUTSTANDING SALARY IS PAID :
SALARIES PAYABLE A/C DR
TO CASH / BANK A/C
CREATE SALARIES PAYABLE LEDGER A/C UNDER CURRENT LIABILITES
sujeet kumar (accountant) 30 May 2011
HELLO EVERY BODY
PLEASE TELL ME ANY ONE THAT
WHAT WILL BE ENTRY IN TALLY ERP 9 OF
SALARY PAID TO STAFF IF COMPANY IS GIVING EPF ANS ESIC ALSO
I MEAN TO SAY COMPANY HAS PAID 150000 SALARY TO STAFF AND 18000 EPF AND 6000 ESI
THAN WHAT WILL BE ENTRY IN TALLY
PLEASE TELL ME
piyush Kumar Gupta (Accounting / Taxation Consutancy) 30 May 2011
When become due : use F7 to enter into journal mode ( due date means mostly last day of the month)
Dr. Gross Salary Group it under Indirect Expenses 100000
Cr. Deductions : Like 30000
EPF - Contribution of employee (Group it under duties & Taxes)
Income Tax- (Group it under duties & Taxes)
Professional Tax. (Group it under duties & Taxes)
Salary Advance (Group it under Loans & Advances (Assets) )
Cr. Salary Payable ( Group it under Provisions or current Liabilities) 70000
When paid :
Dr. Salary Payable 70000
Cr. Cash / Bank 70000
suraj singh chauhan (Accountant) 31 May 2011
But I found a solution given below for salary due.
in this these idividual a/c are opened under loan & advance.
they make cost centre under primery group for each employee also.
And when salary pd on next month on 1.5.09 they pass the entry as
salary exp. dr.
rahul bhatt 2400
jairam sain gupta 2100
shishir mathur 1500
ajit v nair 900 6900
To icici bank a/c 6900
so answer me that above entry for salary due is correct or not.
sujeet kumar (accountant) 01 June 2011
HELLO EVERY ONE
I NEED HELP IN TALLY ERP 9
I HAVE A NEW COMPANY
AND IT HAS BEEN OPEN IN FINAC. YEAR 2010 -2011
1 . MAY I CREATE COMPANY IN PREV. FINANC. YEAR AND CAN TRANSFER DATA IN CURRENT YEAR
2. CAN I MAKE PAYMENT TO SUPPLIER WITHOUT ANY FUND IN COMPANY . AND AS FUND COME I WILL MAKE ENTRY IN TALLY ,
PLEASE GUIDE ME
RIGHT NOW I HAVE CREATE COMPANY IN PREV. YEAR AND TAKING ENTRY ONLY PAYMENT TO SUPPLIER
EVEN I DONT HAVE BALANCE IN BANK BANK IS SHOWING NEGATIVE IS THIS ENTRY CORRECT ...
OR I CAN DEPOSITED CASH AND CHQ. IN SAME BANK TIME TO TIME...
Gajjala Satheesh (Accounts Officer) 08 June 2011