Partial Payment Entry in Tally

Entry for the month of Jan
.
Furniture A/c...Dr......2,00,000
To, Bank A/c..............................................1,00,000
To, Creditor for Capital Goods A/c.........1,00,000
.
Entry for the month of Mar
.
Creditor for Capital Goods A/c....Dr....1,00,000
To Bank A/c............................................................1,00,000

Thank you Deepak.

So the first entry should be in payment voucher and second one will be in journal.

In the same way if we paid salary in partial payment to the consultant in such case. what entry should be passed?

Eg:

Total salary payable for 3 months is 60000.
 i.e. for oct, nov, dec.

If i paid 10000 in the month of jan

25000 in the month of feb

25000 in the month of mar.

How the above entry passed?

In Jan

Furniture A/c                              Dr.                    100

To Cash                                                                             50

To Party's Name                                                               50

OR

Furniture                                  Dr.                       100

To party's Name                                                             100

Party's Name                          Dr.                       50

 To Cash                                                                              50

 in March

Pary's Name                           Dr.                       50

To Cash                                                                              50

If you want to split the first entry, then pass

Furniture A/c....Dr....1,00,000
To Bank......................................1,00,000....(in payment mode)

and Furniture A/c.....Dr....1,00,000
To Creditor for Capital Goods.........1,00,000....(in journal mode)

otherwise pass combined entry in payment mode as mentined above.

Now, for your salary query

Assuming that you are paying to a consultant for his consultancy who is not your employee.

Professional Fees A/c.........Dr
To Professional Fees Payable
To TDS Payable (Since consultancy fees attracts TDS above 30,000)

Payment Entry

Professional Fees Payable A/c.......Dr
To Bank A/c
(after deducting TDS)

Eg: Professional Fees=100, TDS=10, Fee paid=90

Hi Deepak,

Thank you. i got it.