someone plz helps, I maintain a personal a/c in exel by separates sheet, and i want to mantain in tally. but having problems to grouping those heads, i have 2 type of exp i) revenue items exp, ii) non revenue like personal exp, all exp made by cash, and with cost catagory and cost centre how those entries should treat in tally ? how to grouping those heads ? how to capitalised my net profit in tally? plz help me on these topics....
Menu
problem to maintain a/c in tally
Replies (1)
| Originally posted by :sudip mondal | ||
| " | someone plz helps, I maintain a personal a/c in exel by separates sheet, and i want to mantain in tally. but having problems to grouping those heads, i have 2 type of exp i) revenue items exp, ii) non revenue like personal exp, all exp made by cash, and with cost catagory and cost centre how those entries should treat in tally ? how to grouping those heads ? how to capitalised my net profit in tally? plz help me on these topics.... | " |
Tally provide for grouping of accounts and cost centre feature. First open an group say Receivable then open an account as sub group of receivable. Activate cost centre feature and create cost centre required.
For capitalisation of P/L. Transfer all ending balances of revenue and expenses to P/L and then transfer the profit or loss to capital account.
Hope this will help you. Thanks
Recent Topic
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
- Cancelled invoice entry
Related Topics
CAclubindia
