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punching entry in Tally

DIPAK AGARWAL (Service) (554 Points)

26 February 2009

How can we do punching entry in Tally - 9 in case of payment & receipt

say Like i want to enter following entry in payment mode F5

Legal & prof. fee A/c Dr. 5000

To Bank 4500

To TDS on prof. fee 500

means to say whether that can be possible vide single entry?

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5 Replies

C.A. M.Com. Suhas A. Nagpure (CA) (1175 Points)
Replied 26 February 2009

Dear Dipak,

The above entry is purely of payment as you are paying the Professional fees after deducting TDS.

The same entry is possible in Tally 9.

achal agarwal (Tally Authorised Partner) (177 Points)
Replied 26 February 2009

DEar sir

the transaction that you have mentioned can be posted in tally but not in single entry mode. you will have to disable the single entry mode . to do so. in payment voucher entry mode press f12 and say no to single entry mode.

this shou;d resolve your problem.

Originally posted by :DIPAK AGARWAL

How can we do punching entry in Tally - 9 in case of payment & receipt
say Like i want to enter following entry in payment mode F5
Legal & prof. fee A/c Dr.     5000
To Bank                                 4500
To TDS on prof. fee                500
means to say whether that can be possible vide single entry?

DIPAK AGARWAL (Service) (554 Points)
Replied 27 February 2009

Originally posted by :achal agarwal
"	DEar sir the transaction that you have mentioned can be posted in tally but not in single entry mode. you will have to disable the single entry mode . to do so. in payment voucher entry mode press f12 and say no to single entry mode. this shou;d resolve your problem. Originally posted by :DIPAK AGARWAL " How can we do punching entry in Tally - 9 in case of payment & receipt say Like i want to enter following entry in payment mode F5 Legal & prof. fee A/c Dr. 5000 To Bank 4500 To TDS on prof. fee 500 means to say whether that can be possible vide single entry? "	"

Thank you. It works.

CA SUDIPTA SINHA (Commerce Coaching- Accounts Cost FM) (735 Points)
Replied 27 February 2009

yes....achal agarwal is right but it can be done in the single entry mode also. in payment voucher go to single entry mode...then in 'Account' select 'cash/bank'. then in 'particulars' select the 'legal and professional fee a/c' amount Rs. 5000 and 'TDS on professional fee a/c' amount Rs. (-)500. it will have the same impact as in the case of doub;le entry..