Any one help me about the following.
Sir
There is a NBFC company recently incorporated, opened some branches.
there are some expenses at branch like travelling , commission , etc..... there are huge number of transactions in a day for each head. However there is a seprate software at respective branches.The Branches are sending daily summary and vouchers and bills (if any) to the head office related to the transactions affected at branch.
whereas head office maintains accounts in Tally Software.
My Query is Can i Club all the one head expenses(example travelling) in a day at each branch and pass only one entry instead of number of payments in tally
for expample:
Travelling expenses paid on 30.01.12
Mr.X Rs.200 Mr.Y.Rs.500, Mr.Z.Rs.800.
can i pass one entry i.e. Debit the Travelling Expenses Rs. 1500/- and Credit the Cash account with Rs.1500/-
CAclubindia
