Tally entries

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63 Points Posted on 17 October 2020

Cash withdrawn from bank. (in manual paper voucher made in receipt mentioned as cash withdrawal from bank). Cash deposited in bank. ( manual Paper payment voucher mentioned as deposited in bank).  Is this procedure is correct ? Our old accountant done like this. Then what is the correct procedure for manual paper voucher for cash deposit n withdrawal from bank. Pls guide me regarding this sir.

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On 17 October 2020 at 18:40 Report
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This discussion addresses the correct procedure for recording cash withdrawals and deposits using manual paper vouchers in Tally. The current method of using receipt and payment vouchers is questioned, with the suggestion that these are contra entries. Participants recommend using Tally's F4 function (contra entry) and processing these transactions directly through the bank statement for accuracy.

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3924 Points Posted on 17 October 2020
All such type entries are contra entries. In Tally use F3 function . Make all entries through Bank statement .
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On 17 October 2020 at 22:53
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118 Points Posted on 24 October 2020
@ prasad u mean F4... in tally for contra
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On 24 October 2020 at 20:23

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