Tally entries suspense & journal - receipt generation

Ravishankar K (Accountant) (461 Points)

01 January 2013  

Dear Friends,

While generating receipt in tally i usually enter in tally and directly take the printout, but during receiving NEFT transfers the person / student who did neft transfer did not intimate to us that he has done neft transfer so after waiting for 5-10 days when i did not get any information i passed one receipt entry as

Bank ac dr    20000
suspense ac  cr 20000
    

now when the student informed that he has paid the fees i did passed one journal entry as:

suspense ac dr 20000
abc course ac cr 20000

now in usualcases i enter bank receipt and generate the receipt in tally itself
like
bank ac dr 20000
abc course ac cr 20000
so the candidate receives the receipt then and there itself,

in this scenario how can i give a reciept because the bank receipt is for suspense ac only and does not contain the candidate name.

And journal voucher is passed for transferring the amount from suspense ac to course fees ac

Do i need to generate manual receipt or what should be my procedure in tally so that the amount booked in suspense ac while transferring to course ac with student name can be also formed to generate a receipt.

Please guide me

REgards,

Ravi