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Tally implementation

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Harshit Acharya

296 Points Posted on 18 June 2020

I want aging analysis in my tally.
We can generate aging analysis directly but the mistake I have done is that when I had entered sales invoice and when amount was received against it , due to mis match in amount of sale invoice and amount which I received .I had to enter "on account " receipt of amount.
Is there a method where through FIFO method irrespective of selection of" ON ACCOUNT "...AGING ANALYSIS SHOULD APPEAR CORRECTLY.

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Quick Summary

This discussion addresses a common problem in Tally where 'on account' receipts, entered due to discrepancies between sales invoices and payments received, lead to inaccurate aging analysis. The user is seeking a method to ensure correct aging reports, ideally using the FIFO (First-In, First-Out) principle, even when 'on account' entries are necessary. They are looking for solutions to overcome the limitations encountered and achieve reliable aging analysis.