Is it possible to get the Receipts and Payments account from Tally but without Debtors and Creditors?
instead of Debtors and Creditors, it shall show the actual Revenue or Expense ledger for which the amount has been received or paid.
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Replies (2)
Receipt or payments vouchers don't have debtors or creditors in it.
The debtors who paid cash to you and cleared their accounts
The creditor who you owe, cleared him by making a payment.
Theae vouchers show inflow and outflow of cash without accruals
Yes it is possible. you have to book income ledger against receipts and expenditure ledger against payments. its called accounts on case basis. this method is often used by professionals like doctors etc.
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