Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Tally Report

560 views

Save Share

Shiraz Ahmad

47 Points Posted on 04 July 2023

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.

Replies (2)

Quick Summary

This discussion explores how to generate a Receipts and Payments account in Tally that excludes debtors and creditors. Instead, it focuses on showing the specific revenue or expense ledger associated with each transaction. This cash-basis accounting method, often used by professionals like doctors, highlights the actual inflow and outflow of cash without considering accruals.

Yasaswi Gomes new

Finance

3328 Points Posted on 04 July 2023

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

Yogin

Assistant Manager

68 Points Posted on 04 July 2023

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.