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Third party entry

pravin (assistant manager) (28 Points)

30 May 2019

SIR,

We received coustmers payment through paytm and paytm charges comission i do not understand how to make entries of receipt and journal in tally Erp -9

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6 Replies

Srinivas Ch (Sr.Accountant) (365 Points)
Replied 30 May 2019

1. Bank account Dr.
To, Sales account
(Invoice amount)

2. Bank charges account Dr
To, Bank account
(paytm commision amount)

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 30 May 2019

you can create a Pay TM account in tally if there are number if transaction going through paytm. post the below entry

Paytm. Dr
Bank Charges Dr
To Customer.

When money is transferred to bank from paytm post the below entry

Bank. Dr
To Paytm

Srinivas Ch (Sr.Accountant) (365 Points)
Replied 30 May 2019

second one wrong entry @ giridhar

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 30 May 2019

pls explain

NEW PUNE PUBLIC SCHOOL (2 Points)
Replied 11 January 2023

We have make the payment of our party from our sister concern firm & how to show in main firm in tally

Yasaswi Gomes new (Finance ) (4469 Points)
Replied 12 January 2023

There is a vjdeo which Inposted on my account related to this. You have to create a company and when the company discounts your sales, you jave record it in the comoany accounts. Watch it.