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Which group account be adjusted in ladger a/c for school

brijbihari (teaching) (168 Points)

13 November 2011

Which group account is created be for school purpose in tally i.e. Fees A/C for Journal Entry, Teacher's A/C, Students A/C, Admission Fees Exam Fees

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Rahul Gupta (Chartered Accountant) (644 Points)
Replied 13 November 2011

In tally there are two types of groups in which you have you to open Ledger Accounts i.e.

Under Direct Incomes :

1) Tution Fees Received A/c (For Students purely relates to Tution)

Under Direct Expenses :

1) Teaching Salaries A/c (For Teaching Staff Only)

Under Indirect Incomes :

1) Exam Fees Received A/c (For Exam Fees)

2) Admission Fees Received A/c (For Admission Fees)

3) Students Misc. Receipts A/c (For other receipts from students)

4) Staff Recovery A/c (For any payment charged or recovered from teaching and non teaching staff)

5) Misc. Receipts A/c (For other receipts from any person other than students like sale of Recruitment forms, One time Charges,etc)

Under Indirect Expenses :

1) Non Teaching Salaries A/c (For Non Teaching Staff)

2) Study Material A/c (For any distributin of books, reading material, etc)

3) University / School Examination payments

4) Other Expenses like Postage & Stationery Expenses, Telephone Expenses, Electricity Expenses, etc.

Hope you are satisfied with these treatments, I am already maintaining the books of Computer Institute which is much different from school as it is a franchise and having expenses like Royalty, Business promotion expenses being private entity has to promote business.

brijbihari (teaching) (168 Points)
Replied 24 November 2011

Sir,

This is not supported in tally because Profit & Loss Account would be affected .

Can i do these term:

Fees Account:- Sales Account

Teacher payment :- Purchase account

Admission, Exam fees :- sale A/C

if you r satisfy or consort with senior , please give reply soon

Rahul Gupta (Chartered Accountant) (644 Points)
Replied 25 November 2011

Admission & Exam Fees are always Indirect Incomes and it is appropriate that Direct Incomes will contain only Tution Fees i.e. Regular Fees.

Could you please elaboratre more what problem you are facing. I am using already such type of accounts in Tally and the same was approved by Seniors.

I am unable to understand that how is your P&L affected....

brijbihari (teaching) (168 Points)
Replied 25 November 2011

sir,

problem is this i had entered some entries in journal, but it is not recovered up to date. Now, problem is this your system has be changed P&L Account,,,

Provided in realty P&L account would be same in manually accounting,

Rahul Gupta (Chartered Accountant) (644 Points)
Replied 25 November 2011

I am unable to replicate your problem. There might be problem with your system i.e. Application Software.

Bcoz there will be no effect on presentation at all in Tally if the same work has been done either by my way as i have exaplained above or as per your way under Sales Head.