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Wrong sale entry done in Tally
A sale entry is wrongly done in tally in 2020-21. Tally has been split and a new company for 2021-22 has been formed in tally. If I reverse the sale in 2020-21, then what changes should I make in the opening balance of the newly formed company for 2021-22?
Replies (9)
Change the value of opening debtors in split company
If I do so then will not there be a difference in opening balance in tally???
If you change the sale then you will have to adjust the debtors or bank/cash as the case maybe on the asset side and you will also have to change capital or reserve as the case maybe on the liability side.
Then there won't be any difference
Then there won't be any difference
Yes, agree with zafar
Pass a credit note to the effect .
Sourav
you cannot alter the opening balances like that.
Generally it is passed by passing journal entry.
mind it no changes can be made unless credit note is passed.
manually also you hv to make the same alterations.
Sourav
you cannot alter the opening balances like that.
Generally it is passed by passing journal entry.
mind it no changes can be made unless credit note is passed.
manually also you hv to make the same alterations.
But majority of cleints change opening balances by passing a reverse journal entry
Mark my words
I hv told you the different modes.
I hv told you the different modes.
Ensure the analysis or audits of the books of the previous financial year are complete before splitting the data. Or else delete off the new company and split data again.
https://help.tallysolutions.com/article/Tally.ERP9/Data_Management/DM_Moving_to_Next_Financial_Year.htm
Reverse previous year changes
split data
update reversed sale to desired date.
This will work on the first day of transition
Please pass the credit note entry in 21 _22 . and put the narration why credit entry pass.
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