Lesson-24 Rejections In (Sales Return)

Rejections In Voucher (Sales Returns)

A Rejections In Voucher is used to record goods that are rejected and returned by the customer.

To enter the Rejections In Voucher,

1.      From F11: Inventory Features, Enable the option Use Rejection Inward / outward Notes.

2.      Go to Gateway of Tally > Inventory Vouchers

3.      Press Ctrl+F6 or select the button F6: Rej. In from the Button Bar

For example, Customer A returns Item A delivered by the company.

Lesson-23 Delivery Note

Delivery Note Voucher

The Delivery Note Voucher is used for recording goods delivered to a customer.

To pass the Delivery Note voucher,

1.   From F11: Inventory Features, Enable the option Use Tracking Numbers (Delivery / Receipt Notes).

2.      Go to Gateway of Tally > Inventory Vouchers

3.      Press Alt+F8 or select the button F8: Dely Note from the button bar.

Under F12: Configure (Delivery Note Configuration) set Accept Supplementary Details to Yes. 

Lesson-22 Receipt Note (GRN)

Receipt Note Voucher (GRN)

 

This voucher type is used for recording goods received from the supplier.

To enter the Receipt Note Voucher,

1.   From F11: Inventory Features, Enable the option Use Tracking Numbers (Delivery / Receipt Notes).

2.      Go to Gateway of Tally > Inventory Vouchers

3.      Press the button Alt+F9 or Select the button F9: Rcpt Note from the button bar.

Under F12: Configure (Receipt Note Configuration) set the option Accept Supplementary Details to Yes.

Lesson-21 Creating Journal Vouchers

Journal Entry

Journal Vouchers are used to adjust the debit and credit amounts without involving the cash or bank accounts. Hence, they are referred to as adjustment entries.

Creating a Journal Entry

Journal entries are usually used for finalization of accounts.

To pass a Journal Voucher,

Go to Gateway of Tally > Accounting Vouchers

·         Click on F7: Journal on the Button Bar or press F7.

For example, there may be entries made for interest accrued or interest due. If you have to receive Interest from a party, the same can be entered using Journal Voucher.

1.      Debit the Party

2.      Credit the Interest Receivable Account

The Journal entry is displayed as shown:

Lesson-20 Inventory Vouchers Configuration

Inventory Vouchers

Inventory Vouchers perform the function in the inventory system that accounting vouchers do in the accounting system. Inventory Vouchers are also means of entering transactions. Accounting vouchers will update only Accounts, but Inventory vouchers will update both Accounts and Inventory. Inventory vouchers record the receipt and issue of goods/stock (Movement of goods), the transfer of stock between locations and physical stock adjustments.

If you have not integrated accounts with inventory, inventory vouchers will not have any impact on the Balance Sheet stock figures. The stock balances will be maintained separately.

Set the option Integrate Accounts and Inventory to Yes in F11: Features: F1: Accounting Features/Inventory Features.