- #Sales entry in tally erp 9 how to
- #Sales entry in tally erp 9 software
- #Sales entry in tally erp 9 professional
The confusion related to journal entries is high due to lack of basic accounting knowledge and people are unsure about the classification of journal entrie s as there is no hard rules and journal entries very much depends on the nature of a transaction itself and the business activities being carried out.
#Sales entry in tally erp 9 how to
PRO-TIP The short command in Tally.ERP 9 to post Journal Entry is F7.Īccounting people easily confused about how to do Journal Entry in Tally.ERP 9. I am sure this will give you a clear insight of what is a journal Entry.
#Sales entry in tally erp 9 software
and Receipt etc separately in the specially created voucher types for that purpose in the software and all financial transactions which can’t be posted through the above voucher types we post them through a Journal Voucher!īut the key point to remember that in Accounting all Business Transactions is a journal voucher/a journal entry by its original nature!. So we use designated special vouchers types in the ERP Software to post the transactions like Sales, Purchase, Payment. This entry can be passed in the journal voucher in any software but if every business transactions which are a kind of a journal entry itself if we post just in a journal voucher then why we need such costly ERP software ? Why not use an excel sheet or use only a software which allowed us just to one voucher type called Journal ? In the same way, A purchase transactions can be journalized in the accounting in the below sense
![sales entry in tally erp 9 sales entry in tally erp 9](https://dailytally.in/wp-content/uploads/2017/09/Purchases-and-Sales-Entry-with-GST-in-Tally-ERP-9.jpg)
Journal entry means journalising or recording a transaction.īut since in an ERP software like Tally.ERP 9 for simplicity and better management we will pass the above entry in a specific Voucher type like Sales Voucher (F8) as it help us to maintain Inventory, auto calculation of duty so posting a Sales voucher through a journal voucher is not a wise idea!
![sales entry in tally erp 9 sales entry in tally erp 9](https://tallygame.com/wp-content/uploads/2015/11/journal-entry-for-expense-booking.jpg)
When there is a sale is made in a business unit, Here is a practical example of a journal entry (Remember All type of transactions are the journal transactions in Accountancy ) So, let’s forget about the Voucher type of Journal and think about a journal entry purely from the accounting viewpoint. So, If you guys really wish to understand the Journal Entry then for a moment, please don’t think a journal Entry with relation to Tally.ERP 9’s Journal Voucher (F7) ? All ERP solutions will have their own special type of vouchers to record Sales, purchase payment receipt and journal separately.īut when you purely look at the concept of a journal entry it is something different. The same rule applies to any ERP Solution. Want to Learn TDL and why you should learn TDL?īut in an ERP Software like Tally.ERP 9, for a systematic maintenance of records, there is always different types of vouchers are being created. a Sales or a purchases bank or what every transaction in business is a kind of a journal entry where one account is debited and another account is debited.
![sales entry in tally erp 9 sales entry in tally erp 9](https://tallygame.com/wp-content/uploads/2015/11/transfer-entries.jpg)
Purely thinking from the accounting viewpoint then almost any type of voucher e.g. Again a payment or a receipt entry also can be posted in a journal voucher and that is why the question of journal entry comes, most people feels confusion here. Which account needs to be debit and which account needs to be credited is a matter of Accounting principles. Typically a journal entry refers to a financial transaction where one account is being debited and another account is being credited. What are ledgers involved in a journal entry.Once you go through the pass you can will understand how the journal entry quite well.
#Sales entry in tally erp 9 professional
That is because of lack of knowledge of accounting rules and lack of a guidance from a professional and experienced mentorīefore I teach you how to pass a journal entry in Tally.ERP 9, It should be better to know the steps which are needed to understand. Journal entry in Tally.ERP 9 is one of the simplest things which one can do without any serious efforts if the person knows a little bit of basic rules of accounting Though most of the people feeling unnecessary confusion in Journal Entry itself.