Payment

Payment voucher is used to record all bank and cash payments.

There are two types of paymentvoucher can be prepared for control purpose as follows: – 

•  Payment Voucher: – These vouchers are used only in case of cash payment. 

•  Payment Voucher: These vouchers are used when the payment is made through bankers of business firm.

Gateway of Tally —–> Vouchers —–> Payment (F5)

Note: – For Bill wise entry do the following settings using F12 (Configure) Button.

Press F12 (configuration)

Show more configuration —–> Yes

• Use Single entry mode for payment voucher —— > Yes
• Show list of Bills for selection ——> Yes
• Show final balance for each Bill ——> Yes
• Show Bill-wise details ——> Yes
• Show Bill-wise details in multiple lines ——-> Yes
• Show inventory details ——> Yes
• Preallocate Bills for Payment/Receipt Voucher/Journal Vouchers —– > Yes

Method of Adjustments: –

To know the reaming amount payable for particular party, check below report

• Display Payable Report

Gateway of Tally—–> Display —–> Statements of accountant ——> Outstanding —–> Payable

Do the following Payment entry bill by bill as given below.