In this lecture you will learn how to create receipts and payments in Tally Accounting software.
to check All the All the receivable and Payable go to “Reports‘ then click on Display > statements of Accounts then click on outstanding here you will see both receivable and payable .
As you click on receivable complete list of receivable will open.
Now how to Receive money from your customer to whom you have make sale on credit base.
go to accounting voucher and from the right side bar select Receipts provide your bank A/c from the list ledger in particular option select your customer from the list then put the receivable money in the Amount option.
in the narration give the CHEQUE number .
To Make Payments to your supplier, check the balance in the Bank A/c .
Payment to supplier is in the same way like receiving of money from your customer .
Go to Accounting voucher in the right side bar click on Payments .
Again Go to Accounting voucher. from the new list of ledger select Payments .
In the Accounts Select Your Bank Account .
In particular select your supplier in Particular select the customer and put the said amount in the amount option.if you want to make not the total amount you want to pay.