About credit note



1
In the chapter Credit note and contra vouchers ... there is no any discussion about credit notes ..... let me know how to enter credit notes in tally

7 Answer(s)


1

First of all enable the feature of debit/credit note from F11. Then in accounting voucher press Cntl+F8 to record credit note in tally.

0

F11 & then Cntrl+F8

1

I would just like to add one more thing to Manish's excellent answer. if your business makes inventory allocations (or in other words inventory accounting entries) at the same time as generating/receiving Sales Invoice/Purchase Invoice respectively, then you only need to enable 'Use Debit/Credit Notes' from F11 feature. Also you need to set YES to 'Inventory Values Are Affected' in both Purchase and Sales ledgers.

But if your business tracks the inventory separately (or in other words makes inventory allocations/entries separately) from the accounting allocations then you should additionally enable 'Use Tracking Numbers' option in F11. In this case you will have to 'Use Rejections Inwards/Rejections Outwards Notes' and will have to enable that option also in F11 right under 'Use Tracking Numbers' option.

Hope that helps. In case you need further clarification let me know.

0

A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer's account.
A credit note is issued in various situations to correct a mistake, such as when (1) an invoice amount is overstated, (2) correct discount rate is not applied, (3) goods spoil within guaranty period, or (4) they do not meet the buyer's specifications and are returned. Also called credit memo.

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plz say every short cut entry in tally

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what is entry cash withdrawal and deposited

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what is entry cash withdrawal and deposited

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