03 tally erp9 interest bank creditors debtors

Tally Tips & TricksLesson:- Interest

CalculationBank / Creditors / Debtors

Tally Tips & TricksLesson:- Interest

CalculationConfiguring Bank Account

Under Group Bank OD Account

Let us see the possibilities how ?

ConfigureMake entries

View

Lesson:- Interest CalculationGateway of Tally-> Press F 11 Function Key-> Company Features->

Select Accounting Features-> “Yes” to Interest Calculation-> “Yes” to use Advanced Parameters …

Accept “Yes” to Close..

Master Mind SolutionsTally Job Oriented Smart Course…Interest Calculation

Tally Tips & TricksLesson:- Interest CalculationConfiguring Bank Account

Under Group Bank OD Account

Let us see the how to get interest calculation reports

View

Lesson:- Interest Calculation :-Bank Gateway of Tally-> Accounts Information ->Ledgers> Create: Ledger Name:- Indian Bank-> Group Under : Bank OD Ac…

“Yes “ to Activate Interest Calculation


Lesson:- Interest Calculation :-Bank .Gateway of Tally-> Accounts Information -> Ledger Name:- Indian Bank-> Group :

Bank OD Ac… “Yes “ to Activate Interest Calculation….Enter to next Window “Interest Style”..

Rate Colum 12%....Next Interest Style 365 Day Year…Get to Next.


Lesson:- Interest Calculation :-Bank .Gateway of Tally-> Accounts Information -> Ledger:- Indian Bank-> Group : Bank OD

Ac… “Yes “ to Activate Interest Calculation….Next Window “ Interest Balance” Select

Credit Balances Only ..Get to Next.


Lesson:- Interest Calculation :-Bank.Gateway of Tally-> Accounts Information -> Ledger:- Indian Bank-> Group : Bank OD

Ac… “Yes “ to Activate Interest Calculation….Next Window Select Credit Balances Only ..

Applicable From Date 1- April 2014….Get to Next.


Lesson:- Interest Calculation :-Bank Gateway of Tally-> Accounts Information -> Ledger:- Indian Bank-> Group : Bank OD

Ac… “Yes “ to Activate Interest Calculation….Next Window Select Credit Balances Only ..

Applicable From Date 1- April 2014….End Date 31-March-2014 …Get to Next.


Tally Tips & TricksLesson:- Interest CalculationConfiguring / Party Ledger

Under Group / Sundry Debtors

Let us see the possibilitiesHow : -

ConfigureMake entries

View

Lesson:- Interest Calculation :-Create Party Ledger..

Gateway of Tally-> Accounts Information ->Ledgers> Create Name :- Mr. Clean -> Group Under : Sundry Debtors …

“Yes “ to Activate Interest Calculation…Fill the Parameters…


Lesson:- Interest Calculation :-Create Party Ledger..

Gateway of Tally-> Accounts Information ->Ledgers> Create Name :- Mr. Dharmar -> Group Under : Sundry Creditors…

“Yes “ to Activate Interest Calculation…Fill the Parameters…


Tally Tips & TricksLesson:- Interest Calculation

We have seen how to configureBank/ Debtors/ Creditors Ledgers..

Now Let us see the respective Ready Made Ledger Accounts.

(a)Bank Transaction

Lesson:- Interest Calculation :-Bank Transaction Ledger..

Gateway of Tally-> Display -> Account Books -> Cash & Bank BooksSelect Indian Bank -> Enter Month April 2014 Transaction.Yes You are in Indian Bank April 2014 Ledger Transactions.

NOTE :- LEDGER BALANCES ARE IN CREDIT SIDE ….BANK IN OD AC.



Gateway of Tally-> Display -> Account Books -> Cash & Bank BooksSelect Indian Bank -> Enter Month April 2014 Transaction.

Yes You are in Indian Bank April 2014 Ledger DAILY BALANCE Transactions.NOTE :- LEDGER BALANCES ARE IN CREDIT SIDE ….BANK IN OD AC.



Gateway of Tally-> Display -> Statement of Accounts -> Interest Calculations Select Interest Payable > Select Bank OD Account-> Select Indian Bank.

View:- Interest Payable Rs.5627-68



Gateway of Tally-> Display -> Statement of Accounts -> Interest Calculations Select Interest Payable > Select Bank OD Account-> Select Indian Bank.

View:- Interest Payable Rs.5143.98


Lesson:- Interest Calculation :-Bank Transaction Ledger.. Interest Payable as per Tally Rs.5143.98

Tally will show the interest calculation chart.We have to account the said interest payable amount.

This payment voucher entry shows how to enter the voucher.This amount will display in Indian Bank Ledger.. Get to Next….


Lesson:- Interest Calculation :-Bank Transaction Ledger.. Interest Payable as per Tally Rs.5143.98

Tally will show the interest calculation chart. Indian Bank Ledger shows what you had inserted interest voucher

Get to Next….The End of Bank Interest Calculation





(a)Party Ledger < Sundry Creditors >

Creditors \ Ledger A\c

Lesson:- Interest Calculation :- Sundry Creditors This is Ready Made Ledger :- Ledger Name ->Dharmar-> Sundry Creditors->

Purchase Value Rs.1,40,625-00……..Payments have made as per date …The Interest will calculate from the effective date of purchase value & subsequently

payments were made……The dates in between is account as interest late date. Get to Next….



Ageing Bills Payable. Get to Next….

Creditors \ Ledger A\c



Interest Payable to Dharmar …Rs.1363.87 Get to Next….



Interest Payable to Dharmar …Rs.1364-00Account the Interest Payable :- Journal

Get to Next….





(a)Party Ledger < Sundry Debtors >

Lesson:- Interest Calculation :- Sundry Debtors This is Ready Made Ledger :- Ledger Name ->Mr. Clean -> Sundry Debtors

Sales Value Rs.1,56,000-00……..Receipts have made as per date …The Interest will calculate from the effective date of Sales value & subsequent

receipts were made……The dates in between is account as interest late date. Get to Next….


Lesson:- Interest Calculation :- Sundry Creditors This is Ready Made Ledger :- Ledger Name -> Clean -> Sundry Debtors

Ageing Bills Receivable . Get to Next….


Lesson:- Interest Calculation :- Sundry Debtors This is Ready Made Ledger :- Ledger Name -> Clean -> Sundry Debtors

Interest Receivable From “ Clean “ Rs.854.47 Get to Next….



Interest Payable to Dharmar …Rs.1364-00Account the Interest Payable :- Journal

Get to Next….


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INTEREST CALCULATION IN TALLY ERP9

03 tally erp9 interest bank creditors debtors

Education

indian bank ledger

bank transaction ledger

indian bank group

bank od acyes

tally rs

accounts information

calculation chart

ledger balances