03 Tally Erp9 Interest Bank Creditors Debtors

Tally Tips & Tricks
Lesson:- Interest Calculation
Bank / Creditors / Debtors
Tally Tips & Tricks
Configuring Bank Account
Under Group Bank OD Account
Let us see the possibilities how ?
Configure
Make entries
View

Master Mind Solutions
Tally Job Oriented Smart Course…Interest Calculation
Gateway 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..

Tally Tips & Tricks
Configuring 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.
“Yes “ to Activate Interest Calculation….Next Window Select Credit Balances Only ..
Applicable From Date 1- April 2014….Get to Next.

Lesson:- Interest Calculation :-Bank
“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 & Tricks
Configuring / Party Ledger
Under Group / Sundry Debtors
Let us see the possibilities
How : -
Configure
Make 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…

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 & Tricks
We have seen how to configure
Bank/ Debtors/ Creditors Ledgers..
Now Let us see the respective Ready Made
Ledger Accounts.
(a) Bank Transaction

Bank Transaction Ledger..
Gateway of Tally-> Display -> Account Books -> Cash & Bank Books
Select 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 Books
Select 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

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….

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

Tally Tips & Tricks
Ledger Accounts.
(a) Party Ledger < Sundry Creditors >

Creditors Ledger Ac
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….

Creditors Ledger Ac
Ageing Bills Payable.
Get to Next….

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

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

Tally Tips & Tricks
Ledger Accounts.
(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….

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….

Tally Job Oriented Smart Course
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INTEREST CALCULATION IN TALLY ERP9

03 Tally Erp9 Interest Bank Creditors Debtors

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