Optimizing Project Finances: A Deep Dive into Job Costing in Tally Prime


What is job Costing?

  • Job costing is an accounting method designed to help you track the cost of individual projects and jobs.
  • If you have undertaken a client-specific project or job and you want to monitor the expenses and income related to it, then you can use Job Costing.
  • Job costing is a systematic method of order-costing, which is applicable when you undertake projects or jobs as per a client’s specifications and requirements.

Features of job costing

  • Using job costing, the cost of each job is ascertained separately. This, in turn, helps in finding out the profit or loss on each job.
  • It enables management to detect those jobs which are more profitable and unprofitable ones.
  • Job costing provides the base for determining the cost of similar jobs to be undertaken in future as a part of future planning.
  • Helps in managing and controlling costs, by comparing the actual costs with the estimated cost. In short, the calculation of variances.

Who can use Job Costing?

  • Textiles Industries
  • Building Construction
  • Tour Package
  • School Dress Material related works

Job Costing Procedure

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DN Creators
Stitching & Construction Project
ADDRESS Old No:2, New No:6, New Damu Nagar,
Gandhipuram,
Coimbatore-641012
MOBILE NO 93847 74998
EMAIL dncreators@gmail.com
WEBSITE Dncreators12covai.in

Stitching Project

11-08-2023 We Receive a uniform stitching order from MKV Higher Secondary School net worth Rs.2,00,000.

12-08-2023 We receive an amount of Rs.1,20,000 from MKV Higher Secondary School through bank cheque no 254878.

14-08-2023 Cash Purchased the following goods with Reference no: MT0623 with Tax. And transfer all goods from our main godown.

Item HSN Code GST Unit Qty Rate
Nylon 55031000 18% meter 10000 Rs. 20
Thread 55081000 12% meter 7500 Rs. 10
Fabric Pins 731829 18% Pcs 500 Rs. 199
Pattern Paper 48115990 12% Roll 50 Rs. 66

16-08-2023 we transfer some goods from working fields.

Item Unit Qty
Nylon meter 750
Thread meter 3000
Fabric Pins Pcs 150
Pattern Paper Roll 12

17-08-2023 Record the usage of materials for Stitching work.

Item Unit Qty
Nylon meter 598
Thread meter 1500
Fabric Pins Pcs 40
Pattern Paper Roll 5

22-08-2023 After using goods in Stitching work, we transfer the remaining materials from the main location.

Item Unit Qty
Nylon meter 152
Thread meter 1500
Fabric Pins Pcs 110
Pattern Paper Roll 7

24-08-2023 recording and managing expenses is a crucial aspect of the construction project.

Expenses Amount (₹)
Wages 15,000
Transport 1,500
Canteen Expense 1,250
Other Expenses 1,000

25-08-2023 we received the balance amount from MKV Higher Secondary School.

Construction Project

10-09-2023 We Receive a Building Construction order from Morden Builders net worth Rs.12,00,000.

15-09-2023 We receive an amount of Rs.8,50,000 from Morden Builders through bank cheque no 14785.

17-09-2023 Cash Purchased the following goods with Reference no: AS005/23 with GST. And transfer all goods from our main godown.

Item HSN Code GST Unit Qty Rate
Bricks 690100 18% Nos 50,000 Rs. 7
Sand 2505 5% Unit 35 Rs. 4200
Gray Ton M Sand 680221 18% Unit 40 Rs. 3300
Cement 68109100 12% Bag 150 Rs. 245
Steel Rod 7214 18% Nos 1000 Rs. 500

19-09-2023 we transfer some goods from project fields.

Item Unit Qty
Bricks Nos 12,000
Sand Unit 15
Gray Ton M Sand Unit 20
Cement Bag 50
Steel Rod Nos 750

20-09-2023 Record the usage of materials for construction work.

Item Unit Qty
Bricks Nos 9685
Sand Unit 9
Gray Ton M Sand Unit 14
Cement Bag 40
Steel Road Nos 690

23-09-2023 After using goods in construction work, we transfer the remaining materials from the main location.

Item Unit
Bricks Nos
Sand Unit
Gray Ton M Sand Unit
Cement Bag
Steel Road Nos

24-09-2023 recording and managing expenses is a crucial aspect of the construction project.

Expenses Amount (₹)
Wages 1,15,000
Transport 12,500
Canteen Expense 3,000
Other Expenses 3,500

26-09-2023 we received the balance amount from Morden Builders.

Company Creation

  • Access Company Setup: From the Gateway of Tally screen, navigate to the "Company" menu.
  • Create Company: Click on "Create Company" to start setting up the company profile.
  • Enter Company Details:
    • Company Name: Enter "DN Creators Stitching & Construction Project".
    • Mailing Name: You can leave this field blank or enter the same name as the company name.
    • Address: Input the address details:
      • Old No:2, New No:6, New Damu Nagar, Gandhipuram, Coimbatore-641012
    • Mobile Number: Enter "93847 74998" as the mobile number.
    • Email: Input "dncreators@gmail.com" as the email address.
    • Website: Enter "Dncreators12covai.in" as the website URL.
    • Enable Cost Centres: Set this option to "Yes" to enable Cost Centres for the company.
    • Enable Job Costing: Set this option to "Yes" to enable Job Costing for the company.
    • Enable GST: Set this option to "Yes" to enable goods and service for the company.
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  • Configure Additional Settings: You may configure additional settings such as fiscal year details, taxation options, and other preferences as per your requirements.
  • Save and Exit: Once you have entered all the necessary details and configured the settings, save the company profile.
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Cost Centre

  • Access Cost Centre Setup: From the Gateway of Tally screen, navigate to the "Accounts" menu.
  • Create Cost Centre: Under the "Accounts Info" menu, select "Cost Centres" to access the cost centre setup.
  • Enter Cost Centre Details:
    • Name: Enter "Stitching Project" as the name of the cost centre.
    • Under: Choose "Primary" from the list of groups. This indicates that the cost centre will be a direct sub-group of the primary group.
    • Use for Job Costing: Set this option to "Yes" to enable job costing for the cost centre. This allows you to track expenses related to specific projects or jobs.
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  • Save and Repeat: After entering the details for the "Stitching Project" cost centre, save the settings. Then, repeat the process to create the "Construction Project" cost centre with similar details.
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Godown

  • Access Godown Location Setup: From the Gateway of Tally screen, navigate to the "Inventory" menu.
  • Create Godown Location: Under the "Inventory Masters" menu, select "Godowns" to access the godown location setup.
  • Enter Godown Location Details:
    • Name: Enter "Uniform Units" as the name of the godown location.
    • Under: Choose "Primary" from the list of groups. This indicates that the godown location will be a direct sub-group of the primary group.
    • Allow Storage of Materials: Set this option to "Yes" to allow the storage of inventory items in this godown location.
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    • Set Job Costing Details: Set this option to "Yes" to enable job costing details for this godown location.
    • Set Job/Project for Job Costing: Choose "Stitching Project" from the list of available projects. This associates the godown location with the specified project for job costing purposes.
  • Save and Confirm: After entering the details for the "Uniform Units" godown location, save the settings.
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Morden Builders Godown

  • Navigate to Location Creation:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Choose "Inventory Info" or "Inventory" from the menu.
  • Select "Godowns":
    • Under Inventory Info, select "Godowns" to access godown creation.
  • Create New Godown:
    • Select "Create" to add a new godown.
  • Enter Godown Details:
    • Name: Enter "Morden Builders Godown" as the name of the godown.
    • Under: Choose "Primary" to categorize it.
    • Allow storage of materials: Set this option to "Yes" to allow storing materials in this godown.
    • Set job/project for job costing: Choose "Construction Project" to assign this godown to a specific construction project for job costing purposes.
  • Save Changes:
    • After entering all the necessary details, save the godown.
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11-08-2023 We Receive a uniform stitching order from MKV Higher Secondary School net worth Rs.2,00,000.

  • Access Journal Voucher Creation: From the Gateway of Tally screen, navigate to the "Accounting Vouchers" menu.
  • Select Journal Voucher: Choose the option to create a new Journal Voucher.
  • Enter Voucher Date: Set the voucher date as 11-08-2023.
  • Enter Narration (Optional): You can provide a brief description/narration for the transaction if required.
  • Enter Debit Entry:
    • Account: Select "MKV School" as the account to be debited.
    • Amount: Enter Rs. 2,00,000 in the debit column.
  • Enter Credit Entry:
    • Account: Choose "Stitching - Income" as the account to be credited.
    • Amount: Enter Rs. 2,00,000 in the credit column.
  • Save and Confirm: After entering all the details accurately, save the journal voucher.
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12-08-2023 We receive an amount of Rs.1,20,000 from MKV Higher Secondary School through bank cheque no 254878.

  • Access Receipt Voucher Creation: From the Gateway of Tally screen, navigate to the "Accounting Vouchers" menu.
  • Select Receipt Voucher: Choose the option to create a new Receipt Voucher.
  • Enter Voucher Date: Set the voucher date as 12-08-2023.
  • Enter Narration (Optional): You can provide a brief description/narration for the transaction if required.
  • Enter Credit Entry:
    • Account: Select "MKV School" as the account to be credited.
    • Amount: Enter Rs. 1,20,000 in the credit column.
  • Enter Debit Entry:
    • Account: Choose "Indian Bank" as the account to be debited.
    • Amount: Enter Rs. 1,20,000 in the debit column.
  • Enter Cheque Details (Optional): If required, you can enter the cheque number (254878) in the relevant field.
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17-09-2023 Cash Purchased the following goods with Reference no: AS005/23 with GST. And transfer all goods from our main godown.

Item HSN Code GST Unit Qty Rate
Bricks 690100 18% Nos 50,000 Rs. 7
Sand 2505 5% Unit 35 Rs. 4200
Gray Ton M Sand 680221 18% Unit 40 Rs. 3300
Cement 68109100 12% Bag 150 Rs. 245
Steel Rod 7214 18% Nos 1000 Rs. 500

  • Access Purchase Voucher Creation: From the Gateway of Tally screen, navigate to the "Accounting Vouchers" menu.
  • Select Purchase Voucher: Choose the option to create a new Purchase Voucher.
  • Enter Voucher Date: Set the voucher date as 17-09-2023.
  • Enter Reference Number: In the "Reference" field, enter the reference number AS005/23.
  • Enter Party Details:
    • Account: Select "Indian Bank" as the party's account.
  • Enter Purchase Ledger: Choose the "Purchase" ledger as the purchase ledger account.
  • Enter Items:
    • Item: Enter each item separately (Bricks, Sand, Gray Ton M Sand, Cement, Steel Rod).
    • HSN Code: Enter the respective HSN codes for each item.
    • GST: Specify the applicable GST rate for each item (18% for Bricks, Gray Ton M Sand, and Steel Rod; 5% for Sand; 12% for Cement).
    • Unit: Enter the unit of measurement for each item (Nos for Bricks and Steel Rod, Unit for Sand and Gray Ton M Sand, Bag for Cement).
    • Quantity: Input the quantity of each item purchased.
    • Rate: Enter the rate per unit for each item.
  • Transfer from Godown:
    • Select the option to transfer the goods from the main godown.
    • Specify the godown from which the goods are being transferred.
  • Save and Confirm: After entering all the details accurately, save the purchase voucher.
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Stock Journal Class

  • Navigate to Stock Journal Voucher Configuration:
    • Go to Gateway of Tally.
    • Select "Alter" from the main menu.
  • Configure Classes:
    • Under " Vouchers Types ," select "Stock Journal."
  • Enable Class Usage:
    • In the configuration settings, find the option related to class usage.
    • Ensure that "Use class for Inter-location Transfers" is set to "Yes" for the class named "Transfer."
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    • Similarly, set "Use class for Job Costing Consumption" to "Yes" for the class named "Consume."
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  • Save Changes:
    • After configuring the settings, save the changes.
  • Recording Transactions:
    • Now, when you create a Stock Journal voucher, you'll have the option to select classes for each transaction line item.
    • If you're recording a transfer between locations, you can select the "Transfer" class for the relevant line items.
    • If you're recording consumption for job costing purposes, you can select the "Consume" class.
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16-08-2023 we transfer some goods from working fields.

Item Unit Qty
Nylon meter 750
Thread meter 3000
Fabric Pins Pcs 150
Pattern Paper Roll 12

  • Navigate to Stock Journal Voucher:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Select "Stock Journal" under the "Vouchers" section.
  • Enter Voucher Date:
    • Set the voucher date as 16-08-2023.
  • Enter Voucher Class:
    • Select "Transfer" as the voucher class.
  • Select Destination Location:
    • Choose "Uniform Units" as the destination location for the transfer.
  • Enter Item Details:
    • Enter the details of each item transferred, including item name, location (main location), quantity, rate, and amount.
    • Here's the breakdown:
      • Nylon: 750 meters at a rate of ₹20 per meter, total amount ₹15,000.
      • Thread: 3000 meters at a rate of ₹10 per meter, total amount ₹30,000.
      • Fabric Pins: 150 pieces at a rate of ₹199 per piece, total amount ₹29,850.
      • Pattern Paper: 12 rolls at a rate of ₹66 per roll, total amount ₹792.
  • Save and Confirm:
    • Double-check all the details entered.
    • Save the stock journal voucher.
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17-08-2023 Record the usage of materials for Stitching work.

Item Unit Qty
Nylon meter 598
Thread meter 1500
Fabric Pins Pcs 40
Pattern Paper Roll 5

  • Navigate to Stock Journal Voucher:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Select "Stock Journal" under the "Vouchers" section.
  • Enter Voucher Date:
    • Set the voucher date as 17-08-2023.
  • Enter Voucher Class:
    • Select "Consume" as the voucher class.
  • Enter Source and Destination Details:
    • In the stock journal, you'll be recording the consumption of materials (source) and their usage in production (destination).
    • Here's how to enter the details:
      • Source (Consumption):
        • Name of Item: Nylon, Thread, Fabric Pins, Pattern Paper.
        • Location: Uniform Units (assuming this is where the materials are consumed).
        • Quantity, Rate, and Amount: Use the provided values.
      • Destination (Production):
        • Name of Item: Same as the source items.
        • Location: Uniform Units (assuming this is where the production takes place).
        • Quantity, Rate, and Amount: Leave these blank as they are calculated automatically based on the consumption details.
  • Save and Confirm:
    • Save the stock journal voucher.
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22-08-2023 After using goods in Stitching work, we transfer the remaining materials from the main location.

Item Unit Qty
Nylon meter 152
Thread meter 1500
Fabric Pins Pcs 110
Pattern Paper Roll 7

  • Navigate to Stock Journal Voucher:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Select "Stock Journal" under the "Vouchers" section.
  • Enter Voucher Date:
    • Set the voucher date as 22-08-2023.
  • Enter Voucher Class:
    • Select "Transfer" as the voucher class.
  • Enter Source and Destination Details:
    • In the stock journal, you'll be recording the transfer of remaining materials from the production location (Uniform Units) to the main location.
    • Here's how to enter the details:
      • Name of Item: Nylon, Thread, Fabric Pins, Pattern Paper.
      • Location: Main Location.
      • Quantity, Rate, and Amount: Use the provided values.
  • Save and Confirm:
    • Save the stock journal voucher.
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24-08-2023 recording and managing expenses is a crucial aspect of the construction project.

Expenses Amount (₹)
Wages 15,000
Transport 1,500
Canteen Expense 1,250
Other Expenses 1,000

Wages

  • Navigate to Ledger Creation:
    • Open Tally Prime software.
    • Go to the Gateway of Tally.
  • Access Ledger Creation:
    • From the main menu, navigate to "Accounts Info" or "Masters" section.
    • Choose "Ledgers" to create a new ledger.
  • Select Ledger:
    • Select "Create" to add a new ledger.
  • Create New Ledger:
    • Enter "Wages" as the name of the ledger.
    • Under: Choose "Direct Expenses" to categorize it correctly.
    • Cost Centres Applicable: Set this option to "Yes" to enable cost centers for this ledger.
  • Save Changes:
    • After entering all the necessary details, save the ledger.
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Transport

  • Navigate to Ledger Creation:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Under "Accounts Info", select "Ledgers".
  • Create New Ledger:
    • Select "Create" to add a new ledger.
  • Enter Ledger Details:
    • Name: Enter "Transport" as the name of the ledger.
    • Under: Choose "Indirect Expenses" to categorize it correctly.
    • Cost Centres Applicable: Set this option to "Yes" to enable cost centers for this ledger.
  • Save Changes:
    • After entering all the necessary details, save the ledger.
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Canteen Expense

  • Navigate to Ledger Creation:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Under "Accounts Info", select "Ledgers".
  • Create New Ledger:
    • Select "Create" to add a new ledger.
  • Enter Ledger Details:
    • Name: Enter "Canteen Expense" as the name of the ledger.
    • Under: Choose "Indirect Expenses" to categorize it correctly.
    • Cost Centres Applicable: Set this option to "Yes" to enable cost centers for this ledger.
  • Save Changes:
    • After entering all the necessary details, save the ledger.
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Other Expense

  • Navigate to Ledger Creation:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Under "Accounts Info," select "Ledgers."
  • Create New Ledger:
    • Select "Create" to add a new ledger.
  • Enter Ledger Details:
    • Name: Enter "Other Expenses" as the name of the ledger.
    • Under: Choose "Indirect Expenses" to categorize it correctly.
    • Cost Centers Applicable: Set this option to "Yes" to enable cost centers for this ledger.
  • Save Changes:
    • After entering all the necessary details, save the ledger.
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  • Navigate to Payment Voucher:
    • Open Tally Prime software.
    • Go to Gateway of Tally.
    • Under "Vouchers," select "Payment Voucher."
  • Enter Payment Details:
    • Date: Set the appropriate date for the transaction.
    • Debit Entries:
      • Select "Wages" ledger and enter the amount of ₹15,000.
      • Select "Transport" ledger and enter the amount of ₹1,500.
      • Select "Canteen Expense" ledger and enter the amount of ₹1,250.
      • Select "Other Expenses" ledger and enter the amount of ₹1,000.
    • Select "Indian Bank" ledger and enter the total amount of ₹18,750 (sum of debit amounts).
  • Enter Cost Centre Details:
    • While entering each debit entry, assign the "Stitching Project" cost center to each ledger.
  • Save and Confirm: Save the payment voucher.
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10-09-2023 We Receive a Building Construction order from Morden Builders net worth Rs.12,00,000.

  • Navigate to Journal Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers."
  • Select Journal Voucher:
    • Choose "Journal Voucher" from the list of voucher types.
  • Enter Journal Details:
    • Set the voucher date as 10-09-2023.
  • Debit Modern Builders (Sundry Debtors):
    • Under "Particulars," select "Modern Builders."
    • Select "Sundry Debtors" as the ledger.
    • Enter the amount as Rs. 12,00,000 in the Debit side.
  • Credit Construction - Income (Indirect Income):
    • Under "Particulars," select "Construction - Income."
    • Select "Indirect Income" as the ledger.
    • Enter the amount as Rs. 12,00,000 in the Credit side.
  • Save the Voucher:
    • After entering all the journal details, save the voucher.
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15-09-2023 We receive an amount of Rs.8,50,000 from Morden Builders through bank cheque no 14785.

  • Navigate to Receipt Voucher:
    • Go to Gateway of Tally.
    • Select "Vouchers."
  • Select Receipt Voucher: Choose "Receipt Voucher" from the list of voucher types.
  • Enter Voucher Details:
    • Set the voucher date as 15-09-2023.
  • Enter Bank Account Details:
    • Under "Account," select "Indian Bank."
    • Enter bank cheque no 14785 in the appropriate field.
  • Enter Party Details:
    • Under "Particulars," select "Modern Builders."
    • Enter the amount received, which is Rs. 8,50,000.
  • Save the Voucher: After entering all the details, save the voucher.
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17-09-2023 Cash Purchased the following goods with Reference no: AS005/23 with GST. And transfer all goods from our main godown.

Item HSN Code GST Unit Qty Rate
Bricks 690100 18% Nos 50,000 Rs. 7
Sand 2505 5% Unit 35 Rs. 4200
Gray Ton M Sand 680221 18% Unit 40 Rs. 3300
Cement 68109100 12% Bag 150 Rs. 245
Steel Rod 7214 18% Nos 1000 Rs. 500

  • Navigate to Purchase Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers."
  • Select Purchase Voucher: Choose "Purchase Voucher" from the list of voucher types.
  • Enter Purchase Details:
    • Enter the voucher date.
    • Select "Indian Bank" as the Party A/c Name.
    • Choose "Purchase" as the Purchase ledger.
  • Enter Item Details:
    • Enter each item's details: Bricks, Sand, Gray Ton M Sand, Cement, Steel Red.
    • Quantity: Enter the respective quantities for each item.
    • Rate: Enter the rate per unit for each item as described.
    • Amount: Tally Prime automatically calculates the amount based on the quantity and rate.
  • Save the Voucher: After entering all the purchase details, save the voucher.
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19-09-2023 we transfer some goods from project fields.

Item Unit Qty
Bricks Nos 12,000
Sand Unit 15
Gray Ton M Sand Unit 20
Cement Bag 50
Steel Rod Nos 750

  • Navigate to Stock Journal Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers."
  • Select Stock Journal Voucher: Choose "Stock Journal" from the list of voucher types.
  • Enter Voucher Details:
    • Set the voucher date as 19-09-2023.
  • Enter Destination Location:
    • Under "Destination Location," select "Morden Builders Godown."
  • Enter Item Details:
    • Enter each item's details: Bricks, Sand, Gray Ton M Sand, Cement, Steel Rod.
    • Quantity: Enter the respective quantities for each item.
    • Rate: Enter the rate per unit for each item as described.
    • Amount: Tally Prime automatically calculates the amount based on the quantity and rate.
  • Save the Voucher: After entering all the stock journal details, save the voucher.
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23-09-2023 After using goods in construction work, we transfer the remaining materials from the main location.

Item Unit
Bricks Nos
Sand Unit
Gray Ton M Sand Unit
Cement Bag
Steel Road Nos

  • Navigate to Stock Journal Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers."
  • Select Stock Journal Voucher: Choose "Stock Journal" from the list of voucher types.
  • Enter Voucher Details:
    • Set the voucher date as 23-09-2023.
  • Enter Destination Location:
    • Under "Destination Location," select "Morden Builders Godown."
  • Enter Item Details:
    • Enter each item's details: Bricks, Sand, Gray Ton M Sand, Cement, Steel Rod.
    • Quantity: Enter the remaining quantities for each item.
    • Rate: Enter the rate per unit for each item as described.
    • Amount: Tally Prime automatically calculates the amount based on the quantity and rate.
  • Save the Voucher: After entering all the stock journal details, save the voucher.
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24-09-2023 recording and managing expenses is a crucial aspect of the construction project.

Expenses Amount (₹)
Wages 1,15,000
Transport 12,500
Canteen Expense 3,000
Other Expenses 3,500

  • Navigate to Payment Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers."
  • Select Payment Voucher:
    • Choose "Payment Voucher" from the list of voucher types.
  • Enter Voucher Details:
    • Set the voucher date as 24-09-2023.
  • Enter Expense Details:
    • Under "Particulars," select the respective expense ledger for each expense item: Wages, Transport, Canteen Expense, Other Expenses.
    • Enter the amounts for each expense item: Rs. 1,15,000 for Wages, Rs. 12,500 for Transport, Rs. 3,000 for Canteen Expense, and Rs. 3,500 for Other Expenses.
  • Enter Bank Account Details:
    • Under "Account," select "Indian Bank."
    • Enter the total payment amount of Rs. 1,34,000 in the Credit side.
  • Save the Voucher:
    • After entering all the payment details, save the voucher.
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26-09-2023 we received the balance amount from Morden Builders.

  • Navigate to Receipt Voucher:
    • Go to Gateway of Tally.
    • Select "Accounting Vouchers"
  • Select Receipt Voucher:
    • Choose "Receipt Voucher" from the list of voucher types.
  • Enter Voucher Details:
    • Set the voucher date as 26-09-2023.
  • Enter Party Details:
    • Under "Particulars," select "Modern Builders."
    • Enter the amount of Rs.3,50,000 in the Debit side.
  • Enter Bank Account Details:
    • Under "Account," select "Indian Bank."
    • Enter the same amount of Rs. 3,50,000 in the Debit side.
  • Save the Voucher:
    • After entering all the receipt details, save the voucher.
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Tally Prime

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