#Tallyprime #Billwise #Tally
Here I explained how to maintain billwise details in Tally prime.
New ref - While making first time entry there we can select New ref
Against ref - Adjust any sales, purchase invoice & advance payments & receipts use against ref
Advance - If we receive & Pay advance amount. at the time we can select this option
on Account - unknown amount we can handle under this. adjust later once we receive the reference details
What is debit & credit balance in sales?
While making sales invoice if we raise invoice in the name of party that is credit invoice & called debit balance.
If receive advance amount thats called credit amount
How to enable bill wise in company
How to activate bill wise in ledger
Benefits of Maintaining billwise details in Tally.prime
1. Easily generate outstanding balances of both supplier & Buyer
2. Track clear records of Accounts receivable & Accounts payable each and every bill
3. Based on billwise we can generate age wise reports with exact over due days
4. Payment performance of debtors
How to check Bill wise reports in Tally prime
1.Ledger report
2.Outstanding report with billwise & due date & agewise
