How to make Payment entry in Tally

How to make payment entry in tally

When a business or firm buys any goods then it becomes compulsory for them to make their payment.

It depends on firm that how they want to make their payment. They can payment via two ways.

1. Cash

2. Bank

But before making a payment we must have to purchase something lets take a example, I have purchased ten laptops worth Rs. 500000.

After making purchasing entry it will look like this. Then after that we have to make payment entry.

Lets have a look on steps how to make payment entry.

Step 1: Gateway of tally> accounting vouchers>payment to go in payment voucher we have to press F5.

Step 2: In another step we have to select cash account under Account.

Step 3: Then under particular we have to select the party to whom we are making payment. Then press ALT+C for secondary ledger creation. If its already created then its not mandatory.

Step 4: Final enter the amount.

This following transactions look like this.

Hit the enter button for save the transaction.

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