Creating a Payment Voucher (To Party Account)

 

To make a Payment to the Party,

Go to Gateway of Tally > Accounting Vouchers > Payment

  1. Select the Bank Account from the list

  2. Select the Party from the list and enter the advance amount that you wish to pay to the party

  3. You will get the Bill wise Details sub form, select the type of reference as Advance and enter a name. Select the appropriate TDS ledger (TDS on Advertisement) from the list.  (If the TDS Ledger is selected as Not Applicable then such transactions are considered as Payments for which TDS will not be deducted)

  4. The amount entered in the debit amount is displayed in the Amount column

  1. After entering the Bill-wise Details, the TDS Details for the selected TDS ledger (TDS on Advertisement) appears. This sub form displays the party, Type of Deductee, Amount, total taxable amount, income tax, Surcharge and Additional Surcharge. The total taxable amount is calculated till date in this sub form. Enter the name of the reference

  1. The TDS Details for the selected TDS ledger (TDS on Advertisement) appears. This sub form displays the party, type of deductee, amount, total taxable amount, income tax, surcharge and additional surcharge. The total taxable amount is calculated till date in this sub form. Enter the name of the reference

  2. The Net TDS to Deduct on the Tax ledger is calculated according to percentages. Accept the TDS details sub form. The Taxable amount for TDS on Advertisement appears as credit in the Payment voucher screen

  1.  Accept the Payment voucher screen to save the entry