petrol expenses under which head in tally
i. Employee’s PF Contribution @ 12% Pay Head Creation, Go to Gateway of Tally > Payroll Info. if the payroll process is carried out for the month of March, then the attendance records will be entered for 31 days. Pass Journal Vouchers in Tally for the below: Petrol used for Generator: Generator Running Expenses A/c Dr. (Or appropriate head created by you for generator expenses) To Purchases A/c Cr. Ltd. Wisdomjobs.com is one of the best job search sites in India. For Employee's medical expenses, you can show it under the head 'Employees Welfare Expenses' Do the premium course here. Expenses jo Book kiye huwe to wo bhi khatam ho jayenge to ab na to rohan hamse kuch mangta hai aur na hi koi Misc. On Specified Formula – This calculation type is used when the pay head value is computed on the value of one or more pay heads already defined in the pay structure. Enter pay head name in the Name field. 3. The completed House Rent Allowance (HRA) Pay Head Creation screen is displayed as shown. Journal Entry in Tally.ERP9 is a different concept than what we have learned theoretically from our class rooms. tally ledger under group list in hindi, Ledgers are very Important part for Journal Entries in Tally.Here we provide list of common ledgers created for Profit and Loss Account, Balance Sheet and For trading account. 5000 for Car petrol then this is a non gst expense and it is mandatory to file this expense in Non GST Supply Section in GST Returns. To view GSRT-2, go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2 . Expense A/c Dr To Bank/Cash Later,we have to close ledger while passing entry Profit and loss A/c Dr To Expense This entry is not to be passed, Transfer to Profit and loss is done directly by Accounting Software like Tally ... we can keep it under head of expenses "office maintenance" User Defined as the Calculation Basis and define the periodicity of the specified period or month. Bank Reconciliation in Tally ERP9 . In this case, you can apply a consistent period of 26 days (excluding 4 Sundays) for all employees irrespective of their month of leaving. 3,000 and the calculation basis is defined as a month of 30 days. You need to create employee’s provident fund deduction pay head in Tally ERP9 as shown below. From the list of Pay head Types , select Employee’s Statutory Deductions as the Pay head type. jo Wo Leke Nahi Gaya Lekin Andesha hai ki wo Aaj Nahi to kal Salary Lene Aa Sakta hai. Tally ERP 9 : Meaning Of Accounts Group. Select End of List; Specify 1-4-2009 as the Effective From date; Press Enter to skip the Slab fields; Select Percentage as the Slab Type from the List of Slabs It can also be fixed by law. Click to Watch All Videos on GST Accounting Entries in Tally Day by Day –https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYNPart-25 GST Transportation Charges Expenses RCM Entries in Tally https://youtu.be/EWP2lDYu92UPart-25 Ineligible Input Credit under GST Tally|ITC not available https://youtu.be/_H6SI93P-gADownload Excel File for Expenses for our website-http://www.cpitudaipur.comVisit Our Blog:http://cpitudaipur.blogspot.in/Like Our Facebook Page:http://facebook.com/cpitudrPlease Subscribe to Our Channelhttps://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg Though, all expenses relating to the advertisement and publicity also help to promote the sales of a business firm but there are so many expenditures which are not advertisement expenses even then they play very important role in maintaining the prestige of the business firm. Tally Ledger under Group list Tally Optimization, TallyErp9 ledgers creation under proper group of accounts is main part of Tally ERP 9 implementation. The net salary after deducting the leave salary [i.e.Rs. Misc. Bank Reconciliation in Tally ERP9 . Introduction TDS refers to Tax Deducted at Source . The VAT paid on petrol expenses for business use can be claimed fully. Employee’s ESI Contribution @ 1.75% Pay Head Creation. Wages, factory rent, heating, lighting etc. 3. Log In; My Accounts. Petrol & Diesel Expenses, Conveyance Exp. Number of months From and To – This represents the months until which the eligible days are applicable in the Slab system, beginning from the date of joining. Products. Select Present in the field Attendance/ Leave with Pay. 100. If the slab period has not ended, then the slab is applied based on the number of months covered in the previous slab. Now we learn how to pass Car Petrol Expenses in Tally and how to show it directly under Non GST Supply in GST Returns. Tips:If the user intends to record Negative Attendance viz., Absent(i.e if the pay value is measured on the basis of negative attendance units), select Not Applicable in the Attendance/ Leave with Pay field and press Enter & then select Absent in the Leave without Pay field. Eligibility days for Gratuity Calculation per year – This refers to the Number of days’ pay given as gratuity for the entire slab. In every implementation of Group wise Tally ledger list prepared first which affects Trading a/c, Profit and loss a/c and Balance sheet. Specify 1 as the rounding Limit and press Enter, Select On Specified Formula as the Compute method and press Enter, In the Compute sub-screen, select Basic Pay as the Add Pay Head function and press Enter, Specify 1-4-2008 as the Effective From date, The column From Amount is automatically skipped, with the assumption that the amount is zero, Specify 6500 in the Amount Upto column and press Enter, Specify 12% as the Value Basis Percentage and press Enter (the From Amount is defaulted as 6500), Press Enter to accept the upper level as 0 and select Value as the Slab Type from the List of Slabs, Specify Rs.