In the normal course of business, customers may return goods sold for numerous reasons such as defective quality, price differences and so on. Return of excisable goods is accounted using Credit Note.
In F11: Features > Accounting Features (F1)
Enable Use Debit/Credit Notes to Yes
Set Use Invoice mode for Credit Notes to Yes
Set Use Invoice mode for Debit Notes to Yes
Go to Gateway of Tally > Accounting Vouchers > Credit Note (Ctrl + F8)
Select the Excise – Credit Note from the List of Voucher Types
Select Alt+I: Item Invoice, if voucher is in Acct Invoice mode
Enter the Date as 20-4-2008
Enter the reference number in the Ref. field. E.g. 4587
Select Goods Sold Returned as the type of VAT Adjustment in the Used for field and press Enter
Excise Unit Name will be displayed as ABC Company
Select the party name in the Party’s A/c Name field. E.g. Decora Equipments
Enter the corresponding details in the Party Details.
Select the Sales ledger to be allocated. E.g. Sales @ 4%
Select the Name of the stock item from the List of Excise Stock Items
The Supplier Details sub form for the Stock Item is displayed
In the Supplier Details screen
Enter the Sales Invoice Number issued to the customer and the Sales Invoice Date is automatically captured.
The corresponding Purchase Invoices are listed and select the purchase invoice from the list of Purchases.
Enter the Quantity returned as 10
Press enter to accept the Supplier Details and the Credit Note screen reappears, the Rate and the Amount is automatically captured.
Select Output VAT ledger and press Enter, the VAT Amount is automatically calculated and Prefilled.
Set Show Statutory Details to Yes to view Statutory details
In Bill-wise Details screen, Select Agst Ref and in the name field select 981 dated 10-4-2008 form Pending Bills. Amount field will be updated automatically.
Press Enter to accept and save.
'Accounting Sales Returns' has been shared with
