Let us record a journal voucher for the year-end transaction of booking expenses incurred in the current year and payable in the next year by deducting TDS.
Create
a provision entry for audit fee of 
75,000 payable on audit conducted by Mark Audit Solutions in 2012-13.
Record a journal voucher or purchase invoice on receipt of invoice from Mark Audit Solutions in 2013-14 against the provision entry booked in the year 2012-13 for the audit fees.
To record these transaction, the following three ledgers need to be created.
Audit Fees
Group: Indirect Expenses
Is TDS Applicable: Yes
Default Nature of Payment: Any
Audit Fees Payable
Group: Provisions
Is TDS Deductable: Yes
Treat as TDS Expenses: Yes
Default Nature of Payment: Any
TDS on Audit Fees
Group: Duties & Taxes
Type of Duty/Tax: TDS
Nature of Payment: Fees for Professional Or Technical Services
Mark Audit Solutions
Group: Sundry Creditors
Is TDS Deductable: Yes
Deductee Type: Company - Resident
Under Tax Information section, enter the PAN / IT Number
Record a journal voucher on 30th March 2013, to create
a provision entry for 75,000 payable towards audit
fees.
Go to Gateway of Tally > Accounting Vouchers > F7: Journal
Debit the Audit fees ledger and
enter
75,000 in the Amount field. In the Nature
of Payment column, select Not Applicable.
Credit the Audit Fees Payable ledger and the amount will be automatically displayed.
Press Y or Enter to accept the journal voucher.
To record an entry in journal voucher with ledger grouped under Provisions,
Go to Gateway of Tally > Accounting Vouchers > F7: Journal
Debit the Audit Fees Payable
ledger and enter 75,000 in the Amount
field. Set the Nature of Payment to Fees
for Professional Or Technical Services.
Credit the party ledger, Mark Audit
Solutions. In the TDS Details screen, select the Type
of Ref as New Ref and select the TDS
ledger - Tax on Audit Fees. Enter the amount
as
67,500.
Credit the TDS on Audit Fees ledger. The amount appears automatically.
Press Y or Enter to accept the Journal Voucher.
Until now, the Provision entry was supported only through Journal Voucher. In Tally.ERP 9 Series A Release 4.8, the facility is provided to record the provision entry in Purchase Voucher as well.
The facility is now provided to select ledger grouped under Provisions in purchase invoice. Let us record a purchase invoice to record the transaction shown in 'Create a Journal Voucher for Provision Entry' section.
Go to Gateway of Tally > Accounting Vouchers > F9: Purchase > Create
Click F12: Configure and set the option - Allow Provision in Purchase Voucher to Yes. Enabling this option will allow you to select the ledgers grouped under Provisions in purchase invoice.
Note: The option - Allow Provision in Purchase Voucher is also provided in Invoice / Orders Entry configuration when navigated from Gateway of Tally > F12: Configuration.
Depending on the transaction being created, you can record the entry in Accounting Invoice or Item Invoice mode. In this example, record the entry in Accounting Invoice mode (click Alt+I: Acct Invoice button if the screen is displaying item invoice mode).
Enter the invoice date as 8-5-2013.
Enter the Supplier Invoice number and date.
In Party's Ledger A/c select Mark Audit Solutions.
Under
Particulars, select Audit
Fees Payable ledger and enter the amount as
75,000. The Nature of Payment appears as
defined in the ledger master.
Select TDS on Audit Fees ledger. In the TDS Details screen, select New Ref. The details will be captured automatically.
In the Bill-wise Allocation screen, select New Ref for both the references. The amount will be captured automatically.
The Purchase Invoice displays as shown:
Press Y or Enter to accept and save.
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