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https://help.tallysolutions.com/docs/te9rel51/Reports/Display_Financial_Statements/Display_Receipts_Payment_A_c.htm

Display Receipts & Payments Account

Receipts and Payments Account is a report of cash and bank transactions during a period. It is used in place of an income and expenditure statement.

In other words,

  • It is a consolidated summary of cash book, prepared for the required period.

  • It starts with opening balance of cash and bank, and ends with closing balance of cash and bank.

  • It does not take into account outstanding receivables and payables.

  • It may be of capital or revenue nature, and relating to the current, previous or subsequent year, so long as they are actually received or paid

The Receipts and Payments account in Tally.ERP 9 displays information based on default primary groups. It is updated with every cash/bank transaction/voucher entry.

To view the Receipts & Payments of ABC Company,

Go to Gateway of Tally > Display > Receipts and Payments.

The Receipts and Payments account appears as shown below:

  • The Receipts & Payments account is generated and updated right from the date of opening of books until the date of last entry.

  • Press F2: Period to change the period as required.

  • Select the required group and press Enter to go to Receipts and Payments Summary reports, and further drill down to go to Ledger Monthly Summary, ledger vouchers, and finally to the voucher alteration mode.

Note: The Receipts & Payments account is displayed according to the configuration of settings in the F12: Configure.

The Receipts & Payments A/c, by default is in horizontal form. However, you may configure the same to view in Vertical form by enabling it in F12: Configure. You can view additional information or toggle to another report using the options available in the Button Bar.

Some of the button bar options are:

  • F1: Detailed: View the Receipts & Payments account in detailed format, as shown:

Note: This button toggles between Detailed and Condensed.

The cash/bank balances under Opening/Closing Balance displayed in Red indicate the negative/credit balances.

  • F2: Period: Change the date of the Receipts & Payments account.

  • F3: Company: Select a company from the list to view the Receipts & Payments account of the selected company.

Note: This button will be active only when more than one company is loaded.

  • F5: Led-wise: Receipts & Payments account is displayed based on the default primary groups. Click this button to view the report ledger-wise.

Note: This button toggles between Led-wise / Grouped.

  • C:New Column: Select this button for the following:

  • Display the Receipts & Payments account for a different period, for comparison with the current one.

  • Display the Receipts & Payments account in a different currency.

  • Select and compare Receipts & Payments accounts of different companies.

More:

Configuring the Receipts & Payment Accounts

Receipts & Payments Summary Reports

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