Type search words and press enter
"Use Edit Log for transactions/masters, and digital signature for invoices/reports with Release 2.1. Download NOW!"

Recording Purchase - Works Contract (Punjab)

If you have availed work contract services, you need to record a transaction for the purchase of works contract. You can record all deductions applicable in the works contract.

To record a works contract transaction

1.    Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

2.    Enter Supplier Invoice No. and Date.

3.    Select the party ledger in Party's A/c Name option.

4.    Select the Purchase Ledger with Purchase - Works Contract predefined as the Nature of Transaction.

5.    Select the stock item, and enter the amount.

6.    Enter the information in Works Contract Details screen as shown below:

7.    Select the VAT and surcharge ledgers.

8.    Click A: Tax Analysis to display the Tax Analysis screen.

9.    Click F1: Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:

10.  Press Esc to return to purchase invoice. The purchase invoice appears as shown below:

11.  Press Enter to save.