This report displays the outstanding receivables or payables for a particular party ledger during a specified period.
To view the Ledger Outstandings Report:
1. Go to Gateway of Tally > Display > Statements of Accounts > Outstandings > Ledger
2. Select a ledger from the list
The Ledger Outstandings report is displayed as shown:
You can print or export Reminder Letters from the Ledger Outstanding report by enabling the option Print Reminder Letter in the Print Report or Export Report accordingly.
C: Contact
Click C: Contact or press Alt+C to view the ledger contact details.
Bill Settlement option helps to settle the selected or all bills from the Ledger Outstandings report.
To settle the required bills,
Move the cursor on the bills and press Spacebar to select the bills
Click B: Bill Settlement button or press Alt+B key
In the Bill Settlement screen,
Voucher Type field is defaulted with Receipt/Payment as the type of Voucher
Note: Voucher Type will be pre-filled with Receipt or Payment based on the outstanding final amount for the selected Bill(s).
The additional Payment/Receipt Voucher Types (other than the default voucher types) created by the user along with the Voucher Class will also be available for selection if any, from the Bill Settlement screen.
In the Voucher Date field, enter the date of Receipt/Payment Voucher
In the Account field, select the required Bank or Cash Ledger from the List of Ledgers
Specify the required remarks in the Narrations field
Press Enter to Accept the Bill Settlement sub screen and pre-fill the Receipt/Payment Voucher as shown:
Press Enter to save the Voucher
Note: Cost Centre Allocation can also be made while creating the Payment/Receipt Vouchers.
Once the Bills are settled, the Ledger Outstandings report will be updated accordingly.
For information on other button options in this report, click here.
More:
Mass Mailing Outstanding Statements
