Credit Note and Debit Note voucher in Tally in an important feature of accounting software. You can use credit note voucher for rate difference or rebate/discount entries.
All of you know very well about the Debit Note, Credit Note and Vat. Debit Note voucher in Tally specially used for purchases return entry in active company. Credit note voucher is used specially for sales return entries apart of that these vouchers are also used for make rate difference entries. After reading this article you will be able to use debit note voucher in Tally.
This article will helps you when you have to issue or receive vat debit and credit note in your company. VAT Debit and Credit note voucher is generally used for the purpose of making an adjustment in relation to the VAT invoices.
Must Read: Debit Note and Credit Note Voucher with Vat, Rate Difference
Rate difference or rebate/discount etc. allowed by vendor entered in debit note and when granted to buyer is entered as credit note. The net sales or purchase are taken into account for vat computations. These are the similar to purchase invoice and for credit note.
How to use Debit Note Voucher in Tally:
Press F11 (Features) > F2 (Inventory Features) > Use Debit/Credit Notes: Yes
Use Invoice Mode for Credit Notes: Yes
Use Invoice Mode for Debit Notes: Yes
Normally debit note is issue when purchase goods are return to vendor. This voucher is also used in extra charged amount to debtors. Press Ctrl + F9 shortcut key to active debit-note voucher in tally. When purchase goods are return to the party against the VAT then normally following entry be passed.
Dr. Creditor A/c 562.50
Cr. P[email protected]% 500
Cr. Input Vat @ 12.5% 62.50
Note: By default Purchases Return entry made in invoice mode in the Debit Note voucher. To see same entry in voucher mode you have to press Ctrl + V, on this voucher.
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I hope after reading this article you can easily use Debit Note Voucher in Tally . If you have any suggestion or query regarding this guide then please send them from comment box. Thanks to all.
I am a seller Purchase gives to the Debit Note , So how to entered the debit note voucher in tally
how me make a entry of rebate in debit note
you done good job sir
How me make a entry of Credit Note of Rs.9591/- which we received from our supplier (crediter)
sales account——dr 9591
to supplier 9591
No, its wrong because sale always be credit side not to debit
dear its a credit not entry , means sales return