How to Make Accounting Entries for Sales Invoices in Tally Accounting Software

• Accounting
• December 1, 2023

How to Make Accounting Entries for Sales Invoices in Tally Accounting Software

Making accounting entries for sales invoices in Tally accounting software is a straightforward process. Tally is widely used for its user-friendly interface and efficient accounting features. Here’s a step-by-step guide on how to make accounting entries for sales invoices in Tally:

Step 1: Open Tally Software

Launch the Tally software on your computer and log in to your company’s account.

Step 2: Create Sales Ledger

If you haven’t created a sales ledger for your customer, you need to set it up. Follow these steps:

1. Go to Gateway of Tally.
2. Select “Accounts Info” > “Ledgers” > “Create.”

Enter the name of the customer under “Name” and choose the appropriate group, such as “Sundry Debtors.” Save the ledger.

Step 3: Create Sales Invoice

1. Go to Gateway of Tally.
2. Select “Accounting Vouchers” from the main menu.
3. Choose “Sales Voucher” (Shortcut: F8).

Step 4: Enter Sales Invoice Details

1. Party A/c Name:
   • Select the name of the customer from the list.
2. Sales Ledger:
   • Choose the sales ledger you created earlier.
3. Stock Item or Account:
   • Enter the name of the product or service sold.
4. Rate:
   • Input the unit selling price.
5. Quantity:
   • Enter the quantity of items sold.
6. GST Details:
   • If applicable, enter the GST details for the sale.
7. Narration:
   • Add any additional information or notes related to the sale.

Step 5: Save the Sales Invoice

Press “Enter” to save the sales invoice entry.

Step 6: View Accounting Entries

1. To view the accounting entries, go to “Display” > “Daybook.”
2. Select the date on which you created the sales invoice.

Here, you can see the accounting entries for the sales invoice, including the debit to the sales ledger and credit to the customer’s ledger.

Step 7: Verify Reports

To verify the sales entry in reports:

1. Go to “Display” > “Statement of Accounts” > “Outstanding” > “Receivables.”
2. Select the customer’s name to view the outstanding amount.

Congratulations! You’ve successfully entered a sales invoice in Tally. Repeat these steps for each sales transaction, and your financial records will be well-maintained in the software.

Remember that this guide assumes you’ve set up your Tally software and created the necessary ledgers. If you haven’t, it’s recommended to consult Tally documentation or seek assistance to ensure accurate and compliant accounting practices.

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