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How to record Unsecured Loans in Tally.ERP 9?

As well we will be getting the receipts from our Dealers and even we borrow finance from someone else either from Banks or from Financial Institutions. In such case we have the Receipt Voucher Type will be used to record the transaction in Tally.ERP 9.

Image: How to record Receipt in Tally.ERP 9

Here the company has borrowed an amount of `15000 in Cash from his friend Mr. Eswar. For that we have to create a ledger for Eswar. By default Cash ledger is available and we have to create a ledger for Mr. Eswar. As there is no security provided for such lending, it has to be created using the Unsecured Loan Account Group.

For recording the Loan Receipt

  1. Select Accounting Vouchers option under Transaction in Gateway of Tally Screen.
  2. In the Accounting Voucher Creation screen you can see the type of the Voucher opened.
  3. To change the Voucher Type to Receipt Voucher Type either, select the Receipt button available in the Button Area or press F6 Key using the Keyboard.
is the founder of AccountsGuy.Net with the view of providing Accounting and Technical support using Accounting package Tally ERP 9, and Office Tools to the people. I write articles on Accounts, Blogging, Computer Operating, and technical issues and some of my experiences on them for students, beginners. Follow our Networks or sing-up for the email newsletter below for your daily dose of Tips and Tricks.
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