In Tally.ERP 9 Accounting Software we can record the Funds flew into the Company while starting the Business. Capital Brought into the firm will be recorded using either Receipt Voucher Type or Journal Voucher in Tally. Both are correct but here we are showing you in different way to pass Capital transaction using the Journal Voucher Type.
|Journal Voucher Entry in Tally.ERP 9|
Every business starts its accounts by passing the Capital brought into the business for purchasing the Assets, Goods, and for paying off the day to day business expenses, if it is a newly started business. And this is the Voucher entry that will be passed in the Books of Accounts. Here, we have created a Company named AccountsGuy.Net in Tally.ERP 9 the proprietor of the firm has brought a initial capital of Rs.1,00,000/- in Cash.
As the Capital is not Traded Receipt, hence it can be recorded using the Journal Voucher Type which is the one of the Accounting Voucher Types in Tally. There are few more transactions like Depreciation, VAT Adjustment, which can only be recorded in Tally.ERP 9 using the Journal Voucher Type.
For recording the Cash brought as capital first we must load the Company and after that
- Select Accounting Vouchers option under Transaction in Gateway of Tally screen.
- In the Accounting Voucher Creation screen you can see the type of the Voucher opened.
- To change the Voucher Type to Journal Voucher Type either select the F7: Journal button available in the Button Area or press F7 Key using the Keyboard.
If you want to allow the Cash or Bank ledgers in the Journal press F12 in the Accounting Voucher Creation screen, set YES for Allow Cash Accounts in Journals option.