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How to Record Expenses with GST in Tally.ERP 9 | English Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on How to Record Expenses with GST in Tally.ERP 9 - English Video Lecture - Tally ERP 9: Complete Training - Software Development

1. How can I record expenses with GST in Tally.ERP 9?
Ans. To record expenses with GST in Tally.ERP 9, you can follow these steps: 1. Go to the Gateway of Tally and select Accounting Vouchers. 2. Choose the type of voucher, such as Payment or Purchase. 3. Enter the necessary details like the party's name, the amount, and the expense ledger. 4. Press Enter and then select the GST details. 5. Enter the appropriate tax rate and select the tax ledgers. 6. Finally, save the voucher to record the expense with GST.
2. What is Tally.ERP 9 and how does it help in recording expenses with GST?
Ans. Tally.ERP 9 is an accounting software widely used for business management and record-keeping purposes. It helps in recording expenses with GST by providing a user-friendly interface and predefined ledgers for GST. The software automatically calculates the GST based on the tax rate and tax ledgers selected during voucher entry. This makes it convenient to maintain accurate records of expenses with GST.
3. Can I record expenses with different GST rates in Tally.ERP 9?
Ans. Yes, you can record expenses with different GST rates in Tally.ERP 9. During voucher entry, you have the option to select the applicable tax rate for each expense. Simply choose the appropriate tax rate and select the respective tax ledgers. Tally.ERP 9 will calculate the GST amount based on the chosen tax rate and record the expense accordingly.
4. How can I view a summary of expenses with GST in Tally.ERP 9?
Ans. To view a summary of expenses with GST in Tally.ERP 9, you can generate a GST report. Follow these steps: 1. Go to the Gateway of Tally and select Display. 2. Choose GST Reports and then select the desired report, such as GSTR-1 or GSTR-2. 3. Customize the report parameters if required, such as the date range. 4. Tally.ERP 9 will generate a summary report showing the expenses with GST, including the tax amounts and respective tax rates.
5. Can I edit or delete a recorded expense with GST in Tally.ERP 9?
Ans. Yes, you can edit or delete a recorded expense with GST in Tally.ERP 9. To edit, locate the voucher in the respective voucher type register and make the necessary changes. Ensure that you update the GST details, including the tax rate and tax ledgers, if required. To delete, select the voucher and press the Delete button. However, note that deleting a voucher will remove it permanently from the system, so exercise caution before deleting any recorded expenses.
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