TC Blore Receivables and Payables

Accounts receivable & payable can be managed in TallyPrime using which of these features?

• Ledgers
• Bill-wise
• Invoices

Is it possible to enable Bill wise feature for non-trading a/cs like loan a/cs, capital account, Expense & incomes?

• True
• Faslse

How to generate Ageing analysis for the outstanding bills?

• Press F12 under receivable or payable report
• Click on Basis of values option under Receivable or payable report
• Press F6: Ageing method under Receivable or Payable report

How many ageing methods are available for generating ageing analysis?

• Bill date or Voucher date
• Due date of the invoice
• Both of these

How to list the cleared bills under outstanding report?

• From ledger outstanding report> click on Basis of Values > select type of bills as "All bills"
• From ledger outstanding report> click on Exceptions reports
• From receivable report> click on Basis of values> Select type of bills as "All Bills"

Alt+B: Settle bills option under Ledger outstanding report is used for -

• To record receipt voucher to knock off all the pending sales
• To record payment voucher to knock off all the pending purchases
• Both of these

What is Reminder letter?

• Reminder letters are shared with vendors for sending the goods purchased
• Reminder letters are sent to customers or businesses to remind about the pending bills against which payment is due.
• Reminder letter is shared with customer for purchasing the goods

How can Reminder letters be printed for multiple ledgers?

• From Alt+P: Print menu> Others> All ledger outstandings/Group outstandings> Change report type to "Reminder letter"
• From Alt:G:GoTo: Reminder letters
• From Alt+P: Print menu>Others> Reminder letters

How can we specify Credit limit for all parties in one screen?

• Not possible in one single screen
• Need to specify in every single ledger
• Master creation/alteration> Show more> Credit limit> Select the group

Is it possible to restrict selection of On-account reference under invoices for the data entry users?

• Yes, it needs to be customized
• Yes, from Alt+K: Company> User management: User role> Enable the option "Exclude on-account from Bill allocations"
• Not possible