It means that 

Either Date of Entry is Incorrect

or

Current Period Selected is incorrect

or

Date while making Company was Incorrect

 

 

If Date is Incorrect

Change date by Pressing F2

 

Current Period Selected is incorrect

Go to Home Page(Gateway of Tally) by Pressing Esc

Change Period by pressing Alt F2

Suppose we want to pass entry on 10 May 2016,period should be 2016-17 i.e.from 1/4/2016 to 31/03/2017

 

Date while making Company was Incorrect

Company Info--->Alter--->Select Company

Check both dates

Financial Year Beginning from

Books beginning from

 

Both dates are normally same (Suppose we want to pass entry on 10 May 2016,period should be 2016-17 both Financial Year Beginning from and Books beginning from dates should be 1/4/2016

(Some people wrongly put 31 March in books beginning from)

 

 

 

  1. Tally
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .