While passing entry,following things should be taken care of

  • Totaling of bill (Some vendors do cheating while totalling)
  • Vat No if vat) charged on bill, same for service tax and excise
  • If tds deductible, pan no available,if no pan  no 20% tds
  • Maintain Cost Centre
  • Maintain Bill Details(New Ref/Agst Ref)
  • Due date of payment

Also it should be ensured that it is not a duplicate bill by checking old entries of Party in Tally

 

  1. Accounts and Finance
  2. AP and AR Process

About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.