How To Record Payment Entry in TallyPrime | With Practical Example

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In the previous article, we saw “How to record Sales Entry? “, now we will see how to record payment entry in TallyPrime. So let’s start…..


Record Payment Entry from the Gateway of Tally

1. Launch TallyPrime.

2. Select the company for you want to pass the entry.

3. From the gateway of TallyPrime, press “V” or click on “Vouchers”.” Accounting Voucher Creation screen” will appear. Press “F5” to enable/ activate the Payment Voucher.

Record Payment Entry in Tally-EduTaxTuber TallyPrime

In TallyPrime this is the new feature, here you have to just press “F10” from the “Accounting creation voucher” screen.

Change voucher type screen will appear in that you need to search your voucher type or select your voucher from the “List of Voucher Type

Record Payment Entry in Tally-EduTaxTuber TallyPrime

4. You can change the Voucher Mode from Double Entry to Single Entry or vice versa. To change that press “CTRL + H” or click on “Change Mode”, “Change Voucher Mode” screen will appear, from there choose the option of ” Double Entry or Single Entry”.

Record Payment Entry in Tally-EduTaxTuber TallyPrime

Let’s see with the example

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Tech Life Made Payment of Rs. 37,50,000/ to Infosys Private Limited, against bill No. MH/1/2020 dated 1ST April 2020 via HDFC bank on 2nd April, 2020.

For recording this entry please go through the previous article for “Recording of Purchase Entry”. Taking the base of that entry, we need two ledgers 1. Creditors ledger (Infosys Private Limited) and 2. Bank Account (HDFC Bank, create this ledger under the head bank account).

Write narration and after recording entry press Page Up “Pg Up” and you can see the recorded entry.

Record Payment Entry in Tally-EduTaxTuber

Record Payment Entry from anywhere in TallyPrime Screen

Because of the new feature in TallyPrime i.e. “Go To” or “ALT + G” you can record Payment entry from anywhere on the screen.

Record Payment Entry from Balance Sheet

From the Balance Sheet press “ALT + G” or click on “G: Go To” and select “Create Voucher” and press “F5” and start recording Sales entry.

Tech Life Made payment of Rs. 1,87,500 to Infosys Private Limited on 2nd April, 2020 against invoice No. MH/2/2020 via HDFC bank.

Note: For recording purchase entry refer this : “How to record purchase entry?”.

Record Payment Entry in Tally-EduTaxTuber TallyPrime

Record Payment Entry from Profit & Loss A/c

From the Profit & Loss A/c press “ALT + G” or click on “G: Go To” and select “Create Voucher” and press “F5” and start recording Payment entry.

Record Payment Entry in Tally-EduTaxTuber TallyPrime

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