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Show Opening Balance for Revenue Items in Tally.ERP 9

By Default, the Cost Centre reports will show the opening balance for Non-Revenue Items only.

Note: Revenue Items means all Profit & loss account Items and Non-Revenue Items means all Balance sheet Items.

When you enable the option Show Opening Balance for Revenue Items in Reports? in F11: Accounting Features, the Cost centre reports will show the opening balance for Revenue Items also.

Let’s take an example:

Salesman A - Sales Made and expenses incurred Statement

Date

Party Name

Sales Amount

Conveyance Amount

05-04-2009

Customer X

5000

250

 

 

 

 

25-04-2009

Customer Y

6250

315

 

 

 

 

05-05-2009

Customer Z

5515

350

Salesman B - Sales Made and expenses incurred Statement

Date

Party Name

Sales Amount

Conveyance Amount

08-04-2009

Customer A

15100

750

 

 

 

 

30-04-2009

Customer B

8200

255

 

 

 

 

15-05-2009

Customer C

3650

150

Here, Salesman A and Salesman B are Cost Centres.

Cost Centre Breakup report for Salesman A


[Img-30]

In the above screen, the Opening balances for the month of May is displayed only for the Non-Revenue Items.

Below are the steps for enabling the Opening balance for Revenue Items:

1. Press F11 > F1: Accounting Feature > Enable the option “Show Opening Balance for Revenue Items in Reports?"


[Img-31]

2. Re-load the Company in order to brought forward the opening balance for revenue items.

3. Go to Gateway of Tally > Accounts Info. > Cost Centres > Alter > Select the Cost Centre > Set the option Show Opening Balance for Revenue Items in Reports? to Yes.

4. Now the Cost Centre Reports for SalesMan A will display the Opening Balance for Revenue Items also.


[Img-32]

Let us take a scenario, where the option “Show Opening Balance for Revenue Items in Reports” is enabled in SalesMan A cost centre and the same option is not enabled in SalesMan B cost centre.

The Cost Centre breakup report is displayed as shown:


[Img-33]

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
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