Memo voucher:-
This is non-accounting voucher and the entries made using
it will not affect your accounts. That is, Tally does not post these entries to
ledgers but stores them in a separate “memo Register”. You can alter and
convert a memo voucher into a regular voucher when you decide to bring the
entry into your books. View all optional vouchers through Displayà Exception Reports à Optional Vouchers. View them from the day book as well.
Some uses for Memo vouchers:
Making suspense payments
For example, the company
gives an employee cash to buy office supplies, the exact nature and cost of
which are unknown. You could enter a voucher for the petty cash advance, a
voucher to record the actual expenditure details when they are known, and
another voucher to record the return of surplus cash. However, a simpler way is
to enter a Memo voucher when the cash is advanced, and then turn it into a
Payment voucher for the actual amount spent, when known.
Vouchers not verified at the
time of entry.
It sometimes happens that
you do not understand the details of a voucher you are entering. Enter it as a
memo voucher and amend it when you get the details.
Items given on approval
You will normally only enter
completed sales into the books. Suppose items are given “on approval”. You can
track them with a Memo voucher and convert it into a proper sales voucher, or
delete the Memo voucher, depending on the outcome.
Reminder service
You can enter a memo voucher for a transaction that will
take place in the future and get Tally to remind you about it one day prior to
the date. For example, insurance premiums due, taxes due,
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