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How to Account Sales Commission and Deduct TDS in the same voucher? @ Tally.ERP9


How to account Sales Commission and deduct TDS in the same voucher?


In Tally.ERP 9, from release 1.8 you can record sales commission transactions in Credit Note and Deduct TDS on Commission

Example: ABC Company sells the goods to partners on a condition that, on each sales Rs.100 will be paid as sales commission. To account sales commission separate expense entry is not booked in Journal but directly a credit note is raised in favour of the partner (to reduce party outstandings) and TDS is deducted on commission. As on 15-10-2009 ABC Company has to pay Rs. 50,000 commission (sales) to partner Mark IT Solutions.

1. Record the transaction in Credit Note

Set up: Ensure in F11: Features (F1: Accounting Features) following options are set to Yes

  • Use Debit/Credit Notes
  • Use Invoice mode for Credit Notes

Go to Gateway of Tally > Accounting Vouchers > Ctrl + F8: Credit Note (Account Invoice Mode)

  1. In Party A/c Name field select Mark IT Solutions
  2. Under Particulars field select Commission Charges Ledger to account commission expenses
  3. In Amount field enter Rs.50,000 (total commission due for the party)
  4. Under Particulars select TDS - Commission Or Brokerage ledger to deduct TDS on the payment of commission.
  5. In TDS Details screen
    • In Type of Ref field select New Ref
    • In Name field accept the default Reference Number –CNote/ 3-1
    • In Nature of Payment field select Commission Or Brokerage will be defaulted automatically
    • Assessable Amount and TDS Amount field details are defaulted automatically, based on the information provided in the voucher
Account Sales Commission and Deduct TDS in the same voucher @ Tally.ERP9

TDS Deducted on Commission Rs. 5000 will be displayed with Negative sign

     6. In Bill-wise Details screen

  • In Type of Ref field select New Ref (if Required you can select Agst Ref to adjust against the sales bill)
  • In Name field enter the Bill Reference Number as CN/001
  • Accept the default amount allocation and Dr/Cr. By default Tally.ERP 9 displays the Bill amount in the amount field as the credit balance.
  • Press Enter, select New Ref as Type of Ref and enter Bill name as CN/001
  • Skip the Due Date or Credit Days field and accept the default amount allocation and Dr/Cr. By default Tally.ERP 9 displays the Tax amount in the amount field as the debit balance.
Account Sales Commission and Deduct TDS in the same voucher @ Tally.ERP9
Completed Credit Note voucher is displayed as shown
Account Sales Commission and Deduct TDS in the same voucher @ Tally.ERP9
7. Press Enter to accept and save.
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