This article provides solution to handle the cheque bounce/return scenario in Tally.ERP 9

Query

How do I pass a Cheque Bounce/Return/Dishonor entry in Tally.ERP 9?

Or

I had passed a Receipt entry for the amount received from my debtor (customer). However the cheque has bounced. Now how do I handle the cheque bounce scenario in Tally.ERP 9?

Answer

Pass a Receipt Voucher, for the amount received from the debtor (customer):

When the Cheque has bounced/returned, now need to pass a reversal entry using a Payment voucher by debiting Debtor and crediting Bank A/c:

Note:

1. In this scenario, as you have passed Receipt Entry to record payment, it is necessary to pass even reversal/return/bounce entry to balances matches during Bank Reconciliation.

2. A separate voucher type named Cheque Bounce under Payment voucher can be created to track cheque bounce entries.

3. You may also pass the reversal entry using a Journal voucher, by enabling the option Allow Cash Accounts in Journal in Journal Voucher Configuration.

4. Even it is possible through Debit/Credit Note for these reversal entry, but need to ensure “Allow Cash Account in Journal” is enabled in Journal then Cash/Bank ledges appears in Debit/Credit Notes.  

5. Similarly, need to pass reversal entry (Receipt Voucher) when the issued cheque is bounced.

 
 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
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