Managing your outstanding amounts has become a very important part
of business today. Every businessman needs to have a high level of
control on the entire credit cycle, right from exposing a business to a credit,
to managing collections.
For a moment, imagine how you would collect your outstanding in a
manual system. You will identify the customer who has an outstanding for more
than the agreed period, talk to him, mutually agree upon the amount and
probably mail his outstanding statement, for clarification. In normal
circumstances, this entire process will take almost a week.
Using Outstanding Report
- Tally.ERP 9 allows you to
mimic the human chain of action and reduce the time taken for follow up
- This report helps you identify
which of your debtors is overdue.
To view the Ledger Outstanding Report:
- Go to Gateway
of Tally > Display > Statements of accounts > Outstandings > Ledger
The same report
has a C:Contact button on the screen. It
facilitates viewing of the address and contact details of
the selected party.
E-mail outstanding report from Tally.ERP 9
You can also also his outstanding statement from the same
screen, without depending on the courier. Tally.ERP 9 has reduced the time
taken and increased your effectiveness by allowing you to follow up with your
debtors in simple, easy steps. Imagine the time and cost you save on every such
transaction, You can also use this email facility to exchange information with your chartered
accountant as well as other organizations.
To email a report from Tally.ERP
9 execute the following steps:
Go to Gateway
of Tally > Display > Statement of Accounts > Outstanding > Ledger
1. Select the required Ledger Account from the List of Ledger Accounts.
2. Click M: Email or press Alt
3. Accept to Mail the ledger
account details to the client.