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Reversing Voucher in Tally 9.0

Reversing Journals are special journals that are automatically reversed after a specified date. They exist only till that date
and are effective only when they are included in reports.  These are used in interim reporting in the course of the financial
year where accruals are to be reported. These accruals are usually short term and are cleared in the subsequent period.
However, to get a proper perspective, decision makers require the reports with full impact of all aspects and transactions.

To activate Reversing Journals,

Go to Gateway of Tally

  1. Select F11: F1: Accounting Feature

  2. Set Use Reversing Journals & Optional Vouchers? to Yes.

  3. Accept the screen to save.

You may use reversion journal for accounting for or providing for depreciation. Since, depreciation is usually provided
during at the end of the year, using the Reversing journal you may include them for monthly reporting or a specific period
to give more accurate status or position.

Let us take an example:

On 30th June you want to view the Balance Sheet but June month’s rent is not been paid. You may create a Scenario
(refer Scenario Management for more information) and pass a Reversing Journal entry to view the reports which will be
effective up to the applicable date. When you view the Balance Sheet, Tally.ERP 9 displays the report with the reversing
journals included. The voucher affects the report only for that day, 30th June.

Reversing Voucher in Tally9

Applicable up to

The reversing Journal is available for inclusion in a scenario report till this date. The Reversing Journal can be created as
of a particular date and made Applicable up to a different date.

Reversing Journal Register

All vouchers are maintained in a Reversing Journal Register. These are not posted to any books of accounts and cannot
be included in regular reports. They can only be seen using a scenario.

Go to Gateway of Tally> Display> Exception Reports> Reversing Journals

Bank Reconciliation
Post Dated Voucher
Manufacturing Voucher
MRP feature from VAT
Capital Goods in VAT
Movement Analysis
Optional Voucher in Tally
Budgets in Tally
Reversing Journals in Tally
Backup & Restore
Bill-wise Details
Tracking Number
Sale of Exempted Goods
Exporting Master Data
Memorandum Voucher
'0' Value Entries in Voucher
Use Different Actual & Billed Qty
Separate Disc. Column in Inv.
Purchase & Sales Order
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