"Is it possible to map a loan account to two accounts viz.: Long term and short term?"
At present, it is not possible to map a single ledger under two subheads.
What you can do is to simply pass a JV in Tally by debiting the Loan account and crediting 'Current Maturities' ledger. Thereafter, you may proceed to classify the Loan Account balances under Long Term Borrowings group and Current Maturities under Current Maturities subhead.
Related Articles
Tally export takes a long time
1. Check if the TCP is installed properly and no write permission issue etc. (I think this is the first client that they are trying to export). 2. Monitor Task manager. If the memory utilization is high, Close all other applications and try again 3. ...
How do I finalize data for a particular year?
1. Select Company and Financial year 2. Click "Load Assignment" 3. Click "Generate Final Statement" , once the report is generated the user will see the button for Account finalization active. 4. Click "Finalize Latest version" to finalize the ...
Unable to load assignment for the next year.
Finalize the previous year data as follows. Generate Final Statement -> Generate Report -> Finalize latest version Once finalized, mapping changes or reimport data is not possible.
AssureAI - How to configure Tally plugin in Tally ERP9
Download “Tally Export.tcp” to the path where your Tally is installed(prerferably). Any other work directory will also do, as long as it will not get deleted by mistake. Open Tally ERP Select “F12: Configure” 4. Select “ProducT & Features” 5. Select ...
How to initiate Fixed Assets Automation for existing clients?
Fixed Asset Automation Assure AI now has automated the Tangible & Intangible Assets screen. The system now auto-populates Additions , Deletions and Depreciation for the Current year. However existing clients who have manually entered the values into ...