How to use Scenarios

Now that you have created one scenario, you are ready to use it in any report.
But first let's create a reversing journal.
Gateway of Tally->Voucher Entry->F10:Memo
Select Reversing Journals from the list
For 31-12-98 make the following entry:
Dr Depreciation (under Group Indirect Expenses) 15000
Cr Prov. For Depreciation (under Group Fixed Assets) 15000
Narration: depreciation for the month for HO reporting purposes. Actual depreciation to be provided for the whole year at year end.
Accept the Voucher.
Display/Alter a Reversing Journal
You can view or alter the reversing journal through the Reversing Journals Book found under Exceptional Reports.
Gateway of Tally->Display->Exceptional Reports->Reversing Journals
Select a month to list all the reversing journals for that month. Drill down to view or alter the entry.

Using Scenarios in Statements and Reports
You can use scenarios in most statements (not registers) that have the Column buttons active.
Display the Balance Sheet
Select New Column
In the column details, tab down to Types of Values to Show
Select Provisional. You will note that it is described as Scenario.
You now have two columns in the Balance Sheet for the same date; in the figure below for 31-12-98.
Note the Provision for Depreciation figures in both the columns. The actual column shows –18250 while the Provisional column shows –33250. This is because the Provisional Scenario contains a reversing journal for the difference. If you try to drill down the Provisional figure, you will not be able to see the actual transaction as it is not actually in the books. To view it, you must go through the Exceptional Reports Display Menu.
Note that Unadjusted Forex Gain/Loss figure is not included in the Provisional column confirming the Scenario set-up.
You can use the same procedure to create another scenario for Sales Forecasts.
Create a new Scenario and call it Sales Forecasts.
Include Sales Vouchers Optional Only.
Now create 12 Sales Vouchers one in each month in the future. Remember to mark them Optional.
View the Sales Accounts by drilling down the Profit & Loss A/c.
Bring up New Columns and limiting each column date range to the following month.
You will have the sales forecast figures.
For this purpose, you could even used Memorandum Vouchers.

COMMENTS

Comments on this Website
.
Share above Content to Your Friends



Name

access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting interest international Internet Introduction of Tally 9 inventory investment invoice IT Japan Job costing journal entries Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting otcei pakistan parents pay pal pdf pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching wikipedia working capital youtube
false
ltr
item
Accounting Education: How to use Scenarios
How to use Scenarios
Accounting Education
http://www.svtuition.org/2008/04/how-to-use-scenarios.html
http://www.svtuition.org/
http://www.svtuition.org/
http://www.svtuition.org/2008/04/how-to-use-scenarios.html
true
2410664366776677676
UTF-8
Not found any lecture VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock