I am starting 2nd part of deep study of Feature F11 of tally 9 . Earlier , we have studied part 1 of this deep study . Today , We discuss second part . Our main objective of second part to give you the full understanding of Oustanding Management . What is outstanding management . This feature is relating to advance feature . Only those business where , we have necessary to maintain our records on the basis of bills and we also want to calculate interest . There are two main button and two sub-button in this feature .
Maintain bill -wise details yes or no
If , it is the need of business that you have to maintain and show all voucher entries on the basis of bill and giving print to your customer then write this option yes other wise there is no need of this button and with this button you are also seeing non trading a/c also . It means can it apply on ngo type business , if you do yes after this ngo can take the benefit of bill wise detail
Activate Interest Calculation is a very important button for investing and financing companies like banks , investors and money lenders and money taker. In other words , it is very necessary to calculate of interest on loan given or taken . So yes if you want to activate this facility in your business accounting . If there is no above case , then there is no need to activate this button and write no. You see also use advance parameters ? yes or no . This is also related with main button of activate interest calculation . If you want full detail of your interest with statement basis then activate this button .
Next time we will discuss third part .