This part 4 deep study includes two head point one is invoicing and other is budget management . In invoicing tally 9 shows Three main button
Each transaction is entered through voucher . In a voucher , you first make the accounting entries . Followed by inventory allocation requiring prior computation of bill value.
First button has two part
Allow Invoice means passing all entries with full detail like name , quantity , unit , rate etc
So if you want all detail in your voucher entries then you will write yes in this option other wise you can write no
Enter purchase in invoice format
Purchase invoice is an external document . The computed figures are already available in purchase invoice . If you want to enter purchase bills in invoice mode also , respond yes. Responding no will restrict to enter transactions in voucher mode only.
Respond yes if you want to use debit and credit note vouchers. Debit and credit note vouchers are required for entry of returned goods. If you set no , the accounting entries for returned goods should be made through journal voucher ,I do not recommend . When set to yes , you get following queries whether you wish to enter credit notes and debit notes in invoice format also.
Use invoice mode for credit notes
If you wish to enter credit note in invoice format also , respond yes other wise you can enter credit notes only in voucher format.
Use invoice mode for debit notes
If you wish to enter debit note in invoice format also respond yes otherwise you can enter debit notes only in voucher format.Now we discuss second head point
Tally 9 changed his feature F11 format fully . Now It shows budget and scenario management
Maintain budget and controls
Every business has its objectives and goals .It must have an efficient mechanism to set its targets and appraisal of achievements in respect of the target . To achieve the important managerial controls . Tally 9 provides flexible system of budget . You can create multiple budgets for different purpose , for example bank , sales or financial etc. Apart from actual reports , you may also need reports on different hypothesis .In tally 9 , you can create different scenarios and get what if reports on that basis.
So simply write yes if you want to create budget and compare with actual data.
If you want that when i pass the voucher entry , its effect will not change the value of final accounts then you will write yes in revising and optional voucher . Because , after this you can make your temporary vouchers for accounting work in process not complete .