There is not so much difference between recording of VAT for India and for Indonesia in Tally.ERP 9. Almost, same rules will apply for VAT recording in Tally software. If you know to record VAT for India in Tally.ERP 9, it will be easy to learn this. Ok, we are explaining its simple steps.
Step 1. Company creation
If you are Indonesian company, you have to create your company first in Tally.ERP 9. You must choose Indonesia in Statutory compliance option when you will create your Indonesian company in this accounting software.
Step 2. Change Features F11 for enable VAT
Right side below will be F11 Features, you have to choose statutory features. Enable VAT, you to write yes and then you have to write 15 digit your VAT registration no. which you have to get from ministry of finance of Indonesia. You also write the date of registeration and Tax Invoice code. For example it may be
VAT Regn. No. 123456789112345
Tax Invoice code : APIYZ-948-0001321
Step 3. Ledger Creation
In single day, you can pass million purchase and sales entries with VAT but for this, you need to create main ledgers which is must for passing entries in Tally.ERP 9. But remember, if there is new supplier or customer, you must create its ledger before passing voucher entry in Tally. Just go to Gateway of tally > account info > ledger >Create, you have to create following ledger creation.
(a) Create Purchase @10% Ledger Under Purchase Account
You have to create purchase @10% and must keep it under purchase account. Inventory affected must be yes and VAT, you have to write yes.
(b) Create Sales@ 10% Ledger Under Sales Account
You have to create Sales@ 10% and must keep it under Sales Account . Inventory affected must be yes and VAT, you have to write yes.
(c) Create Input VAT under duties and taxes
You have to create Input VAT and must keep it under duties and taxes . Inventory affected must be no and VAT, you have to write yes.
(d) Create Output VAT under duties and taxes
You have to create Output VAT and must keep it under duties and taxes . Inventory affected must be no and VAT, you have to write yes.
(e) Create sundry creditors Ledger
Now, you have to create the name of supplier and must keep it under sundry creditor. Inventory affected must be no.
(f) Create Sundry Debtors Ledger
Now, you have to create the name of customer and must keep it under sundry debtor. Inventory affected must be no.
Step 4. Create voucher type of Sales
For getting unique Tax Invoice No, you have to create voucher type of sales. Create Standard Sales by just going to
Gateway of Tally > account info > Voucher types
Type will be sales. Tax Invoice must be Yes.
Step 5. Voucher Entries
(a) Pass Purchase Entries with VAT in purchase voucher
Just go to Gateway of Tall > Accounting Vouchers > Purchase Voucher (choose from right-side)
If you do not create stock item. You can create it in stock item. Just reach stock items and then press short-cut Alt+C and Create Stock item. For unit creation, again short-cut is Alt+C. After writing quantity, rate and value. Press enter and then Write V and choose VAT Input from pop up. It will write automatically amount of VAT on your purchase which you have to pay with payment amount to creditor in future.
(b) Pass Sales Entries with VAT in Sales Vouchers
Just go to Gateway of Tall > Accounting Vouchers > Sales Voucher (choose from right-side)
* Choose standard sales voucher
Pass sales entry with VAT amount.
Step 6. Track VAT Records
Just go to display Menu and then go to statutory reports. In this choose VAT reports. Then choose VAT computation. Now, you can track the payable or refundable value of VAT which you have to deposit or get from Ministry of Finance of Indonesia.
Video Tutorial
Step 1. Company creation
If you are Indonesian company, you have to create your company first in Tally.ERP 9. You must choose Indonesia in Statutory compliance option when you will create your Indonesian company in this accounting software.
Step 2. Change Features F11 for enable VAT
Right side below will be F11 Features, you have to choose statutory features. Enable VAT, you to write yes and then you have to write 15 digit your VAT registration no. which you have to get from ministry of finance of Indonesia. You also write the date of registeration and Tax Invoice code. For example it may be
VAT Regn. No. 123456789112345
Tax Invoice code : APIYZ-948-0001321
Step 3. Ledger Creation
In single day, you can pass million purchase and sales entries with VAT but for this, you need to create main ledgers which is must for passing entries in Tally.ERP 9. But remember, if there is new supplier or customer, you must create its ledger before passing voucher entry in Tally. Just go to Gateway of tally > account info > ledger >Create, you have to create following ledger creation.
(a) Create Purchase @10% Ledger Under Purchase Account
You have to create purchase @10% and must keep it under purchase account. Inventory affected must be yes and VAT, you have to write yes.
(b) Create Sales@ 10% Ledger Under Sales Account
You have to create Sales@ 10% and must keep it under Sales Account . Inventory affected must be yes and VAT, you have to write yes.
You have to create Input VAT and must keep it under duties and taxes . Inventory affected must be no and VAT, you have to write yes.
(d) Create Output VAT under duties and taxes
You have to create Output VAT and must keep it under duties and taxes . Inventory affected must be no and VAT, you have to write yes.
(e) Create sundry creditors Ledger
Now, you have to create the name of supplier and must keep it under sundry creditor. Inventory affected must be no.
(f) Create Sundry Debtors Ledger
Now, you have to create the name of customer and must keep it under sundry debtor. Inventory affected must be no.
Step 4. Create voucher type of Sales
For getting unique Tax Invoice No, you have to create voucher type of sales. Create Standard Sales by just going to
Gateway of Tally > account info > Voucher types
Type will be sales. Tax Invoice must be Yes.
Step 5. Voucher Entries
(a) Pass Purchase Entries with VAT in purchase voucher
Just go to Gateway of Tall > Accounting Vouchers > Purchase Voucher (choose from right-side)
If you do not create stock item. You can create it in stock item. Just reach stock items and then press short-cut Alt+C and Create Stock item. For unit creation, again short-cut is Alt+C. After writing quantity, rate and value. Press enter and then Write V and choose VAT Input from pop up. It will write automatically amount of VAT on your purchase which you have to pay with payment amount to creditor in future.
(b) Pass Sales Entries with VAT in Sales Vouchers
Just go to Gateway of Tall > Accounting Vouchers > Sales Voucher (choose from right-side)
Pass sales entry with VAT amount.
Step 6. Track VAT Records
Just go to display Menu and then go to statutory reports. In this choose VAT reports. Then choose VAT computation. Now, you can track the payable or refundable value of VAT which you have to deposit or get from Ministry of Finance of Indonesia.
Video Tutorial
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