TCS in ManageEasy - purchase invoice

TCS in ManageEasy - purchase invoice

What is TCS(Tax collected at source)? Click the link to know about the TCS concept.

Required software version - GOFRUGAL ManageEasy 6.3.6.4

#TCS for a purchase invoice

 In the purchase entry screen, enter the invoice details and click Save [F2]. After entering the discount, necessary charges and the invoice amount,
the below "TCS paid amount" will pop-up. Enter the TCS amount in the pop-up and click "ok"  to save.
Once saved, a journal entry will be automatically passed for the TCS value. (TCS is exclusive of the invoice amount)

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#Verification in reports

Step 1 : Navigate to AccountsEasy module by clicking on"Accounts"

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Step 2 : In the AccountsEasy screen, navigate to Ledger report. (Can also be viewed in other reports like day book, journal register etc...)

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Step 3: Choose the supplier/ party from the ledger list

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Step 4 : Drill down for the required period by clicking enter

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Step 5: In the below screen we can view the automatic TCS journal entry posted under the supplier ledger

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#TCS Outstanding report and clearance in AccountsEasy

To view the outstanding report  : Go to Reports -> outstanding -> supplier outstanding report -> choose the customer ledger -> Drill down the respective month
In the below image, you can view the sales bill of Rs 71,250 and it's TDS journal entry

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To clear the outstanding  : Go to Transactions -> bill wise receipts ( Can also be adjusted in single entry mode receipt screen)
In the below image you can notice the sales bill of Rs 71,250 and its TDS journal entry of Rs 53.44. In this screen we can adjust the bills

https://www.youtube.com/watch?v=n7OISqS8buE - view this youtube to use bill wise receipt entry screen
https://www.youtube.com/watch?v=Pu8CkKFYk5o -  view this youtube to use single entry mode receipt screen

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