Hello everyone,
I am looking into the general ledger of the supplier, a purchase entry, purchase order and purchase invoice is raised for me.
I see the total entry is not matching with the closing entry, can anyone help me understand ?
Regards
Need more details of your Payment entry (screenshot of payment entry), maybe amount allocated was 60,000/- during the entry instead of full amount.
Please find the attached payment entry. Also, you are correct about the amount allocated during payment, it was 60,000.
If we look the Total Debit and Credit entry in the last row, shouldn’t it match the closing entry.
How the Total Debit and Credit is calculated? I have Categorized by Voucher (Consolidated) selected.
This the only purchase cycle added in the company and I am not understanding how these are created?
In this case, allocated amount should be 70,800 and TDS, GST if any should be adjusted accordingly. If your entire liability is paid, only then it will match your invoice amount / creditors. If you search the forum you may find many examples for different scenarios.
@Pawan Please bear me and my silly questions, I am not able to make you understand but my question is not about matching the invoice amount / creditors bill. My question is how system is showing 1,80,000 (Debit), 2,12,400 (Credit) and 27,600(balance)?
Shouldn’t it be 60,000 (Debit), 70,8000 (Credit) and -10,800(balance)?