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Did you know that Tally.ERP 9 has Receipts and Payments report that displays the cash flow summary of an organization with Cash and Bank balance for a specified period? Now, Non-Profit Organizations and NGO’s have a perfect solution for their book keeping and reporting requirements.
Non-Profit organizations (Charitable trust, Sports club, NGO’s etc.) are heavily dependent on their
Incomes and Expenses report to manage and keep a track of their funds. To meet these requirements,
Tally.ERP 9 presents Receipts and Payments report that provides cash flow summary of the organization.
This report begins with the opening Cash and Bank balance at the commencement and ends with the closing
Cash and Bank balance, in contrast to the Cash Flow report that does not consider the Opening Balance of
cash.
The Receipts and Payments report shows only the realized amount of organization’s Incomes and
Expenses for the specified period but not the outstanding receivables and payables. On the report, the
receipts are presented on the debit side while payments are on the credit side. Most importantly, the report
displays up to date information from the date of opening the Cash Book till the last entry of the date
specified.
To view Receipts and Payments report in Tally.ERP 9:
Go to Gateway of Tally > Display > Receipts and Payments
there are so many option given by tally, we can choose wherever necessary ex: if you need income & expenditure account instead of profit & loss account you can make configure the same by doing changes in accounting feature,
receipt & payment account is there in tally in display menu
check in F11 and F12 settings, you can find and clear your doubt
