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How to Maintain Bill Wise details in Tally?

Generally, accountants use tally to manage their business and compliances, but tally is not only for this. Tally is a broad software which help you to manage and reconcile each entry and each statement like bank reconciliation, sundry creditors, sundry debtors.

The feature of reconcile bank reconciliation is available in Bank Statement. For Sundry Creditors and Sundry Debtors you need to enter the bill wise details which is very powerful feature for manage the parties reconciliation and if you enable this feature then no need to reconcile the party ledger manually. Bill wise details also help you to manager your TDS liability and TDS deducted by party.


So First thing you need to do is enable this feature:

On Gateway of Tally - Press F11 and Select Accounting Features and select yes to Maintain Bill Wise Details
Enabling Bill Wise Details in Tally
Enabling Bill Wise Details in Tally
Or you can just press F11 in any voucher entry and then F1 to enable the feature.

There is 2 features under Bill Wise Details

1. Maintain Bill wise details - Allow you to maintain Bill wise details in Balance Sheet Items
2. For Non - Trading accounts also - Allow you to maintain Bill wise details in Balance Sheet and Profit & Loss Items

After enable this feature, you can see a new feature is added in ledger creation / alteration screen.

Bill Wise feature in Tally Ledger Creation / Alteration
Bill Wise feature in Tally Ledger Creation / Alteration
Select yes to maintain bill wise details for any kind of sales / purchase.

Now create any purchase voucher:

Bill wise details in voucher entry
Bill wise details in voucher entry
Now save the voucher entry and go to Display - Statement of Accounts - Outstanding - Payable. Select Sundry Creditors and now you can see the entry passed by you appear here as outstanding (means pending to setoff).

Now again go to voucher entry and select payment voucher, enter party name to dr. field, press enter and enter amount paid to party for which invoice is booked. Press enter and system will show you pending invoices in bill wise details which will be automatically appear as Agst Ref and show you list of bills entered in party ledger and old balance of pending invoices. 


Select invoice number for which you want to made payment. If you want to made part payment then enter the amount and save the voucher, system deduct only part payment from the outstanding amount and show you the balance amount in outstanding summary.

Now we try to manage the TDS deduction entry with bill wise details.

Pass the same entry of expenses and select TDS ledger also.



Now when you pass the TDS payment entry you can see purchase voucher number (not invoice number) on TDS Field:


Here is your party reconciliation is complete. You can also manage the your debtors in same method.

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