BASIC JOURNAL ACCOUNTING BY SUBODH KUMAR: 2019

Sesson 40

Intrastate goods purchases:-

On 1^st July 2017, purchased 100 no Rel Comm Series All Mobile phones

@ Rs. 7400 each from Rel Comm Mobiles, Maharashtra.

Invoice No. RCM/0107. CGST @ 6% & SGST @ 6%

Intrastate goods sales:-

On 2^nd July, we sold 50 Rel Comm Series All Mobile phones at

The rate of Rs. 10,000 each to Mobile Gallery, Maharashtra. The

Invoice number is MG/02017. Extra packaging cost is Rs. 1,000.

CGST & SGST are 6% each.

Interstate Goods purchases:-

On 3^rd July 2017, purchased 200 India Air Bol Series

G12 at Rs. 9,500/- each from India AirBol Mobiles, Karnataka.

Invoice No. IAM/0307. IGST 12%

Interstate Goods sales:-

On 4^th July 2017, we sold 200 numbers of India

AirBol Series G12 at Rs. 15, 000/- each to Mobiles

Home, Tamil Nadu. The invoice number is

MH/0407. The IGST is 12%.

Sales Return :-

On 10^th July, a mobile gallery returned 20

Damaged mobiles.

Purchases Return:-

On 12^th july, returned 20 damaged mobiles to

Rel Comm Mobiles

Sale with inclusive of taxes:-

On 14^th July sold 50 Rel Comm Series A11 @ Rs. 11,000/- inclusive

Tax to New India Mobile Shoppe, Maharashtra.

Payroll

Payroll means salary calculation of an employee in the business.

Payroll is simply an aggregation of total amount wages paid by the business to its employees.

The total amount of money that a company pay to its employees.

Pay Head:-

Basic Salary

H.R.A.

T.A.

D.A.

Bonus

Leave

P.F.

Overtime

Payroll Processing in Tally

Payroll:-

Employee Databases

Leave & Attendance

Overtime / Production

Income- Tax

Loans & Advances

Salary & Increments

Pay-slip

Provident Fund

Professional Tax

Employee State Insurance

National Pension Scheme

Five Easy Steps to Payrol:-

(1)	(2)	(3)	(4)	(5)
Create Employee Master	Create Payroll Master	Create Pay Heads	Create Salary Details	Process Payroll
1 Employee Groups 2 Employee Master	1 Payroll Unit 2 Attendance / Production Type	1 Earning 2 Deductions 3 Employees’ Statutory Deductions 4 Employees’ Statutory Contributions	1 Group Pay Structure 2 Individual Pay Structure	1 Attendance Process 2 Payroll Process 3 Payroll Reports

Example:-

Mr. Chandan Kumar is an employee of a company as an assistance manager, (Branch office Mahua) in the department of marketing. He absents 3 days and Overtime 20 hrs in the month. Absenting charge ₹ 200/- per day and Overtime rate ₹ 200/- per hour. His Salary details are following:-

Basic Salary :- 50,000/-

Bonus :- 1,000/-

D.A. :- 5,000/-

H.R.A. :- 5,000/-

Overtime :- 4,000/-

T.A. :- 5,000/-

Leave :- ( 600/-)

P.F. :- ( 5,000/-)

Request to you prepare Pay-slip of Mr. Chandan Kumar in tally.

Enabling Payroll :-

Gateway of Tally > F:11 Company Features > Accounting Features > Cost / Profit centre managements > Maintain Payroll – “Yes”

Payroll Info

The Payroll Info. Allows to set up the employee defaults and standard payroll information with common payroll fields used for calculating earning and deductions.

Payroll Info:-

Gateway of Tally > Payroll Info.

Payroll Info.

Employee Categories

Employee Groups

Employee

Units (Work)

Attendance/ProductionTypes

Pay Heads

Salary Details

Voucher Types

Quit

Employee Categories:-

Each categories is unique with regard to type of work performed, job security, benefits package, and ability to organize unions. Assignment to an employee category is based upon job title and the role of the position.

Following are the employee categories in the business/company:

· Account Department

· Sales Department

· Managing Department

· Branch office Mahua

· Branch office Hajipur

· Branch office Sonpur

· Branch office Patepur etc.

Employee Categories Creation:-

Gateway of Tally > Payroll Info.> Employee Categories > Create

Employee Group:-

Employee Group allows to group employees in a logical manner.

The salary structure can be defined at the employee group level.

Following are the employee group by designation:

· Managers

· Field Managers

· Supervisors

· Senior Accountants

· Junior Accountants

· Computer Operators

· Clerks

· Peons

· Workers

· Sales Department

· Marketing Department etc.

Employee group creation:-

Gateway of Tally > Payroll Info. > Employee Group > Create

1. Sales Department

2. Marketing Department

Unit creation :-

Gateway of Tally > Payroll Info. > Unit > Create

1. Hrs (Hours)

2. Min (Minutes)

3. Hrs of 60 min

Attendance / Production Types creation:-

Gateway of Tally > Payroll Info > Attendance / Production > Create

Name	Under	Type	Unit
1. Leave	Primary	Leave without Pay	Day
2. Overtime	Primary	Production	Hrs of 60 min

Pay Head :-

A Pay Head is categorized as allowances, Deductions or Reimbursements in tally, Payhead types are provided in natural language for ease of use, as follow in this we have to define Basic, H.R.A, D.A, P.F, Bonus, etc.

Pay Head Creation:-