Advance Receipt Voucher Posting

Ankur Upadhyay
watch_later 3 years, 8 months ago

How to make advance receipt against sales order and voucher posting under GST Tax,

and how to adjust with invoices

  • chatComments
    At knowyourgst, we have invoicing application. Very soon may be by tomorrow we plan to add receipt vouchers also. You can use these tools. - Pulkit Sharma
1 Answer

Pulkit Sharma watch_later 3 years, 8 months ago

The format of advance received is same as invoice.

Need to charge tax on amount received.

However the payer will not get input credit unless he gets tax invoice with materials or service is supplied.

  • chatComments
    i am confused how to voucher ledger posting - Ankur Upadhyay
    Normal accounting. For a guidance read the accounting article I posted last week. Ask a seperate question for accounting with sample of how your tried. Accounting is a framework, actual differs with each accountant :) - Pulkit Sharma
    I am confused how to accounting ledger posting against advice receipt - Ankur Upadhyay
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