How to Get Bill Wise Accounting in Tally ERP 9
                     How to Get Bill 
Wise Accounting 
in Tally ERP 9?
Accounting by the Bill is 
What It Is?
If a voucher entry is being made into a ledger that 
requires bill-by-bill specifics, such specifics must be 
provided at the time of the voucher entry. This is the 
place where we may view individual bill information, as 
well as credit period facts, and obtain an accurate 
ledger balance. You can learn more about Tally ERP by 
taking a Tally prime course in Ahmedabad.
However, it gets complicated to link a payment to an 
invoice when there are several entries. A Bill-Wise 
Accounting system is used for this purpose, as it allows 
information about creditors and debtors to be tracked 
at the invoice level.
In TallyERP 9, where do we 
Locate the Bill wise 
Accounting Section?
Tally provides us with the option to do accounting per 
bill, which is quite helpful.
Under the Accounting subheading of ERP 9 (F11)
Path of Entry:
Four distinct kinds of information can be found in a 
bill’s line items.
The New Standard for Reference
To pass sales and buy entries that will be used as 
references for Against entries in the general ledger’s 
sundry creditors and debtors ledger, this is used.
Contrary to the Terms of Reference
When passing original entries like sales and purchases, 
this reference is matched up with the references 
produced at the moment of passing.
Advance
This term is used to indicate the receipt of money in 
advance in exchange for products or services that will 
be provided in the future or the payment of money in 
advance in order to make a future transaction.
This type of bill-by-bill detail is kept in cases where, 
due to the nature of the service, the nature of the 
product, or the terms of business, advance receipts or 
advance payments are required. These entries can 
then be used as a point of reference when it comes 
time to generate an invoice or bill for the rendered 
services or goods.
In Reckoning
These terms are used in the context of an interest 
receipt entry or an interest payment entry. But this 
form of reference is also utilized when it is unclear 
which bill the debtor has paid off.
Since it may take some time to sort out which Invoice a 
given sum belongs to, all entries of this type are filed 
under this reference.
In Tally.ERP 9, how can I enable Bill-wise 
Accounting?
Tally’s implementation of this function is straightforward.
ERP 9
Step 1:
In the F11: Accounting Features window, click the 
Maintenance tab, and then click the Yes button next to 
Maintain Bill-wise Details.
Step 2:
To set up a Party (Ledger Account) in the category of 
Miscellaneous Debtors and Creditors
Step 3:
At the time of ledger establishment, retain balances per 
bill should be set to Yes for all parties involved.
Form of Reporting
Description
Payables by Individual Party / Outstanding Bills by 
Party.
 Open the Outstandings submenu and then choose 
Ledger.
 Group Outstanding report – Bill wise outstanding This 
report will show us the individual bills that are still 
outstanding for the given party, as well as the total 
amount that is still owed.
From the Outstandings drop-down, choose Group, and 
then select the desired group or subgroup from which 
to view the outstandings report.
Analysis of Ageing Data: Bills Outstanding by 
Category
Outstandings can be viewed across time intervals that 
we define, allowing us to do a “Ageing Analysis of 
Outstandings.”
 As in, “from 0 to 30 days,” “from 30 to 45 days,” 
“from 45 to 75 days,” and so on.
 Gateway of Tally > Display > Outstandings > 
Receivables or Payables to get the Ageing Analysis 
Report.
 Use the F6 key to advance (Age wise)
 Give Details About the Time Periods and How They 
Are Calculated
Financial Reporting by Invoice for Non-trading 
Accounts
Tally allows you to keep track of every expense incurred for 
your business.
In ERP 9, Bill-wise Information is Used to Create an Invoice. 
Non-trading accounts, such as Loans, Advances, Installment 
Payments, etc., have access to the same robust and 
straightforward tracking and management capability.
Invoices for costs, payments due, and loan disbursements 
may all be kept tabs on with this convenient tool. This 
allows “Bill wise Details” to be used to easily generate 
payables and receivables reports and keep tabs on the 
specifics of any payments that have been made or are 
owed.
Article Source: 
https://watzaoweb.com/how-to-get-bill-wise-accounting-in-t
ally-erp-9-2/
 
Super 20 Training Institute
www.s20.in 
+91 7069 646028
Address
205, Narayankrupa Square, 
Opp. H K Commerce College, 
Gandhigram Railway Crossing, 
Ashram Road, 
Ahmedabad – 380009