Did you know that the Tally.ERP 9 system lets you settle several outstanding bills for a party at one go? Bills for which the actual transfer of goods or services has occurred, but the financial payment is still pending are called outstanding bills. Now you have a faster method to clear a party’s bulk payments for many pending bills together, by simultaneously nullifying the same in your Book of Accounts.
All businesses today, work on a credit basis which means that at any point in time they will have many bills for which payment is currently due. These due payments could be for customers to whom you have supplied the material, and from whom you are yet to receive the money. This scenario would also apply to your vendors from whom you have made purchases, and have contracted to return the due financial compensation at a later date.
Tally.ERP 9 – Auditors’ Edition offers various sampling methods. These include All Vouchers, Amount Range, Even Numbered/Odd Numbered vouchers, Specific Period, Specific Vouchers, and a mathematical tool named Benford Analysis.