04. Bank Transfer

Bank Transfer salary

Bank transfer refers to disbursement of Salaries directly into the Employee Bank Accounts by intimating the Bank through a Payment advice. Tally.ERP 9 facilitates processing salaries through Bank transfer with the help of predefined Salary process

Step 1: Create Attendance Voucher

Create Attendance Vouchers for Present days and Overtime hours for May 2009 as per the details given in the above table. The completed Attendance Voucher for Present days is displayed as shown:

In the same way, create an Attendance Voucher for Overtime Hours. The completed Attendance Voucher for Overtime Hours is displayed as shown:

Step 2: Create Salary Payable Ledger

Before passing the Salary payment voucher, create the following ledger:

Go to Gateway of Tally > Payroll Info. > Pay Heads > Create The completed Salary Payable Ledger creation screen is displayed as shown:

Step 3: Create Payroll Voucher

1.Press Ctrl+F4 for Payroll Voucher

2.Press F2, specify the date as 31-05-2009 and press Enter

3.Press Alt+A (Payroll Auto Fill) to prefill employee payroll details

4.In the Payroll Auto Fill screen,Go to Gateway of Tally > Payroll Vouchers

Select Salary in the Process for field as shown 

9.Press Enter (All the pay values are calculated for the applicable pay heads for each employee grouped under the selected group).

10. Press Enter and specify the pay values for the pay heads defined as user-definable values against each employee

The completed Payroll Voucher for the month of May 2018 is displayed as shown: