Memorandum Voucher in Tally Prime

In Tally Prime, a Memorandum Voucher is used to record transactions that do not involve any financial impact on the books of accounts. It is typically used for internal purposes, such as tracking non-financial transactions, maintaining records of goods received or issued, or for any other informational purposes. Memorandum Vouchers are not included in financial reports and do not affect the accounting ledgers.

How to Create a Memorandum Voucher in Tally Prime

Here’s a step-by-step guide on how to create a Memorandum Voucher in Tally Prime:

Step 1: Open Tally Prime

• Launch Tally Prime and select the company for which you want to create the Memorandum Voucher.

Step 2: Go to Vouchers

• Navigate to the Gateway of Tally.
• Select Vouchers.

Step 3: Select Memorandum Voucher

• Press F11 to select the Memorandum Voucher type. Alternatively, you can also find it in the voucher types listed on the right side of the screen.

Step 4: Enter Voucher Details

• Date: Enter the date of the transaction.
• Party A/c Name: You can select a ledger if you want to associate it with a specific party, or you can leave it blank if it’s for internal tracking.
• Details: Enter the details of the transaction. This could include:
  • Description of goods received or issued.
  • Any other relevant information that needs to be recorded.
• Narration: Provide a brief narration explaining the purpose of the memorandum entry.

Step 5: Accept the Voucher

• After entering all the necessary details, press Ctrl+A to accept and save the Memorandum Voucher.

Important Points to Remember

• Non-Financial Impact: Memorandum Vouchers do not affect the financial statements or ledgers. They are purely for record-keeping.
• Internal Use: These vouchers are useful for internal tracking and management purposes.
• No GST Implications: Since Memorandum Vouchers do not involve any financial transactions, there are no GST implications.

Conclusion

Memorandum Vouchers in Tally Prime are a useful tool for businesses to keep track of non-financial transactions and maintain accurate records without impacting the financial statements. By following the steps outlined above, you can easily create and manage Memorandum Vouchers in Tally Prime.