Sundry Item(s)

Masters=>Sundry Item(s)

        Sundries are formula elements binding the ledger accounts and formula values which can be added with or subtracted from transaction values of vouchers; especially for inventory transactions. Sundries can form as members of a Transaction Class in the Auto Sundry Definition section or they can be selected individually in a voucher from the Sundries section.


   TCS Paid u/s 206C(1H) Of IT Act @0.075%

   Parameter Values

   Acc. Head to post: TCS Paid

   Type: +

  Operation: +

  Calculation Type: On Basic Amount

     By setting the above parameter values applied in an inventory transaction, the sundry, TCS Paid u/s 206C(1H) Of IT Act @0.075%, calculates 0.075% on basic amount and is added to the basic transaction value.

  • Step 1
    • Click Masters=>Sundry Item(s) to create, modify or delete sundry item as shown Step 1 figure 
  • Step 2
    • Now sundry item creation window is appeared as shown in Step 2 figure  
  • Step 3
    •  User have to fill the text boxes as shown in Step 3 figure
      • Name=> Name of sundry. Duplicate entries must be avoided.
      • Description=> Enter description of sundry here if any
      • Cal.  Operator=>Type  of  Operation performed while sundry calculation. + indicates addition. – indicates subtraction.
      • Calculation Type=>It specifies transaction value of vouchers which involves on sundry calculation. Select any one of available options. User can set custom calculation expression. 
      • Apply In Sundry Group?=>Set ‘Y’ if calculation is need to apply on sundries. Otherwise Set ‘N’
      • Sundry Group Definition=>If ‘Apply In Sundry Group’ is set to ‘Y’, select sundry name here to apply calculation
      • Adjust in Account itself (Y/N)=> If it has the value Y, calculated sundry value is adjusted in account (purchase or sales) itself. Otherwise it needs separate account.
      • Account Head To Post=>If Adjust in Account Itself property is set to N, an account name for posting sundry values should be specified.
      • Category=>Category of sundry. Print Name of sundry. Available options are Exclude In Sales Value/General/ Include In Sales Value/Others/Paying System/Service/ Stock Transfer
      • Print Name=>Print Name of sundry. It is Optional
      • Print Order=>Print position number. It is optional
      • Behavior=>Behavior type of sundry. press space bar to select. Available options are Cess/CGST/CST/Discount/Edn. Cess/Educational Cess/Excise Duty/Expenses/ IGST/Income/Nothing/Others/Rounding/Service Tax/SGST/TCS Collected/TCS Paid/ VAT
      • Default Calculation Rate (%)=>Enter default rate of sundry
      • Rounding Method=>If ‘Behavior’ is set to ‘Rounding’, select  rounding method here. Available options are Downward Rounding/Normal Rounding/Not Applicable/Upward Rounding
    • After filling above text boxes, need to click save button to create a new sundry item