Moderate
Step 1: Go to Gateway of Tally > Accounts Info. > Ledgers > Create. Alternatively, press Alt+G (Go To) > Create Master > Ledger > and press Enter. Step 2: Enter the Name of the customer ledger. Step 3: Select Sundry Debtors from the List of Groups. Step 4: Set Maintain balances bill-by-bill to Yes. Step 5: Enter the Default Credit Period, if any. Step 6: Set Check for credit days during voucher entry to Yes , if required. Step 7: Enter the Mailing Details . Step 1: Go to Gateway of Tally > Accounts Info. > Ledgers > Create. Step 2: Enter the Name of the Vendor Ledger. Step 3: Select Sundry Creditors from the List of Groups . Step 4: Set Maintain balances bill-by-bill to Yes . Step 5: Enter the Default Credit Period , if any. Step 6: Set Check for credit days during voucher entry to Yes , if required. Step 7: Enter the Mailing Details . Step 8: Select the Country to which the supplier belongs. The application will infer the nature of removal based on the country selected. A sale is the process by which ownership of certain items or properties is passed, in exchange for a fee, from one individual (the seller) to another (the buyer). You can begin billing your clients once you have established customers in Zoho Books. When goods & services are purchased in cash or credit, donated, lost, or withdrawn for personal use, in all these cases, Goods & Services are denoted as Purchases A/c. An organization uses a buying journal, a specialized type of accounting log, to track and document orders and purchases. Following the receipt of an order, a business will post the transaction to the purchase record with the use of an invoice document. In the purchase record, inventory is often represented by a debit to the "Payments" account, and the supplier is represented by a credit to the "Accounts Payable" account. A sales order is a business document that a seller prepares and sends to a buyer. It attests to the sale of products or services and specifies all of the details of the transaction, such as the amount, cost, and caliber of the delivered items or services. Along with other terms and sale logistics, it provides information on the expected delivery date, delivery address, and terms of payment. A purchase order is a formal document that a customer uses to place an order with a supplier. For a purchase from the vendor, a purchase order details the products, quantities, costs, and terms of credit. When a vendor accepts a purchase order, it turns into a binding legal agreement. A general ledger, sometimes known as a ledger, is a document that documents the financial activities of a company. It lists all of the company's earnings and outlays together with the debts and assets that are owing. A customer is an individual or company that purchases products or services from another company. Clients are important since they bring in money. Businesses would cease to exist without them. You must add Customer to create sales transactions such as sales orders and invoices. Anybody who purchases and sells products or services is referred to as a vendor in general. After buying goods and services, a vendor resells them to a different business or person. Items might be products that you buy from suppliers and resell to clients or they can be services that you provide and receive payment for.