Where we track Property Tax payment made to Government?

Where we track Property Tax payment made to Government?

This can be achieved by 2 steps.
A. Create a Vendor Account for Concerned Authority
B. Update payment made to Government for Property Tax.

 

A. Create a vendor account for concerned authority eg. T.M.T or MCGM in expense tracker as per process mentioned at this link.

Note:
Step 1. While creating account, select "Account Head" as "Taxes".

Step 2. Give the proper description in "Note" text box.

 

B. Update payment made to Government for Property Tax.

Step 1: Login to ADDA -->> Admin –>> Expense Tracker

Step 2: Select “By Vendors”

Step 3: Click on “Payment” button in row of the vendor, you have created.
Note: A new window will appear showing all the open bills in list.

Step 4: Enter amount in "Payment Amount" text box.

Step 5: Select mode of payment from Cheque, NEFT, Cash or DD

Step 6: If mode of payment is selected as "Cheque", "NEFT" or "DD", Enter Cheque Number or NEFT Reference Number in "Instrument Number*" text box.

Step 7: Enter Narration in "Comments" text box if any.

Step 8: Select the bank account from which cheque is issued to make above payment, If payment is deposited by cash into bank specifically notified by govt. for collection of property tax, please select "Petty Cash" from list box for "Bank & Cash Account".

Step 9: Select the date on which transaction is made under "Post On" date selector.

Step 10: Click on "Post Amount" button.

Once the transaction is posted, you can double verify the same by checking the ledger for "Taxes".

How to check a transaction in a ledger account? Click here http://faq.adda.io/what-is-query-tab-in-general-ledger-application/

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