How to create Payable Pay heads in Tally Prime?
Step: – GOT > Create > Pay Heads > Enter
Ø After reaching by follow above step, fill details for Payable Pay heads,
· Name – Type name of Payable Pay heads like I type “Salary Payable”
· Pay Head Type – Select “Not Applicable”.
· Under – Select “Current Liabilities”
Ø
Fill details like following screenshot:
Ø Practice exercise to create Payable Pay heads, for You
Name
Pay Heads Type
Under
PF Payable
Not Applicable
Current Liabilities
NPS Payable
Not Applicable
Current Liabilities
ESI Payable
Not Applicable
Current Liabilities
PF Admin Expense
Not Applicable
Indirect Expense
Process 2: Payroll Voucher Processing
