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How to prepare monthly P&L and Balance Sheet (I am using
Tally 7.)2. Please guide me in detail(step-by-step) from JV
to finalization and also how to start on the first day of
the next month if we close the books in the previous month.



How to prepare monthly P&L and Balance Sheet (I am using Tally 7.)2. Please guide me in detail..

Answer / mudunoori

I think that you are making time pass.Unlike manual
accounting you need not do finalisation process the package
itself will do everything if you simply pass journal entry.
Thru your question I have to understand you as you are not
under the practice of Tally any version. Here after dont
try to wate your time and others valuable time

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