Vouchers

Advance Received for Sale (AR)

Advance Received (AR) voucher should be prepared when you receive advance for Sales.

You are required to pay GST on all advances as per prevailing tax rate. If product and tax rate is not known you are required to pay GST @18% and hence you should select a 18% slab product. Rather you can make a dummy product for this purpose to create a voucher.

The amount of taxes will get reflected in GSTR1 returns data. GSTR1 will reflect only those advances for which supply is not made in the same month.

If supply is made in the same month it will not be reflected in the GSTR1 reports.

Once the supply is made, Make Advance Adjusted Note (AA) and select Advance Received (AR) in reference.

You will get credit for Advance Adjusted. Upon selection products will be loaded from AR voucher.

 How to MODIFY a voucher:

1. Use Voucher List option and select the voucher from the List. On the list page you can modify serial number, date and other static fields.
2. Click View Voucher.
3. During view, “Save”, Delete Voucher” and “Delete Product” will be disabled.
4. Click “F3” to activate these buttons.
5. You can now modify voucher.