If you want to know the outstanding status of the bills of a particular party account, use the Ledger Outstanding Report.
To view the Ledger-wise Receivable Report:
1. Go to Gateway of Tally > Display > Statements of accounts > Outstandings > Ledger
2. Select a ledger from the list
The Ledger Outstanding report is displayed as shown:
Detailed functionality available in this report, including F12: Configure and Age-wise Analysis is the same as that available in Receivables.
You can generate Reminder Letters from the ledger Outstanding report.
Click on C: Contact or press Alt+C to view the Ledger contact details.
Bill Settlement option helps to settle the selected or all bills from the Bills displayed in the Ledger Outstandings report as shown above.
To settle the required Bills,
Move the cursor on the bills and press Spacebar to select the bills as shown:
Click on B: Bill Settlement or press Alt+B keys
In the Bill Settlement screen,
Voucher Type field is defaulted with Receipt/Payment as the type of Voucher
Note: Voucher Type will be pre-filled with Receipt or Payment based on the outstanding final amount for the selected Bill(s).
The additional Payment/Receipt Voucher Types created by the user along with the Voucher Class will also be available for selection if any, from the Bill Settlement screen.
In the Voucher Date field enter the date for Receipt/Payment Voucher
In the Account field select the required Bank or Cash Ledger from the List of Ledgers
Specify the required remarks in the Narrations field
Press Enter to Accept the Bill Settlement sub screen and pre-fill the Receipt/Payment Voucher as shown:
Press Enter to save the Voucher
Note: Cost Centre Allocation can also be made while creating the Payment/Receipt Vouchers.
Once the Bills are settled the Ledger Outstandings report will be updated accordingly.
More:
Mass Mailing Outstanding Statements