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Fixed deposit (FD) entry in tally erp 9

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Many businesses deposit money into bank in-order to ensure some assured return of their money. Term Deposit or Fixed Deposit is one of the best option for such savings and earnings. Today let’s learn how to enter Fixed deposit voucher entry in Tally ERP 9.

Create a Fixed Deposit Ledger

Refer: How to create Fixed deposit ledger in Tally ERP 9

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How to create ledger in Tally 

Go to Gateway of Tally>Accounting Info> Ledger > create

Name:  You can name this account like Fixed Deposit A/c No 12335666 or FD A/c No 123456.

Under: Deposit (Assets)

Example of Fixed Deposit

ABC Ltd deposited 10000 as FD in state bank of India with an Interest of 9% for three years  on 01-04-2016

How to Make Fixed Deposit Entry When Depositing cash

To enter FD when depositing cash from business go to

Gateway of Tally> Accounting Vouchers>F5 Payment

How to enter payment voucher in tally

Select the date of the deposit by clicking date button or pressing F2 from keyboard.

Under Account : Select Cash

Under particulars: Select the newly created account created that is Fixed deposit SBI A/c No 256556

Enter Amount: 10000

Recommend Read: How to enter bank vouchers in tally erp9

The entry will look like this.

Fixed deposit voucher in tally

How to enter FD entry when depositing with a cheque or bank transfer.

Sometimes we may issue a cheque to bank instead of cash for FD.To enter an FD entry when depositing with a cheque or a transfer. Just select the bank name instead of cash.

Learn: How to create bank ledger in tally erp 9

Example of Fixed Deposit paid with cheque

ABC Ltd issued a cheque of ICICI Bank for creating an FD with SBI Rs 10000 with an Interest of 9% for three years  on 01-04-2016

fd-voucher-entry-when-paying-with-cheque

Hope the post is useful, In the next chapter we will learn how to enter Interest of FD.

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