Memorandum Voucher in TallyPrime

A Memorandum Voucher is a type of voucher entry that does not affect the financial accounts or ledgers. As name of  Memorandum Vouchers like this its used for memories, informational or reference purposes. It is used to record transactions for which you want to maintain a record but don’t want them to impact your financial statements or account balances.

Scenario: Let’s say you want to keep a record of an internal meeting expense, but you don’t want this expense to affect your financial accounts because it’s not related to business operations or external transactions.

Using a Memorandum Voucher:

1. Open Tally Prime: Launch Tally Prime and open the company for which you want to record the Memorandum Voucher.
2. Create a Memorandum Voucher:
   • From the Gateway of Tally, go to “Vouchers.”
   • Select “F10: Memorandum” as the voucher type.
3. Enter Voucher Details:
   • In the Memorandum Voucher, enter the necessary details for the transaction. This may include the date, narration (description of the expense), and any other relevant information.
4. Enter Amount:
   • Enter the expense amount in the appropriate field.
5. Save the Voucher:
   • Once you’ve entered the details, press Ctrl + A or click the “Accept” button to save the Memorandum Voucher.

Example:

Let’s say you had an internal team meeting, and you want to record the details as a Memorandum Voucher:

• Date: September 1, 2023
• Narration: “Internal Team Meeting Expense”
• Amount: $500

In this case, you would create a Memorandum Voucher as follows:

1. Open Tally Prime and navigate to “Accounting Vouchers.”
2. Select “F10: Memorandum” as the voucher type.
3. Enter the voucher details:
   • Date: September 1, 2023
   • Narration: “Internal Team Meeting Expense”
4. Enter the amount: $500.
5. Save the Memorandum Voucher by pressing Ctrl + A or clicking the “Accept” button.

This Memorandum Voucher records the meeting expense for your internal reference without affecting your financial accounts or reports.