Tally Prime Accounting on Advance Payment Received (Part 2) | GST on Advance Receipt

Welcome to Simplified Accounts Studio! In Lecture 25 of our Tally Prime Basic to Advance Course, you will learn Tally Accounting on Advance Payment Received (Part 2) with complete practical transactions, GST treatment, accounting entries, and invoice adjustments. This lecture explains how to correctly account for advance payments received from customers in Tally Prime under different business scenarios. The concepts are demonstrated step-by-step with practical examples, making them easy to understand for students, accountants, GST practitioners, business owners, and Tally learners. Tally Assignment: https://drive.google.com/file/d/1XeJC... Topics Covered in this Video Part 1: ✔ When advance payment is received for a service and the invoice is issued in the same month Flow: Advance Receipt → Sale Invoice Issue → GST Return Filing Part 2 (Main Topic of Lecture 25): ✔ When advance payment is received for a service and the invoice is issued in the next month Flow: Advance Receipt → GST Return Filing → Sale Invoice Issue Part 3: ✔ Accounting treatment when an advance payment received for a service is later cancelled. Part 4: ✔ Accounting treatment when advance payment is received for goods and the invoice is issued in the same month or in the next month. What You Will Learn • Tally Prime Advance Receipt Accounting • GST on Advance Receipts • Service Advance Accounting • GST Return Filing Process • Sale Invoice Adjustment Against Advance • Practical Voucher Entries in Tally Prime • Customer Ledger Creation • Accounting Entries with GST • Real Business Transactions • Complete Practical Demonstration This lecture is highly useful for: • Tally Prime Beginners • Commerce Students • B.Com & M.Com Students • CA, CMA & CS Aspirants • GST Practitioners • Accountants • Small Business Owners • Anyone learning Tally Prime professionally If you find this video helpful, Like, Share, Comment, and Subscribe to Simplified Accounts Studio for more practical Tally Prime tutorials. 🔔 Subscribe for complete Tally Prime Basic to Advance Course with real business transactions. ________________________________________ Keywords Tally Prime, Advance Payment Received, GST on Advance Receipt, Tally Prime GST, Advance Receipt Entry in Tally, Tally Prime Practical, GST Return Filing, Sale Invoice Against Advance, Accounting Entries, Tally Prime Course, Tally Prime Basic to Advance, Tally GST Tutorial, Service Advance Accounting, Tally Prime Training, Practical Accounting in Tally Hashtags #TallyPrime #GST #Accounting #TallyTutorial #SimplifiedAccountsStudio