To illustrate he says,
"We generally have fixed payment terms with our parties. But it also happens some times that we sell goods on different credit terms other then the fixed credit terms. For instance we sell a fast moving item, the default credit term is 90 days but we may sell it on 15 days term. In this case the reports generated are for 90 days."
On first instance it seems to be a simple problem, but while entering sales bill Tally doesn't allow a different credit period. I tried to achieve it with in Tally 9 with a simple trick.
The default credit period can be allocated to each party while creating his ledger. See the figure belowThis will make all bills to be payed in 90 days.
Here comes the second part, which ever bill is of different credit limit then limit has to be changed. We generally make bill in tally in Invoice mode, which is easier in case of item invoices. But this mode doesn't change the default credit period. To achieve the different credit period what we have to do is that to first enter the bill as usual in sales invoice. After accepting the bill again reload it and now change the view from invoice mode to voucher mode by pressing 'Ctrl+V'. See the figure below
The view will be like this
At this moment change the credit period and accept the voucher by pressing 'Ctrl +A'. If you need then this voucher can be again converted to invoice mode by again pressing 'Ctrl+V'.
Now go to
Display-> Statement of Accounts ->Outstanding-> Receivables
to see the report. That particular bill is having different due date. I have three screen shots of this report on different dates. Have a look
1. Report on same date
2. Report after 30 days where overdue days of one bill are shown
3. Report after 90 days where over due days of both bills are shownLet me know if this thing works for you or not. You can click on the images for larger views