How to make Fixed deposit entry in Tally Prime / tally / By admin Table of Contents Toggle How to make Fixed deposit entry in Tally PrimeWhat are Fixed deposit ?Ledger creation for Fixed Deposit in Tally PrimeOn date of Maturity FD entry How to make Fixed deposit entry in Tally Prime What are Fixed deposit ? Fixed deposit is an investment instrument which allows investors to put their idle money into and turn it into guaranteed returns Make a fixed deposit with the bank Rs 100000 Interest receivable Rs. 10000 per annum. Fixed Deposit mature after three years.Journal Entry for the above will Fixed Deposit A/c100000 To Bank A/c 100000(being fixed deposit made with tha bankAt the end of accounting year I yearWe have to make entry of interest earned (Accrued Interest on FD)Accrued Interest on FD A/c10.000 To Interest on FD A/c 10,000(being interest fixed depositSimilar entry in II yearAccrued Interest on FD A/c10,000 To Interest on FD A/c 10,000(being interest fixed depositOn maturity of Fixed depositBank A/c Dr130,000 To Interest on FD A/c 10,000 To accrued interest on FD A/c 20,000 To Fixed Deposit A/c 100,000 Ledger creation for Fixed Deposit in Tally Prime Go to the gateway of tally prime >Create > ledger In name Type: Fixed deposit Under: Fixed Depositsave the ledger / Ctrl+A Similarly, create a ledger of Bank Go to the gateway of tally >ledger>CreateType Name: BankUnder: Bankalso create ledger Interest on FDType : Interest on FD Under : Indirect Income Create ledger Accrued interest on FDType : Accrued Interest on FDUnder :Current AssetAs shown in the picture bellow. Go to gateway of tally >accounting voucher > F5 payment create entry of FD .Fixed Depsit Account Dr 100000 To Bank A/c 100000(being Fixed deposit made with the bank) Accrued Interest on Fd entry in Tally Pime.Accrued Interest on FD is Current Asset means income earned but not received therefore it will be shown at end the accounting year .Go to gateway of tally > accounting Voucher > F7Accrued interest on FD A/c 10000 To interest on FD A/c 10000(being interest on FD earned but not receive) Simialry create entry in the next year / On date of Maturity FD entry Go to gateway of tally > accounting Voucher > F7On maturity of Fixed depositBank A/c Dr130,000 To Interest on FD A/c 10,000 To accrued interest on FD A/c 20,000 To Fixed Deposit A/c 100,000