Monthly RCM Output Liability

Normally it is expected to have Control Accounts to record RCM Output Liability. But many times, it is observed that accountants workout RCM Output Liability in excel sheets and pass RCM entry in Tally.  So to cross check this type of working, LedgerVision has provided readymade monthly RCM output table as shown in image below

rcm config

 

This table can be generated by providing Applicable GST Rates to RCM ledgers in GST Related Ledgers Configuration as shown in image below:

rcm liability