When we raise an Invoice for Rent, the amount is posted in “Sales Local 18%”. However it should be credited in “Rent Income” account. How can we resolve this issue ?

Whenever you raise an Invoice, the amount is credited in default Sales account. However you may post the amount of Rent in “Rent Income” account. To do so, follow the steps given below: –

1. Go to Master -> Stock Master.
2. Edit the item of Rent (in Stock Master).
3. Click on “F7: Save”. After saving the item, software will open the GST Info. window.
4. Click on “Advanced columns” check box.
5. Specify “Rent Income” in column “Outward Supplies / Sales A/c Head” column.

Note: You may not assign any GST Class to “Rent Income” account. GST Docs automatically determine the GST Class from Item. However if the entry is being passed through voucher, you should assign the relevant GST Class to “Rent Income” account.