What is “Job Work in” Order Process? If an order comes from another company to our company for making any goods or for any services, the process is called “Job Work – In Process.“ What is “Job Work Out” Order Process ? If our company orders another company to make any goods or services, theRead More »
Batch-Wise details is a part of advanced inventory management. Bath wise information useful where perishable goods like medicines, sea-food, dairy products (ex: ice -creams, butter milk) fruits, vegetables, flowers and meat , poultry etc. Batch-wise details is used widely in pharmaceutical industries as compared to to other sectors. We can track manufacturing dates and expiryRead More »
ASSIGNMENT Company purchase the following materials from Silver Plus Companies (State : Andhra Pradesh) with GST @ 5% on May – 01 – 2021 and reference number : spc/100 S.NO ITEM NAME QUANTITY RATE HSN CODE 1 Bricks 30,000 No.s Rs. 3.00 per No 69010010 2 Natural Sand 20,000 Tons Rs. 140 per Cu. FtRead More »
ASSIGNMENT Company has decided to produce a BODY LOTION. To produce that new product required raw materials are as follows Finished Goods : Body Lotion (U.O.M – ML) Raw Materials: (U.O.M – ML) For 1000ML of Body Lotion Aqua — 80 ML Glycerin – 33 ML Caprylic / Capric Triglyceride – 30 ML Isopropyl MyristateRead More »
What is DEBIT NOTE ? This voucher is open is the ALT + F5 key is pressed. If the company returns the purchase commodity for any reason (Ex: Damages, inferior quality etc,,), it should be recorded in this voucher. Transactions related to purchase returns come into this voucher. It can also record interest calculations. WhatRead More »
The key to open Purchase voucher is F9. If the company makes purchases, the transactions related to them should be recorded in this voucher. The purchase made by the company may be for borrow or cash. Also, the purchase made by the company may be in the form of goods or services. We can enterRead More »
Inventory means Stock management. Inventory management is a major feature of Tally Prime. Transactions related to Inventory should be entered with the following inventory masters. Stock Items Stock Groups Stock Categories Godowns / Locations Units of Measurement What is a Stock Item ? The items which we sell or buy and which are stored inRead More »
INVENTORY VOUCHERS 1. PURCHASE ORDER : If our organization places an order to purchase goods or services, it should be recorded in this voucher. We have to specify the details in the order that how much quantity we needed and what items we needed etc. The key for Purchase order is CTRL + F9 2.Read More »
Tally allows users to record purchases and sales transactions under GST taxation. The transaction cab be intrastate, interstate, or fixed assets. Intrastate trade means the purchase or sales taken place in the same state. Interstate transaction means the purchase or sales made place between two different states. How to record intrastate purchases in Tally ?Read More »
Generally, we record purchase and sales voucher when items bought and sold. At the time of voucher entering, we specify the rates and discount of item and discount also if it has. Every time we repeat this, when purchase and sales transaction takes place. In Tally ERP 9, standard rates feature allows user to predefinedRead More »
What is POS Invoice in Tally ? The full form for POS is POINT OF SALE . Point of Sale (POS) means, it can be a reception counter or retail place where sales transaction records. POS devices like Bar Code readers , Cash registers use in reception vouchers and retail shops. In Tally ERP 9,Read More »
Job Work Out Order Processing is an advanced inventory topic. Earlier versions of Tally does not have the feature Job work out order processing. Tally solutions included this feature from Tally ERP9 series.We can use Job work out order voucher when the company receive orders from parties to make products. ASSIGNMENT ON JOB WORK OUTRead More »
Usually, Manufacturer needs raw materials to produce some item / product. Each raw material item needs in some specific amount of quantity to manufacture the product. By enabling BILL OF MATERIALS concept in Tally, you can setup required quantity of materials to produce the item. And in the concept of Multiple Bill of Materials, youRead More »
Inventory means Stock maintenance and godown maintenance. Inventory management in Tally automatically generates reports like godown summary, stock summary, and movement analysis, etc.! ASSIGNMENT ON INVENTORY Create the following Stock Groups. Electronics Books Mobiles Create the following Stock Categories. i7 processor i8 processor i9 processor 4gb RAM 6gb RAM 2gb RAM Test Papers Text BooksRead More »
SALES ORDER (ALT + F5) Sales Order is an order voucher in Tally ERP9. When we receive an order from the customer to purchase goods/services from our company, then we can use SALES ORDER PROCESSING. The purchase orders which we received from the customer should be entered in SALES ORDER. According to Sales Order, StoresRead More »