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 »
ASSIGNMENT Company purchased the following items including GST Taxation from Techno Companies (State : Andhra Pradesh) with ref no : Pur/Tech/3400 and stored at Rajam Godown S.No Item Name Quantity Rate GST% 1 Item – A 20pcs 1500 5 2 Item – B 15pcs 2200 18 3 Item – C 35pcs 1400 18 4 ItemRead More »
ABOUT PURCHASE VOUCHER Purchase Voucher Key is F9 Use CTRL + H to change the mode to Item Invoice / Accounts Invoice / Voucher Mode Use Item Invoice to record the purchases with items. Use Accounts Invoice to record the purchases with services. Use Voucher mode to record the purchases in debit and credit mode.Read 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 »
What is a voucher? Voucher entry is a crucial feature for recording daily transactions in an organization and generating reports automatically. Tally Prime offers 24 pre-defined voucher types that can be used to classify transactions and automatically generate accounting, inventory, and payroll reports. To record a voucher, a corresponding ledger must be created. LIST OFRead More »
PURCHASE VOUCHER : We can use the purchase voucher to record all purchase related transactions in Tally. Generally, We buy goods (or) services on credit or cash. Purchase voucher allows user to record in both mode (cash / credit). The Key for Purchase Voucher is F9. And path is Gateway of Tally — Accounting vouchersRead 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 »
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 »
Usually, the company buys and sells goods on a credit basis from parties. We can use purchase and sales vouchers to enter the transactions said earlier. Then, Tally generates outstanding reports for payable and receivables automatically.For Example:We purchased goods from ABC Electronics for Rs. 30000/- on a credit basis. On 01/04/2020.We can record the purchaseRead More »
We need to know about the Ancillary Rules of Debit and Credit to enter transactions in the journal (debit credit mode) in Tally. The Transaction can be standard or advanced, but Ancillary Rules give you a perfect and right solution. Entering transactions in Tally is very easy. But you require you to learn about AncillaryRead More »
Batch wise details are a part of inventory management. Batch wise information useful where perishable goods like medicines, sea-food, dairy products (ex: ice creams, butter, milk), fruits and vegetables, flowers and meat & poultry, etc. Batch-Wise Details is used widely in pharmaceutical industries as compared to other sectors.We can maintain Manufacturing dates and Expiry datesRead More »