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 »
Price List or Price levels is a part of advanced inventory in Tally Prime. And the Price list is also a part of Sales Management. Generally, companies sell products to consumers in wholesale, in retail, and exporting too. Sales voucher is the voucher to record sales transactions. If We sell goods in wholesale, the wholesaleRead More »
WHAT IS SALES ORDER ? If our company received an order from Sundry Debtors to sell goods or services, It should be recorded in this voucher. In the order, how many items have been ordered? Which items got the order ? All things like customer is asking for delivery of items should be specified. CTRLRead More »
Sales Voucher will be open if F8 key is pressed. Transactions related to sales are recorded in this voucher. If the company is selling for cash or borrow, should be recorded in this voucher. The sales made by the company may be in the form of goods or service. In all, transactions related to companyRead 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 »
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 »
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 »
ASSIGNMENT Company purchase the following Materials from Green Stone Materials and the material stored at Dolapeta Godown. Reference Number: GSM/001. Credit Days: 90 days. Date: April 01 2020.The Total Material is purchased for Project Works – Apartment and Villa. Share the Material For Project Apartment – 60% and Project Villa – 40% S.No Name ofRead More »
Lets take an Assignment to solve this query. INTRASTATE PURCHASE & SALES Company Purchased the following stock from ABC Companies (Andhra Pradesh) and stored at Rajam godown and with GST @ 18%HSN CODE: 4202. Reference Number: abc/500 S.No Name of the Item Quantity Rate 1 Trunks 500 399 2 Suit Cases 250 1340 3 ExecutiveRead More »
The Price List / Price Table chapter is part of the Advanced Inventory of Tally ERP9. And Price List is part of SALES MANAGEMENT too. Generally, Companies sell various products to customers. Companies sell items to some customers in retail and to some customers in wholesale. And some items may be export. Overall, All SalesRead More »
ORDER PROCESSING IN TALLY ERP9 Order Processing in Tally ERP 9, categorized into Purchase Order Processing, Sales Order Processing and Job Order Processing. PURCHASE ORDER PROCESSING: Purchase Order Processing is placing orders to suppliers (or) Sundry creditors for purchasing goods/stock from them. The following vouchers are required to do Purchase order processing. PURCHASE ORDER :Read More »