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How do you enter Intrastate purchases and Intrastate sales with Cost centers and Cost Categories ?

GallerySeptember 4, 2021September 4, 2021 Tally Prime

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 »

How to do JOB COSTING in Tally Prime ?

GalleryAugust 31, 2021August 31, 2021 Tally Prime

ASSIGNMENT Company received a job from Tech Industries to update their all desktop computers Company appointed Mr. Tarak to update their all computers Company purchased the following items with GST @ 12% and stored at Rajam godown.. Ref No: Pur/SS/001 from SS Technologies (State : Andhrapradesh) RAM – 15 Pcs @ Rs. 1,050/- CPU –Read More »

How do you use “BILL OF MATERIALS” in Tally Prime?

GalleryAugust 27, 2021August 27, 2021 Tally Prime

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 »

How to enter multiple GST Tax invoice in Tally Prime ?

GalleryAugust 23, 2021August 23, 2021 Tally Prime

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 »

How to record Intra State Purchases under GST in TALLY PRIME ?

GalleryAugust 20, 2021August 20, 2021 Tally Prime

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 »

How to pass Journal entries in Tally Prime ?

GalleryAugust 17, 2021August 17, 2021 Tally Prime

Debit and Credit are most important terms in Accountancy. The entire accounting system depends on Debit and credit. Every transaction must has debit and credit terms. Some Transactions may have more than two ledgers at debit side and only one ledger at credit side. And some more transactions may have more than two ledgers atRead More »

How to record Purchase returns and Sales Returns in Tally Prime ?

GalleryAugust 10, 2021August 10, 2021 Tally Prime

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 »

How do you create a price levels / price list in TALLY PRIME?

GalleryAugust 5, 2021August 5, 2021 Tally Prime

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 »

How do you create sales order in Tally Prime ?

GalleryAugust 1, 2021August 1, 2021 Tally Prime

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 »

How do you create Purchase Order Tally Prime ?

GalleryJuly 28, 2021July 28, 2021 Tally Prime

WHAT IS PURCHASE ORDER ? If our organization orders parties to buy goods or services, it should be recorded in this voucher. We have to place an order on which items are needed in this purchase order, how much quantity we want, and when to do so. Press CTRL + F9 key to open theRead More »

What are the important shortcut keys in Tally Prime ?

GalleryJuly 23, 2021July 23, 2021 Tally Prime

COMPANY MENU (ALT + K) Company menu contains the following features Create : To create a new company Alter : To alter or delete a company Change : To change the active company Select : To select a company from list of companies Shut : To shut (Close) a company And also company menu contains,Read More »

What is COST CENTER CLASSES in Tally Prime ?

GalleryJuly 21, 2021July 21, 2021 Tally Prime

Cost center classes feature automatically loads cost center and cost category allocations during voucher entry. For example, Let’s say our company has three branch offices. Let’s say one is Rajam branch, the other is srikakulam branch and third is vijayanagaram branch. But let’s say our company makes payments of some amount to branch offices forRead More »

How do you create a cost center and cost category in Tally Prime?

GalleryJuly 18, 2021July 18, 2021 Tally Prime

Cost centers and Cost categories are a part of advanced accounts. Let’s consider some examples to understand this feature. Salaries paid in cash to Raju of Stores department of Rajam branch – Rs. 10,000/- The company is paying the salary to Raju in this transaction. Raju is the employee of stores department in Rajam branch.Read More »

How to record sales of goods services in Tally Prime ?

GalleryJuly 15, 2021July 15, 2021 Tally Prime

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 »

How to record purchase of goods and services in Tally Prime ?

GalleryJuly 11, 2021July 11, 2021 Tally Prime

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 »

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