When the order is placed with the suppliers for the supply of goods, the items, quantities, date of receipt, and so on, details are given with the Purchase Order Number. Later, when these goods are received, the Purchase Order is tracked for the Order Details either in the receipt note or in the purchase Invoice.… Read More »
Debit Note is a document issued to a party stating that you are debiting their Account in your Books of Accounts for the stated reason or vise versa. It is commonly used in case of Purchase Returns, Escalation/De-escalation in price, any other expenses incurred by you on behalf of the party etc. Record Purchase Returns… Read More »
In your business, you might need to purchase goods or services to fulfil the demands of your customers. You may do a simple cash purchase or purchase on credit. For each purchase transaction, you will need to keep a record of the items you bought, payments made, goods returned, and so on. Using Tally Prime,… Read More »
Based on the buying and selling prices of each stock item, you may want to maintain the rates such that they automatically appear when you pass a transaction. You can do this in Tally.ERP 9 by providing the standard cost (for purchase), and standard price (for sales) for each stock item. You can maintain rates… Read More »
A price list refers to a list of all items maintained by an organization along with their price details.A price list is generally used by organization, which deal in multiple products.Price list are maintain in various structures for different types of customer.Example: Whole SellerDealerReseller Since the price list is structure based on the classification of… Read More »
Stock Category offers a parallel classification of stock items. Like stock Groups, classification is done based on similarity in behavior. For example, Stock Item Sub Group Main Group Sub-Category Main Category Brand A – 19” LED TV Brand A Grade One LED TV Television Brand A – 17” Smart TV Brand A Grade One Smart TV… Read More »
Point of Sale | POS Point of Sale transactions may take place at a retail shop, a check-out counter in a shop or any similar location. The various POS equipment used in retail outlets are cash registers, card readers, and barcode scanners. In TallyPrime, you can record a POS invoice in single or multiple payment… Read More »
Sales Order In your business, if you are following the process of raising a sales order for each sales transaction, you can do the same in TallyPrime. You can record a sales order, raise a delivery note and link it to this order, and then link them to the sales invoice. You can use the… Read More »
Record Credit Note for Sales Returns and Increase in Sale Value In case you have sold goods and some or all of the goods have been returned by your customer, you will need to account for such sales returns. Once you accept the goods that are returned, before or after receiving the payment for the… Read More »
Sales of Goods and Services Every business involves sales of goods or services. The sales transactions in your business may be a simple cash sales, or even sales on credit. For each sales transaction, you will need to keep a record of the items that you sold, the payment that you received, goods returned, and… Read More »