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 »
Alternately referred to as a processor, central processor, or microprocessor, the CPU (pronounced sea-pea-you) is the central processing unit of the computer. A computer’s CPU handles all instructions it receives from hardware and software running on the computer. As an example, the CPU processed the instructions to use a web browser to open and display… 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 »
Create Stock Items Gateway of Tally > Create > type or select Stock Item > and press Enter.Alternatively, press Alt+G (Go To) > Create Master > type or select Stock Item > and press Enter. Name & alias: As in other masters, you can specify multiple aliases for the stock item. Under: Select Primary or an existing Stock Group. If you have not created any Stock Group, you can create… Read More »
What is the Unit of Measure Concept? The unit of measure concept is a standard convention used in accounting, under which all transactions must be consistently recorded using the same currency. For example, a business maintaining its records in the United States would record all of its transactions in U.S. dollars, while a German company… Read More »
Inventory Storage Using Godowns/Locations In your business, you may be managing the inventory in multiple physical locations, such as shops, warehouses, bins, racks, cabinets, and so on. In this case, you can use the Godowns/Locations capability of TallyPrime. Using Godowns will help you keep a record of inventory moving from one project or manufacturing stage to… Read More »
Managing stock items in groups help in easily locating them, especially when you need to track different stock items sharing a common feature – say a common brand, product type, material used, and so on. You can get a consolidated view of the total stock items available under that group. Stock items under a group… Read More »
Profit and Loss Statement Profit and Loss A/c is one of the primary financial statements that you can use to monitor the health of your business. It summaries the revenues, costs, and expenses for a specific period, such as a quarter or a year. Thus, you can easily gather the net result of the business operations.… Read More »