Month: October 2024
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Credit Note Register in TallyPrime: 3 Easy Steps + Example
1. Understanding Credit Notes in TallyPrime A credit note is a document issued by a seller to a customer as a credit for returned goods or services or to rectify errors in billing. It reduces the customer’s outstanding balance. 2. The Credit Note Register in TallyPrime The Credit Note Register in TallyPrime provides a comprehensive…
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Sales Returns After Receiving Payment in TallyPrime: 5 Easy Steps
1. Understanding Sales Returns in TallyPrime A sales return occurs when a customer returns goods or services previously purchased. When a return is recorded after receiving payment, it typically involves issuing a credit note to the customer and adjusting the accounts accordingly. 2. Steps to Record Sales Returns After Payment in TallyPrime: 1. Create a…
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Sales Returns Before Receiving Payment in TallyPrime: 5 Steps
1. Understanding Sales Returns in TallyPrime A sales return occurs when a customer returns goods or services purchased previously. In TallyPrime, you can record sales returns even before receiving payment for the original sale. 2. Steps to Record Sales Returns Before Payment in TallyPrime: 1. Create a Credit Note: 2. Enter Party Details: Select the…
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Separate Buyer (Bill to) & Consignee (Ship to) Details in TallyPrime
1. Understanding Buyer and Consignee in TallyPrime In many cases, the buyer and consignee may be different entities. For example, a company might purchase goods for a client and have them shipped directly to the client’s address. 2. Steps to Specify Separate Buyer and Consignee in TallyPrime: 1. Create Ledger Accounts: Create separate ledger accounts…
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Sales with Free Items Using Actual & Billed Quantities in TallyPrime
1. Understanding Free Items Using Actual and Billed Quantities in TallyPrime Free items are products or services offered to customers at no additional cost. When recording sales with free items, it’s essential to differentiate between the actual quantity sold and the billed quantity. 2. Steps to Record Sales with Free Items Using Actual and Billed…
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Sales with Trade Discounts in TallyPrime: 9 Easy Steps + Example
1. Understanding Trade Discounts in TallyPrime Trade discounts are discounts offered by suppliers to retailers or wholesalers. They are typically based on factors such as purchase volume, customer relationships, or promotional offers. 2. Steps to Record Sales with Trade Discounts in TallyPrime: 1. Create a Purchase Invoice: Go to Gateway of Tally > Vouchers >…
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Sales Discounts on Total Item Amount in TallyPrime: 5 Easy Steps
1. Understanding Sales Discounts in TallyPrime Sales discounts are reductions in the selling price of goods or services offered to customers. They can be based on various factors, such as early payment, bulk purchases, or promotional offers. 2. Steps to Record Sales Discounts on Total Item Amount in TallyPrime: 1. Create a Sales Invoice: Go…
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Sales with Additional Charges Without Cost Centers in TallyPrime
1. Understanding Additional Charges in TallyPrime Additional charges are supplementary costs added to the base price of a product or service, such as shipping fees, handling charges, or taxes. 2. Steps to Record Sales with Additional Charges in TallyPrime: 1. Create Sales Invoice: Go to Gateway of Tally > Vouchers > Press F8 (Sales). 2.…
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Sales with Additional Charges and Cost Centers in TallyPrime
1. Understanding Additional Charges and Cost Centers in TallyPrime 1. Additional Charges: These are supplementary costs added to the base price of a product or service, such as shipping fees, handling charges, or taxes. 2. Cost Centers: Cost centers are organizational units used to track costs and expenses. They help in identifying the cost of…
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Change Ledger for Item Allocation in TallyPrime: 4 Easy Steps
1. Understanding Ledger Allocation in TallyPrime When you allocate stock items to sales or purchases, TallyPrime automatically uses the default ledger associated with the stock item. However, you can manually change the ledger for specific allocations. This is useful when you need to allocate items to different accounts based on specific criteria. 2. Steps to…