Month: November 2024
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Party Ledgers with Predefined Price Levels in TallyPrime: 3 Steps
1. Understanding Price Levels in Party Ledgers in TallyPrime In TallyPrime, you can assign specific price lists to individual party ledgers. This allows you to offer different prices to different customers, based on their relationship with your business. 2. Steps to Select a Party Ledger with a Predefined Price List in TallyPrime: 1. Create a…
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Sales Voucher with Price Lists in TallyPrime: 4 Steps + Example
1. Understanding Price Lists in TallyPrime As discussed earlier, a price list in TallyPrime is a predefined set of prices for different products or services. When you create a sales invoice, you can assign a specific price list to the invoice. This will ensure that the correct prices are automatically populated from the price list.…
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Price Lists in TallyPrime: 5 Easy Steps + Example
A price list in TallyPrime is a predefined set of prices for different products or services. It helps in maintaining consistent pricing across various sales transactions. You can create multiple price lists to cater to different customer segments, promotional offers, or regional variations. 1. Creating a Price List in TallyPrime 1. Go to Masters: 2.…
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Sales with Standard Selling Price in TallyPrime: 3 Steps + Example
To record sales with a Standard Selling Price in TallyPrime, you need to set a predefined selling price for your stock items. This feature helps maintain pricing consistency and efficiency, especially if you have standard rates for specific products or services. 1. Steps to Record Sales with Standard Selling Price in TallyPrime 1. Enable Standard…
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Standard Selling Price for Stock Items in TallyPrime: 3 Easy Steps
1. Understanding Standard Selling Price in TallyPrime A standard selling price is a predetermined price for a product or service. It’s used to estimate the revenue from sales and can be helpful in various scenarios, such as creating sales quotations or invoices. 2. Steps to Specify Standard Selling Price in TallyPrime: 1. Create a Stock…
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Purchases with Standard Cost in TallyPrime: 3 Steps + Example
1. Understanding Standard Cost in TallyPrime Standard cost is a predetermined cost assigned to a product or service. When you record purchases, you can use the standard cost to value the inventory. 2. Steps to Record Purchases with Standard Cost in TallyPrime: 1. Create a Purchase Invoice: Go to Gateway of Tally > Vouchers >…
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Standard Cost for Stock Items in TallyPrime: 3 Steps + Example
In TallyPrime, setting a Standard Cost for stock items is useful for maintaining consistency in cost tracking, especially when prices fluctuate. By specifying a standard cost, you create a benchmark cost that assists with comparisons between actual costs and the standard reference cost, aiding in analyzing cost variances and maintaining control over inventory expenses. 1.…
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Round Off only the Ledger Value in TallyPrime: 3 Steps + Example
In TallyPrime, you can round off only the Ledger Value using a Duties & Taxes ledger by setting up a round-off ledger specifically for this purpose. This method allows you to adjust minor rounding differences directly on the ledger value without affecting the overall invoice amount. Here’s a detailed guide on how to set this…
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Using Voucher Classes for Invoice Round Off in TallyPrime: 3 Steps
1. Understanding Voucher Classes for Invoice Round Off in TallyPrime Voucher classes are a powerful feature in TallyPrime that allows you to group similar transactions together. By creating a specific voucher class for invoice round-off, you can streamline the process and ensure accurate accounting. 2. Steps to Use a Voucher Class for Invoice Round Off…
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Invoice Round Off Using Predefined Ledger in TallyPrime: 3 Steps
1. Understanding Invoice Round Off Using Predefined Ledger in TallyPrime Invoice round-off is a common practice to simplify calculations and minimize the impact of small decimal amounts on the final bill. In TallyPrime, you can use a predefined ledger to account for the round-off amount. 2. Steps to Use a Predefined Ledger for Invoice Round…