Author: Rishit Shah

1. Understanding Third-Party Sales in TallyPrime When a third party sells goods on your behalf, they typically collect payments from customers. You’ll need to record the receipt of these funds in TallyPrime. 2. Steps to Record Receipt of Sale Value in TallyPrime: 1. Create a Receipt Voucher: Go to Gateway of Tally > Vouchers >…

1. Understanding Third-Party Sales in TallyPrime When a third party sells goods on your behalf, it’s crucial to record the sale in your accounting system to accurately reflect your revenue and inventory. In TallyPrime, you can record these sales in a few different ways, depending on the specific circumstances. Method 1: Consignment Sales in TallyPrime…

In TallyPrime, you can use the Material Out Voucher to record the issuance of stock items for consignment sales, where items are sent to a consignee but ownership remains with the consignor until the goods are sold. The Material Out Voucher is ideal for tracking these transactions without affecting inventory ownership immediately. Here’s a detailed…

1. Understanding Voucher Classes in TallyPrime Voucher classes are a powerful feature in TallyPrime that allows you to group similar transactions together. By creating a voucher class specifically for POS invoices, you can streamline the process of creating and entering POS invoices. 2. Steps to Create a Voucher Class for POS Invoices in TallyPrime: 1.…

1. POS Register in TallyPrime The POS Register in TallyPrime is a comprehensive report that provides a detailed summary of all Point of Sale (POS) transactions. It includes information such as the date, time, customer, products, quantities, rates, and total amounts of each sale. 2. Key Features of POS Register in TallyPrime: 1. Customization: You…

1. Understanding Discounts in POS Invoices in TallyPrime Discounts can be offered to customers for various reasons, such as early payment, bulk purchases, or promotional offers. In TallyPrime, you can apply discounts directly to POS invoices. 2. Steps to Apply Discounts in POS Invoices in TallyPrime: 1. Create a Sales Invoice: 2. Enter Party Details:…

In TallyPrime, you can record a POS (Point of Sale) invoice using multiple modes of payment, which is useful for customers who prefer to split payments between different methods (e.g., cash, card, or e-wallet). Here’s a detailed guide on how to do this: 1. Steps to Recording a POS Invoice with Multiple Payment Modes in…