TallySchool

Author: Rishit Shah

  • Purchase Order Outstanding – Stock Group in TallyPrime: 3 Steps

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    Rishit Shah
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    1. Understanding Purchase Order Outstandings in TallyPrime Purchase order outstanding refers to the portion of a purchase order that has not yet been fulfilled or received. By grouping these outstanding orders by stock group, you can gain valuable insights into your procurement process and inventory management. 2. Accessing the Purchase Order Outstanding – Stock Group…

  • Pre-Closing Purchase Orders from Reports in TallyPrime: 3 Steps

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    Rishit Shah
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    1. Understanding Pre-Closure from Reports in TallyPrime Pre-closing a purchase order means marking it as completed before the actual receipt of goods. This is useful in scenarios where: 2. Steps to Pre-Close a Purchase Order from the Purchase Order Book in TallyPrime: 1. Go to Purchase Order Book: Gateway of Tally > Reports > Purchase…

  • Pre-Close Purchase Order from Transaction in TallyPrime: 2 Steps

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    Rishit Shah
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    Pre-closing a Purchase Order in TallyPrime is a feature that allows businesses to close pending purchase orders directly from the transaction level, even if the order is not fully fulfilled. This is useful in scenarios where the remaining quantity of the order will not be delivered or is no longer required. 1. Benefits of Pre-Closing…

  • Purchase Order Book in TallyPrime: 4 Simple Steps + Example

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    Rishit Shah
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    The Purchase Order Book in TallyPrime provides a consolidated view of all purchase orders recorded. This report is particularly useful for tracking and managing outstanding orders, ensuring timely fulfillment, and maintaining good vendor relations. 1. Features of Purchase Order Book in TallyPrime 1. Detailed Tracking: View purchase orders created, pending, and completed. 2. Filter by…

  • Accounting for Decrease in Purchase Value in TallyPrime

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    Rishit Shah
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    1. Understanding the Accounting for a Decrease in Purchase Value in TallyPrime A decrease in purchase value can occur due to various reasons, such as: 2. Methods to Account for the Decrease in Purchase Value in TallyPrime: Method 1: Creating a Credit Note 1. Create a Credit Note: 2. Enter Party Details: Enter the supplier’s…

  • Accounting for Increase in Purchase Value in TallyPrime: 2 Methods

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    Rishit Shah
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    1. Understanding the Scenario of Increase in Purchase Value in TallyPrime An increase in purchase value can occur due to various reasons, such as: 2. Methods to Account for the Increase in Purchase Value in TallyPrime: Method 1: Creating a Debit Note 1. Create a Debit Note: 2. Enter Party Details: Enter the supplier’s name.…

  • View Edit Log for Purchases in TallyPrime: 4 Steps + Easy Example

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    Rishit Shah
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    The Edit Log feature in TallyPrime allows users to track and view changes made to purchase transactions. This ensures transparency and helps in maintaining an audit trail, particularly beneficial for organizations required to comply with audit and compliance regulations. 1. Benefits of Viewing Edit Log for Purchases in TallyPrime 2. How to View Edit Log…

  • Purchase Register in TallyPrime: 4 Steps + Easy Example

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    Rishit Shah
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    The Purchase Register in TallyPrime is a comprehensive report that provides details about all purchase transactions recorded in the system. This report helps businesses monitor purchases, track payment statuses, and ensure proper compliance with tax regulations. 1. Key Features of Purchase Register in TallyPrime 2. How to View the Purchase Register in TallyPrime 3. Configurations…

  • Purchase Import Invoice Entry in TallyPrime: 5 Steps + Example

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    Rishit Shah
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    In TallyPrime, recording an Import Purchase Invoice involves specifying purchase details for goods imported from a foreign supplier. This process includes defining currency, applying import duties, and other expenses incurred during the import process. 1. Steps to Record an Import Purchase Invoice in TallyPrime 1. Enable Multi-Currency 2. Create Ledgers for Import Transactions 1. Supplier…

  • Enter Discount % & Amount on Item Rates in TallyPrime: 5 Steps

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    Rishit Shah
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    In TallyPrime, you can enter a discount percentage or amount on item rates by utilizing a discount ledger account. This method is ideal for businesses that want to track total discount amounts separately in their accounts. Here’s how you can achieve this: 1. Steps to Enter Discount Percentage and Amount Using a Ledger Account in…