Category: Advanced

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…

In TallyPrime, you can enter a discount percentage directly against each stock item without creating a separate ledger account for discounts. This approach is simple and suitable for businesses that frequently provide item-specific discounts. 1. Steps to Enter Discount Percentage in TallyPrime 1. Enable the Discount Option 2. Create a Sales Invoice 3. Enter the…

1. Understanding Total Item Discounts in TallyPrime A total item discount is applied to the entire amount of a purchase, rather than to individual items. This type of discount is often used for bulk purchases or promotional offers. 2. Steps to Record a Purchase with a Total Item Discount in TallyPrime: 1. Create a Purchase…

1. Understanding Price Levels in TallyPrime Price levels in TallyPrime are used to assign different prices to the same product or service for different customer segments. This allows you to offer discounts, premium pricing, or other pricing strategies. 2. Steps to Change Price Level Names in TallyPrime: 1. Go to Alter Master: 2. Select Price…

1. Understanding the Need for Revision of Price Lists in TallyPrime As business needs evolve, price lists may need to be revised to reflect changes in pricing, product offerings, or customer segments. TallyPrime provides a flexible mechanism to revise price lists. 2. Steps to Revise a Price List in TallyPrime: 1. Go to Price List…

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…

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.…

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.…

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…

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…