Category: Advanced

1. Understanding Tracking Numbers in TallyPrime Tracking numbers are unique identifiers assigned to shipments or orders to facilitate tracking and tracing. They are often used in logistics and shipping to monitor the progress of shipments. 2. Steps to Record Purchases with New Tracking Numbers in TallyPrime: 1. Create a Custom Field: 2. Place the Field:…

In TallyPrime, you can record a purchase transaction against a previously recorded receipt note. This ensures proper tracking of inventory and facilitates a streamlined process for managing stock and accounting data. Here’s how you can do it, along with a detailed example. 1. Benefits of Recording Purchases Against Receipt Notes in TallyPrime 1. Accurate Inventory…

1. Understanding Grouped Purchase Order Outstandings in TallyPrime Grouping purchase order outstandings allows you to categorize outstanding orders based on specific criteria, such as supplier, product category, or stock group. This helps you gain better insights into your procurement process and identify potential bottlenecks. 2. Steps to View Grouped Purchase Order Outstandings in TallyPrime: Method…

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-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…

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…

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…

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.…

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…

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…