Category: Difficult

  • Rate per unit: Cost Estimate report vs Manufacturing Journal in TallyPrime

    The rate per unit concept in the Cost Estimates report and the Manufacturing Journal in TallyPrime serve different purposes in the production costing process. Here’s a detailed explanation with examples: 1. Cost Estimates Report in TallyPrime: 1. Example: Rate per Unit in Cost Estimates Report Cost Estimates Report: Name of Item Quantity Unit Cost Amount…

  • Purchase Requisition for Manufacturing in TallyPrime: 9 Easy Steps

    While TallyPrime doesn’t offer a dedicated “Purchase Requisition” voucher specifically for manufacturing, you can achieve a similar function using the Stock Journal voucher with a little customization. Here’s how: 1. Understanding the Process to Generate Purchase Requisition for Manufacturing in TallyPrime: 1. Stock Journal for Consumption: The Stock Journal voucher, typically used for stock adjustments,…

  • Multiple Bill of Materials (BOMs) in TallyPrime: 3 Steps + Example

    TallyPrime offers the flexibility to create and manage Multiple BOMs for a single stock item. This functionality is beneficial when your manufacturing process allows for variations in the components used to produce the same finished product. Here’s a detailed explanation with examples: 1. Understanding Multiple BOMs in TallyPrime: This approach involves creating different BOMs for…

  • Set up Godowns for Stock Received from Third Party in TallyPrime

    In TallyPrime, you can effectively set up Godowns/Locations to track stock received from third parties. This allows you to maintain separate inventory records for items you receive from external sources, such as suppliers sending goods on consignment or materials received for job work. Here’s a detailed guide on configuring TallyPrime for managing stock received from…

  • Consume Stock from Godowns Created for Third Party in TallyPrime

    TallyPrime doesn’t offer a direct “consume stock” option for third-party godowns. However, you can effectively track “consumption” (sales) of stock entrusted to third parties by leveraging the Sales Voucher functionality with a specific allocation method. Here’s how it works: Scenario: You manage inventory sent on consignment to “ABC Electronics” in a dedicated godown named “ABC…

  • Transfer of Stock to Third Party in TallyPrime: 2 Options + Examples

    TallyPrime offers efficient tools for managing inventory movement within your organization and tracking stock sent to third parties. Here’s a detailed breakdown of transferring inventory between godowns (locations) and recording stock transfers to external parties: 1. Transferring Inventory Between Godowns: 1. Stock Transfer Voucher (Ctrl+Shift+F9): Utilize this dedicated voucher type for internal stock transfers between…

  • Godown Report Details in TallyPrime: 5 Steps + Example

    In TallyPrime, exploring Godown report details goes beyond simply viewing the Godown/Location Summary. Here’s a detailed breakdown on how to delve deeper into the information and gain a more comprehensive understanding of your inventory across different storage facilities: 1. Drilling Down within the Godown/Location Summary: 2. Exploring Godown & Stock Item Details: This action triggers…

  • Printing Godown/Location Address on Invoices in TallyPrime: 7 Steps

    Here’s a detailed explanation on how to configure TallyPrime to show the godown/location address in your invoices, along with an example: 1. Requirements for Displaying Godown Address in Invoices in TallyPrime: 1. Enabled Multi-Godown Feature: Ensure you’ve activated the “Maintain multiple Godowns” option in Gateway of Tally (Alt+F12) > Features > Inventory Features. 2. Godown…

  • Hierarchy of Godowns/Locations for Area-wise Inventory Storage in TallyPrime

    Here’s a detailed explanation on how to create a hierarchy of godowns/locations for area-wise inventory storage in TallyPrime, along with examples: 1. Advantages of Hierarchy of Godowns in TallyPrime: 2. Steps to Create a Hierarchy of Godowns in TallyPrime: Example 1: Godown wise Hierarchy You want to create a hierarchy for managing inventory across North…

  • Age-wise Analysis for Bills Receivable/Payable Report in TallyPrime

    The Bills Receivable/Payable report itself doesn’t directly offer age-wise analysis functionality in TallyPrime. However, you can achieve an age-wise breakdown of Bills Receivable (outstanding sales bills) or Bills Payable (outstanding purchase bills) using the following approach: 1. Utilizing the Bills Receivable/Payable Report with Ageing Analysis Alternatively, you can use keyboard shortcuts: 2. Enabling Ageing Analysis…