Category: Intermediate

In TallyPrime, Cleared Purchase Bills represent purchase transactions where both the goods and the corresponding bill (invoice) have been received and processed. They signify a complete purchase cycle, from receiving the inventory to settling the payment obligation to the supplier. Here’s a detailed explanation of Cleared Purchase Bills with examples: 1. Understanding Cleared Purchase Bills…

The Stock Group Summary report in TallyPrime offers a consolidated overview of your inventory, categorized by pre-defined stock groups. It provides a higher-level perspective compared to the Stock Summary report, helping you analyze inventory performance across product categories. Here’s a detailed explanation with examples on how to view it: 1. Understanding Stock Group Summary: 1.…

In TallyPrime, the Edit Log functionality allows you to track and review any changes made to stock item information. This is particularly valuable for maintaining transparency and ensuring data integrity in your inventory management. Here’s a detailed explanation on how to view the Edit Log for stock items in TallyPrime, including an example: 1. Accessing…

Stock items are the core elements representing your inventory in TallyPrime. They play a crucial role in various transactions, allowing you to track purchases, sales, stock levels, and associated costs. Here’s a detailed explanation of stock items in TallyPrime transactions, including examples: 1. Understanding Stock Items in Transactions in TallyPrime: 1. Creating Stock Items: Before…

In TallyPrime, a compound unit is a combination of two simpler units used to measure a specific stock item. It allows you to represent the quantity of an item in a more detailed way, especially when the primary unit alone might not be sufficient. Here’s a detailed explanation of compound units in TallyPrime with an…

TallyPrime allows you to categorize your stock items into groups for better organization and management. These groups function like folders, helping you logically arrange your inventory and simplify data entry and reporting processes. Here’s a detailed explanation on how to group stock items in TallyPrime with an example: 1. Accessing Stock Group Creation: There are…

In TallyPrime, physical stock verification refers to the process of manually counting your actual inventory on hand and comparing it to the stock levels recorded in your accounting software. This helps identify any discrepancies between the physical stock and the book stock (system records). TallyPrime provides a Physical Stock Voucher to record the results of…

In TallyPrime, you can record the receipt of goods from a supplier using the Receipt Note voucher. This voucher helps you document the quantity and details of the received items, update your inventory stock levels, and potentially link it to a Purchase Order for a seamless purchasing process. Here’s a detailed explanation with an example:…

When a customer rejects goods you’ve delivered, TallyPrime’s Rejection In voucher helps you record the return of those items and update your inventory records accordingly. Here’s a detailed explanation with an example: 1. Using Rejection In Voucher: 1. Access the Voucher: 1. Alternative Method (Optional): 2. Party Details: 3. Stock Item Details: 4. Optional Details:…