Category: Intermediate

1. Understanding Sales Orders in TallyPrime A sales order is a document created before a sale is made, outlining the terms and conditions of the sale. It can be used as a contract between the buyer and seller. 2. Steps to Record Sales Against Sales Orders in TallyPrime: 1. Create a Sales Order: 2. Create…

1. Understanding Sales Returns in TallyPrime A sales return occurs when a customer returns goods or services previously purchased. When a return is recorded after receiving payment, it typically involves issuing a credit note to the customer and adjusting the accounts accordingly. 2. Steps to Record Sales Returns After Payment in TallyPrime: 1. Create a…

1. Understanding Sales Returns in TallyPrime A sales return occurs when a customer returns goods or services purchased previously. In TallyPrime, you can record sales returns even before receiving payment for the original sale. 2. Steps to Record Sales Returns Before Payment in TallyPrime: 1. Create a Credit Note: 2. Enter Party Details: Select the…

1. Understanding Buyer and Consignee in TallyPrime In many cases, the buyer and consignee may be different entities. For example, a company might purchase goods for a client and have them shipped directly to the client’s address. 2. Steps to Specify Separate Buyer and Consignee in TallyPrime: 1. Create Ledger Accounts: Create separate ledger accounts…

1. Understanding Trade Discounts in TallyPrime Trade discounts are discounts offered by suppliers to retailers or wholesalers. They are typically based on factors such as purchase volume, customer relationships, or promotional offers. 2. Steps to Record Sales with Trade Discounts in TallyPrime: 1. Create a Purchase Invoice: Go to Gateway of Tally > Vouchers >…

1. Understanding Sales Discounts in TallyPrime Sales discounts are reductions in the selling price of goods or services offered to customers. They can be based on various factors, such as early payment, bulk purchases, or promotional offers. 2. Steps to Record Sales Discounts on Total Item Amount in TallyPrime: 1. Create a Sales Invoice: Go…

1. Understanding Ledger Allocation in TallyPrime When you allocate stock items to sales or purchases, TallyPrime automatically uses the default ledger associated with the stock item. However, you can manually change the ledger for specific allocations. This is useful when you need to allocate items to different accounts based on specific criteria. 2. Steps to…

1. Understanding Advance Receipts in TallyPrime Advance receipts are payments received from customers before the delivery of goods or services. When you record a sale against an advance receipt, you’re essentially adjusting the customer’s account balance to reflect the sale and the remaining balance. 2. Steps to Record Sales Against Advance Receipts in TallyPrime: 1.…

1. Understanding Discounts in TallyPrime Discounts can be offered to customers for various reasons, such as early payment, bulk purchases, or promotional offers. In TallyPrime, you can record discounts while receiving payments. 2. Steps to Record Receipts with Discounts in TallyPrime: 1. Go to Receipts Voucher: Go to Gateway of Tally > Vouchers > Press…

1. Understanding Comparative Sales Register in TallyPrime The Comparative Sales Register in TallyPrime allows you to compare sales data across different periods, such as months, quarters, or years. This is a valuable tool for analyzing sales trends, identifying growth or decline, and making informed business decisions. 2. Accessing Comparative Sales Register in TallyPrime: 3. Configuring…