Category: Intermediate

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…

1. Understanding Profitability Analysis in TallyPrime To analyze the profitability of your sales in TallyPrime, you can combine the Sales Register with other reports to calculate and display profit margins. 2. Steps to Analyze Profitability in Sales Register in TallyPrime: 1. Generate Sales Register: 2. Calculate Cost of Goods Sold (COGS): 3. Calculate Profit: Subtract…

1. Understanding the Extract of Sales Register in TallyPrime The Extract of Sales Register in TallyPrime is a specialized report that allows you to view a specific subset of your sales data based on defined criteria. It’s particularly useful for analyzing sales performance within a particular timeframe or for specific customers or products. 2. Accessing…

1. Understanding Columnar Sales Register in TallyPrime The Columnar Sales Register in TallyPrime is a customizable report that allows you to view sales data in a tabular format with specific columns. You can choose which columns to include and their order, making it a flexible tool for analyzing sales performance. 2. Key Features of Columnar…

1. Understanding Proforma Invoices in TallyPrime A proforma invoice is a preliminary document that outlines the terms and conditions of a proposed sale or service. It’s often used to provide potential customers with an estimate of the cost and to secure orders. While not a legally binding document, it serves as a reference for both…