Receipts from Principal Manufacturer Towards Job Work Bill in TallyPrime

Table of Contents

1. Understanding the Scenario

In a job work arrangement, the principal manufacturer often sends raw materials to the job worker for processing.

When the job worker returns the finished goods, they might receive payments or adjustments from the principal manufacturer.

This process is typically recorded using a Receipt voucher in TallyPrime.

2. Steps to Record Receipt from Principal Manufacturer in TallyPrime:

1. Access Receipt Voucher:

Go to Gateway of Tally > Vouchers > Press F5 (Receipt).

2. Enter Voucher Details:

Party’s A/c Name: Select the Principal Manufacturer’s ledger account.
Date: Enter the date of receipt.
Payment Mode: Select the mode of payment (Cash, Bank, etc.).

3. Bill-wise Details:

Select the “Select Bill” button.
In the “Bill Type” field, select “Purchase”.
In the “Party A/c Name” field, select the Principal Manufacturer’s ledger account.
Select the specific purchase invoice raised for the job work charges.
Enter the amount received as payment against the invoice.

4. Additional Details:

If required, you can add narration or other relevant information.

5. Save the Voucher:

Press Ctrl+A to save the receipt voucher.

3. Example: You received a Payment of Rs. 5,000 from the Principal Manufacturer

You received a payment of Rs. 5,000 from the principal manufacturer against a job work bill of Rs. 10,000 for stitching 50 shirts.

Create a Receipt voucher.
Select the Principal Manufacturer’s ledger account.
Select the payment date and mode.
Select the purchase invoice raised for the stitching charges.
Enter the amount received as Rs. 5,000.
Save the voucher.

4. Important Considerations:

Partial Payments: You can record partial payments against a purchase invoice by adjusting the payment amount.
Multiple Invoices: If multiple invoices are outstanding, you can select and pay against multiple invoices in a single receipt voucher.
Adjustments: For adjustments or refunds, you can create a credit note against the purchase invoice and then record a receipt for the refund amount.

By following these steps, you can accurately record the receipts from the principal manufacturer towards your job work bills in TallyPrime, ensuring proper financial management and reconciliation.