Tutorial on TallyPrime Accouting Software with Practical Assignment
In case of Service oriented business, they also product invoice with their Service Charges plus GST. In this case TallyPrime maintain Accounting Invoice where list of Accounts displays instead of Items and Goods. 1. Go to Gateway of Tally > Vouchers > Press F8 (Sales) Alternatively, Press Alt+G (Go To) > Create Voucher > Press F8 …
With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST supplies. The Purchase or Sales of these goods to a local or interstate customer does not attract GST, and can be recorded using a Purchase / Sales voucher. Let us take a look at what …
Sale of ‘Nil-Rated’ , ‘Exempted’, Supplies using TallyPrime Read More »
You can record the sales of both goods and services in the same invoice by selecting the required sales ledger and GST ledgers (state tax and central tax for local sales; integrated tax for interstate sales) Example: Transactions : Sold the following Goods to Chitra & Co. (within state customer) on Credit on 01/04/2020 with …
Sale of Goods and Services in a Single Invoice with multiple GST Rate in TallyPrime Read More »
You can create a Ledger ‘Rounded off (+/-)’ to round-off the invoice value automatically. 1. Go to Gateway of Tally > Create / Alter > type or select Ledger and press Enter. Alternatively, press Alt+G (Go To) > Create Master/Alter Master > type or select Ledger and press Enter. Note : If you already created the given Ledger Rounded Off (+/-), you can alter as below 137 …
Ledger to Round-off the Invoice Value Automatically in Sale Invoice using TallyPrime Read More »
This is called Recording Sales of Composite Supply under GST (Expenses Apportioning). Composite supply means a supply is comprising two or more goods/services, which are naturally bundled and supplied in with each other in the ordinary course of business, one of which is a principal supply. The items cannot be supplied separately. Illustration in Revised GST …
When defining the price of the item you can include the tax rate. This inclusive Tax Rate can assign during sale under two ways.. 1. Permanently at the time of Creating a Stock Items 2. In Sale Invoice, selecting the option – Allow inclusive of tax for stock items to YES in F12: Configuration. 1. …
Enable Item Rate (Inclusive of Tax) in Sale Invoice in TallyPrime Accounting Software Read More »
The need for different actual and billed quantities may arise in several instances. For example if an extra inventory is sent to cover up for any stock that reaches in a damaged condition or Inventory sent as extra samples or the Stock is despatched to the customer as quantity discount. Setup: Ensure that you are …
Different Actual and Billed Quantities in Sale Invoice in TallyPrime Read More »
Even if you do not need extra voucher types, you would normally alter the predefined voucher types to customize them according to your needs, e.g., to control their numbers. Gateway of Tally > Chart of Accounts > type or select Voucher Type. Alternatively, press Alt+G (Go To) > type or select Chart of Accounts > Voucher Type. The screen appears as shown below: 101 …
Alter Pre-defined ‘Sale’ Voucher Types in TallyPrime Accounting Software Read More »
A trial balance is a summary of all ledger balances, and helps in checking whether the transactions are correct and balanced. If journal entries are error-free and posted correctly to the general ledger, the total of all debit balances should be equal the total of all credit balances. Note : 1. By default, the Trial Balance report will …
Trial Balance Report in TallyPrime Accounting Software Read More »
Sales Register displays the monthly summary of sales transactions and closing balances. The list of transactions pertaining to each month can be viewed by selecting that month. You can change the display according to the information required. The period of the report and the content details can be modified. Columnar periodic reports can be generated …
Sales Register Report in TallyPrime Accounting Software Read More »
