Tally Prime

Manage Buying and Selling Prices Based on the buying and selling prices of each stock item, you may want to  maintain the rates such that they automatically appear when you pass a  transaction. You can do this in TallyPrime by providing the standard cost (for  purchase), and standard price (for sales) for each stock item. You can maintain  rates for the stock items on a daily basis or a specific period based on your  business needs. When you record the purchase and sales invoices, the standard  cost and standard price will appear for that stock item automatically. Also, you may want to fix the selling price of items at different rates to customers, based on the type of the customer or your preferences. For this, in TallyPrime, you can use price list. In This Section: Manage Buying Price Using Standard Cost Manage Selling Price Using Standard Price Use Price List in Sales   

Record Debit Note for Purchase Returns and Increase in Purchase Value Debit Note is a document issued to a party stating that you are debiting their  Account in your Books of Accounts for the stated reason or vise versa. It is  commonly used in case of Purchase Returns, Escalation/De-escalation in price, any other expenses incurred by you on behalf of the party etc. In This Section: Record Purchase Returns Account for Increase in Purchase Value     

Record Purchase Order in TallyPrime When the order is placed with the suppliers for the supply of goods, the items,  quantities, date of receipt, and so on, details are given with the Purchase Order Number. Later, when these goods are received, the Purchase Order is tracked for the Order Details either in the receipt note or in the purchase Invoice. The Outstanding Purchase Order reports are available in TallyPrime. It is possible to know the order position of any item in the Stock Summary. Separate Purchase  Order Outstanding report and Purchase Order Summary report are also available. In This Section: Record Purchase Order Purchase Order Book Purchase Order Outstanding   

Purchase of Goods and Services In your business, you might need to purchase goods or services to fulfil the  demands of your customers. You may do a simple cash purchase or purchase on  credit. For each purchase transaction, you will need to keep a record of the items you bought, payments made, goods returned, and so on. Using TallyPrime, you can  do all of these and more. Moreover, you can view reports any time to know about  all the purchases made in your business and compare against the sales  performance. In This Section : Record Purchase of Goods or Services Use Less Paper Space for Printing Provide Supplier and Consignee Details Purchase of Items with Discounts Purchase with Free items Purchase of Fixed Assets Track Stock Item Cost in Purchases Reports | Know Your Purchases

Purchases from SEZ The purchase of goods and services from a party in an SEZ can be recorded using a  purchase voucher. In a transaction of purchase from SEZ, taxes are applicable  based on the type of purchase. In this section: Purchases from SEZ Purchases Attracting GST and TDS View Purchase Price in Sales Invoice Purchase Returns in GST Change in Assessable Values of Purchases in GST Apportion Additional Ledger Value to Stock Item to Calculate GST Mismatch in Central Tax and State/UT Tax values

Record Purchases Under GST in TallyPrime Once you activate GST in your company, you can record the purchase of goods and  services (inward supply) that attract GST using a purchase voucher. You can also  record purchases from other territory and SEZ, nil rated and exempt purchases,  works contract, purchases attracting GST and TDS. In This Section: Select the Purchase Ledger in VoucherLocal purchase Interstate Purchase Purchase of Fixed Assets Purchases from Other Territory Nil Rated Purchases Exempt Purchases Deemed Exports