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 Sales with Salesperson Details for Collection and Commission in TallyPrime You may be keeping track of the sales made by each salesperson, or want to keep track of it. You can use the cost centre feature and track this in the sales voucher itself. Based on your business needs, you may want to track the total sales done by the salesperson to calculate commission on it, or assign the salespersons to collect the sales amount from the party or both. You can enable the cost centre feature in TallyPrime and record all these details. In This Section: Details for Calculation of Commission on Sales Details for Collection of Sales Amount Details for Collection and Commission   

Record Credit Note for Sales Returns and Increase in Sale Value In case you have sold goods and some or all of the goods have been returned by your customer, you will need to account for such sales returns. Once you accept the goods that are returned, before or after receiving the payment for the same, you can record the transaction using the credit note feature of TallyPrime.  In This Section: Sales Returns Transaction Credit Note Register Account for Increase in Sale Value   

Record Sales Order in TallyPrime In your business, if you are following the process of raising a sales order for each sales transaction, you can do the same in TallyPrime. You can record a sales order, raise a delivery note and link it to this order, and then link them to the sales invoice. You can use the reports to track the outstanding sales orders. You can generate and print a sales order as quotation, and it will not affect your books of accounts. You can also pre-close the orders, if needed. In This Section: Record Sales Order Sales Against Sales Order Record Delivery Note Against Sales Order Record Partial Cancellation of Goods Record Quotation Pre-Close Sales Order Reports | Sales Orders & Sales Order Outstanding

Sales of Goods and Services Every business involves sales of goods or services. The sales transactions in your business may be a simple cash sales, or even sales on credit. For each sales transaction, you will need to keep a record of the items that you sold, the payment that you received, goods returned, and so on. The invoice also serves as a proof of the purchase made by the buyer. Using TallyPrime, you can do all of these and more. Moreover, you can view reports any time you need to understand the sales performance of your business. In This Section: Record Sales of Goods  Record Sales of Services Sales in Voucher Mode or Double Entry Mode Reports | Know Your Sales Receive Money Against Sales Sales Against Advance Receipt Change Ledger for Item Allocation Sales with Additional Charges Sales of Items with Discounts Sales with Free Items Specify Separate Buyer (Bill to) and Consignee (Ship to) details Faster Data Entry using Voucher Class   

Record Sale of Fixed Assets in TallyPrime If you are selling off your fixed assets (for example, furniture) which you do not trade in, you can record such sales in TallyPrime. You can also adjust the profit or loss arising out of such sale using a journal voucher. In This Section: Record Sale of Fixed Assets Adjust Profit or Loss on Sale of Fixed Assets

Tally Audit Audit is an important function of any business organization, it denotes that the business has True and Fair transactions during the year. TallyPrime has an inbuilt feature- Tally Audit which enables the auditor to perform an audit or track changes that affect the integrity of a transaction, such as changes made to Date, Ledger Masters and Amounts in the Voucher are reflected in the Tally Audit Listings. In This Section: Enable Tally Audit Features Audit Listing for Voucher Types Audit Listing for Masters Audit Listing for Users

Record Point of Sale (POS) Transaction in TallyPrime Point of Sale transaction may take place at a retail shop, a check-out counter in a shop or any similar location. The various POS equipment used in retail outlets are cash registers, card readers, and barcode scanners. In TallyPrime, you can record a POS invoice in single or multiple payment modes, print it using a POS invoice printing device, and view the list of POS transactions in reports. You can also create a voucher class for POS in TallyPrime, to automate ledger  allocation in the invoice. In This Section: Record a POS Invoice POS Invoice with Multiple Modes of Payment POS Register Voucher Class for Faster Data Entry

Sales to SEZ The sale of goods and services to a party in an SEZ can be recorded using a sales vouchers. In an SEZ sales transaction, taxes are applicable based on the type of sale: Taxable SEZ sale: In SEZ sales, integrated tax is applicable for both local and interstate parties. Exempt and nil rated SEZ sale: No tax is applicable. SEZ sale under LUT/bond: No tax is applicable. SEZ sales under LUT/bond are allowed when you have signed up a letter of undertaking with the department for  the sale of goods without the payment of duty. In This Section: Sales to SEZ Deemed Export Sales to Consumers Sales to Consignee and Buyer Sale of Works Contract Services Exports Sales Sales Returns Change in Assessable Values of Sales Mismatch in Central Tax and State/UT Tax values

Interstate Sales to Embassy or UN Body You can record interstate sale of taxable, exempt and nil rated goods to Embassy or UN Body, using the new natures of transaction, even without selecting the party type in customer ledger. In this section Interstate Sales to Embassy or UN Body Sales of Stock Items with Cess Sales by applying Slab-wise Tax Rates Sales to Other Territory Nil-rated Sales Exempt Sales

Sales Under GST You can record sales under GST in TallyPrime and print a valid GST tax invoice with party’s GST registration and location, item details (HSN or SAC), and tax rates. You can also record the export of goods, sales to other territory and SEZ, sales to  foreign tourists, nil rated and exempt sales, deemed export, and so on, using a sales voucher.   In This Section: Select the Sales Ledger in Voucher Sales with Multiple GST Rates in an Invoice Interstate Sales with GST Sale of Services Override assessable value in invoice Override HSN code in invoice Update Party Details in Invoice Sales of Composite Supply Under GST Sale of Mixed Supply Sale of Fixed Assets