Payment voucher is used to account all the payments made by the company by way of Cash / Bank. It is also used for the payment of fixed assets, purchases, dues to creditors, loans and advances given etc. Gateway of Tally >> Voucher >> Payment (F5) Payment voucher can be passed using Single Entry or […]
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Any money received from debtors against sales Invoices or on Account and for all transactions where money is received are accounted or entered into receipt. Receipts are an official record that represents proof of a financial transaction or purchase. Receipts are also important for tax purposes as proof of certain expenses. Select Receipt Voucher
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Sales vouchers In Tally Prime are used when the company sells goods to customers. When a sales transaction is made, a document detailing the transaction (item name, qty, rate, tax, etc.) has to be given to the buyer or debtor as proof of purchase by him. This document is called “Invoice” or “Bill” or “Cash
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Purchase vouchers In Tally Prime are used when the company purchased some goods from suppliers. Purchase entries can be made in the Voucher as well as Invoice Formats. The advantage of using the invoice format for purchase entry is that it allows automatic calculations of taxes. (ledger accounts classified under the group ‘Duties & Taxes’). Gateway
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Voucher is a document containing the details of financial transactions. There are many types of vouchers in tally prime to enter the business transactions like sales, payment, contra, purchase, Receipt, debit note, etc. Types Of Vouchers In Tally Prime Accounting 1. Accounting Voucher – for accounting Entries 2. Inventory Voucher – for inventory entries 3.
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Gateway of Tally >> Profit & Loss A/c The Profit and Loss Account shows the operational results over a given period. It lists out the Incomes and Expenditures based on the Primary Groups of Tally and the Profit & Loss Account in Tally is updated instantly with every transaction voucher that is entered and saved.
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Gateway of Tally >> Create >> Godown A Godown / location is a place where stock items are stored i.e. (warehouse or other storage place). You can specify where the stock items are kept. Step 1 Click on Create Step 2 Click on Location / Godown Step 3 Click on create new
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Gateway of Tally >> Create >> Stock Item Stock are those goods or products which are saleable And are used for business transactions. Stock Item refers to the goods that you manufacture or trade. You have to create a Stock Item in Tally Prime for each inventory item that you want to account for. Create
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Gateway of Tally >> Create >> Unit Stock Items are mainly purchased and sold on the quantity basis. Unit are the measurement unit of stock item. Every Stock item measured by a unit. Create Following Stock Unit Step 1 Click on Gateway Of Tally Step 2 Click on Unit for create new Stock
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Gateway of Tally >> Create >> Stock Category Stock categories is the categorization of the stock items of similar features belonging to different stock groups. Eg: If the company is dealing with Smartphones. The company’s inventory might consist of Smartphones of different brands like Samsung, Oppo, Vivo etc. Create following stock category Step 1 Click
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