A Rejection Out Voucher is used in Tally to record the return of goods that a customer has rejected. If you are using Tally, one of the most popular accounting software tools, you might have come across the term “Rejection Out Voucher.” It helps in keeping your inventory and accounts accurate by properly tracking the …
Rejection Out Voucher in Tally – Purchase Cycle / Proccess Read More »
A Receipt Note Voucher is used to record the receipt of goods that you purchase from a supplier. When you receive goods, you’ll use this voucher to update your inventory and keep track of items delivered to you. In simple words, it’s a document in Tally Prime that helps you: Record details of goods received …
Receipt Note Voucher in Tally Prime – Purchase Cycle / Proccess Read More »
A purchase order (PO) is a formal document that helps businesses keep track of items they wish to buy from suppliers. A Purchase Order is a document sent to a supplier indicating the types, quantities, and agreed prices for products or services the buyer intends to purchase. It is an official record of what has …
How to Make Purchase Order Entry in TallyPrime: Purchase Cycle / Proccess Read More »
In the world of accounting, not all transactions involve external parties like customers or suppliers. Some transactions happen within the business itself, such as transferring money from one bank account to another or depositing cash into the bank. These internal cash/bank transactions are recorded using the Contra Voucher in TallyPrime. As per the Accounting Principles, …
One of the most frequently used vouchers in accounting is the Payment Voucher. In TallyPrime, this voucher is used to record any kind of outflow of money—whether it’s a cash payment, bank transfer, cheque, or UPI transaction. Payment voucher is used to account all the payments made by the company by way of Cash / …
In every business, receiving money—whether from customers, banks, or other sources—is a routine activity. In TallyPrime, such incoming transactions are recorded using a Receipt Voucher. Whether it’s a cash receipt, bank a Receipt Voucher helps you track all money inflows systematically. Receipts are an official record that represents proof of a financial transaction or purchase. …
Sales vouchers In Tally Prime are used when the company sells goods or services 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” …
Purchase vouchers In Tally Prime are used when the company purchased some goods or services 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 …
Purchase Voucher in TallyPrime | A Complete Guide to Purchase Invoice Bills Read More »
A Journal Voucher in TallyPrime is used to record non-cash transactions, adjustments, and internal business activities that do not directly involve cash or bank accounts. The Journal Voucher is a vital part of TallyPrime and everyday accounting. It helps you record all non-cash and adjusting transactions accurately. Learning to use it properly will improve the …
Narration in Tally refers to the brief explanation or description provided for a transaction at the time of entering a voucher. It appears below the ledger account entries and serves as a note explaining why a transaction was made. 📌 Why is Narration Important? Clarity in Records: It tells the story behind a transaction, …
