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TallyPrime Course

Job Costing Manage in TallyPrime

Job Costing is a method of costing where costs are assigned to a specific job project or batch. Each job is treated as a unique cost unit, and all related income and expenses are tracked to analyze profitability. Job Costing is used to track expenses and incomes related to a specific project, contract, or job. It helps to know the profit or loss for each job or project.  Enable Job Costing in TallyPrime  Press F11 → Accounting Features.  Set “Maintain cost centres” to Yes.  Set “Use cost centre for job costing” to Yes.  Press Ctrl + A to save.    Steps to Use Job Costing  Create Cost Centres (Jobs/Projects):  Go to: Gateway of Tally → Create → Cost Centres   Allocate Expenses and Income to Cost Centres  While passing any expense/income entry, Tally will ask: “Allocate to Cost Centre?”  View Report  Gateway of Tally → Display More Reports → Cost Centres → Cost Centre Break-up  It shows profit/loss for each project.    Assignment 1: Building Construction Project  You are handling a construction project for a client. You record purchases and services involved.  ➤ Create Cost Centre: Building Construction  Transaction  Amount  Voucher Type  Allocate to  Cement Purchase  ₹1,20,000  Purchase  Building Construction  Labour Charges  ₹50,000  Journal  Building Construction  Site Supervision Expense  ₹10,000  Payment  Building Construction  Payment Received from Client  ₹2,00,000  Receipt  Building Construction  Profit = ₹2,00,000 – ₹1,80,000 = ₹20,000    Assignment 2: Office Renovation Work  You manage renovation for a client’s office. The project includes furniture purchase and labour.  Step 1: Create Cost Centre – Office Renovation  Step 2: Record Entries:  Transaction  Amount  Voucher Type  Allocate to  Purchase of Furniture  ₹75,000  Purchase  Office Renovation  Labour Charges  ₹25,000  Journal  Office Renovation  Payment Received  ₹1,20,000  Receipt  Office Renovation  Task:  Record purchases and labour under Office Renovation.  Record income as Receipt.  Profit = ₹1,20,000 – ₹1,00,000 = ₹20,000    Assignment 3: Computer Lab Setup for College  You are setting up a computer lab in a college. The project includes buying systems and hiring an installation team.  Create Cost Centre: College Lab Setup  Transaction  Amount  Voucher Type  Allocate to  Purchase of 10 Computers  ₹3,00,000  Purchase  College Lab Setup  Installation Charges  ₹25,000  Journal  College Lab Setup  Network Cabling & Accessories  ₹15,000  Journal  College Lab Setup  Payment Received from College  ₹3,75,000  Receipt  College Lab Setup  Profit = ₹3,75,000 – ₹3,40,000 = ₹35,000    Job Costing Summary Table  Project Name  Total Expense  Total Income  Profit  Building Construction  ₹1,80,000  ₹2,00,000  ₹20,000  Office Renovation  ₹1,05,000  ₹1,25,000  ₹20,000  College Lab Setup  ₹3,40,000  ₹3,75,000  ₹35,000       

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How to Alter Group of Ledgers in TallyPrime?

In TallyPrime, Ledger Groups help organize accounts properly. Sometimes after creating groups, you may need to edit or correct them. That process is called altering group of ledgers. Alter Group of Ledgers” means to edit, rename, or change any details of an existing ledger group in TallyPrime. You may want to change: The group name The parent group Whether it is a primary group or a sub-group Enable or disable GST, TDS, or other options Step 1- Go to “Alter” Menu   Step 2- Click the Group to Edit   Step 3- Select the Ledger Group to Edit   Step 4- Make Changes You can now: Edit Name of the Group Change Parent Group Set group as Primary or not   after making changes Once done, press Ctrl + A to save. Your ledger group is now updated!   Assignment for Practice: Create a group named Transport Expenses under Indirect Expenses. Now go to Alter → Group and rename it to Freight Charges. Change the parent group to Direct Expenses. Save and verify from Display → List of Accounts.

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Purchase Voucher with Stock Item – TallyPrime Purchase Voucher

Purchase with Stock Item   Step 1- Click on Create Create Required Ledger for Make Voucher Entry like Party Name, Purchase or Other If Already done that’s great – for create new click on ledger Enter your your ledger information like name, under group and related info   Now Create inventory master like stock group, category, unit, item name, godown for arrange in a systematic way. Create Stock group click on group after click on create its visible only if enable inventory features in your company. Enter here you stock group name and other info Create stock Category Enter here your item category name Create item measurement unit Create Stock Godown Enter here godown name and info Now Create Stock Item And with stock group , category and unit also used (Group) Add category Add stock unit now item is ready to save Another stock item with another category stock item create Before purchase our balance Sheet (Closing Stock 6700.00)   Select voucher mode as item invoice Purchase voucher with all information filled Fill other information like rate, qty, godown, etc now accept voucher and save transaction   now see reports after making purchase voucher (Balance Sheet) See reports   See liability report   See reports Stock summary Stock group wise   Stock item      

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Sales Voucher with Stock Item invoice mode – TallyPrime

Sales Voucher with Stock Item Create required ledger – Customer Name Ledger Create Sales A/c Ledger Click on Voucher Select Sales Voucher – F8   Fill Item Details After filling the item details Second item details Sales voucher will be like something this   See Reports (Balance Sheet) Balance Sheet Report Current Assets Closing Stock Stock Group Sundry Debtor Report – Receivable Party Name Date Reference – Sale Date / Month Sales Voucher See this one  

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How to Check / See Purchase Order Outstanding Reports Ledger wise in TallyPrime

After making see reports – Click On Display More Reports Click On Statements of Inventory Click On Purchase Order Outstanding   Click on Ledger to see Party wise report Select party to see Outstanding Click on All Orders to  see All Outstanding Orders Check Outstanding Balance Sheet – No Effect  

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How to See Stock Receipt Note Register – TallyPrime Reports

Now See Receipt Note Register – Click on Display More Reports Click on Inventory Books   Click on Receipt Note Register Select Month Select Party Ledger Here You Can See Receipt Note   Godown Wise Report – Click on Godown Here you will see your all created godowns or locations Select your location Stock Group Stock Item  

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How to Delete Group of Ledgers in TallyPrime

In TallyPrime, we create Ledger Groups to keep similar types of accounts together. Sometimes, we may create a group by mistake or no longer need it. In such cases, we can delete that group from Tally. ⚠️ Important Before You Delete You can’t delete a group if there are still ledgers inside it. You must first delete all ledgers under the group. Deleting is permanent – it can’t be undone. From the Gateway of Tally, press: on Alter Click on Groups Choose the Group to Delete Find the group you want to delete and press Enter. Example: “Office Equipment” Press Alt + D to Delete Press Alt + D on your keyboard.  Tally will ask: “Are you sure you want to delete this?” Press Y for Yes.   “Are you sure you want to delete this?” Press Y for Yes. after deletion    

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How to Delete Ledger in TallyPrime

In TallyPrime, a ledger is used to record the name of an account like cash, sales, electricity bill, customer account, etc. Sometimes, you may create a wrong ledger by mistake or you no longer need it. In that case, you can delete the ledger easily.   ⚠️ Important Before Deleting a Ledger Before you delete a ledger, remember: You can only delete a ledger if it has no transactions. If the ledger is used in any voucher, you cannot delete it. Deleting a ledger is permanent and cannot be undone. Gateway of Tally, press on Alt Click on Ledgers Find the Ledger You Want to Delete Scroll or search the ledger you want to delete. Example: You want to delete the ledger SahDev Mishra. Select it and press Enter to open. Press Alt + D to Delete Once the ledger opens, press: Alt + D Tally will ask:“Are you sure you want to delete this master?” Press Y to confirm. The ledger will be deleted. “Are you sure you want to delete this master?” Press Y to confirm. The ledger will be deleted.

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