Lesson 19-Creating Sales Voucher

Share


Sales Entry

Sales Voucher is used to record the Sales transactions of the
company. You can pass an entry using the Voucher mode or the Invoice mode where
the calculations can be automated and the transactions can be fed into the
system easily.

Creating a Sales Entry

When
a company sells goods on credit or cash, Sales voucher
is used to record all the Sales transactions of the company.
To
pass a Sales Voucher:
Go
to Gateway of Tally > Accounting Vouchers
·        
Click on F8:Sales
on the Button Bar or press F8.
For
example, if you are selling goods to Debtor A for a value of Rs. 10000/-
a) Debit Customer’s Account

          b) Credit Sales Account

Creating a Sales Invoice

When
a sales transaction is made, a document detailing the transaction (item name,
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 Memo. Tally.ERP 9 provides the
option of creating Invoices.
Invoice
mode is of two types.  It may be:
1.     
An Account Invoice
2.     
An Item Invoice

Account Invoice:  

Sales
Account Invoice is generally used by professionals such as doctors and
consultants who require to issue an invoice for certain services provided such
as consultancy charges, professional fees, etc.
Trading
and manufacturing organizations also use the Account Invoice for invoicing
service charges.
On
the Sales entry screen, click on Acct Invoice button, which is displayed on the
Button Bar on the right-hand side of the screen to display the Sales Account
Invoice screen as shown.
Pass
a Sales Account Invoice for Service provided to Debtor B:
Tally.ERP’s
Account Invoice mode displays the list of ledger accounts, which can be
invoiced as required. This is unlike Item Invoice where Tally.ERP 9 displays
the list of stock items.

Item Invoice:

Invoicing
is generally used for sale of stock where the details of the items sold are
listed. Selecting the Item Invoice allows you to select the stock items that
need to be invoiced. Trading and manufacturing organizations commonly use this
format.
On
the Sales invoice screen, click on the button Item Invoice, which is displayed
on the Button Bar on the right side of the screen and the Sales Item Invoice
appears as shown below:
Pass
a Sales Invoice against sale of Item A – 50 Nos. @ Rs. 15/= per quantity to
Debtor C:

Tally.ERP’s
Item Invoice mode displays the list of stock items, which can be invoiced as
required.

Special Keys for Voucher Narration Field

·      ALT+R: Recalls the Last narration
saved for the first ledger in the voucher, irrespective of the voucher type.
·        
CTRL+R: Recalls the Last narration
saved for a specific voucher type, irrespective of the ledger.

Configuring a Invoice

Before
creating the Invoice, you can set your
Invoice Configurations from F12 configure:
Go
to Gateway of Tally > Accounting Vouchers > F8:
Sales/F9: Purchases (As Invoice)

Select
F12 Configure.

·        
Set the above options, as
required.

Sales Invoice Configuration

1.      Accept Supplementary Details: Set this option to Yes to specify the Despatch Details.
 If this option is set to No, Print Default Name and
Address of Party will be enabled for configuring.
2.      Allow separate Buyer and Consignee names:  Customers who are into consignment
business and would like to have the Consignee details on the
Invoice, have to set this option to Yes.
3.      Use Common Ledger A/c for Item Allocation:  If you would like to allocate all the
Items to a single Sales Ledger in the Invoice, you need to set this option to Yes
for
faster data entry.
4.      Use Defaults for Bill Allocations: Setting this option to Yes will allocate Bill Numbers
automatically as defined in voucher type master in ascending order.
5.      Use Additional Description(s) for Item Name: If you would like to specify any additional
description during entry, this option has to be
enabled.
6.      Consolidate Stock Items with same rates: If you would like to consolidate the stock
items having same rates in Invoice/Challans, set this option to Yes.
7.      Use Pre-Closure Order Details: To pre-close an order while raising a sales invoice for partial
execution, this option needs to be enabled.
8.      Exporters Options:
This is useful for exporting and importing transactions.
9.      Show turnover achieved with Customer:  This option will help you see
 the turnover details during entry.
10.  Allow modification of ALL fields during entry: Default order/delivery note entries
appearing in the Invoice can be changed during Invoice entry. Set this option
to Yes
to permit modification of all fields.
11.  Warn on Negative Stock Balance: Tally.ERP 9 will display a warning message Negative Stock
with quantity details. You can then check which item is  having negative
stock balance.
12.  Honor Expiry Dates usage for Batches: You can restrict or allow the usage of
Expired stocks for selection during entry by configuring this option.
13.  Show batches with Zero Quantity: On setting this to Yes the batches with zero quantity
will be available for selection during entry.
14.  Calculate Tax on current Sub-Total: This option should be enabled if the tax needs to be calculated after
considering additional Income/Expenses.

Printing a Sales Invoice

To print any Invoice/voucher,
press ALT+P or click on the button Print.
You can configure the voucher type to print automatically after saving the
voucher for which, the option Print after saving Voucher
must be set to Yes.

Note:
You can configure the printing options, by selecting the appropriate buttons.
You can give additional information, change titles, print additional pages, and
change printer settings.

 

Buttons specific to sales invoice printing
options

Button             Shortcut                     Behavior
L                      Alt + L                        To
Select the language in which the invoice is to be printed
I                       Alt + I                         To
preview the Invoice
T                      Alt + T                        To
change the Report Titles
G                     Alt + G                        To
select the Page Range for printing
R                     Alt + R                        To
change the method of printing     
F                      Alt + F                        To
change the print format/mode
C                     Alt
+ C                        To Increase/change the
number of copies to print
S                      Alt + S                        To
change/select the printer
The buttons Pre-Printed and Quick Format toggle
between Plain Paper and Neat Format
respectively. These are print specifications that you set. Pre-printed is for
pre-printed stationery. Quick Format does not give fonts or other niceties but
is ideal for fast printing.
The
Invoice Printing Configuration appears as shown.
Set the print options as desired. You can configure the invoice as
per your requirement. The options depend on the various F11: Features and F12:
Configure parameters, that have been set for your
company and for the voucher either by you or by the administrator.
The
printed Sales Invoice will appear as shown:

Allow
Income Accounts in Sales Vouchers
Generally, all the Sales made by
the Company are recorded using Sales Voucher.  In certain cases, the user
would like to record the Income ledgers also in the Sales Voucher, the same is
possible by enabling the option Allow Income Accounts in Sales Vouchers in F12
configuration
in voucher mode.
For Example:  Pass a sales
entry towards Professional Income from Customer A.
  1. Debit Customer A Account
  2. Credit Professional Income Account grouped
    under Indirect Income.
Note:
1. On
enabling Allow Income Accounts in Sales Vouchers the Income ledger will be
available for selection in voucher mode for credit in the second line.
2. In
invoice mode the income ledger will be available for Accounting allocation and
also as additional ledger.
Inventory
Allocations & Other features in Purchase / Sales Vouchers
If the Purchase and Sales
vouchers are to be considered in financial transactions along with Inventory
details, you need to enable the option Inventory Values are affected in
Ledger Master.
The inventory details that you
give in an accounting voucher (like Sales and Purchase Voucher), affects stocks
by immediately updating them, only if Tracking Numbers is not activated in F11:
Features
.  
The information that you need to
give in the inventory allocation sub-screen depends on the features enabled for
the company.
A typical inventory allocation
sub-screen appears as shown.

Name of Item

Select
item from the list of items or create a new item by pressing Alt+C

Location

If
you have more than one location you must specify the location to which this
item is related.
1.     
Set Maintain Multiple Godowns to Yes in
the F11: Inventory Features.  
2.     
Specify the Godown, Quantity, Rate and
Amount for the item.
You
can have different Godown locations.  The default godown available is Main
Location.

Quantity

We have to specify
the quantity of stock item which is purchased/sold.
Enable
the option Actual and Billed Quantities to Yes from F11:F2 Inventory features.
The actual quantity updates stock and the billed quantity affects the accounts.
Give the quantity either in the main unit or the alternate unit. You may even
specify quantities in both units (i.e., with alternate units), for example 1
dozen = 12 Nos.

Rate

Enter the rate for
the Stock Item. If you have entered Standard Rate for the item (Standard Cost
and Standard Selling Price – see Item Master), the voucher will select the relevant
standard rate for that date by default. You can modify it while entering the
voucher.

Per

Enter
the unit of measure for the quantity of the item here. This can be the main
unit or even the alternate unit.

Amount

The
quantity multiplied by the rate per unit is the amount.

End of List

In
all multiple allocations or selections, you have to select the option End of
List or press Enter, at the first blank field. This would accept the multiple
allocations and take you back to the parent screen. For example, Multiple
Locations, Batches or Items.

Batch Wise Details

If
you wish to maintain the Inventory in Batches, you need to set the option
Maintain Batch-wise Details to Yes in F11:F2: Inventory Features.
If
required, you can also set the option Set Expiry Dates for Batches to Yes. Once
you do this, you will see the option Maintain in Batches in the Stock Item
Creation Screen.
If you set this to
Yes, you will find the following in the Item Allocation screen:
·        
Track Date of Mfg
·        
Use expiry dates

Batch Number

Select
a batch number from the list of existing batch numbers, or create a new number
for a new batch.

Mfg. Date

Mfg
Date appears only if it is activated. Enter the date of manufacture. This
enables you to set the expiry date for the batch as a period from the date of
manufacturing.  For example, three months from the date of manufacture.

Expiry Date

This
field appears, only if it is activated. Enter the date of expiry or a period
from the date of manufacture.

 

F12 Configuration – Other Options

Honor Expiry Dates usage for Batches

If
you would like to select the Item having the Batch which is already expired,
you have to set this option to No.  If you have to restrict selection of
expired batches this option is to be set to Yes.

Separate Discount column on Invoices

To
account the Trade discounts, you can enable the option Separate Discount column
on Invoices in F11:F2 Inventory features which will calculate the discounts
automatically during Invoice entry.

Use Common Ledger A/c for Item Allocation

When
you start entering the voucher, Tally.ERP prompts you for the Sales Ledger to
be allocated.  Any number of stock items or account ledgers can be
selected one after another to enable faster data entry.
To
activate this:
·        
Set Use Common Ledger A/c for Item
Allocation to Yes in F12: Configure on the invoice entry screen.
  1. Accept
    the screen to save the voucher.
If you have to allocate different
Items to different Sales Ledgers, you have to set the above option to No.
Calculate Tax on Current
Sub-total
To enable automatic calculations
of taxes and duties on sub totals:
1. Set Calculate Tax on Current Sub-total to Yes in F12:  Configure (Sales Invoice Configuration) on the sales invoice screen

2. Accept the screen to save.
Pass a Sales entry as shown:
In
the above scenario, the Duty is calculated after deducting Labour charges from
the Item value.
RECOMMENDED READ  Simplification of procedure for Form No. 15G and 15H
Latest Comments
  1. Tally Training

    You content is really worth able Thanks for update keep trying to update

  2. Genron Education

    Guys I found This topics really helpful you should must see this. check it out
    http://genrontech.com/pass-journal-entries-in-tally/

  3. raman kumar jha

    we want to show the godown name in invoice voucher

Leave a Reply

Written by

Optimization WordPress Plugins & Solutions by W3 EDGE
%d bloggers like this: