Purchase and Sales Order processing in Tally
Many readers raising query through comments asking about how to process Purchase Order so today, we will discuss the easiest way to configure Purchase and Sales Order Processing in tally
If you are aware about setting various option through F11 in tally, then you will not find it hard to configure various option yourself. We have already discussed some such set up in tally and all you need is to browse your tally software to explore various potentiality of this wonderful ERP accounting software. A reading on voucher entry configuration will also help you to maximize the benefits of this software.
To enable Purchase Order Processing in Tally, you must set your accounts with inventory which you can do by creating/altering company.
here is the step by step procedure for Purchase and sales order processing in tally.
To enable Sales Order and Purchase Order Processing in Tally.ERP 9, activate the following in F11: Features (F2: Inventory Features)
Set Allow Purchase Order Processing and Allow Sales Order Processing to Yes in the Order Processing section.
When the order is placed with the suppliers for the supply of goods, the Items, quantities, date of receipt etc., details are given with the Purchase Order Number. Later, when these goods are received, the Purchase Order is tracked for the Order Details either in the receipt note or in the purchase Invoice.
The Outstanding Purchase Order reports are available in Tally.ERP 9. It is possible to know the order position of any item in the Stock Summary. Separate Purchase Order Outstanding report and Purchase Order Summary report are also available.
To create a Purchase Order,
Go to Gateway of Tally > Inventory Vouchers > press Alt + F4 or click on Purc Order
Party’s A/c Name
Select the Supplier�s name from the List of Ledger Accounts. Use Alt + C to create a new account.
Enter the purchase order number under Order No column
Name of the Item
Select the Stock Item that needs to be purchased from the List of Stock Items. The Item Allocations sub-screen is displayed. Enter the details as shown.
Enter the due date for receipt of the items. This monitors outstanding receipts.
If orders are split for different dates, then specify the due date for the first lot to be received, after selecting the quantity, rate and amount; specify the due date for the second lot and so on. After specifying the due dates for all the lots, press Enter in the Due on field to return to the Voucher Creation screen.
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