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Consignment/Branch Transfer Ledgers [ VAT ]in Tally.ERP 9

The user-defined account group needs to be created for Consignment/Branch Transfer inward and outward. This is to bifurcate the value of stock transfers and actual purchases/sales and capture the values in Profit & Loss Accounts.

Creating User Defined Accounts Group for Consignment/Branch Transfer Inward

Go to Gateway of Tally > Accounts Info. > Group > Create

  • Enter the Name for the Account Group

  • Select Primary in Under field

  • Select the Nature of Group as Expenses

  • Set Does it affect Gross Profit to Yes

  • Retain the settings of the other fields


[Img-9]

  • Press Y or Enter to accept and save.

Consignment/Branch Transfer Inward Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the Name of the ledger as Consignment/Branch Transfer Inward

  • In the Under field, select Stock Transfer - Inward from the List of Groups

  • Set the field Inventory values are affected to Yes

  • Set the field Used in VAT Returns to Yes


[Img-10]

  • Select the VAT/Tax Class as Consignment/Branch Transfer Inward


[Img-11]

  • Accept the purchase ledger.

Creating User Defined Accounts Group for Consignment/Branch Transfer Outward

Go to Gateway of Tally > Accounts Info. > Group > Create

  • Enter the Name for the Account Group

  • Select Primary in Under field

  • Select the Nature of Group as Income

  • Set Does it affect Gross Profit to Yes

  • Retain the settings of the other fields


[Img-12]

  • Press Y or Enter to accept and save.

Consignment/Branch Transfer Outward Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the Name of the ledger as Consignment/Branch Transfer Outward

  • In the Under field, select Stock Transfer - Outward from the List of Groups

  • Set the field Inventory values are affected to Yes

  • Set the field Used in VAT Returns to Yes


[Img-13]

  • Select the VAT/Tax Class as Consignment/Branch Transfer Outward


[Img-14]

  • Accept the sales ledger.

The grouping of ledgers under user-defined Account group will bifurcate the values of purchases / sales from stock transfers in Profit & Loss Account.

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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