Purchase Return And Sales Return in Tally Prime

Purchase Return And Sales Return in Tally Prime

Purchase returns and sales returns are common transactions in business that involve returning goods to the supplier or customer, respectively. In Tally Prime, you can easily record these transactions using the purchase return and sales return vouchers. Here's how:

Purchase Return in Tally Prime:

1. Go to the "Gateway of Tally" and select "Accounting Vouchers" from the list.
2. Select "Ctrl+F9: Purchase" to create a purchase voucher.
3. Enter the name of the supplier and the purchase invoice details.
4. In the item details section, select the item you are returning.
5. Enter a negative quantity and the rate at which you are returning the item.
6. Tally Prime will automatically calculate the amount of the return.
7. Press enter to save the voucher.

This voucher will be recorded as a negative entry in your purchase account and a positive entry in your purchase return account.

Sales Return in Tally Prime:

1. Go to the "Gateway of Tally" and select "Accounting Vouchers" from the list.
2. Select "Ctrl+F8: Credit Note" to create a credit note voucher.
3. Enter the name of the customer and the sales invoice details.
4. In the item details section, select the item being returned.
5. Enter a negative quantity and the rate at which the item was sold.
6. Tally Prime will automatically calculate the amount of the return.
7. Press enter to save the voucher.

This voucher will be recorded as a negative entry in your sales return account and a positive entry in your sales account.

By recording purchase returns and sales returns in Tally Prime, you can keep track of your returns and ensure that your accounts are up to date and accurate.