Sales Service and Received Payment – 3 in Tally Prime

Sales Service And Received Payment – 3

Tally Prime is a popular accounting software that helps businesses manage their finances efficiently. It offers a range of features and tools that simplify the process of accounting, from invoicing and inventory management to payroll and financial reporting. In this article, we will discuss how to use Tally Prime to record sales service and received payment.

Step 1: Creating a Sales Voucher

The first step in recording a sales service is to create a sales voucher. To do this, go to the 'Accounting Vouchers' menu and select 'Sales.' Fill in the details of the sale, including the customer name, the date of the sale, and the items sold. Tally Prime automatically calculates the total amount of the sale, including any taxes or discounts.

Step 2: Recording Payment Received

Once the sale has been recorded, you can record the payment received from the customer. To do this, go to the 'Accounting Vouchers' menu and select 'Receipt.' Fill in the details of the payment, including the customer name, the date of the payment, and the amount received. Tally Prime will automatically update the customer's balance and the bank account.

Step 3: Viewing Reports

Tally Prime allows you to generate a range of reports that provide valuable insights into your business's financial performance. To view reports related to sales service and received payment, go to the 'Reports' menu and select 'Account Books.' From here, you can view reports such as the sales register, payment register, and customer ledger.

Conclusion

In conclusion, Tally Prime is a powerful accounting software that makes it easy to manage your business's finances. Recording sales service and received payment is a simple process, and with the range of reports available, you can gain valuable insights into your business's financial performance. By using Tally Prime, you can save time and money and focus on growing your business.