Additional Cost Details in Tally - Free download as Word Doc (.doc /.docx), PDF File (.pdf), Text File (.txt) or read online for free. Tally.ERP 9 allows additional costs like packing charges, freight charges, and cartage to be added to the actual cost of purchase. These additional costs can be entered during purchase voucher or invoice creation.
Amount You can enter the amount of additional cost directly or if the percentage is entered, then amount will be calculated automatically. Note: If there are two or more items, then for items, the 'Additional Cost Details' screen will be displayed. Purchase entry in As Invoice mode: The treatment of additional costs on stock items is automated.
After that, you can account for the additional cost of purchase on stock items in a purchase voucher. When you record a purchase transaction, TallyPrime. Purchase entry in As Voucher mode: The additional cost details have to be filled in after the allocation of each purchase item.
While creating the Purchase Voucher, once after giving the Quantity and Rate in the Inventory Allocations, press Enter button on the Amount column, Additional Cost Details screen will be displayed. In this video we will help you how to do additional cost details in Tally.ERP9 with live project. Additional cost details means the cost of an item is the rate at which the item is purchased.
The cost of an item is the rate at which the item is purchased. However, there are other expenses like Packing charges, Freight charges, Cartage incurred, etc. which add to the cost of purchasing the item.
Thus, the additional cost details are required to be added to the actual cost of purchase. Let us now see how Tally.ERP 9 handles this. Use this activity to enter or edit details regarding additional cost amounts, i.e., define several different additional cost types on one purchase order line.
The cost amount for each additional cost type needs to be entered manually. About Entering Additional Cost Details on Invoices When entering an invoice for a receipt, you see additional costs only for the vendor selected for the invoice. Additional costs for secondary vendors appear on separate invoices.
You can add new additional costs to an invoice, and you can select any proration method except manual proration. This article describes best practices recommended by Microsoft when you work with data in cost details files. Once you enter the details of the stock item, the Additional Cost of Details for: (stock items selected) screen appears.
Specify details of the additional cost. Select the ledger (s) from the List of Ledger Accounts, as applicable. Add the %-age, as per the cost of the stock item and the Amount gets calculated.