explain sales discount process ?


1 Answer(s)


hi sumukha!

you can either use :

Gateway of Tally > F11 Features > F2 > (set YES to) Separate Discount Column on Invoices.

the problem with this option is that Tally.ERP 9 does not report a separate figure for total sales discounts in the Profit & Loss Account.

the other option is to create a Sales Discount Ledger under the Group Direct Incomes or Direct Expenses. If you create it under Direct Incomes you have to enter the amount with a negative sign in the voucher. the problem with this option is that if you have many discount rate %ages you will have to make a ledger for each discount rate. but if you give lumpsum discounts then you can have a single discount account where all discounts are clubbed into one.

hope that helps. if not let me know.