Purchase Process in TallyPrime
TallyPrime helps you record your purchase of goods and services, manage supplier orders, track receipts, account for returns and adjustments, and monitor purchase activities.
Different Types of Purchases
You can record:
- Purchases of goods and services using different voucher modes.
- Credit purchases and track outstanding amounts payable to suppliers.
- Purchases against advance payments and adjust the advance received.
- Purchases of fixed assets.
Purchase Cost Management
You can:
- Include additional costs to stock items and arrive at the actual cost of goods.
- Record purchases using standard cost.
- Account for additional import expenses.
Discounts and Free Items
You can record purchases with:
- Discounts received from suppliers for the overall transaction or specific items.
- Free items while maintaining accurate purchase value and stock quantities.
Purchase Orders and Goods Receipt
You can record and manage:
- Purchase Orders to track procurement and monitor pending quantities.
- Receipt Notes to track goods received from the supplier.
Purchase Returns and Adjustments
You can:
- Record purchase returns when goods are returned to suppliers.
- Account for increases or decreases in purchase value.
Purchase Reports
You can track your purchases using:
- Purchase Register
- Purchase Orders Book
- Purchase Order Outstandings
- Purchase Bills Pending
- Day Book
- Debit Note Register
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