Record a Purchase Against an Advance Paid to the Supplier in TallyPrime
In some business scenarios, you may pay an advance to your supplier before receiving the goods or services. When recording a purchase invoice in TallyPrime, you can adjust the purchase against the advance payment.
Ensure that the supplier ledger is configured with the required Credit Limit & Credit Period, and for maintaining balances bill-by-bill.
In the Purchase voucher:
- Press F12 (Configure) and set Use default Bill-wise details for Bill Allocation to No.
- Under the Party A/c Name, select the supplier.
- Select the purchase ledger and enter the necessary stock item details.
- In the Bill-wise Details for, select Agst Ref and the Pending Bill.
The Amount gets prefilled.
- Press Ctrl+A to save.
In this way, you can adjust the advance against the purchase bill and pay only the remaining balance, if any. You can also adjust any unused advance against future purchase bills.
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