Add to Favourites

Include Additional Costs in Stock Item Purchases in TallyPrime

When purchasing stock items, you may incur additional expenses such as transportation, packaging, labour, or other charges that add to the actual cost of the items. In TallyPrime, you can allocate these additional purchase costs to stock items in the purchase voucher, helping you determine their accurate purchase value and selling price.

Record Additional Cost of Purchases | Item Invoice Mode

For purchases in Item Invoice mode, Additional Cost ledgers help you in easily including any additional expenses.

In a purchase voucher (Item Invoice mode):

1. Specify the stock items along with the Quantity and Rate.
2. Select the additional expense ledger and enter the percentage.
   The amount is automatically calculated. You can also enter the amount directly.
3. Enter Narration, if needed, and press Ctrl+A to save.

Record Additional Cost of Purchases | As Voucher Mode

For purchases in voucher mode, you can configure the Purchase Voucher Type to track and allocate additional costs of purchase to stock items.

In a purchase voucher (As Voucher mode):

1. In the Cr field, select the cash, bank, or party ledger, and in the Dr field, select the Purchase ledger.
2. In the Inventory Allocations for screen, select the stock item and specify the Quantity and Rate.
3. In the Additional Cost of Details for screen, update the additional costs for each stock item.
   
   1. Select the expense ledgers under Type of Cost.
   2. Under %-age, you can enter the percentage, and the amount is calculated automatically, or you can enter the amount directly.
   3. Select End of List, once you specify all the additional costs for the purchase of the stock item.
   4. In Inventory Allocations for: Purchase, specify any additional stock items along with their additional costs.
      
4. Enter Narration, if needed, and press Ctrl+A to save.
   

In this way, you can arrive at the actual purchase cost, which helps you in accurate inventory valuation. You can view the actual value of stock items in the Stock Summary report.