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Record Consignment Sales as Agent in TallyPrime

When you receive goods from a Principal for sale on consignment, you can record the consignment transactions as an Agent in TallyPrime. You can record the goods received from the Principal, sales made to customers, the sale value payable to the Principal, payments made to the Principal, and goods returned to the Principal.

Record Stock Received from Principal for Consignment Sales

When the Principal sends goods to you for consignment sales, you can record the inward movement using a Material In voucher.

1. Press Alt+G (Go To) > Create Voucher > F10 (Other Vouchers) > type or select Material In.
   Alternatively, Gateway of Tally > Vouchers > F10 (Other Vouchers) > type or select Material In.
2. In the Party A/c Name, select the Principal’s ledger.
3. Under Source Godown, select Not Applicable.
4. Under Name of Item, select the stock item.
5. In the Stock Item Allocation screen, select the godown where Third party stock with us is set to Yes.
   
6. Enter the Quantity and Rate.
   
7. Press Ctrl+A to save the voucher.

The goods received from the Principal are now tracked as third-party stock held by you.

Record Sales of Goods Received from the Principal

Once you sell goods received from the Principal, you can record the sale in a Sales voucher.

In the Sales voucher:

1. Press Ctrl+H (Change Mode) > select Item Invoice.
2. Select the required stock item under Name of Item, and enter Quantity and Rate.
3. In the Stock Item Allocation screen, select the godown where Third party stock with us is set to Yes.
   
4. Enter the necessary details, and press Ctrl+A to save the voucher.

Record Consignment Sale Value Payable to the Principal

Based on the value of goods sold, you can record a Journal voucher to account for the amount payable to the Principal.

1. Press Alt+G (Go To) > Create Voucher > F7 (Journal).
2. Enter the amount payable to the Principal.
   1. Debit the Expense ledger and enter the amount.
   2. Credit the Principal’s ledger.
3. In the Bill-wise Details screen, select New Ref and enter the reference numbers with the corresponding amounts.
   
4. Press Ctrl+A to save the voucher.

Record Payments to the Principal

Once the amount payable to the Principal is accounted for, you can record the payment against the relevant journal reference.

In the Payment voucher:

1. Under Particulars, select the Principal’s ledger and enter the amount paid.
2. In the Bill-wise Details screen, select Method of Adjustment as Agst Ref.
   
3. Select the relevant journal voucher reference.
   
4. Enter the necessary details, and press Ctrl+A to save.

Record Goods Returned to the Principal

If you return unsold goods to the Principal, you can record the outward movement using a Material Out voucher.

1. Press Alt+G (Go To) > Create Voucher > F10 (Other Vouchers) > type or select Material Out.
   Alternatively, Gateway of Tally > Vouchers > F10 (Other Vouchers) > type or select Material Out.
2. In the Party A/c Name, select the Principal’s ledger.
3. Under Destination Godown, select Not Applicable.
4. Under Name of Item, select the stock item.
5. In the Stock Item Allocation screen, select the godown where Third party stock with us is set to Yes.
   
6. Enter the Quantity and Rate.
   
7. Press Ctrl+A to save the voucher.