TallyPrime Book @ Rs.600
Tally.ERP9 Book @ Rs.550

 


 
 

Additional Cost on Purchase using Tally.ERP9

The cost of an item is the rate at which the item is purchased. However, there are other expenses like Packing charges, Freight charges, Cartage incurred, etc. which add to the cost of purchasing the item.

Thus, the additional cost details are required to be added to the actual cost of purchase.

Let us now see how Tally.ERP 9 handles this requirement.

Activating Additional Cost Details

F11 : Featuers > F2 : Inventory ( as below)


1. Creating Purchase Invoice with Additional Cost Details

Setup:

Note :

  • Ensure that Enter Purchases in Invoice Format in F11: Features (Accounting Features) is set to Yes
  • Create a Ledger – Stationery House under Sundry Creditors.
  • Create the following stock items:

Name of Items

Under

 Units

Stapler

Primary

Nos

Stapler Pin

Primary

Nos

  • Create a new group Expenses on Purchases under the default group Purchase Accounts

Create the following ledgers under the newly created group Expenses on Purchases with the option Inventory Values are Affected to Yes.

  • Packing Charges on Purchases
  • Carriage on Purchase

Step 1:Create Purchase Invoice

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

The purchase invoice appears as shown below:

Creating Purchase Invoice with Additional Cost Details in Tally.ERP9

3. Press Y or Enter to accept the screen and return to the Gateway of Tally.

Display Stock Voucher Report

Let us see the rate that is displayed in the stock item voucher report. Go to Gateway of Tally >

Display > Inventory Books > Stock Item > Select Stapler

Press Enter till you reach the Stock Vouchers screen as shown below:

Creating Purchase Invoice with Additional Cost Details in Tally.ERP9

 

2. Appropriate Additional Costs on Purchase using Tally.ERP9

In the entry dated 1-6-2019, we gave the additional cost details for each item (Stapler and Stapler Pins). This additional cost was calculated and added to the cost of the item. The additional costs are not added to the cost of the items, when the entry is made in the invoice format.

To appropriate the additional costs to purchase invoice of 1-6-2019,

Go to … Gateway of Tally > Accounts Info. > Groups > Single > Alter

  • Select Expenses on Purchases

The screen appears as shown below:

Appropriate Additional Costs in Tally.ERP9

  • Select Appropriate by Qty from the Allocation Methods list.

  • Accept the screen and return to the Gateway of Tally

  • Similarly, select the option Appropriate by Qty in the Purchase Accounts group also

Display Stock Voucher Report

Go to Gateway of Tally > Display > Inventory Books > Stock Item

  • Select Stapler

  • Press Enter till you reach the stock voucher screen

  • Select the purchase voucher dated 1-6-2019 and re-accept the voucher for the additional cost to take effect

The Stock Vouchers with additional cost details for Stapler appears as shown below :

Appropriate Additional Costs in Tally.ERP9

Use F4: Item button and select Stapler Pins

The Stock Vouchers with additional cost details for Stapler Pins appears as shown below:

Appropriate Additional Costs in Tally.ERP9

 

Practical  Exercise :
Ensure that you are in Indus Enterprises,

1. Enter a purchase invoice on 1-10-2019 for 10 Nos of Item One @ Rs. 100 each and 20 nos of Item Two - @ Rs. 200 each from the Supplier.

Setup :

  • Create two stock items Item One and Item Two with the unit of measure as nos.

  • Create the ledgers - Supplier (Sundry Creditors), Delivery Charges on Purchases and

  • Tax on Purchases (under Purchase Accounts).

  • Alter the group Purchase Accounts and select Appropriate by Value as the method of appropriation.

 
Get.. TallyPrime Book (Advanced Usage) @ Rs. 600

Get..Tally.ERP9 Book (Advanced Usage) @ Rs. 550

 

 

Get..TallyPrime Book (Advanced Usage)
@ Rs. 600 !

17 Chapters in TallyPrime Book + 45 Practical Assignment with GST in TallyPrime & All features are described with Practical Problems with Solutions.

Buy Now

TallyPrime Book (Advanced Usage) @ Rs.600

Get..Tally.ERP9 Book (Advanced Usage)
@ Rs. 550 !

18 Chapters in Tally.ERP9 Book + 46 Practical Assignment with GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

Buy Now

Tally.ERP9 Book (Advanced Usage) @ Rs.550

 

Disclaimer :
The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :
Tally,TallyPrime, Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.
SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738

| About | Privacy Policy | Tally.ERP 9 Book ORDER | TallyPrime Book ORDER |

© 2021 : www.tallyerp9book.com