TALLY BASIC ACCOUNT (SALES ENTRY)

SALES ENTRY

Sales entry is to be enter in Gateway of tally > accounting vouchers> sales (F8). The trader
Will sell goods to their customers either by cash or credit to get margin/ profit . All sales should be
maintain a record for turnover , sales tax , bill receivable purpose.


Description for the above figure
Ref : you can enter the sale bill no
Party’s A/c Name : Name name of the Persons / company to whom the goods was sold. (create this name under the Group Sundry Debtors
Sales Ledger : This is the name of a sales Ledger . You can create as sales a/c or Monitors sales a/c
Under group Sales. Under statutory information Activate the option “Yes” for used in vat returns.
And choose the vat/tax class sales 12.5%.
Next come to the Name of item type as “LG Monitors” (it was already created while entering the purchase entry) So no need to create it again. Under Quantity column enter as 100 nos , and the rate as 4000/- per nos. Automatically the comes as 4,00,000/-

After finishing this use Enter key twice to enter the sales tax account . This is you create a ledger
Called ‘output vat 12.5%’ under the group Duties & taxes . the option “type of duty / tax “ select vat and under “vat tax class” select output vat @ 12.5% then sale it by pressing Ctrl+A Key.
The tax amount will automatically calculated . After finished this come to narration and enter the narration whatever it related to sales transaction