Financial Control: Setting Party Credit Limits in Tally Prime

Sri Selvakumar Department Stores
Address	39X3+37W, Shrinagar, Aranmanai Pudor, Renganatha Puram, Tiruppur - 641652
Phone	0421 423 7075
Mobile No	9875632201
Fax No	-
Email	sirselvakumardepartmentalstore@gmail.com
Website	sirselvakumardepartmentalstore.in
GSTIN No	33AGBFG5670C1ZM
PAN Card No	AGBFG5670C

Credit Limit

AUG 19 sold the following stock item on credit to Venus super store with the Ref No. SSD1037.

Stock Item	Quantity	Rate
Basmati (W)	50 Kgs	120

AUG 20 Sold the following stock item on credit to Venus super store with Ref No. SSD1038.

Stock Item	Quantity	Rate
Basmati (W)	400 Kgs	110

AUG 23 Sold the following Stock item on credit to Venus super store with Ref No. SSD1039.

Stock Item	Quantity	Rate
Basmati (W)	100 Kgs	110

Credit Limit

AUG 19 sold the following stock item on credit to Venus super store with the Ref No. SSD1037.

Stock Item	Quantity	Rate
Basmati (W)	50 Kgs	120

Create a Ledger for Venus Super Store:

Go to Gateway of Tally > Accounts Masters > Ledgers > Create.
Enter the name "Venus Super Store" and select the appropriate group, for example, "Sundry Debtors."

Set Credit Limit for Venus Super Store:

Select "Venus Super Store" from the list and set the credit limit.
F12 > Configuration > Provide Credit Limits > Yes

Create a Stock Item:

Go to Gateway of Tally > Inventory Masters > Stock Items > Create.
Enter the necessary details for the Basmati (W) stock item.

Create a Stock Item:

Go to Gateway of Tally > Vouchers > F8: Sales.
Select the date as AUG 19.
In the sales voucher:

Select "Venus Super Store" as the party ledger.
Enter the reference number as "SSD1037."
Select the stock item as "Basmati (W)" with quantity as 50 Kgs and rate as 120.
Save the voucher.

AUG 20 Sold the following stock item on credit to Venus super store with Ref No. SSD1038.

Stock Item	Quantity	Rate
Basmati (W)	400 Kgs	110

Create a Sales Voucher:

Go to Gateway of Tally > Vouchers > F8: Sales.
Set the date as AUG 20.
In the sales voucher:

Select "Venus Super Store" as the party ledger.
Enter the reference number as "SSD1038."
Choose the stock item as "Basmati (W)" with quantity as 400 Kgs and rate as 110.
Save the voucher.

AUG 20 Sold the following stock item on credit to Venus super store with Ref No. SSD1038.

Stock Item	Quantity	Rate
Basmati (W)	100 Kgs	110

Create a Sales Voucher:

Go to Gateway of Tally > Vouchers > F8: Sales.
Set the date as AUG 23.
In the sales voucher:

Select "Venus Super Store" as the party ledger.
Enter the reference number as "SSD1039."
Choose the stock item as "Basmati (W)" with quantity as 100 Kgs and rate as 110.
Save the voucher.

Ration Analysis Reports

Gateway of Tally> Reports > Ration Analysis

Select Recv. Turnover in days

Financial Control: Setting Party Credit Limits in Tally Prime

Credit Limit

Credit Limit

Tally Prime

Introduction

Accounts Only

Inventory Management

Taxes

Data Management

Example Sums

Tally Prime 4.0

Accounting Terms in Tally

Accounts Only

Banking Management

Inventory Management

Order Processing

Reports

TDS

GST - Goods Tax

GST - Service Tax

TCS

Job Costing

Data Maintenance