Hello friends, today we talk about the Single Payment POS Invoice in Tally. You know very well about the Tally software. Tally is an accounting cum inventory software which provide different accounting, inventory features and also provide statutory and taxation. POS stands of “Point of Sale“. It can be a retail outlet, a checkout counter in a shop, or any other location where a sale transaction take place.
POS is the proof of sale and purchases. Lot of person ask me this question many time How to Create Single Payment POS Invoice in Tally ERP, so today we discuss about the POS in Tally ERP.
Process to create single payment POS invoice in Tally ERP
POS system is a computerized cash register which adds up the sales totals, calculates the balance to the return to buyer and automatically adjusts the inventory levels to reflect the quantity sold. The equipment for POS to work effectively are cash register, card readers, bar code scanners and so on.
For making of sales invoice and give it to customer and record sale in one platform, training of POS invoicing is must. Today we watching Reliance, Subiksha , Bigbazar and different shopping malls are opening their retail shops in different metropolitan cities.To making sale invoice for customer they have to appoint accountant for record retail sales in Tally 9 or Tally.ERP 9. In other words, during the purchasing any products by the customer he want to get slip or receipt for this . This receipt is called POS invoice. POS invoice is the proof of sale and also for customer; it is the proof of purchase. Before know what is the process to create single payment POS invoice in Tally ERP you have to know about what is the POS, Advantages of POS and finally how to do POS in Tally ERP.
Objectives of POS:
To define what is POS and what is its use.
To provide the steps for making POS invoice in tally 9 & in Tally.ERP 9.
To solve the related problems of POS.
POS: Post stands of Point of Sale
It can be a retail outlet, a checkout counter in a shop, or any other location where a sale transaction take place. Pos system is a computerized cash register which adds up the sales totals, calculates the balance to the return to buyer and automatically adjusts the inventory levels to reflect the quantity sold. The equipment for pos to work effectively are cash register, card readers, bar code scanners and so on.
Advantages of POS:
Helps to calculate sales and manage the cash drawer.
Manage inventory and facilitates the barcode scanner operations.
Offers a flexible and simple way of querying your inventory and sales database.
Helps you to track product movement and the cost to push certain brands over others.
Track and records the date and time of every sale made at your point of sale.
Steps of POS in Tally 9 or Tally.ERP 9:
Step 1: Create a new company or active any existing company in Tally ERP software.
Step 2: To enable POS Invoicing you have to create POS Voucher Tally 9 / Tally.ERP 9 GOT -> Accounts Info -> Voucher Type ->Create -> Fill the required information given below in image, now save this voucher.
Step 3: Create following ledger accounts of purchases and sales as per given below:
Ledger Under Group Inventory Values are Affected Purchases Purchases Accounts YesSales Sales Accounts Yes
Step 4: Active standard rate for stock items by pressing F12: Configure -> Accts/ Inventory Info -> Allow Std. Rates for Stock Items: Yes and also active Godown option from Press F11 -> Inventory Features (F2) -> Maintain Multiple Godowns -> Yes.
Step 5: Create required stock items in tally as per given below in given image:
Step 6: Make cash purchase entry in purchases voucher of Saffola Oil – 5 Lt. 10 Cans @ 650/- as per given below:
Step 7: Make cash sales entry in POS Invoice voucher of Saffola Oil – 5 Lt 2 Cans @ 665/- as per given below:
Note: After saving this voucher Tally ask you for a confirmation to print the invoice, if you want to print then press yes otherwise press ESC.
Must Read: Definition of Accounting Equation
I hope you like Single Payment POS Invoice by this post. Give your important suggestion in the comment box. Thanks.