How POS is calculated in Tally

 

 

 

POS is related to sale. POS (point of sale) When any person sale the goods to the other person then bill is properly maintained to give to the purchased party is called point of sale. It is very helpful to calculate the sale. POS is very useful for retailers and shopkeepers. By the help of POS small invoices can be printed quickly.A POS is very helpful to manages the selling process by a salesperson. Point Of Sale (POS) is very  helpful for the small business.

 

 

Service tax in Tally

Service tax is a tax which is imposed on various services. When the government first launched service tax in India then rate is 5% only. But now at that time service tax is 10.30% including 2% education cess and 1% Higher and secondary education cess. The government of India introduced about service tax in 1994.

ACC. to sec 65(41) of finance act 94 defines “service tax to means tax leviable under the provision of this chapter”.

Top most entrepreneurs in the World

Entrepreneur’s means “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so”. Risk is the major part of the every business. Every businessman takes more and more risk to gain more profit. In other words, we can say that higher risk more profit, and lesser risk lesser profit. An Entrepreneur is a person who has possession of new ideas, creativity to invest money in a business in such a way that to gain more profit. Now, we will discuss Top 10 entrepreneurship in the World.·

Reasons of difference between cash book & pass book balance

Bank reconciliation means some of the transaction entered in the cash book not in the pass book and some transaction entered in the pass book not in the cash book. In other words we can say that always opposite entry in cash book and pass book. The bank pass book indicates the amount paid into the bank and the amount withdrawn there form. The pass book balance or any given data must be the same as the balance shown by the bank column of the cash book on the same date.The reason responsible for the difference may be delay in intimation, time gap between recordings of transaction in cash book and pass book due to errors and omissions in cash book and pass book.

Interstate sale in Tally

Interstate sale means:  

•     Movement of goods from one state to another state.
• Transfer of document of title of goods during the movement from   one state to another.

How to Use Different Actual and Billed Quantity in Tally

   It is so because when customer purchases the goods in large quantity then under the company scheme give some items as free sample to the customer. Then this amount is deducted from the billed quantity. In other words, we can say that this amount is not included when billed is maintained.

Reversing journal in Tally

It is just like a reminder.  When any entries which are make at the end of month it is recorded in advance in reversing voucher. When any mistake arises at the time of making entry then with the help of reversing voucher it can be corrected without deleting the entry.

 

How to maintain payroll/ pay in slip in Tally

 It is that amount of salary which is paid by the company to the employee after deduction the tax. Payroll plays a very important role in company. It is also very helpful for the government  because proper tax is deducted from every employee salary. The main aim of payroll department is that salary are paid to employee accurately, timely, systematic way. Payroll really helps to reduce the confusion.

Payroll --> salary + wages + bonus – tax deduction