Use Discount % Without a Ledger in TallyPrime: 5 Steps + Example

In TallyPrime, you can enter a discount percentage directly against each stock item without creating a separate ledger account for discounts.

This approach is simple and suitable for businesses that frequently provide item-specific discounts.

1. Steps to Enter Discount Percentage in TallyPrime

1. Enable the Discount Option

• Navigate to Gateway of Tally → F11: Features → Accounting Features.
• Set Use Discount Column in Invoices to Yes.
• Save the configuration.

2. Create a Sales Invoice

• Go to Gateway of Tally → Vouchers → Sales.
• Choose the customer ledger under Party A/c Name.
• Select the stock item(s) you are selling.

3. Enter the Discount Percentage

• In the item details section:
  • Enter the Quantity.
  • Specify the Rate per unit.
  • Enter the Discount (%) in the respective column (e.g., 10%).
• TallyPrime will automatically calculate the discounted amount and show the net value for the item.

4. Add Taxes (if applicable)

• If applicable, add GST or other taxes, which will be calculated on the discounted amount.

5. Save the Invoice

• Verify the details and press Enter to save the invoice.

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2. Example Scenario of Discount Percentage Without a Ledger in TallyPrime

Scenario: A company sells Product A and Product B.

The standard price for Product A is ₹100 per unit, and Product B is ₹200 per unit.

The company offers a 10% discount on Product A and a 5% discount on Product B.

1. Invoice Details:

• Select Product A:
  • Quantity: 5
  • Rate: ₹100
  • Discount: 10%
  • Net Value: ₹450 (₹500 – ₹50).
• Select Product B:
  • Quantity: 3
  • Rate: ₹200
  • Discount: 5%
  • Net Value: ₹570 (₹600 – ₹30).

2. Tax Calculation:

Add applicable taxes (e.g., GST at 18%), calculated on the net values:

• GST for Product A: ₹81
• GST for Product B: ₹102.60
• Total GST: ₹183.60.

3. Final Invoice Value:

• Total Net Value: ₹1,020
• Total Invoice Value (including GST): ₹1,203.60.

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3. Benefits of Using Discount Percentage Without a Ledger

1. Simplified Workflow: No need to create or manage additional discount ledgers.
2. Clear Item-Wise Discount Tracking: View and apply discounts directly at the item level.
3. Improved Invoice Accuracy: Automatically calculates net amounts, reducing manual errors.

By using this method, you can efficiently handle item-specific discounts directly in the invoice, ensuring clarity and accuracy in your sales processes.