Discounts in POS Invoices in TallyPrime: 6 Easy Steps + Example

1. Understanding Discounts in POS Invoices in TallyPrime

Discounts can be offered to customers for various reasons, such as early payment, bulk purchases, or promotional offers.

In TallyPrime, you can apply discounts directly to POS invoices.

2. Steps to Apply Discounts in POS Invoices in TallyPrime:

1. Create a Sales Invoice:

• Go to Gateway of Tally > Vouchers > Press F8 (Sales).
• Check the “POS Mode” checkbox.

2. Enter Party Details:

Enter the customer’s account name or create a new one if necessary.

3. Scan or Enter Items:

• Use a barcode scanner or manually enter the product codes.
• The system will automatically populate the product details, quantity, and rate.

4. Apply Discounts:

• Click the “Discount” button.
• Select the discount type (e.g., percentage, fixed amount).
• Enter the discount value.

5. Accept Payment:

Select the payment mode and enter the amount.

6. Print Invoice:

Print the POS invoice for the customer.

3. Example of Discounts in POS Invoices in TallyPrime:

Let’s say a customer purchases items worth Rs. 1,000 and is eligible for a 10% discount.

1. Create a Sales Invoice:

• Go to Gateway of Tally > Vouchers > Press F8 (Sales).
• Check “POS Mode”.

2. Scan or Enter Items:

Scan or enter the product codes.

3. Apply Discount:

• Click the “Discount” button.
• Select “Percentage” and enter “10”.

4. Accept Payment:

Select the payment mode and enter the discounted amount (Rs. 900).

5. Print Invoice:

Print the POS invoice.

3. Types of Discounts in POS Invoices in TallyPrime:

• Percentage Discount: A fixed percentage of the total amount is deducted.
• Fixed Amount Discount: A specific amount is deducted from the total.
• Item-level Discount: Discounts can be applied to individual items.

4. Additional Considerations:

• Discount Codes: You can use discount codes to apply specific discounts.
• Tax Implications: Be aware of any tax implications related to discounts.
• Reporting: Use TallyPrime’s reports to analyze discounts granted and their impact on revenue.

By effectively applying discounts in POS invoices in TallyPrime, you can attract customers, increase sales, and manage your pricing strategies.