POS Invoice with Multiple Modes of Payment in TallyPrime: 5 Steps

In TallyPrime, you can record a POS (Point of Sale) invoice using multiple modes of payment, which is useful for customers who prefer to split payments between different methods (e.g., cash, card, or e-wallet).

Here’s a detailed guide on how to do this:

Table of Contents

1. Steps to Recording a POS Invoice with Multiple Payment Modes in TallyPrime:

1.Enable the POS Feature

First, ensure that the POS feature is enabled in TallyPrime.
Navigate to Gateway of Tally → F11: Features → F2: Inventory Features.
Set Enable Point of Sale (POS) Invoicing to Yes.

2. Create POS Ledger Accounts

You will need separate ledger accounts for different payment modes (Cash, Bank, Card, e-Wallet, etc.).

Go to Gateway of Tally → Accounts Info → Ledgers → Create.
Create ledgers for each mode of payment:
- Cash: Under the group Cash-in-hand.
- Credit Card: Under Bank Accounts or create a new group, if necessary.
- E-wallets: Under Sundry Debtors or another relevant group.

3. Create a POS Invoice

Go to Gateway of Tally → Vouchers → F8: POS.
In the POS Invoice Entry screen, select the Party Name (Customer) or choose Cash if you’re dealing with a walk-in customer.
Add the Stock Items that the customer is purchasing.
You will see the Total Invoice Amount at the bottom.

4. Specify Multiple Modes of Payment

After entering the stock items, it’s time to specify the different payment methods.

TallyPrime allows you to split the payment as follows:

1. Cash Payment:

Choose the Cash ledger and enter the amount that the customer pays in cash.

2. Credit/Debit Card Payment:

Choose the Credit Card or Debit Card ledger.
Enter the amount paid by card.
You can also add card details if needed for reconciliation.

3. e-Wallet Payment:

Select the e-Wallet ledger, such as Paytm or Google Pay.

Enter the remaining amount paid via e-Wallet.

For example, if a customer’s total bill is ₹5,000, they may choose to pay ₹2,000 in cash, ₹2,000 by credit card, and ₹1,000 via an e-wallet.

5. Save the Invoice

Once all payment methods and amounts are entered, press Enter to save the invoice.

The system will record the transaction, and you can print the invoice, which will show the multiple payment methods used by the customer.

2. Example of Recording a POS Invoice with Multiple Payment Modes in TallyPrime:

Let’s assume a customer buys goods worth ₹5,000. The customer chooses to pay ₹2,000 in cash, ₹2,000 by debit card, and ₹1,000 via an e-wallet like Paytm.

Add the stock item(s) worth ₹5,000 in the POS invoice.
Under Cash ledger, enter ₹2,000.
Under Debit Card ledger, enter ₹2,000.
Under Paytm ledger, enter ₹1,000.
The total amount will match the invoice value, and the system will record the split payment accurately.

3. Benefits of Using Multiple Payment Modes in POS in TallyPrime:

Customer Flexibility: You can cater to customer preferences by offering various payment methods in a single invoice.
Faster Checkout: POS invoicing helps streamline the checkout process, especially in retail settings, ensuring customers are quickly served.
Accurate Payment Records: By splitting payments across different modes, businesses can track exactly how payments were made for every transaction.

Using multiple payment modes in a POS invoice in TallyPrime makes it easier for businesses to offer convenience and accuracy in their transactions while maintaining smooth cash and inventory management.