Recording your sales invoice for customers to whom you sell some goods with sales discount Tally.ERP 9 may allow discounts to the buyers on the total amount or on each item separately Discounts in sales invoices on total item amount Note : Discount can be given in percentage only not by amount. Method of calculations – based on value.Appropriate to – Goods here but services can be selected as per situation.Include in Accessible value calculation for – GST.Select Type of Ledger – Not Applicable (to compute Discount amount from percentage ). Type Name as Discount Allowed > under Indirect Expenses > Inventory value affected -No.Gateway of Tally > select Accounts Info > select ledgers > click on create to create a ledger.
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It affects the Net profits of the business.
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So, Discounts in sales invoices is a deduction of product price from its base price. Discounts in sales invoices can attract customers to buy more products, services for longer duration or on instant/early release of payments. Discounts in sales invoices can be given on products or services. The Discount is a special allowance or concession in price of a product or service. In the day to day business, to increase the business volume, attract more customers, often discounts are offered.