# Implementation of Trade Discount In Tally Erp

ITEM LEVEL DISCOUNT

Item level discount is useful when the rate of discount is not same for all items in the invoices.

You should enter the discount rate for each item sold in the invoice. The discount amount is not posted to any ledger account and the net value after discount is treated as sale value .

ITEM LEVEL DISCOUNT SET UP

Set yes at the separate discount column on the invoice.

INVOICE LEVEL DISCOUNT

Discount is given on total sales value of all items. In such cases, discount rate or discount amount may be entered at the end as negative figure and may also be posted to a separate ledger account instead of being adjusted with sale value.

To use invoice level discount first set the necessary option at account group, ledger ref tally treats invoice level discount as a negative tax so instead of being added in the bill value.

LEDGER ACCOUNT SET UP FOR DISCOUNT

Inventory value are affected set no at this option

Percentage of calculation enters the standard rate of discount as negative numbers.

The method of calculating after entering the percentage of calculating selected on total sales as the method of calculation from the pop-up list of a tally of duty.

INVOICE LEVEL DISCOUNT ENTRY

During invoice entry after entry of item detailed selected the discount ledger .the rate of discount in percentage if entered in the ledger account at the percentage of calculating field is carried which you may change. Otherwise, you may enter the in negative like . The computer value of the item after reducing the discount rate is shown in amount column, which you may change.

INVOICE LEVEL DISCOUNT CONFIGURATION

To allow discount cumulative amount eg discount after adding up tax etc , set to the option calculating tax on current subtotal at /configuration/order option.

But the normally discount is allowed on item value only so you should set no at calculating tax on the current subtotal sale.

Pls complete payhead tell me with text message

Under sales Trade discount