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Tuesday, 20 February 2018

How to View the Bill Wise Profit Percentage and Item Wise Profit Percentage in Tally

How to View the Profit Percentage in Tally
                                                                                  

Before view the Profit Percentage We have to fix Costing for our Products
    
First Purchase Value
Second Purchase Value
Freight Inward
Average costing
Standard Costing
(Freight +Last Purchase Value)
Sales price
Profit As per  Average Costing
Profit As per  Standard Costing
300.00
325.00
15.00
312.50
340.00
400.00
87.50
60.00
Profit Percentage
21.88%
15.00%


To Set the Standard Costing
Go to Gateway of Tally > Inventory Info > Stock Item > Alter

Select the Stock item from List and Press F: 12 Configuration
Allow Advanced entries in Master: Yes
Enable Standard Rate of Stock Items: Yes
Enter and Save the Settings
Now you Can set the Standard Costing
Click Alter Standard Rates
Enter the Date Applicable from and the Cost of the Item in the table
In Behavior Column Select Costing Method as Std.cost
Now Standard Costing Method Activated

To View the Profit Percentage
(1)
Gateway of Tally >Display >Day Book>Select the Voucher >Change Voucher to Sales
Here you can see the Profit and Profit Percentage

(2)
Gateway of Tally >Stock Summary>Select the Item >F7: Show Profit
Here also you can see the Profit and Profit Percentage 

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