Discount Voucher in tally

Discount voucher in tally is an offer or concession which is given by the seller to the buyer for the various reasons. There are two types of discounts, they are as follows.

  1. Trade Discount
  2. Cash Discount

trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product. Whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but not for a trade discount.

How to enable discount option in tally?

  • Gateway of tally—->F 11 Features—–> Use Discount Column in Invoices —–>Yes  

For Example,

On 02/05/2023, Purchase 10 No. of 100-page notebooks from Anupam Stationary each book rate is 45 rupees, where 10% discount was given on 100-page notebook with bill no. AS/741

Purchase Voucher (F9): –

Party’s A/c Name: – Anupam Stationary

Purchase Ledger: – Purchase A/c 

Name of ItemQuantityRateDiscount (%)Amount
100-page notebook104510405.00

Payment Voucher (F5): –

On 02/05/2023, Paid to Anupam Stationary by Kotak bank

Account: – Kotak Bank

Particulars: – Anupam Stationary

Amount: – 405.00 (Against Ref)

Assignments: –

  • On 01/05/2023, Company purchased from Samarth stationery is 50 nos large bag each @ Rs. 350 /- get discount with 10% and purchased 25 nos of 400 pages note books each @ Rs. 65 /-with get discount 9% with bill no. SS/02/may/01.
  • On 01/06/2022, Company sales to Bhavik stores plastic ruler is 250 nos each @ Rs. 20 /- and get discount with 5% and star pencil is 100 nos each @ Rs. 15 /- and get 2% discount with bill no is BS/001.
  • Purchase goods from Samarth Stationary & Invoice are as follow on 02/06/2023 with bill no. SS/123
Stock ItemqtyrateDiscount
Plastic Ruler10pcs10/pcs2%
Natraj Pencil10pcs15/pcs3%
Small School bag10pcs300/pcs4%
  • Sold goods to Gala Stationary shop & Invoice are as follow on 02/08/2023, where bill no is GSS/145.
Stock ItemqtyrateDiscount
Plastic Ruler15pcs14/pcs6%
Natraj Pencil18pcs19/pcs7%
Small School bag19pcs350/pcs9%
  • On 02/08/2023, Company Purchase 50 nos Natraj pencil each @ 45 rupees get discount with 5% and purchase 25 qty of 200 pages note each @ 45 rupees books with getting discount 7% from Samarth stationery with wide bill no. SS/526
  • On 02/09/2023, Company sales to Bhavik stores plastic ruler is 20 nos each @ 15 rupees and get discount with 4% and star pencil is 100 nos each @ 18 rupees and get 5% discount with wide bill no. BS/15263.