Purchase Voucher Classes

Purchase Voucher Classes are templates where you can restrict accounts to be used in entries as well as automate accounting entries for items and expenses.

You can either alter the existing Purchase Voucher Type or create a new voucher type based on it.

From Gateway of Tally > Accounts Info > Voucher Types

The item Name of Class is below Effective Dates for Vouchers and above the Numbering Table.

Give a name to the class by simply typing it, e.g. Imports. You may create more than one class. The class table is now to be completed.

 

Exclude and Include Groups have been discussed before and do not require further elaboration.

Default Accounting Allocations

Each Stock Item in the invoice can be allocated to the financial (nominal) account mentioned here. Hence, all the stock items that will be entered in this class will automatically affect the Nominal ledger account Purchase – Imports. Of course, the stock item record remains as it is and can be viewed separately.

The allocation cannot be split up at present but in future releases you will be able to split this to cater to Tax inclusive prices.