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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