How to or in which mode we have to account the Purchase entries of Raw Materials (Steel, Pipe, Bricks ect) in tally erp and under which group.
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Quick Summary
This discussion focuses on how to correctly account for raw material purchases like steel, pipes, and bricks within Tally ERP for a new construction project. It explores the creation of subgroups under 'raw material' in stock. Several experts offer their assistance for detailed guidance on this and broader construction accounting, including managing multiple projects with varying completion percentages and cost estimations.
Our Firm has been training accountants as well as finalising accounts of builders having multiple projects with different completion percentages, estimated / change in total sale value and construction cost including escalation.
We shall definitely help you on this.
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