SigzenERP - How to Apply Purchase Taxes and Charges in ERPNext

Welcome to the Sigzen ERP Tutorial on Applying Purchase Taxes and Charges in ERPNext! This video is perfect for both new and experienced users looking to efficiently manage additional costs in their purchase transactions within the ERP system. This tutorial will guide you through each step of applying purchase taxes and charges to enhance your financial management and purchasing operations.

In This Tutorial, You'll Learn:

Navigating to Purchase Invoices:
Understand how to access the Purchase Invoice List in ERPNext by using the awesome bar.

Creating a Purchase Invoice:
Learn the steps to create a new purchase invoice, including setting the series name, selecting the supplier name, and entering the supplier invoice number.

Adding Items to the Invoice:
Explore how to add items to the purchase invoice by specifying the item name, accepted quantity, rate, and amount.

Applying Taxes and Charges:
Detailed instructions on adding various taxes and charges such as freight and forwarding charges, packing charges, cess, transportation charges, and input tax IGST.
Learn how to set the type, account head, tax rate, amount, and total for each charge.

Editing Taxes and Charges:
Understand how to edit existing taxes and charges to consider them for valuation, total, or both, and how these options affect the invoice.

Deducting Charges:
Learn how to add rows for deducting charges and how to select the deduct option from the dropdown list.

Submitting the Purchase Invoice:
Learn the process to save and update the invoice with all the applied taxes and charges.

Key Features Highlighted:

Efficient Financial Management:
Seamlessly navigate and manage purchase invoices and associated charges within the ERP system.

Comprehensive Details Inclusion:
Detailed guidance on adding necessary details for accurate financial records and management.

Automated Calculations:
Simplified automatic calculations for taxes and charges, ensuring accurate and efficient financial tracking.

Flexible Charge Management:
Ability to add or deduct charges, providing flexibility in managing additional costs associated with purchasing.

Why Watch?
This step-by-step guide is designed to help you maximize the efficiency of the purchase taxes and charges functionality in Sigzen ERP. By following detailed instructions and practical examples, you'll enhance your financial management and purchasing operations, ensuring smooth and accurate handling of additional costs in your purchase transactions.

If you have any questions, leave them in the comments below. Don't forget to like, share, and subscribe for more ERP tutorials tailored to your business needs. Happy purchasing!

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