Scheme and claim settlements
Principal companies run free-goods schemes, trade discounts and display claims, then settle them weeks later with credit notes. The money is real; the tracking is often a spreadsheet.
- Show free goods on the invoice with TallyPrime's separate actual and billed quantity columns, as in a 10 + 1 scheme.
- Give discounts as a percentage, an amount or both, which TallyPrime 7.1 made more flexible.
- Keep a claims ledger per principal, bill by bill, so pending claims age like any debtor.
- Your accountant and CA reconcile against the principal's statement from their own logins.