A balance sheet helps you understand where your business stands financially. It shows what the business owns and owes on a specific date. In TallyPrime, you can review these figures using the balances recorded in your accounts. You can also examine individual ledgers...
In situations where you are visiting your client, working from home or traveling for a business meeting, you need to check a payment or confirm stock availability. You cannot always return to the office just to open your accounting software. That is exactly where...
The foundation of accounting starts with learning the fundamentals of how different transactions are recorded. As a business, you might purchase office furniture, receive money from a customer, pay employee salaries or earn interest from a bank. Each transaction...
For Chartered Accountants and CA firms, accounting software is not just about recording transactions. There is usually much more going on in a single day: maintaining books for multiple clients, checking GST details, preparing reports, reviewing ledgers and managing...
Salary is one of the most common expenses recorded by your business every month. But there is a gap between the time employees earn their salary and the time the business actually pays it. For example, your employees might earn their salary for March but the company...
Creating an invoice might look like a simple accounting task but under GST getting the details right matters. A proper invoice helps your customer understand the transaction supports your tax records and makes GST reporting easier. You might still search for a ready...
Managing accounts from different locations can be difficult when your accounting software and company data are tied to a single office computer. If your accountant is working from home, your finance team is travelling or your business has multiple locations, accessing...
Entering bank transactions in TallyPrime one by one can be a very time-consuming task. A few transactions might not seem like a very big deal but when you are dealing with weeks or months of entries, manual data entry quickly becomes frustrating. It is also easy to...
Over the last few years e-invoicing has become an important part of GST compliance for many businesses in India. As the government continues to expand its implementation a lot of companies are looking for software that can make the process simple and stress-free. This...
If you are using TallyPrime, you might have heard the term “Ledger” countless times. In fact, every accounting transaction you record in TallyPrime is connected to a Ledger account. Whether it’s a sales transaction, purchase transaction, bank...
