Tally Integration: Why is it Required?
Tally is the most used software for accounting and additional business functions. Through Tally integration, you can easily import and export data from one software to another. Most small and large companies use Tally to organize their information. MIS, BI, and accounting are inter-connected systems that are essential to a streamlined and [...]
Comparison Between Tally.ERP 9 and TallyPrime
As one of the best business management software, Tally is used by business owners, Accountants and other Tally users for more than three decades. During these years, Tally ensured to deliver top-performance by releasing various Tally versions which offered major improvements and enhancements. Thus, with the new release - TallyPrime - Tally [...]
How To Upgrade Tally.ERP 9 To TallyPrime: Step-by Step Guide
TallyPrime is the latest and the most significant release by Tally that has already made news for the abundant features it offers which #MakeEveryDaySimple. This advanced software is as simple to use and flexible as Tally.ERP 9. Its ease of navigation and user-friendliness makes it well-suited for individuals from the non-IT and [...]
What is the Difference Between Nil-Rated, Zero-Rated, Non-Taxable and Exempt Supplies?
With the various kinds of supplies, there is a confusion under GST for the process and payment of the same. There are relatable differences between Nil-rated and zero-rated supplies. Even non-taxable and exempt supplies have differences. However, the end result for all of the above – Nil-rated, Zero-rated, non- taxable and exempt – is the same, i.e. no GST is charged for any of these supplies. In this article, we’ll look at the difference between all these terms, which will help you to correctly file GST for the same and get an accurate ITC claim (if applicable). Further reading: How Tally’s latest version can help with GST Billing and GST Return Filing Difference Between Nil-Rated, Zero-Rated, Non-Taxable and Exempt Supplies […]
What is the Difference Between DSC, E-sign and EVC in a GST Portal?
As a value-added tax, GST is levied on most goods and services that are sold for domestic consumption in India. GST (goods and services tax) is a comprehensive, multi-stage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes (Excise duty, VAT, Service tax) except for a few state taxes. In simple words, GST is an indirect tax on the supply of goods and services used in India. Understanding the process of payment through the GST portal is important, as it is a necessary payment to help the government keep track of the supply & demand as well as provide the best quality goods and services to consumers. There are a few ways to find user authentication in […]
Tally.ERP Software (Auditor’s Edition): A Troubleshooter for the Chartered Accountants
The practising Chartered Accountants must manage various tasks for their clients, whether it is maintaining books of accounts, ensuring compliance, or preparing financial reports. They must also keep themselves abreast with the frequent changes in GST (Goods and Service Tax) Act, Income Tax laws, and other statutory obligations. Moreover, they must deal [...]
Why Should You Update Tally.ERP To The Latest Version?
As a software for enterprise resource planning, Tally.ERP 9 is one of the most widespread accounting software, which is perfect for small, medium and large business enterprises. Tally.ERP 9 is an ideal business management solution due to its effective combination of function, control, and built-in customizability. The software is widely used in India by lakhs of businesses. Many of these businesses use Tally’s latest version, whereas others are still to upgrade. The latest version released (6.6) makes the software more efficient for different companies, as it provides a host of new features, which makes it user-friendly. Also, the latest version of Tally offers 30% more screen-real-estate to display the information, as it comes with ‘hide on-demand’ info panel. As such, […]
How Can Tally Customization Be Beneficial To Your Business?
Managing time and tasks go hand-in-hand. There are so many software available today that help to make business tasks easier. One such popular software is Tally. Tally software solutions help to manage your accounting and business applications with much ease.It also helps in branch management, payrolls, and sales Tally.ERP offers features that [...]
E-Way Bill Generation for Transactions Recorded in Tally.ERP 9
In the 24th GST Council Meeting which was held on 16th December 2017, the GST Council decided to launch the e-Way bill on 1st February 2018, instead of April 2018. The post e-Way Bill Generation for Transactions Recorded in Tally.ERP 9 appeared first on GST (Goods and Services Tax) – India – Tally Solutions. In this article, we’ll look at why e-Way bills are necessary and how to generate e-Way bills for invoices recorded in Tally.EPR 9. Note: Upgrade to Tally.ERP 9 Release 6.4 is necessary to manage e-Way bills conveniently. A] Why Do You Need To Create e-Way Bills? An e-Way Bill is mandatory for intra-state movement of goods worth more than ₹50,000. Some have also made it mandatory […]
Income Tax Relief Measures in India Amid COVID-19
During the COVID-19 pandemic, the central and many state governments are in the thick of the action to provide tax relief to taxpayers. This article offers an overview of the recent Direct and Indirect Key income tax relief provided by the government. Take a look! A. Direct Tax Return Filing OF Income [...]
5 Different Ways to Remotely Access Tally
Tally has been at the helm of accounting and continues to be so as long as it keeps updating its software to match the latest technology. It has time and again given us new methods to access Tally online. We are here to discuss five of the most effective ways to access [...]
Best Practices For Cost Management Amid COVID-19
Undoubtedly, COVID-19 pandemic has resulted in a cost management exercise for many companies. Particularly under the present scenario, most of the organizations (especially MSMEs sectors) are facing challenges to survive due to fewer earnings and unavoidable costs. Under such unprecedented circumstances, only those organizations will survive that can effectively manage their costs, [...]
Which is Better, Excel or Tally?
If you have recently set up new business operations, you might be looking for solutions that can help you to seamlessly manage the different types of functions such as accounts, finance, procurement etc. While excel has been a professional standard across companies for decades, moving on to newer technologies such as Tally.ERP 9 for managing large amounts of data can help you to save a lot of time and effort. Tally also automates repetitive tasks and prevents manual errors. Thus, the benefits of Tally are many. But, just don’t take our word for it, here is a comprehensive read on – Excel or Tally, which will help you to make an informed decision. This blog also provides detail on excel […]