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 [...]
Why Management Accounting Is Important for Decision Making?
In a layperson's language, we can define management accounting as providing financial and non-financial decision-making information to managers. Managerial accounting is the process of assessing, interpreting and conveying financial information to the organisation's executives. The process entails the use of accounting software or ERP systems that provide financial reports, budgeting, and forecasting [...]
Bulk E-invoice Generation in TallyPrime and QR Code Integration
TallyPrime is one of the recognised ISO-certified GSP (GST Suvidha Provider). It directly integrates with the IRP portal and seamlessly generates e-invoices. The process is so simple that you would be able to generate e-invoicing instantly. Tally e-invoice integration with QR code is a completely new experience for many, and it may take some time [...]
What’s New in TallyPrime 2.1
Tally systems are constantly updating and upgrading themselves to stay relevant and useful with the changing business scenarios. Continuous additions of new features as well as 100% statutory compliance of Tally has made it one of the most widely used software for accounting in India. In TallyPrime’s latest version i.e. TallyPrime 2.1, [...]
5 Key Benefits of ERP for Accounting & Financial Management
Enterprise resource planning (ERP) system is the backbone of all organisations, and accounting software is the cornerstone of ERP. ERP for accounting creates a single source of financial data accessible across departments and multiple business units. It integrates finance and accounting, inventory management, project management, customer relationship management, human resources, etc. ERP [...]
How To Choose the Right Cloud Accounting Service Provider?
Choosing a cloud accounting software can be a hard nut to crack for small businesses. Small business owners often choose to steer clear of adopting the cloud technology as they feel a cloud environment is only suitable for large businesses with tons of data. However, this is simply untrue! There are various [...]
Tips for Choosing the Best Billing and Invoice Software
Handling billing and invoice may not be the most exciting components of running a business, but they are pivotal for the success of an organisation. Streamlining the billing and invoice processes will ensure the payments are received on time. You would also be able to keep tabs and follow up efficiently. Plus, [...]
Top Accounting Trends for 2022 That Businesses Should Know
Accounting is a systematic recording of business financial statements or transactions on a day-to-day basis. The accounting process includes analysing, summarising, interpreting, and reporting financial information. Accounting can be done by an individual or team depending upon the size of the business. It plays a vital role in running a business as [...]
Audit Trail in TallyPrime: Why is it Important in Accounting?
Audit Trails help maintain the integrity of a transaction by documenting all business transactions. It helps ensure businesses practice fair transactions throughout the financial year and beyond. In TallyPrime, there is an in-built feature for Tally Audit. This feature makes it easy for auditors to track changes made to the ledger master, [...]
Business Reports in TallyPrime: Why Are They Important?
When it comes to financial planning, Business Reports play a vital role. They help provide a 360° view of an organisation’s financial health, thereby enabling the stakeholders to make better decisions that lead to improvements and growth. With TallyPrime, you can generate 400+ business reports. This makes it easy to overview all [...]
TallyPrime Shortcut Keys That Everyone Should Know
As a business management software, TallyPrime makes it easy for a company to manage their accounting, banking, taxation, inventory, and other business needs. TallyPrime is ideal for all businesses, whether a small or mid-sized business or a large enterprise. While understanding how to use tally can increase a company’s efficiency, learning tally [...]
What Are The Banking Utilities in TallyPrime?
Bank-related activities are performed by business owners day in day out. The Banking feature in TallyPrime assists and allows business owners to perform several bank-related operations; payments to parties, bank reconciliation, and cheque management. The feature enhances and simplifies the banking experience, saving time, reducing errors, scaling up traceability, and improving productivity. [...]
Tally On-Premise vs Tally On Cloud: Pros and Cons
The aim of Tally has always been to offer the latest digital technologies that help companies accelerate their business growth. With the hashtag #MakeEveryDaySimple, made popular by TallyPrime, Tally offers the best cost-saving initiatives for companies to help them organise, maintain and update their financial records in real-time. Also, through cloud accounting [...]