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 [...]
A Comprehensive Guide To Using Tally On A Shared Cloud
Today's highly competitive market is dominated by technology, which makes business operations easier than ever. Businesses today employ customised softwares for most of their processes, automating them for easier workflow. They are always looking for apps and softwares that can further streamline their process. This is where they have to deal with [...]
Multiple GST Registrations: Know How to Manage Books of Accounts
Managing a business effectively requires proper bookkeeping. The bookkeeping must adhere to local laws and regulations to comply with taxes and other levies. Cash flow and financial transactions can be monitored, analyzed, and controlled with the help of accounting and bookkeeping. As the GST Act requires, a GST-registered business must keep its [...]
Types of Business Software That Every Organisation Needs
In today's fast-paced world, it is necessary to have a competitive edge over other businesses. One of the key ways to do this is to employ essential business software. Efficiency is critical for every business. With advanced technology, you don't need to overburden your employees with work; business software can help you [...]
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 [...]
TallyPrime 2.0 With E-way Bill Auto-generate Feature
Tally released its latest product TallyPrime 2.0 that aims to make the user experience more seamless while offering a broad range of new features. With the launch of TallyPrime, users were able to automate various processes - compliance, inventory, accounting, reports among others. The BETA version of TallyPrime 2.0 was already released [...]
Questions to Ask While Selecting a Cloud Accounting Software
With remote working being the need of the hour, selecting the best cloud accounting solutions for your business is of utmost importance. Cloud accounting software such as Tally on Cloud ensures easy access to data across different devices along with complete security. Tally on Cloud made it simpler for businesses to move [...]
Introduction To Tally Virtual User
As an ERP business management software, Tally has always been an on-premise product. But, with the advent of virtualisation and the current pandemic, the need for remote Tally access has gained momentum. To keep up with the changing times, and to stand true to its promise of providing access to TallyPrime anytime, [...]
Data Synchronisation in TallyPrime: All You Need To Know
TallyPrime has made data synchronisation between multiple branch offices and the head office easy. The process of tally data synchronisation includes replicating or consolidating tally data between two or more locations i.e. from the head office to the branches, warehouses or factories. This makes it easy for the branch offices to send [...]
How to Access TallyPrime Remotely and Essential Features to Protect Your Data?
With the current pandemic showing no signs of abating, working remotely is the only option to keep a business thriving. To minimise the loss of productivity when working from home, companies need to employ technology that will help facilitate smoother workflow. Here, with the Tally remote access, employees can securely access TallyPrime [...]
Introduction To TallyPrime Server
With Tally’s latest release TallyPrime, the user experience has enhanced three-fold thanks to numerous features that it offers. In one word, TallyPrimes helps you to #MakeEveryDaySimple and focuses on improving business efficiency by helping you streamline various business processes. If you have not upgraded Tally.ERP 9 to TallyPrime, then its high time [...]
E-Invoicing in Tally: Everything You Need To Know
The past few years have brought about tremendous changes in the Indian tax system. With the introduction of the GST Act, few statutory elements were added to it - starting with the E-way bill and the latest addition being the E-invoicing. Currently, E-invoicing is mandatory for all B2B businesses with a turnover [...]
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 […]