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 […]
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 […]
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 [...]
How is the Role of Finance Professionals Changing With Times?
In the wake of unprecedented changes due to sudden eruption of COVID-19 pandemic, disruptions in technology, diverse workforce and other factors, the role of the finance function is expanding. It is far more than crunching the numbers. This article discusses the change in the role of the finance function, the expectations from [...]
Government Initiatives for MSMEs
The sudden outbreak of COVID-19 has brought economic activities across the world to a halt. Micro, Small, and Medium Enterprises (MSMEs) are the worst affected sectors. Presently, MSMEs employ 114 million people and contribute enormously to the total GDP (Gross Domestic Product) of India. According to reports, the TransUnion Cibil has stated [...]
Understanding Tally XML Format
In this video, the Tally XML format will be explained to enable you to transfer data from a third party application into TallyPrime This video covers; How to create a Company in Tally How to create Masters/Transactions in the Company – Ledger (an accounting master) – Stock Item (an inventory master) – Payment Voucher (contains accounting details) – Sales Voucher (includes inventory details How to Export the Masters/Transactions in XML Format From Tally integration with XML to Tally XML format for masters to Tally XML format for Voucher, check out the video below to learn more. A] Tally XML Interface (Read and Write) XML (Extensible Markup Language) is the standard for information exchange with external systems. Tally.ERP 9 supports standardized […]
Is Tally on Cloud Right For Your Business?
We have been getting a lot of inquiries for the past few weeks about our Tally on Cloud offering. Ironically, the lockdown keeps getting extended, making the Work From Home (WFH) phenomena the new normal. Mark IT has been working fully remote for the past couple of months. While we’ve had our [...]
5 Tools to Help Your Business Navigate the Lockdown
If you are searching for the best software for accounting that can help your business navigate the lockdown, then here are 5 Tally.ERP 9 tools that can help. These tools can help your employees tackle a variety of activities as they work from home. Thus, let’s check out what these Tally.ERP 9 [...]
How To Use Tally, An Introduction To Tally ERP 9 Software
To put in simple words, Tally is an ERP accounting software with its latest version being Tally.ERP 9. This software has the combined power of the financial accounting system and inventory management system. Being a popular accounting software, Tally.ERP 9 makes it easier for businesses to manage their day-to-day transactions, sales, debts, etc while eliminating the risk of manual errors. The best part, Tally.ERP 9 can be integrated with a host of other business applications such as payroll, sales & finance, inventory, purchasing, etc. Below we’ll look at how to use Tally.ERP 9, so let’s get started! A] How To Use Tally.ERP 9 Software? To set up Tally, all you need to do is – download, install, activate and start […]
Democratising Access to Tally Enhancements
If you use Tally, you have at some point of time or the other gotten custom development done to meet your business’ very specific requirements. You’ve also probably experienced a disparate, disorganised ecosystem of partners providing you varying levels of service and varying levels of quality when it comes to delivering these [...]
Special GST Recovery Provisions
Special GST Recovery ProvisionsGST Procedures, GST recovery, GST Recovery Provisions, Provisional attachment to protect revenue, Recovery of GST, Recovery proceeding under GST, Special GST Recovery Provisions, Tax first charge on property, Tax recovery, Void transfer of property
Special GST Recovery Provisions
GST (Goods and services tax) – India – Tally Solutions Special GST Recovery Provisions In our previous blog, we had gone through the general GST recovery provisions – when to start the recovery proceeding under GST, modes of recovery of GST and also the provision of… The post Special GST Recovery Provisions appeared first on GST (Goods and services tax) – India – Tally Solutions.