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 Tally.ERP 9. 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 […]
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 [...]
33rd GST Council Meeting Updates
GST (Goods and services tax) – India – Tally Solutions 33rd GST Council Meeting Updates The GST Council met for the 33rd time on the 24th of February 2019. The 33rd GST Council meeting saw some crucial decisions being taken for the real estate sector, which we will summarise for you in this blog. Decisions taken during the 33rd GST… The post 33rd GST Council Meeting Updates appeared first on GST (Goods and services tax) – India – Tally Solutions.
5 Changes in Annual Return GSTR-9 You Should Know
GST (Goods and services tax) – India – Tally Solutions 5 Changes in Annual Return GSTR-9 You Should Know In the 31 GST council meeting held on 22nd December,2018, several policy changes were made to ease the compliance responsibility of registered businesses. Among the several recommendations, one area which was most welcomed was on the annual return GSTR-9 changes, for which the original due… The post 5 Changes in Annual Return GSTR-9 You Should Know appeared first on GST (Goods and services tax) – India – Tally Solutions.