What is the Difference Between Nil-Rated, Zero-Rated, Non-Taxable and Exempt Supplies?
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 with numerous operational problems, such as task prioritization, resource allocation, finalization processes, and use of multiple tools to conduct and manage audits. Due to all these challenges faced by the practising Chartered Accountants, Tally Solutions introduced an audit & compliance tool known as Tally.ERP 9 Auditors Edition (AE). The objective is to bring technology in the hands of CAs to improve their practice considerably and empower their audit [...]
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 can scale your business most effectively. It has certainly reduced the burden of many accountants and auditors. Plus, it is effective in analyzing your company's position and performance. Tally customization makes up for an important tool for business as it effortlessly integrates with your business processes and tasks. It is available with comprehensive features and ERP solutions and is best suited to businesses that are looking for changes [...]
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 Tally.ERP remotely. Remote access has quite a few benefits, starting with increased productivity. Being able to view a report, carry out transactions, as well as audit documents from anywhere, makes things easier. But rather than taking our word for it, why not judge the benefits of Tally Remote Access for yourself? The administrator/owner has complete access to the Tally data, and that person can give remote access to [...]
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 integrated business operation. Together, they give you the power to accomplish any task and analyze business insights. By Tally integration, you now have complete visibility of all your business data. It not only helps day-to-day management of your business, but also enables the workforce to make important business decisions. Tally provides three different APIs that you can use to integrate with other business applications. The three APIs are [...]
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 that MSME loans worth Rs 2.3 lakh crores are at a significant risk of becoming non-performing. In the wake of the pandemic, the government has undertaken several initiatives to brace Micro, Small, and Medium Enterprises, which are stated below. A] Government Initiatives for MSMEs Sanctioned 3 Lakh Crores Collateral-free Automatic Loans On May 26, the Government notified 3 lakh crore Emergency Credit Line Guarantee Scheme which will provide support [...]