Technology

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, date and amounts recorded in the voucher. In short, the audit trail in TallyPrime makes the financial evaluation process much more seamless and effective. A. What is an Audit Trail? An audit trail is a collection of records documenting every step in a business transaction, including invoices issued for payments or sales contracts revenue. It helps business owners determine and evaluate financial performances, find out bottlenecks (if any), [...]

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 data to the head office and vice versa. The entire process of sharing data is done over the Internet or a private network irrespective of the usage of data, based on the type of work done at each location. The frequency of updating data at various locations also differs and largely depends on the volume of data generated at each location or the availability/urgency of having the latest [...]

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 from anywhere, which ensures that their work is not affected. Thus, let’s look at what remote access in TallyPrime is along with essential features it provides to keep your data protected. A. What is Remote Access in TallyPrime? With the Tally remote access feature, anyone with a valid license for the server, an active TSS (Tally Software Services), and an Internet connection can easily access TallyPrime from anywhere [...]

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 that exceeds Rs. 100 crores in the previous financial year. However, according to the latest news, starting from 1st April 2021, all B2B businesses may have to implement e-invoicing in their billing and ERP software. E-invoicing is a standard invoice format that eventually has to be followed by all businesses. To make the task of generating e-invoices easy, you can integrate IRP (Invoice Registration Portal) with your existing [...]

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 non-accounts background. Also, with the focus on enhanced business efficiency, TallyPrime allows you to seamless access your business data anytime, anywhere securely using the web browser. If you are looking for a TallyPrime guide on how to upgrade Tally.ERP 9 to TallyPrime, then here is a step-by-step guide that you can follow. Read: How To Upgrade Tally.ERP 9 To TallyPrime: Step-by-Step Guide #Valid TSS While Tally.ERP 9 is [...]

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 [...]

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 [...]