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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, cash flows, and working capital. As the impact of the pandemic extends, all functional leaders face pressure to cut the costs, but at the same time, it is critical too to avoid thoughtless responses. In this article, we would like to discuss the cost management process that includes several best practices on how to manage costs in times of COVID-19. Tips For Effective Cost Management Working Capital Management [...]

By |2020-08-24T10:21:34+00:00August 24th, 2020|Business, Finances, Softwares|Comments Off on Best Practices For Cost Management Amid COVID-19
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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 […]

By |2020-08-24T09:07:17+00:00August 14th, 2020|Business, Finances, Softwares, Technology|Comments Off on Which is Better, Excel or Tally?
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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 [...]

By |2020-07-31T10:45:29+00:00July 30th, 2020|Business, Finances, Softwares, Technology|Comments Off on Tally Integration: Why is it Required?
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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 […]

By |2020-08-24T09:10:07+00:00June 29th, 2020|Business, Finances, Softwares, Technology|Comments Off on Understanding Tally XML Format
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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 share of teething challenges, we hope that we have been able to provide you with the service you have come to expect from us. If so, please don’t forget to write us a 5***** review on Google! Your 60 seconds can go a long way in helping us get in front of prospective customers! However, today we simply wanted to highlight what our Tally on Cloud offering is [...]

By |2020-07-06T06:31:07+00:00June 19th, 2020|Business, Finances, Softwares, Technology|Comments Off on Is Tally on Cloud Right For Your Business?
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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 accounting tools are and how they can help! 1. Tally on Mobile If you need to do lightweight data entry on Tally or want to view all the reports in real-time, then you should consider using our Tally on Mobile solution, BizAnalyst. It is a low-cost, highly reliable product for businesses who want to quickly create & send invoices and make basic data entries. Tally.ERP 9 app also [...]

By |2020-06-23T04:57:26+00:00June 19th, 2020|Business, Finances, Softwares|Comments Off on 5 Tools to Help Your Business Navigate the Lockdown
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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 […]

By |2020-08-24T09:11:23+00:00June 16th, 2020|Business, Finances, Softwares, Technology|Comments Off on How To Use Tally, An Introduction To Tally ERP 9 Software
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Quick Setup for TCS in Tally.ERP 9

  Did you know that in Tally.ERP 9, you can implement all statutory modules and Tally.NET service from just a single screen? Implementing company statutory modules in Tally.ERP 9 involves setting up of statutory masters by entering the required details, creation of needed voucher types and going through advance setup if required. Similarly, setting up Tally.NET also requires creation of users with different security levels and defining various authorization rights based on business requirements. Let us take an example. The standard steps required to implement statutory module for ‘Tax Collected at Source’ is shown in the image below: Remembering the sequence of creation of all these ledgers, voucher types and various settings is not a simple task. But, Quick Setup provides a one stop solution that allows users to complete all these requirements […]

By |2019-11-30T13:15:54+00:00February 4th, 2016|Business, Finances, Softwares, Technology|Comments Off on Quick Setup for TCS in Tally.ERP 9
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VAT in Tally.ERP 9 Release 5

Tally.ERP 9 Release 5.0 Highlights Tally.ERP 9 Release 5.0 is a path-breaking innovation bringing to you the ability to: Generate 100% accurate tax returns in a matter of minutes Synchronise your business data across locations without the need for rigid schedules Manage your working capital requirements and plan your cash in the most efficient way Enjoy personalised updates and a memory optimised system performance Tally.ERP 9 Release 5 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you. For more info visit: http://markitsolutions.in/products/tally-erp-9/

By |2019-12-03T05:26:12+00:00January 29th, 2016|Business, Finances, Softwares, Technology|Comments Off on VAT in Tally.ERP 9 Release 5
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Quick Setup for Excise for Dealer in Tally.ERP 9

Did you know that in Tally.ERP 9, you can implement all statutory modules and Tally.NET service from just a single screen? Implementing company statutory modules in Tally.ERP 9 involves setting up of statutory masters by entering the required details, creation of needed voucher types and going through advance setup if required. Similarly, setting up Tally.NET also requires creation of users with different security levels and defining various authorization rights based on business requirements. Let us take an example. The standard steps required to implement statutory modu le for ‘Excise for Dealer’ is shown in the image below: Remembering the sequence of creation of all these ledgers and voucher types is not a simple task. But, Quick Setup provides a one stop solution that allows users to complete all these […]

By |2019-11-30T12:32:33+00:00July 23rd, 2015|Business, Finances, Softwares, Technology|Comments Off on Quick Setup for Excise for Dealer in Tally.ERP 9
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PowerPacks FAQ

What is a PowerPack?

A PowerPack is a powerful widget built on top of the Tally platform. It adds value to your business by simplifying key, daily activities that may currently be done manually. A good example is Digital Signature – replace the need for physically signing (or even printing out!) By automatically inserting a digital signature on your entire Tally generated invoices. Saves you a ton of time, saves printing costs and also saves the environment since you print less!

Why do I need to pay annually?

Good Question! Our team is continually improving these PowerPacks. By adopting a subscription model, it allows our team to invest time to continually improve them. In addition, when the Tally platform is upgraded, your PowerPack will always work. Current offerings in the market sell you a ‘perpetual’ file and then charge you exorbitant upgrade fees when a new version comes out. We eliminate all of that and charge you a low fee. Think of it as sacrificing a couple of cups of coffees per year! Surely you can sacrifice 2 cups of coffee for improved productivity at work, right?

What if I want to cancel? Can I get a refund?

No problem! We understand that our customers’ needs evolve over time, and you may not need a certain PowerPack after a certain period of time. If you cancel within 7 days of purchasing the PowerPack, we will refund your money within 3 business days – no questions asked! If you’ve purchased an annual license, you can simply cancel your subscription and your license copy will lapse after your subscription period ends. No surprise charges. EVER!

Do you offer discounts?

Come on! You must be joking. Ok, you’re not. Well, the answer, surprisingly, is YES! If you purchase a PowerPack for the whole year, you can get it for only INR 999/year! That is a 15% discount or almost 2 months free 🙂 Happy now?

What if I need support?

We’ve designed our PowerPacks to be self-serve and easy to install and use. We also provide you with a user manual and feature list with screenshots to get you started. But if you still have questions, drop us an email at [email protected] and we’ll help you out! If you need more hands-on support, just give us a call or drop an email.

I don't see a PowerPack that I want listed here. Are you planning on adding more?

Absolutely! We will continue to build the PowerPacks that serve our customers at an affordable price. We notify our customers when a new PowerPack is available. Meanwhile, if you need something very unique to your business, we have a top-notch development team that is eager to solve complex problems for businesses like yours. Fill out this form, we’ll get in touch with you!

Other Vendors are offering the same PowerPack for a Flat rate. Why should I pay you annually?

Good question again! Other vendors may offer you a PowerPack (add-on/module) for a flat one-time fee. But what they don’t tell you is that anytime there is a release upgrade or newer version of Tally, the PowerPack will stop working. To get it to work again, you will need to pay the vendor more money. This cycle is never-ending! In addition, other vendors may not update their PowerPacks with additional features. If they do, they may charge you extra for the same. With Mark IT, your PowerPack will always work even if there is a release update. The subscription model also allows us to continually enhance our PowerPacks and pass on the benefits to our customers at no extra cost. Plus, you save a ton of money upfront which you can use for other business improvements!

What payment types are available to me?

You can choose between a number of payment types – NEFT, credit or debit card, UPI, EMI or any wallet (like PayTM, PhonePe etc.) Providing flexibility to our customers is important to us, so we ensure to continually add the latest payment methods.

What if I want to buy multiple PowerPacks at the same time?

We’re glad you want to! Simply add multiple PowerPacks to your cart and buy! In addition, if you wish to purchase additional PowerPacks for additional serial numbers, simply change the quantity to the appropriate number of serial numbers and you are set. Feel free to add any comments in the Notes section if there is something you need to tell us regarding your order. Trust us, we read every customer’s emails!

Can I use a PowerPack on multiple serial numbers?

A PowerPack is compiled and attached to a single serial number. If you’d like to set up the PowerPack for multiple serial numbers, simply purchase additional PowerPacks for each of your serial numbers. Simple!

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