Download Chart of Account with Tally Group Head in Tally, Type of A/c & Debit / Credit side The chart of accounts is a financial tool used by businesses to organize their money-related activities. It’s like a list of different categories for transactions. The main categories are Assets (things a company owns), Liabilities (debts or … Read more
Purchase of Goods and Services In order to record your daily transactions, weather you are acquire items or services in your business. You can make a cash buy or a credit transaction. You must keep a record of the products purchased, payments paid, goods returned, and so on for each purchase transaction. You can accomplish … Read more
A general ledger, or GL, is a method of keeping track of all of a company’s financial accounts. A GL generally records the following accounts: assets, liabilities, equity, costs, and income or revenue. A general ledger is a physical or digital record of such information that may be incorporated in a more advanced accounting software … Read more
Enjoy the convenience of securely seeing your Tally Prime reports in browser from any location, on any device, in a browser. Tally Prime and a device with a web browser and an internet connection are all you need. Anywhere, any device: You may see Tally Prime reports in browser from anywhere using any device that … Read more
All of the corporate information and commercial transactions you keep in Tally Prime are secure. However, you may increase security by adding a username and password. Only Tally users with these credentials have access to your company’s data. You may encrypt your data even further by using a Tally Vault password. Your firm name, as … Read more
F12 setups are application-centric configurations that appear on all Tally displays. Tally ERP 9. These settings can be updated and controlled as often as necessary to meet changing demands. For example, if you wish to record purchases in debit/credit mode, you may do so in the F12 configurations. 1. Set Up Tally Prime for Your … Read more
In earlier days’ most organization maintained their accounts manually. In today’s competitive world most organization use Computerized Accounting Package to maintain their daily accounts. So we can say that Manual Accounting replaced by Computerized Account Computerized Accounting has many advantages. Why Tally? Tally is a global accounting package. In India so many readymade and tailor-made … Read more
We will learn how to download Tally Prime, and installing it to recording a transaction. Simply download the setup file from official tally solution website, install Tally Prime, and then activate the license. Create a corporation if you are a new user. Following that, you can begin documenting your transactions. With Tally Prime you can … Read more
Companies throughout the world typically produce their balance sheets and income statements for a one-year period. However, the commencement date of this time differs from nation to country. 1. All about Financial Year This one-year period in India begins on April 1st and concludes on March 31st. The time during which money is earned is … Read more