Author name: ankititsolutions.com

Sending emails directly from TallyPrime saves time and ensures accuracy when sharing important business documents. By using Email Feature, you can quickly set up email functionality and start sending invoices, receipts, and reports with ease. Whether you’re communicating with clients, vendors, or internal stakeholders, this feature streamlines your business processes. TallyPrime’s Email Feature allows you […]

Auditing in TallyPrime refers to reviewing and verifying the financial transactions entered in the system to ensure they are correct, accurate, and comply with legal requirements. Auditing is an essential part of any business process and helps in ensuring that financial transactions and reports are accurate, comply with regulations, and meet internal controls. In TallyPrime,

A budget is a plan to prepared for the flow of funds / money in an organization. It contains financial guidelines for the future plan of action for a selected period of time. By creating budgets for income, expenses, and specific projects, and comparing the actual performance with the budgeted figures, businesses can make better

“Manufacturing” is a broader concept that refers to the process of creating / producing goods through the transformation of raw materials or components into finished products. Bill of Materials (BOM): Tally Prime allows you to create and manage Bill of Materials, which is a detailed list of all the components, raw materials, and sub-assemblies required

Interest calculation in TallyPrime means calculating interest automatically on outstanding receivables or payables (like overdue invoices, loans, advances).  Interest can be calculated on the basis of Simple or Compound Interest , In TallyPrime, you can calculate Simple Interest easily, which is one of the simplest methods for interest calculation. You can calculate interest:  Party-wise (Customer/Supplier) 

A Cost Center is a unit or part of your business (like a department, employee, branch, or project) where you want to track income and expenses.  If your business has different departments, branches, or projects, you need a smart way to track the expenses and incomes for each one separately. Cost Center helps you know which

  POS (Point of Sales) is a feature through which we can create an Invoice at a point of sales, and collect the payment from the customers in various method. POS (Point of Sale) means the place where a customer makes payment for goods or services at a store.  it can be a reception counter

A Zero Value Entry refers to any transaction in TallyPrime where the monetary value of the item or transaction is zero, i.e., no amount is paid or received, but the movement of stock, asset, or document is recorded.  Zero value transaction is used when you want to pass the entry without any amount, for example

Promotional offers like “Buy One Get One Free” (BOGO) are common in sales, and managing such transactions in accounting,  there are 3 important concepts to understand: Billing Quantity and Actual Quantity. These help you record sales accurately while ensuring proper stock management. Actual Quantity: This refers to the total physical quantity of the items being