Multi-Currency means the ability to record transactions in more than one currency (like Rupees, Dollars, Euros). Managing international transactions is a part of modern business. If you are buying or selling in other countries, you’ll deal with foreign currencies like USD, EUR, etc. Many businesses deal with international clients and vendors, making it essential to […]
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Purchasing items with discounts is a common transaction in business. In TallyPrime, you can enter purchase transactions while applying discounts on individual items. Discount is a reduction in the price of an item or total invoice amount. In TallyPrime, you can apply discounts in several ways: Discount entry in TallyPrime refers to recording purchases/ sales
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A payroll voucher is used to record all employee-related transactions. It enables you to compute all the values for the respective Pay Heads (Earnings and Deductions). It allows you to document and track the financial transactions associated with payroll processing within your organization. This voucher may be used in two ways – Manual Entry and
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It encompasses the various components and elements that make up an employee’s earnings, including basic salary, allowances, incentives, bonuses, and other salary-related components. These components are known as “pay heads” in Tally Prime. Each pay head represents a specific earning or deduction related to an employee’s salary. Gateway Of Tally >> Alter >> Define Salary
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Pay heads refer to the specific components or elements that make up an employee’s salary or wages. Which represent the various earnings, deductions, or contributions that are included in an employee’s payroll calculation. Types Of Pay Head A Pay Head is categorized as Allowances, Deductions or Reimbursements, In Tally Payroll, Pay Head types are
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The payroll work unit refers to the basic unit of measurement used for calculating wages or salaries of employees, It is typically an hour, day, week, or month, depending on the organization’s payroll policies. A unit is used to define the quantity or rate of an employee’s earnings or deductions. Payroll work units can be
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An employee represents an individual who is employed by an organization and is eligible to receive salary or wages. After creating the Employee Groups, create individual Employee Masters, with or without grouping them, under the Employee Group Master. Employees in Tally are typically associated with various payroll-related information such as salary structures, attendance records, deductions, allowances,
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Gateway Of Tally >> Vouchers >> Payroll (CTRL + F4 ) >> Salary Slip Select Class Pay slip Click on Autofill (CTRL + F) Fill Pay Period it will auto calculate as you finish above field. Pay slip of Employee One Gateway of Tally >> Display More Report >> Payroll
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Payroll Attendance refers to the recording and management of employee attendance data within the payroll module. It involves tracking and maintaining records of employee presence, absence, leaves, half-days, and other attendance-related information. The Payroll Attendance functionality in Tally Prime allows you to accurately calculate employee wages or salaries based on the recorded attendance data. Employee
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Businesses with multiple departments, divisions, functions or activities may create the required employee groups and classify individual employees under a specified group i.e. Production Sales Marketing Stores An Employee Group allows you to group employees in a logical manner, the Salary structure can be defined at the Employee Group level How to Create employee
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