Bank Reconciliation Statement also known as BRS. Bank reconciliation is a process of matching entries (e.g. customer payments, receipt, bank fees etc.) on the company’s tally books with the corresponding data on its bank statements. Using BRS companies can confirm that the company’s records are correct or not. Bank reconciliation is a vital accounting process for […]
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This assignment focuses on understanding and practicing the Contra Voucher Entry in TallyPrime. Contra vouchers are used when there is a transfer of cash or bank funds between two accounts. For instance, when cash is deposited into the bank or withdrawn from the bank to cash. Assignment No 1Â Bank Details Name : HDFC Bank
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Recording and maintaining cancelled cheque details in TallyPrime is essential for accurate financial management. Whether cancelling an already issued cheque or maintaining records for voided cheques during issuance, TallyPrime offers a straightforward approach to handle these tasks. In business operations, it’s common to cancel cheques due to errors, void transactions, or other reasons. TallyPrime allows
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Printing cheques directly from TallyPrime can save a lot of manual effort and reduce the risk of errors in writing cheque details. Whether you are issuing payments to suppliers, employees, or other parties, TallyPrime’s cheque printing feature makes the process quick, accurate, and professional. Happy accounting with TallyPrime! Create Ledger Click on Vouchers Payment
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 Bank ledgers can be used to record bank deposits, withdrawals, transfers, and other bank transactions. By maintaining a bank ledger, businesses can keep track of their cash flow and reconcile their bank statements. In Tally Prime, a bank ledger is a master record that is used to record all financial transactions related to
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A Credit Note Voucher is used to record transactions where a business gives credit to a customer, which helps record returns or adjustments when goods are returned by customers, discounts are given, or any other credit adjustment is required. In TallyPrime, Credit Notes help record sales returns or adjustments in receivables from customers. Credit note
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A Receipt Voucher in TallyPrime is used when you receive money from customers, banks, or any other source. It helps record cash, cheque, or online transactions accurately. Receipts are an official record that represents proof of a financial transaction or purchase. Receipts are also important for tax purposes as proof of certain expenses. TallyPrime is a powerful accounting
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A Sales Voucher is a document used to record sales transactions in TallyPrime. It helps in keeping track of revenue, updating inventory, and ensuring accurate financial records. A sales voucher is a form of a receipt or documentation commonly given to a buyer of supplies or goods. Sales Voucher in Tally​​ It is one of the most
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A Rejection In Voucher is used to record goods returned by customers due to defects, wrong items delivered, or other reasons.  it’s helps record and track the return of goods that were rejected by customers. This voucher ensures accurate inventory updates and keeps track of returned items. For example, if a customer receives 20 units of
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A delivery note is a document used to record the delivery of goods to customers. It contains details like the quantity, description, and condition of the items being delivered. Delivery notes are useful for ensuring smooth order fulfillment and keeping accurate records. You can record delivery notes as the first voucher and generate a sales
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