GST R1 Return is an important filing under the Goods and Services Tax (GST) system in India. If you are a business owner registered under GST, you must file this return to report your sales (outward supplies) every month or quarter. GSTR 1 is a monthly, or quarterly GST returns filing form that all taxpayers […]
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Round Off in TallyPrime is used to adjust small decimal differences in the invoice total. It helps in making the final amount whole or clean, especially when tax and discount calculations lead to amounts like ₹10,542.53. For example: Invoice Total = ₹10,542.53 Rounded Off = ₹10,543.00 Round Off Amount = ₹+0.47 (automatically adjusted by
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A Post-Dated Voucher is a voucher (like Payment, Receipt, Journal, etc.) that is entered today but is dated for a future date. It does not affect your books of accounts or reports until that future date arrives. Post-dated vouchers help you plan and schedule transactions for future periods, making it easier to manage your finances, and they are typically associated with cheques, payments,
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A Physical Stock Voucher in TallyPrime is a type of voucher used to record the actual physical count of inventory items on hand. A Physical Stock Voucher in TallyPrime is used to record actual physical stock available in your store or warehouse. It helps to adjust your book stock (stock shown in Tally) with real
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An Optional Voucher in TallyPrime is a temporary voucher that does not affect the books of accounts unless converted into a regular voucher. It means you can enter a full transaction, save it, but it won’t affect your accounts or stock unless you make it regular later. Here’s why Optional Vouchers are useful: Situation Use
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A Memorandum (Memo) Voucher in TallyPrime is a non-accounting entry used to record transactions temporarily. As name of Memorandum Vouchers like this its used for memories, informational or reference purposes. This feature is useful for handling doubtful transactions, provisional expenses, or transactions pending confirmation. These entries do not impact the books of accounts until they
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This ensures better control over receivables and payables, making it easier to manage business finances. “Bill-by-Bill” is a feature in TallyPrime that is primarily used in the context of managing accounts receivable and accounts payable. It allows you to keep track of individual bills or invoices related to specific transactions. Bill-by-Bill Accounting in TallyPrime allows
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Stock journal voucher is used in accounting to record transactions related to the consumption of items within a company and the transfer of items between different locations or branches. 1. Consumption: Purpose: The consumption aspect of this voucher class is used to record the usage or consumption of inventory items within the company for various
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A stock report in TallyPrime provides details of available inventory, helping businesses manage stock efficiently. When dealing with multiple locations, viewing stock reports godown-wise helps in better decision-making. Click on Display More Reports Click on Inventory Books Click on Godowns / Locations Select you godown / location Report
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In TallyPrime, the “Stock Group Summary” is a report that provides a consolidated view of your inventory items grouped by their respective stock groups. This report helps you assess the overall stock position of different categories or groups of items in your inventory. To generate a Stock Group Summary report in TallyPrime, follow these steps:
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