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 …
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 …
Optional Vouchers in TallyPrime – A Step-by-Step Guide Read More »
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 …
Memorandum Voucher in TallyPrime – A Step-by-Step Guide Read More »
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 …
Bill By Bill Entry in TallyPrime – A Simple Guide Read More »
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 …
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
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: …
Maintaining multiple godowns (warehouses or storage locations) in TallyPrime allows you to efficiently manage inventory for businesses with multiple storage points. 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 …
Bookkeeping is the process of recording and organizing all financial transactions of a business on a daily basis. It involves keeping accurate records of what comes in and what goes out — whether it’s sales, purchases, receipts, or payments. A bookkeeper typically performs the following tasks: Recording sales and income Tracking expenses and payments Managing …
What is Bookkeeping? A Complete Guide for Beginners Read More »
An entry in accounting refers to the act of recording a financial transaction in the books of accounts. It shows what happened in the transaction—which accounts are affected, how much is involved, and why the transaction occurred. The entry is usually recorded in a journal (also called the book of original entry), and it follows …
What is Entry in Accounting? | Entry Modes and Types Explained Read More »
