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 …
Cost Center Maintenance in TallyPrime: A Step-by-Step Guide Read More »
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 …
Point of Sale (POS) in TallyPrime: A Simplified Guide Read More »
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 …
How to Record Zero Value Entries & Blank Cheque Entries in TallyPrime Read More »
Price List is a feature in Tally where you can fix the rate of an item for different groups or occasions. In business, you may want to sell the same item at different prices to different types of customers like wholesalers, retailers, or regular customers. TallyPrime offers an excellent feature to manage different pricing for …
Price List and Price Level in TallyPrime: Simplified Guide Read More »
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 …
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 …
Multi-Currency in TallyPrime: A Step-by-Step Guide Read More »
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 …
Discount on Purchase / Sales Entries in TallyPrime? Read More »
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 …
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 …
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 …
