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 …
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 …
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 …
Payroll is one of the most critical components of Human Resource Management (HRM). It refers to the process of calculating and distributing wages and salaries to employees for their work during a specific period. A Payroll Master is a comprehensive system or database that stores all the necessary employee-related information required for salary calculation. Once …
A blank cheque is one where the payee and amount fields are left empty by the drawer. Recording such cheques is crucial for tracking and ensuring transparency in your accounting records. Issuing cheques for payments or receiving them as part of your transactions, keeping a record of cheques, especially blank cheques, in your accounting …
How to Record Blank Cheque Details in TallyPrime: A Step-by-Step Guide Read More »
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 …
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 …
Record Cancelled Cheque Details in TallyPrime: Step-by-Step Guide Read More »
 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 …
How to Create a Bank Ledger in TallyPrime: Step-by-Step Guide Read More »
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 …
Credit Note Voucher in TallyPrime – Sales Cycle / Proccess Read More »
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 …
Receipt Voucher in TallyPrime – Purchase Cycle / Proccess Read More »
