Ankit IT Solutions – Training Institute
Backing up your company data in TallyPrime is an essential practice to ensure the safety of your financial records. Regular backups protect your data from unexpected issues like system crashes, corruption, or accidental deletions. By following this guide, you can ensure that your data is secure and recoverable in case of any unforeseen issues. Make […]
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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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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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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
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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
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