If you have not read the previous article of “Nuts & Bolts of Tally Filesystem: Embedded Indexing”, Please do so for a better understanding of this part, otherwise you will feel like your friend has bluffed you into watching a sequel of a movie without watching the previous part of it. As it was already mentioned in the previous article, “The tally db is one of the multiple phoenixes of the tally product, that keeps rediscovering itself to keep pace with the raising requirements of the ever-emerging Tally product to simplify how you run your businesses.” Whenever a new data pattern is iden ..read more

Micro, small, and medium enterprises (MSMEs) face many challenges in running their operations smoothly. One of the biggest of these challenges is the lack of sufficient working capital. MSMEs need reasonable working capital to carry out their day-to-day operations, pay utility bills, and pay salaries to their employees. A major chunk of this working capital is the payment MSMEs receive from their buyers for the products/services delivered. However, when buyers don’t make these payments on time, MSMEs face a lot of difficulties in running their operations. Many businesses stop their operations ..read more

The Government of India launched the UDYAM registration scheme for micro, small, and medium enterprises (MSMEs) in July 2020. This scheme was rolled out to help MSMEs run their operations smoothly by offering financial assistance. The objective was to help the MSMEs mitigate the problems they usually faced due to lack of funding, strict payment terms, and other hiccups related to loans and credit. When MSMEs complete their UDYAM registration, they get an electronic certificate and a unique 12-digit UDYAM registration number (URN). Once the MSMEs get their registration number, they become eligi ..read more

In India, micro, small, and medium enterprises (MSMEs) face many challenges in continuing their operations and business expansions. These MSMEs have a tough time getting credit or loans from banks and financial institutions. As a result, many MSMEs are forced to discontinue their operations despite employing nearly 100 million people and contributing significantly to the country’s GDP. The Government of India proposed the  2020 to help MSMEs overcome this problem. According to this scheme, all MSMEs should register as MSMEs as soon as they are established to qualify for some attractive be ..read more

The Government of India has introduced many schemes and incentives to help micro, small, and medium enterprises (MSMEs). These schemes, such as UDYAM registrations, ensure that MSMEs get easy credit access. This helps them continue their business operations without any disruptions. One such benefit that the government offered MSMEs is the 45-day and 15-day payment rule, based on the credit period agreed upon between the buyers and suppliers (MSMEs, in this case). According to the latest amendments, some changes were introduced in the matters of expenses incurred for the purchase of goods/servi ..read more

Thanks to the UDYAM registration scheme of the Government of India, MSMEs today have less risk of running their operations without any disruptions. However, since this process is not mandatory, one of the biggest challenges for business owners is checking if their MSME suppliers are registered under UDYAM. In this blog, we will explain some ways to find out if your suppliers are registered under the MSME UDYAM Scheme. We will also discuss the amendments to MSME payments from 1 April 2024 and the importance of the MSME 1 Form. Things to Note When Dealing with Registered MSME Suppliers There are ..read more

To simplify the understanding of a software product, imagine it is like a machine which runs due to coordination of multiple moving parts. Sometimes there can be multiple engines powering each part so that the machine can work efficiently and can also be maintained or scaled without impacting its existing functionality. One such engine that runs Tally is Tally filesystem or tally database engine. We would like to discuss one of the nuts & bolts of this tally database engine to peek into what happens when you drill down to one of the business reports in tally. Wait! wait! did you say Tally ..read more

TallyPrime is one of the most widely used business management software that allows you to get complete control over your inventory, from managing, tracking, and reordering it to much more. One of its key features is barcode assignment.  TallyPrime lets you quickly assign barcodes to your inventory, which makes inventory management and tracking a breeze. But how can you best use TallyPrime’s barcode feature for efficient inventory management? Read on to know more about the same. 5 vital things you should know before using barcodes with TallyPrime Be clear on the type of barcode standard y ..read more

Of all the factors that contribute to a business’s success, inventory management is one of the most crucial yet overlooked ones. Having good control over your inventory allows you to cater to your customers’ requirements better and avoid stock-out issues. It also helps you meet sudden spikes in customer demands during festive or holiday seasons, gaining you a good edge over your competitors. For a good control over your inventory, you need to have best practices in place. In this blog, we will talk about the best inventory management practices you can introduce to your business to enhance prof ..read more

You may not know it, but the way you manage your warehouse inventory determines the profitability of your business. This is especially true for small businesses. A properly managed warehouse inventory has a significant positive impact on order fulfilment, delivery, and customer satisfaction, all of which translate to more sales and profit.   Managing warehouse inventory requires you to follow the right warehouse inventory management processes.  Here’s a complete guide to warehouse management, its importance and best practices you can employ to manage inventory efficiently. Let’s ..read more