TallyPrime and TallyPrime Edit Log Release 4.1
Tally Academy
by Tally Academy
2M ago
Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What’s New! TallyPrime and TallyPrime Edit Log Release 4.1 bring great delight to you with the following offerings: The provision to update MSME UDYAM number for a company and its MSME suppliers. You also have the option to quickly gather details of all unpaid bills to MSME suppliers, and easily comply with section 43b(h) of the Income Tax Act. The facility to generate the list of all online sales in a return period, as per the changes introduced in GSTR-1. MSME With the new MSME featur ..read more
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Allow Back-Dated Transaction Entries | Update Financial Year in TallyPrime
Tally Academy
by Tally Academy
2M ago
If you have maintained your books of accounts prior to the current financial year, you can add all of the back-dated transactions to your company in TallyPrime. Let us assume that you started your business in 1-Jun-2019 and have maintained your business transactions since then. However, you created a company in TallyPrime on 1-May-2019. By default, the books and financial years in TallyPrime are both set to 1-Apr-2020. To allow entries of transactions in TallyPrime starting 1-Jun-2019, you will need to update the financial year information of the company. Press Alt+K (Company) > ..read more
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Update Company Details | Alter Company in TallyPrime
Tally Academy
by Tally Academy
2M ago
If your company address, phone number, or any other contact information was not provided earlier or has changed, you can update such details in TallyPrime. Any changes made to these details will be reflected accordingly in your reports and printed invoices. Press Alt+K (Company) > Alter. In the Company Alteration screen, make the necessary changes. Accept the screen. As always, you can press Ctrl+A to save. If you do not need the company anymore, you can delete the company as well. Press Alt+K (Company) > Alter. In the Company A ..read more
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Load company on startup in TallyPrime
Tally Academy
by Tally Academy
2M ago
If you wish to load one or more companies by default, whenever you open TallyPrime, you can configure the same. Open the Startup Settings screen: Press F1 (Help) > Settings > Startup. Set the option Load companies on startup to Yes, and press Enter on Companies to load. In the List of Companies to Load on Startup screen, select one or more companies, based on your need. Select End of List, after your have selected the companies to be loaded on startup. The companies that you select here will be loade ..read more
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Load company in TallyPrime
Tally Academy
by Tally Academy
2M ago
Once you have created a company, you can load the company in one of the following ways: Select company Open TallyPrime > Alt+F3 (Select Company) > and select the company from the List of Companies. If you have created more than one company, you can browse to the data path and select the required company to open ..read more
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Set Up Your Company
Tally Academy
by Tally Academy
2M ago
Maintaining your business transactions on a day-to-day basis is critical to your business. To keep a record of all your business transactions, you need to first create a company in TallyPrime. Through the company, you can also view and update all your transaction entries, as needed, and go through the financial reports based on the transactions that you maintain. Create company: To create the company, just enter the company name, address and other details, such as financial year, security, and base currency information. Once you have created your company, based on your business preferences, yo ..read more
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MSME in TallyPrime
Tally Academy
by Tally Academy
2M ago
Identify, Track, Pay, and Report Payments to MSME Businesses In this topic we will learn about the challenges faced by the MSME businesses due to the lack of visibility of their MSME status. We will also look into the provisions made by the Government to support such businesses and how the use of TallyPrime will improve the visibility in their business transactions and accelerate the movement of funds. Micro and small businesses registered under the MSMED Act, 2006, get benefits such as loans at a lower interest, payment guarantees from buyers, and so on. The payment guarantee provis ..read more
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How to Create and Use Barcodes for Inventory Management with TallyPrime
Tally Academy
by Tally Academy
2M ago
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 you wou ..read more
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How to Easily Shift/Migrate Your Data to TallyPrime
Tally Academy
by Tally Academy
2M ago
Many businesses use Excel spreadsheets to manage their books of accounts. While this setup may be enough for a small organisation, businesses find it necessary to adopt an accounting software when they begin scale their operations. Adopting a new software comes with its difficulties. When you start to use the new software for your accounting operations, the first step you will need to perform is entering all of your spreadsheet data into the new system. For many software products in the market this is a manual task. With TallyPrime you can easily migrate your excel data to the software. T ..read more
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Price Hike Alert! TallyPrime prices increasing
Tally Academy
by Tally Academy
5M ago
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