Business reports are vital and essential tools for any business, regardless of size or industry. With Tally, you always have the comfort of wide variety reports with numerous views providing powerful insights that help you to make informed decisions. Be it finance, stock, or taxes, the reports available in Tally will help you manage all these aspects better. With TallyPrime, the all-new powerful business management software, discovering insights just got easier. Don’t be surprised! One can get the insights even without knowing the navigation path to reach the report or need to remember th ..read more

There are lots of responsibilities that come along with running a business. One of those is invoicing. No matter what type of business you run, you must invoice your customer’s for sale of goods or services rendered. TallyPrime, all new business management software makes it amazingly simpler to create and record invoices. Optimized invoice components, host of configurations, multiple billing modes and so on.. makes TallyPrime really moulding to your business. Not just that, you can multi-task and handle day-to-day interruptions with ease. Multiple billing mode Just like we say, ‘One ..read more

Our software has historically been an on-premise product that we believe has one of the simplest licensing policies, to help you make easy decisions by integrating Tally for your business. Over the last few years with the advent of virtualization, technologies such as Windows RDP, Citrix, Windows Thin Client, cloud services etc., the demand to access Tally application and other crucial data using such technologies has gained momentum. Given the prevailing situation, this need has accelerated. Keeping up with our commitment to bring in changes that make your life easier and serve the growing ne ..read more

What is ERP? ERP refers to ‘Enterprise Resource Planning’ software which integrates various functions of a business into a single unified system. A business, irrespective of size, has to deal with various function like purchase management, sales management, material management, payroll etc. Having a separate system to manage each of these functions is a nightmare. Here is why Enterprise Resource Planning (ERP) software helps the business. Enterprise Resources Planning (ERP) systems bind various functions of the business into a single database. The following are some of the important busin ..read more

What is a billing software? Why do businesses need a billing software? What are the features that a billing software offers? What is a billing software? A billing software can be any software designed to handle time and billing tracking as well as invoicing customers for services and products. It can track the hours worked by employees as well as expenses associated with projects or clients. Billing software is an integral part of an accounting and finance software package, and there are vendors that offer free billing software for small businesses along with the main package. However, the bi ..read more

What is Form GST PMT-08 Format of GST PMT-08 Key things to keep in mind while filing GST PMT-08 What is Form GST PMT-08? The Form PMT-08 is used to make payment of self-assessed tax by all quarterly taxpayers under the new GST returns system. This form shall be used in the first two months of the quarter. It is used for declaring and paying the tax liability and claiming the eligible input tax credit. It is to be used by 20th of the next month (for the first two months of the quarter). It will be followed by the filing of RET-1/2/3 by the 25th of the month following the quarter. S ..read more

What is FORM GST ANX-2? What are the contents of FORM GST ANX-2? What is the format of FORM GST ANX-2? What should taxpayers keep in mind as they file their FORM GST ANX-2? Under the New GST Return System, there will be one main return called the FORM GST RET-1 and two annexures i.e. FORM GST ANX-1 and FORM GST ANX-2. The return will have to be filed on a monthly basis, except for small taxpayers (taxpayers with a turnover up to Rs 5 crore) who can opt for the quarterly filing of returns. What is FORM GST ANX-2? FORM GST ANX-2 is an annexure to the main return FORM GST RET-1, and will h ..read more

Definition of accounts payable Example of accounts payable Importance of accounts payable Accounts payable process Definition of accounts payable Accounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company’s balance sheet. In simple words, when you buy goods or services with an arrangement to pay at a later date, such amount till it is paid is referred to as accounts payable. Accounts payable is also called as bills payable and the total amount that a company is liable to pay is shown as liability under the head ‘sundry creditor’ in the ba ..read more

What is a purchase order? Purchase order procedure Details of purchase order Purchase order sample format Purchase order process flow Purchase order vs purchase invoice How do businesses manage purchase order? What is a purchase order? A purchase order is a contract between the buyer and the seller and it gives specific information like product or services to be delivered, delivery date, and any other terms and conditions including the price. The purchase order is also called as ‘PO’ Purchase order procedure The purchase order procedure commences with the order approval which is enacted by ..read more