TallyPrime with GST – App

What is TallyPrime Software? How is it Different from Tally ERP 9?

TallyPrime is a powerful accounting and business management software used by businesses to maintain financial records. It is widely used in India due to its user-friendly interface and automation features. In the world of business and accounting, Tally has been a trusted name for decades. It is widely used by businesses, accountants, and finance professionals […]

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How to Calculate Bank Interest and Record It in TallyPrime

Bank interest is a common part of accounting, and understanding how to calculate it and record it properly in accounting software like TallyPrime is essential for accurate financial tracking. Bank interest is the money you earn from the bank when you deposit funds into an interest-bearing account (like savings or fixed deposit accounts). Banks pay

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Banking Transaction Assignment – TallyPrime Tutorial

Contra vouchers are used when there is a transfer of cash or bank funds between two accounts. For instance, when cash is deposited into the bank or withdrawn from the bank to cash. This assignment focuses on understanding and practicing the Contra Voucher Entry in TallyPrime.   Bank Details Name : HDFC Bank A/c No

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Backup Company in Tally Prime

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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Gateway of Tally Explained – TallyPrime Tutorials

The Gateway of Tally is the main screen that appears when you open TallyPrime. It acts as a control center, allowing users to navigate various functions such as accounting, inventory management, payroll, and GST filing.  Understanding the Gateway of Tally is essential for students learning bookkeeping and accounting in TallyPrime. Tally Prime is a popular accounting

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GST Registration Process – TallyPrime

GST registration is mandatory for most businesses in India. It involves obtaining a unique Goods and Services Tax Identification Number (GSTIN) from the tax authorities. Once registered, businesses can legally collect GST from customers, claim Input Tax Credit (ITC), and file GST returns   Why is GST Registration Important? Legal Requirement: Businesses with a certain

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What is GSTR-1? GSTR1 Return Filing in TallyPrime

GST R1 Return is an important filing under the Goods and Services Tax (GST) system in India. If you are a business owner registered under GST, you must file this return to report your sales (outward supplies) every month or quarter. GSTR 1 is a monthly, or quarterly GST returns filing form that all taxpayers

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Round Off Invoice Value in TallyPrime

  Round Off feature allows businesses to round off invoice values, ledger balances, and other financial figures systematically, Rounding off is a crucial aspect of financial calculations, ensuring precision and compliance with taxation norms. The system enables automatic rounding of values based on predefined rules, reducing errors and ensuring compliance with accounting standards. Common Use

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Post-Dated Vouchers in TallyPrime

This feature is particularly useful when you want to record transactions in advance but do not want them to affect your financial accounts until the specified 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, or

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