Cost Center Maintenance in TallyPrime: A Step-by-Step Guide

In any business, tracking expenses and incomes for different departments wise, projects wise, or locations wise is essential for better financial management. Cost Centre is useful to find out the classified expenses or incomes of different Cost Centre like Purchase Department, Sales Department, Production Department, etc. In TallyPrime make this process simple and efficient. By […]

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Point of Sale (POS) in TallyPrime: A Simplified Guide

  POS (Point of Sales) is a feature through which we can create an Invoice at a point of sales, and collect the payment from the customers in various method. POS Invoice is generated when a customer is making purchase in person and the process of checking is part of it.  it can be a

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How to Record Zero Value Entries in TallyPrime: A Step-by-Step Guide

Zero value transaction is used when you want to pass the entry without any amount, for example free samples Distributed or Received, there is no value of goods to be received or paid. You Have To Make Some Changes in Payment Voucher For Pass Zero value transaction. Examples include: Free Samples: Giving samples to customers

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Price List and Price Level in TallyPrime: Simplified Guide

TallyPrime offers an excellent feature to manage different pricing for various customers, such as Distributors, Wholesalers, Retailers, and others. This is done using Price Lists and Price Levels. With this feature, businesses can streamline their sales process and automatically apply the correct price for each category of customers. Price List are available only for inventory

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How to Handle “Buy One Get One Free” Offers or Billing Quantity vs. Actual Quantity in TallyPrime

  What are Billing Quantity and Actual Quantity in TallyPrime? Promotional offers like “Buy One Get One Free” (BOGO) are common in sales, and managing such transactions in accounting,  there are two important concepts to understand: Billing Quantity and Actual Quantity. These help you record sales accurately while ensuring proper stock management. Actual Quantity: This

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Multi-Currency in TallyPrime: A Step-by-Step Guide

Many businesses deal with international clients and vendors, making it essential to manage transactions in multiple currencies. TallyPrime makes this process seamless with its multi-currency feature, allowing businesses to handle transactions, reports, and balances in different currencies. Multi-currency entries are mainly use in those companies which deal with the Companies which are located in different-

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How to Add Discount Purchase Entries in TallyPrime?

Purchasing items with item-wise discounts is a common transaction in business. In TallyPrime, you can enter purchase transactions while applying discounts on individual items. Method 1 What is Discount Entry? Discount entry in TallyPrime refers to recording purchases where a discount is applied to items. Businesses use discounts to attract customers or to get benefits

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Payroll Voucher Creation

A payroll voucher is used to record all employee-related transactions. It enables you to compute all the values for the respective Pay Heads (Earnings and Deductions). It allows you to document and track the financial transactions associated with payroll processing within your organization. This voucher may be used in two ways – Manual Entry and

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Define Employee Salary

It encompasses the various components and elements that make up an employee’s earnings, including basic salary, allowances, incentives, bonuses, and other salary-related components. These components are known as “pay heads” in Tally Prime. Each pay head represents a specific earning or deduction related to an employee’s salary. Gateway Of Tally >> Alter >> Define Salary

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Pay Heads Creation in Tally

Pay heads refer to the specific components or elements that make up an employee’s salary or wages. Which represent the various earnings, deductions, or contributions that are included in an employee’s payroll calculation.   Types Of Pay Head A Pay Head is categorized as Allowances, Deductions or Reimbursements, In Tally Payroll, Pay Head types are

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