Inventory Management What is Inventory? Inventory refers to the stock of goods and materials used for production and selling. Inventory is treated as a current asset in a business and is recorded in the balance sheet of the company. In a manufacturing company, raw materials, semi-finished goods, and finished goods are treated as inventory. In …
Attendance is the most important factor in salary calculation. The basic payable salary of an employee is calculated on the basis of his attendance records. Attendance record includes present and absent days of an employee and the details of extra hours he has worked i.e. overtime. In Tally Prime, you have 4 different Attendance/Production types. …
Payroll is a process of maintaining records of employees’ salary under various pay heads, attendance & absent records, all benefits & deductions. Just like we create individual ledgers for the debtors and creditors, we need to create ledgers for an individual employee or department-wise employee groups. Employees & Employee Groups: The first step in the …
Payroll– Payroll is the process of maintaining records of employees’ salary under various pay heads, attendance & absent records, all benefits & deductions. This process involves creating a pay policy of the organization, leave encashment policy, statutory & non-statutory deductions, and other payroll inputs. Tally Payroll gives the benefits of simplified payroll processing and accounting. …
Payroll in Tally Prime: Basics, Features & More. Read More »
What is Tally Prime? Install Tally Prime for Free. Tally prime is Tally Solution’s new product which we can say is a latest updated version of tally. Tally Prime has now officially replaced Tally ERP 9. Tally prime is specially designed for enhanced business efficiency which empowers busines owners to securely access business reports from …
How to download, install and activate Tally Prime. Read More »
A sales invoice or a sales bill is an essential document used by all kinds of companies. A sales invoice should include items purchased by customer, quantity of each item, discount received if any, applicable taxes and total amount due from the customer. The invoice is important in billing because it gives your customer the …
How to create Sales Invoice with GST in Tally Prime? Read More »
A Purchase Invoice is a bill you receive from your supplier against which you need to make the payment. It is a confirmation given by supplier that the sale has occurred. Purchase invoice shows the contents of a specific transaction. It indicates the amount of goods as well as their prices. The purchases expenses can …
A Purchase Invoice is a bill you receive from your supplier against which you need to make the payment. It is a confirmation given by supplier that the sale has occurred. Purchase invoice shows the contents of a specific transaction. It indicates the amount of goods as well as their prices. The purchases expenses can …