Author: Rishit Shah
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Edit Log in TallyPrime: 7 Best Practices + 4 Audit Trails
The Edit Log in TallyPrime is a powerful tool that tracks changes made to transactions and master data. 1. Edit Log Providing you Audit Trail in TallyPrime It provides a detailed audit trail, helping you to: 1. Identify Changes: See who made changes, when they were made, and what specific changes were made. 2. Investigate…
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Edit Log Versions in TallyPrime: 3 Simple Steps + Easy Example
TallyPrime’s Edit Log feature captures detailed information about changes made to transactions and master data. It records the user, date, and time of the change, as well as the specific modifications made. 1. Key Concepts about Edit Log Versions in TallyPrime: 1. Previous Record: This is the original version of a transaction or master data…
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Activities in Edit Log Report for Transactions & Masters in TallyPrime
The Edit Log Report in TallyPrime captures various activities that users perform on transactions and masters. These activities provide a detailed audit trail, ensuring accountability, transparency, and compliance. 1. Activities Captured in Edit Log Report in TallyPrime 1. Creation This activity records when a transaction or master is created for the first time. Example: 2.…
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Edit Log for Transactions & Masters in TallyPrime: 2 Examples
1. How to Use the Edit Log Report for Transactions and Masters in TallyPrime? TallyPrime’s Edit Log Report is a powerful feature that helps track changes made to transactions and masters. This is especially beneficial for auditing purposes, compliance, and ensuring data integrity. It captures details like the creation, alteration, or deletion of entries, along…
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Value of Stock Items Including Additional Cost of Purchase in TallyPrime
To know the total value of stock items including additional costs of purchase in TallyPrime, you can use the following methods: 1. Stock Summary Report in TallyPrime: 2. Inventory Valuation Report in TallyPrime: 3. Stock Group Summary Report in TallyPrime: 4. Example to Know Total Value of Stock Items Including Additional Cost of Purchase in…
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Purchase Voucher: Additional Cost of Purchase on Stock Items in TallyPrime (Voucher Mode)
In TallyPrime, you can use the Purchase Voucher in Voucher Mode to record the purchase of stock items and allocate additional costs such as freight, taxes, or other charges. This ensures accurate inventory valuation by including the additional costs in the item’s landed cost. 1. Benefits of Recording Additional Costs in Voucher Mode in TallyPrime…
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Additional Cost of Purchase on Stock Items in TallyPrime: 4 Steps
TallyPrime allows you to record and allocate additional costs incurred during the purchase of stock items, such as freight, customs duty, or insurance. Allocating these costs ensures that the accurate landed cost of the stock items is recorded, helping in proper valuation and decision-making. 1. Benefits of Allocating Additional Costs of Purchase on Stock Items…
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Purchase Bills Pending in TallyPrime: 2 Steps + Easy Example
1. Understanding Purchase Bills Pending in TallyPrime The Purchase Bills Pending report in TallyPrime provides a list of purchase invoices that have not been fully paid. This report is crucial for tracking outstanding payments to suppliers and managing your accounts payable. 2. Accessing the Purchase Bills Pending Report in TallyPrime: 1. Go to Reports: Go…
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Rejections Against Receipt Notes in TallyPrime: 5 Steps + Example
1. Understanding Rejections Against Receipt Notes in TallyPrime A rejection occurs when a portion or all of a received shipment is returned to the supplier due to quality issues, incorrect items, or other reasons. In TallyPrime, you can record rejections against receipt notes to track the returned items and adjust the accounts accordingly. 2. Steps…
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Purchases with New Tracking Numbers in TallyPrime: 4 Steps
1. Understanding Tracking Numbers in TallyPrime Tracking numbers are unique identifiers assigned to shipments or orders to facilitate tracking and tracing. They are often used in logistics and shipping to monitor the progress of shipments. 2. Steps to Record Purchases with New Tracking Numbers in TallyPrime: 1. Create a Custom Field: 2. Place the Field:…