TallySchool

Author: Rishit Shah

  • Memorandum Register in TallyPrime: Explained in 6 Easy Steps

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    Rishit Shah
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    While TallyPrime doesn’t have a report explicitly named “Memorandum Register,” it does provide a way to access and view all your memorandum vouchers through an internal database accessible via a report called the Memorandum Register. Here’s a detailed explanation: 1. Understanding Memorandum Vouchers: 1. Purpose: Memorandum vouchers are used to record non-accounting transactions within your…

  • Suspense Payments Using Memorandum Voucher in TallyPrime: 7 Easy Steps

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    Rishit Shah
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    This method in TallyPrime streamlines recording a petty cash advance for office supplies with unknown details initially. It utilizes a single memorandum voucher that’s later converted into a payment voucher when the actual expenditure details become available. Here’s a breakdown of the process with an example: 1. Scenario: A company provides a ₹1,000 cash advance…

  • Memorandum Vouchers in TallyPrime: Understand in 6 Easy Steps

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    Rishit Shah
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    Memorandum vouchers, sometimes abbreviated as memo vouchers, are a type of voucher used in TallyPrime for recording non-accounting transactions. Unlike regular vouchers like purchases, sales, receipts, or payments, memo vouchers don’t directly affect your general ledger accounts. Instead, they serve as a record of internal transactions or adjustments that don’t involve cash or external parties.…

  • Contra Register in TallyPrime: Learn it in 5 Easy Steps

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    Rishit Shah
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    I’d be glad to explain Contra Register in TallyPrime, even though TallyPrime itself doesn’t have a specific report named “Contra Register.” Here’s a comprehensive explanation: 1. Alternative for Contra Register: Journal Register While TallyPrime lacks a dedicated Contra Register, the Journal Register acts as a substitute, offering similar functionality: 1. Function: The Journal Register chronologically…

  • Journal Vouchers in the Day Book of TallyPrime: Learn in 6 Steps

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    Rishit Shah
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    The Day Book in TallyPrime is a report that chronologically lists all your recorded financial transactions for a specific period. While most transactions fall under specific voucher types (purchase, sales, payment, receipt, etc.), journal vouchers can also appear in the Day Book. Here’s a breakdown of how journal vouchers interact with the Day Book: 1.…

  • Table-wise GSTR-1 in TallyPrime: Explained in 4 Easy Ways

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    Rishit Shah
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    In TallyPrime, GSTR-1 data isn’t directly presented in a “table-wise” format within the software itself. However, it captures and organizes transaction details in a way that corresponds to the various tables of the GSTR-1 form. Here’s how it works: 1. Data Mapping: TallyPrime maps your sales and purchase transactions to specific ledgers based on their…

  • View Contra Vouchers in Day Book in TallyPrime: 2 Easy Ways

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    Rishit Shah
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    TallyPrime’s Day Book offers a comprehensive view of your daily financial transactions, including contra vouchers. Here’s a detailed explanation on how to identify and view contra vouchers within the Day Book: 1. Identifying Contra Vouchers in the Day Book in TallyPrime: There are two primary ways to identify contra vouchers in the Day Book: 1.…

  • Contra Voucher in Double-Entry Mode in TallyPrime: 4 Easy Steps

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    Rishit Shah
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    In TallyPrime, recording contra vouchers for internal transfers between your accounts is most accurate and informative when using double-entry mode. This method ensures a complete picture of the transaction by reflecting both the source and destination of the funds. Here’s a detailed explanation of recording contra vouchers in double-entry mode with an example: 1. Recording…

  • Contra Voucher in Single-Entry Mode in TallyPrime: 4 Easy Steps

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    Rishit Shah
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    In TallyPrime, you can record contra vouchers for internal transfers between your accounts even while using the single-entry mode. Single-entry mode simplifies data entry by focusing on debits (money going out) and allows for multiple credits (money coming in) in a single transaction. Here’s a detailed explanation of recording contra vouchers in single-entry mode with…

  • Transfer of Funds Within Your Accounts in TallyPrime: 4 Easy Steps

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    Rishit Shah
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    In TallyPrime, transferring funds between your own accounts is a simple process using Contra Vouchers. Here’s a detailed explanation with an example: 1. Understanding Contra Vouchers: 1. Purpose: Contra vouchers are used to record internal transfers of funds between accounts owned by the same business. This doesn’t involve any external parties like suppliers or customers.…