Category: Beginner

HSN stands for Harmonized System of Nomenclature. It’s used to classify goods under GST. If you’re selling or purchasing goods, you need to mention the correct HSN code in your invoices. In TallyPrime, you can update HSN codes easily for stock items, stock groups, or even ledgers. Let’s go step by step. 1: Enable GST…

1. Understanding SEZ GST Returns in TallyPrime Special Economic Zones (SEZs) in India have specific GST rules and regulations. SEZ units typically file simplified GST returns, focusing on exports and imports. TallyPrime can help streamline this process. 2. Key GST Returns for SEZ Units in TallyPrime: 1. GSTR-1: 2. GSTR-3B: 3. Using TallyPrime for SEZ…

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…

The Purchase Register in TallyPrime is a comprehensive report that provides details about all purchase transactions recorded in the system. This report helps businesses monitor purchases, track payment statuses, and ensure proper compliance with tax regulations. 1. Key Features of Purchase Register in TallyPrime 2. How to View the Purchase Register in TallyPrime 3. Configurations…

1. Understanding Loss on Sale of Fixed Assets in TallyPrime When a fixed asset is sold for a price lower than its book value (original cost minus accumulated depreciation), a loss is incurred. This loss needs to be recognized in your financial records. 2. Steps to Record the Loss on Sale of Fixed Assets in…

1. Understanding the Concept of Profit on Sale of Fixed Assets in TallyPrime When a fixed asset is sold for a price higher than its book value (original cost minus accumulated depreciation), a profit is realized. This profit needs to be recognized in your financial records. 2. Steps to Record the Profit on Sale of…

1. Understanding Fixed Asset Sales in TallyPrime When a fixed asset is sold, it’s essential to record the sale and adjust the related accounts. This involves recognizing the sale proceeds, calculating any gain or loss on the sale, and removing the asset from your books. 2. Steps to Record Sale of Fixed Assets in TallyPrime:…

1. Understanding POS Invoices in TallyPrime: Point of Sale (POS) invoices are typically used in retail businesses where transactions are processed at a physical location. They often include details like product barcodes, quantities, and total amounts. 2. Steps to Record a POS Invoice in TallyPrime: 1. Create a Sales Invoice: Go to Gateway of Tally…

1. Understanding Sales Bills Pending Report in TallyPrime The Sales Bills Pending report in TallyPrime provides a list of sales invoices that have not been fully paid. This report is essential for tracking outstanding payments and managing your accounts receivable. 2. Accessing the Sales Bills Pending Report in TallyPrime: 1. Go to Reports: Go to…

1. Understanding Pre-Closure of Sales Order in TallyPrime Pre-closing a sales order means marking it as completed before the actual delivery or payment is made. This can be useful in certain scenarios, such as when a customer has confirmed the order but payment is pending or when partial shipments have been made. 2. Steps to…