Category: Intermediate
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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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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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Receipt Note for Goods Received in TallyPrime: 7 Steps + Example
In TallyPrime, a Receipt Note is used to record goods received from a supplier. It serves as an acknowledgment that goods have been received but does not immediately update the inventory stock or accounts until it is linked to a Purchase Invoice. Here’s a detailed guide on how to record a Receipt Note in TallyPrime,…
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Purchase Order – All Orders Pending in TallyPrime: 3 Simple Steps
1. Understanding Pending Purchase Orders in TallyPrime A pending purchase order is an order that has been placed but not yet fully or partially received. This report provides a comprehensive list of all outstanding purchase orders, helping you track and manage your procurement process effectively. 2. Accessing the Purchase Order – All Orders Pending Report…
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Ledger Purchase Order Outstanding in TallyPrime: 3 Easy Steps
1. Understanding Ledger Purchase Order Outstanding in TallyPrime This report provides a detailed view of purchase order outstandings, specifically grouped by ledger or supplier. This allows you to analyze outstanding orders for individual suppliers and understand their performance. 2. Accessing the Ledger Purchase Order Outstanding Report in TallyPrime 3. Analyzing Ledger Purchase Order Outstanding Report…
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Purchase Order Outstanding – Stock Item in TallyPrime: 3 Steps
1. Understanding Purchase Order Outstandings – Stock Item in TallyPrime A purchase order outstanding refers to the portion of a purchase order that has not yet been fulfilled or received. By analyzing outstanding orders at the stock item level, you can gain valuable insights into your inventory management and procurement processes. 2. Accessing the Purchase…
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Purchase Order Outstanding – Stock Group in TallyPrime: 3 Steps
1. Understanding Purchase Order Outstandings in TallyPrime Purchase order outstanding refers to the portion of a purchase order that has not yet been fulfilled or received. By grouping these outstanding orders by stock group, you can gain valuable insights into your procurement process and inventory management. 2. Accessing the Purchase Order Outstanding – Stock Group…
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Purchases with Trade Discounts in TallyPrime: 5 Steps + Example
1. Understanding Trade Discounts in TallyPrime: A trade discount is a reduction in the list price of a product or service offered by a seller to a buyer. It’s typically used to incentivize bulk purchases or long-term relationships. 2. Steps to Record a Purchase with a Trade Discount in TallyPrime: 1. Create a Purchase Invoice:…
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Use Less Paper Space in TallyPrime: 5 Steps + Example
TallyPrime offers several features to minimize paper usage during printing. Here are some effective techniques: 1. Compact Print Format in TallyPrime: 2. Print Selected Vouchers in TallyPrime: 3. Customize Print Reports in TallyPrime: 4. Electronic Document Management in TallyPrime: 5. Consolidated Reports in TallyPrime: 6. Example of Reducing Paper Space Usage in TallyPrime: Let’s say…
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Standard Cost for Stock Items in TallyPrime: 3 Steps + Example
In TallyPrime, setting a Standard Cost for stock items is useful for maintaining consistency in cost tracking, especially when prices fluctuate. By specifying a standard cost, you create a benchmark cost that assists with comparisons between actual costs and the standard reference cost, aiding in analyzing cost variances and maintaining control over inventory expenses. 1.…