Category: Intermediate

TallyPrime allows users to create and modify GST classifications based on HSN (Harmonized System of Nomenclature) for goods and SAC (Service Accounting Code) for services. By setting up GST classifications, businesses can apply the correct tax rates, reduce manual errors, and simplify GST return filing. 1. Why Use GST Classifications in TallyPrime? 2. How to…

In TallyPrime, the GST Return Effective Date allows businesses to specify the date from which GST details should be considered for GST returns. This feature ensures that transactions before a particular date are not included in the GST reports, making compliance and tax filing more accurate. 1. Why is the GST Return Effective Date Important?…

In TallyPrime, the Effective Date for changes to GST details in masters ensures that modifications in GST-related information, such as GSTIN, tax rates, or registration types, take effect from a specific date without affecting past transactions. This feature helps businesses comply with GST regulations while maintaining accurate financial records. 1. Why Use the Effective Date…

Managing your GST profile in TallyPrime ensures that all GST-related transactions comply with tax regulations. It involves configuring GST details for your business, updating GST rates, and maintaining tax-related records systematically. Step 1: Enable GST in TallyPrime 1. Open TallyPrime 2. Enable GST Press Ctrl + A to Save the settings. Step 2: Configure GST…

Setting up Connected GST in TallyPrime involves integrating your TallyPrime software with the GST system for seamless GST filing and compliance. Connected GST allows you to generate GST returns, file them online, reconcile GST data, and ensure compliance with the GST Network (GSTN). 1. Steps to Set Up Connected GST for Your Business in TallyPrime…

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…

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…

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,…

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…

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…