Category: Intermediate

1. Understanding Profitability Analysis in TallyPrime To analyze the profitability of your sales in TallyPrime, you can combine the Sales Register with other reports to calculate and display profit margins. 2. Steps to Analyze Profitability in Sales Register in TallyPrime: 1. Generate Sales Register: 2. Calculate Cost of Goods Sold (COGS): 3. Calculate Profit: Subtract…

1. Understanding the Extract of Sales Register in TallyPrime The Extract of Sales Register in TallyPrime is a specialized report that allows you to view a specific subset of your sales data based on defined criteria. It’s particularly useful for analyzing sales performance within a particular timeframe or for specific customers or products. 2. Accessing…

1. Understanding Columnar Sales Register in TallyPrime The Columnar Sales Register in TallyPrime is a customizable report that allows you to view sales data in a tabular format with specific columns. You can choose which columns to include and their order, making it a flexible tool for analyzing sales performance. 2. Key Features of Columnar…

1. Understanding Proforma Invoices in TallyPrime A proforma invoice is a preliminary document that outlines the terms and conditions of a proposed sale or service. It’s often used to provide potential customers with an estimate of the cost and to secure orders. While not a legally binding document, it serves as a reference for both…

1. Understanding Ledger Descriptions in TallyPrime In TallyPrime, ledger descriptions provide additional context and information about specific accounts. You can customize ledger descriptions to include details that are relevant to your business. 2. Steps to Add Additional Descriptions in Ledger in TallyPrime: 1. Go to Ledger Masters: Go to Gateway of Tally > Alt+M (Master)…

TallyPrime allows you to add custom descriptions to stock items beyond the basic name and description fields. These additional descriptions can provide valuable information for inventory management, sales, and reporting. 1. Steps to Add Additional Descriptions to Stock Items in TallyPrime: 1. Go to Inventory Masters: Go to Gateway of Tally > Alt+M (Master) and…

1. Understanding Declaration/Terms & Conditions in Sales Invoice in TallyPrime The declaration or terms and conditions section of a sales invoice typically includes important information such as: 2. Steps to Change Declaration/Terms & Conditions in Sales Invoices in TallyPrime: 1. Go to Voucher Types: Go to Gateway of Tally > Alt+F1 (Voucher Type). 2. Select…

1. Understanding Bank Details in TallyPrime Printing bank details on sales invoices can be helpful for customers to make payments efficiently. In TallyPrime, you can configure the invoice layout to include your bank account information. 2. Steps to Print Bank Details in TallyPrime: 1. Go to Voucher Types: Go to Gateway of Tally > Alt+F1…

TallyPrime allows you to customize various aspects of sales vouchers to suit your specific business needs. By using the F12 configuration option, you can modify fields, add custom fields, and change the overall layout of sales vouchers. 1. Key Configuration Areas for Sales Vouchers in TallyPrime: 1. Voucher Type Settings: 2. Bill-wise Details: 3. Print…

Double-entry accounting is the standard method used in TallyPrime. It requires that every transaction has a corresponding debit and credit entry, ensuring the accuracy and balance of your accounts. Sales in Double Entry Mode When you record sales in TallyPrime using the Sales voucher type, you’re essentially using double-entry accounting. 1. Steps to Record Sales…