Bill Allocation in Tally Prime is a powerful feature that enables businesses to efficiently track and manage payments against specific invoices, ensuring accurate accounts receivable and payable reconciliation. Unlike simple receipt or payment entries, bill allocation links transactions to individual bills (sales or purchase), preventing mismatches and supporting precise aging analysis. This is especially vital […]
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A Trial Balance in Tally Prime is a crucial financial report that summarizes the balances of all ledger accounts at a specific point in time, ensuring the accuracy of bookkeeping by verifying that the total debits equal the total credits. It serves as a foundation for preparing financial statements like the Balance Sheet and Profit […]
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Do you want to know about the chart of Accounts in Tally Prime? If yes, then this article can be of great help for you. All these accounts are categorized under a separate category on the basis of their nature and purpose. Tally Prime comprises 28 predefined groups where there are 15 primary groups and […]
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Purchase entry in Tally Prime is an important concept. This article can prove to be a great solution to you if you have confusion regarding the process to handle the purchase entry in Tally Prime. There are some easy processes to handle all the purchase entries in Tally Prime. Purchase entry in Tally Prime is […]
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Managing the entire company’s financial data, and accounting data is not an easy task. Instead it’s a big challenge for the accountants. In such a scenario, application of MIS in Tally Prime can prove to be a blessing for you. However, all the businesses that make use of Tally for them make the task easier. […]
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Students often get confused about which software is better for them: Tally Prime or Tally ERP 9. Tally Prime vs Tally ERP 9 comparison can make their conception clear which software they should choose. Some features of Tally Prime are quite better than Tally 9 so, you must choose the best option that can make […]
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