Month: February 2021

Creating a Current Liabilities / Assets Ledger in TallyPrime Accounting Software

Accounts like Outstanding Liabilities, Statutory Liabilities and other minor liabilities can be created directly under Current Liabilities and Assets can be classified as Current assets and Fixed assets. A ledger is the actual account head to identify your transactions and are used in all accounting vouchers. For example, purchase, payments, sales, receipts, and others accounts …

Creating a Current Liabilities / Assets Ledger in TallyPrime Accounting Software Read More »

Units of Measurement (UQC) in TallyPrime

The main concept of Trading activities are receipt of goods and delivery of goods. We generally call them PURCHASE or SALE  activities. The trading items can be RAW MATERIAL, FINISHED GOODS, SEMI-FINISHED GOODS, etc. For better Organization you can use the group and sub-group for classification of the trading item. Inventory Master from Chart of …

Units of Measurement (UQC) in TallyPrime Read More »

Creation of Stock Items with GST Setup in TallyPrime Accounting Software

The main concept of Trading activities are receipt of goods and delivery of goods. We generally call them PURCHASE or SALE  activities. The trading items can be RAW MATERIAL, FINISHED GOODS, SEMI-FINISHED GOODS, etc. For better Organization you can use the group and sub-group for classification of the trading item. Inventory Master from Chart of …

Creation of Stock Items with GST Setup in TallyPrime Accounting Software Read More »

Creating / Modifying & Deleting Stock Group in TallyPrime Accounting Software

The main concept of Trading activities are receipt of goods and delivery of goods. We generally call them PURCHASE or SALE  activities. The trading items can be RAW MATERIAL, FINISHED GOODS, SEMI-FINISHED GOODS, etc. For better Organization you can use the group and sub-group for classification of the trading item. Inventory Master from Chart of …

Creating / Modifying & Deleting Stock Group in TallyPrime Accounting Software Read More »

GSTR -2 Report in TallyPrime Accounting Software

GSTR-2 report includes the details of all inward supplies (Purchase) made in the given period. The inward supply (Purchase) details include B2B invoices to registered and unregistered dealers, import of goods and services, adjustments to purchases in debit/credit notes, nil rated invoices, advances paid and adjusted, and tax credit reversed or re-claimed. Note: GST council …

GSTR -2 Report in TallyPrime Accounting Software Read More »

GSTR -1 Report in TallyPrime to upload in GST Portal

TallyPrime provides various GST Reports to File GST Returns very smoothly with 100% accuracy. GST Return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government). Here is …

GSTR -1 Report in TallyPrime to upload in GST Portal Read More »

GST Annual Computation Report in TallyPrime

The GST Annual Computation report provides you with a brief view of business transactions recorded during the financial year.  The Tax Liability and Input Credit from all the vouchers included in the annual computation is displayed here along HSN/SAC details for outward and inward supplies. How does this Annual Computation Report help in Filing Annual Returns GSTR-9 ? GSTR-9 …

GST Annual Computation Report in TallyPrime Read More »

TDS (Tax Deducted At Source) in TallyPrime Accounting Software

You can enable the Tax Deducted at Source (TDS) feature in TallyPrime, provide surcharge details, and create the masters required to record transactions. 1.    Enabling TDS in TallyPrime 1.         Press F11 (Features) > set Enable Tax Deducted at Source (TDS) to Yes.If you do not see this option: Set Show more features to Yes. Set Show all features to Yes. 360 2.            Enable the option Set/alter TDS …

TDS (Tax Deducted At Source) in TallyPrime Accounting Software Read More »

Splitting Company Data in TallyPrime Accounting Software

This topic lists out the prerequisites for splitting company data and how to split company data based on financial years. Before splitting the data, the user must ensure the following important points: (A).        The company data is verified to ensure that no errors occur during splitting using the Verify Company Data option because Verify Company …

Splitting Company Data in TallyPrime Accounting Software Read More »

Call me...
Scroll Up
error: Content is protected !!