Financial Management in Tally Prime Every Business has its objectives and goals. It must have an efficient mechanism to set its targets and appraisal of achievements in respect to the target. To exercise the important management controls, Tally provides several management tools like: Financial Budgets in Tally Prime Budgets are Future plan and tools for…
Category: Tally
Company Preference Share Capital Accounts
Company Preference Share Capital Accounts Company Preference Shares Company Preference Shares have priority in regard to payment of Dividend and Repayment of Capital before the payment to equity shareholders. Types of Company Preference Shares b. As per Profit participation: c. As per Convertibility into Equity Shares: d. As per Repayment of Capital: ii. Irredeemable Preference…
Partnership Firm Amalgamation Accounts
Partnership Firm Amalgamation Accounts Amalgamation of Partnership Firms Two or more firms may be amalgamated to take over the business of these firms. In this case amalgamated firms will dissolve and their accounts will be closed. New accounts will be opened in the books of new firm. The following procedure will be adopted to close…
All latest features of Tally Prime Accounting Software
Tally Prime 4 Excusive New Features The new Tally Prime 4 released on 12th Dec 2023, in quick succession to Tally Prime 3, boasting some grand features for users. Here we give a brief snapshot of these new features so that users may find how to reap the benefits of added advantages offered. Though there…
Practical Assignments – GST Accounts – Tally
Practical Assignments : GST Accounts–Tally The Practical Assignments-Tax Accounts- covers Basic tasks of Maintaining GST Accounts, from set up, Data Entry to GST Reports, in Tally Prime Rel 3.x. This assignment is in continuation to Practical Assignments of Basic Financial Accounting & Basic Invoicing & Inventory Accounts. Maintain GST Accounts in the same Company…
Tally-Prime-R3-Download-Installation-Company-creation
Download Tally Installation Set Up File -Tally Prime Rel 3 Create Company in Tally prime Rel 3 in a new folder,Thus, you will be able to work with Tally Rel 3 with new Company, and work for older Company with older version of Tally. Set Financial Year Beginning from date 7. Save the created Company…
Payroll System Overview of Tally Accounting Software
Payroll System Overview of Tally Accounting Software Payroll System in Tally maintains Pay related data of Employees, Pay Computation, Statutory Deductions, Statutory Returns etc, The Employer must compute all statutory deductions, under respective statutory rules, Taxable salary, I Tax computation & TDS under Income Tax. The employer should deposit the Amount to…
TCS Accounts System Overview of Tally Accounting Software
TCS Accounts System Overview of Tally Accounting Software Tax Collected at Source (TCS) TCS (Tax Collected at Source) : TCS is the Income Tax that a seller collects from the buyer during the sale of specific goods (lie Timber, tendu Leaves etc.) or contract (like Lease/License for Parking Lot, Toll Plaza, Mining, Quarrying etc.). The collector…
