Last Updated on: 16th May 2025, 11:05 am
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 managing business & industry in a planned manner. Budgets are usually set up in the light of past experience after considering the changes that are expected to occur in the future.
Tally provides tools to set up independent Budgets for Account Groups, Ledger Accounts & Cost Centres, with an efficient reporting and analysis of Actuals, Budgets & Variances.
Financial Scenarios in Tally Prime
Scenarios are Financial Models to evaluate What If situations by emulating various hypothetical scenarios.
Tally provides innovative method of creating flexible scenarios with dormant vouchers to emulate Scenarios of any conceivable situation, evaluate each scenario and re model s per changing situations
Business Performance Analysis in Tally Prime
Tally provides Key Financial Ratios give snapshot of all key Financial Ratios & figures at a keystroke
Tally provides one screen dash board showing all ke Financial Ratios for quick glance to evaluate the performance of the Company.
Cash Flow & Funds Flow Statement in Tally Prime
Cash & Funds Flow statements help to evaluate the liquidity position and manage Working Capital efficiently
Though Tally does not provided Cash Flow and Funds Flow as we know from accounting books,
Cash Flow Statement in Tally Prime
Tally provides a report termed as Cash Flow statement showing the periodical Cash Inflows & Outflows to quick locate periodical Cash shortfalls and idle Cash for better and efficient Cash Management.
Funds Flow Statement in Tally Prime
Similarly, Tally provides a Report called Funds Flow statements showing Working Capital positions for better Financial Management.
Cash Flow Projections Statement in Tally Prime
Cash Flow Projections show adequacy of available Cash (Cash and Free Bank Balance / OD Limit) to meet the Cash Payment Liabilities (Payables) in time, to avoid payment defaults.
Tally provides a comprehensive report of Cash & Bank Balances, Overdrafts, Cash receivables & payables and available Fund, or better Cash planning and management.
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