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How to Enable the Feature for Payroll Entry in Tally
Payroll creation is an essential feature in Tally accountancy software, widely used by most small businesses. It helps generate accurate pay slips and maintains the pay records of all the employees. Payroll creation in Tally ERP 9 also assists in calculating various statutory deductions and contributions. Tally ERP 9 has payroll creation features to simplify…
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Difference Between Tally ERP 9 Vs Tally Prime
Even though Tally ERP 9 became India’s most popular accounting software, the developers were not ready to settle for it. Tally Solutions released the cloud-based state-of-the-art version Tally Prime in 2020. The major highlight of Tally Prime was it could be deployed even on the cloud. Developers have tried to keep the functioning of Tally…
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Step By Step Interest calculation in Tally (Simple & Advanced Mode)
Calculating interest is a part of day-to-day accounting for any organization. Accurately calculating interest for multiple accounts is a tedious task that could consume most of an accountant’s day. That’s where Tally comes to the rescue. Interest calculation in Tally is one of the main functions. Accurately calculating interest for multiple accounts is a tedious…
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How to Record Sales & Purchase Entry in Tally with GST
Sale and purchase are the most common entries in accounting. Recording transactions accurately is essential because most government regulations, taxation compliances, and accounting standards are based on business sales and purchase volume. For example, businesses are liable for Tax Audit under section 44AB when sales receipt is more than one crore in a financial year.…
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When & How to Use Tally Shortcut Keys List
Tally is India’s most popular accounting software due to its simplicity. Accountants prefer Tally over other software because of its user-friendly interface, quick navigation, and easy data entry. These tally shortcut keys play a critical role in the user-friendliness of the software. When to Use Tally Shortcut Keys? Tally Prime shortcut keys are those combinations…