A lot of people do not have sufficient knowledge about Tally ledger or group and end up practicing bad accounting methods. A ledger is just a book which contains all the details of the debit and credit of a company.
Tally.ERP9 is the most comprehensive accounting software which deals with literally any business operation and has been used by companies all over the world. It has almost created a single universally acceptable format of maintaining accounts. Several features are continuously being added to Tally for empowering companies to better manage their accounts.
Tally Ledger & Group
Tally is just a form of accounting in a digital format and thus a book which contains all the details of debt and credit is considered to be the Tally Ledger. Bank OCC A/c, Bank OD A/c, and Branch / Divisions are the ledger accounts in Tally which together constitute the group as well.
For example, let’s say that you are checking your account and trying to figure out the total expenses and incomes of your business. You go through the indirect expenses. In this context, the indirect expenses will constitute the ledger in Tally.
However, if you want to look at the indirect expenses in detail like expense wise information then your indirect expenses will constitute a group in Tally. In order to access the different types of groups in Tally you can go to accounts Info from Gateway of Tally. Next, you should select Groups and under single group or multiple groups click on Display. You will get the list of all the groups.
The list of ledgers required by a company whether just started or a decade old may include Direct Expenses, Direct Incomes, Duties & Taxes, Cash-in-Hand, Current Assets, Current Liabilities, Income (Direct), Income (Indirect), Indirect Expenses, Indirect Incomes, Investments, etc. Similarly, the groups may include fixed assets (building), current assets (accrued income), stock in hand (closing stock), etc.
Tally.ERP9 Advantages
You can systematically maintain your books of account which can be understood by any tax consultant or account expert throughout the world. It also helps you to secure your data with encryption and perform day to day business operations with ease.
Its simple user interface makes it very easy for your staff to make entries regularly and also gives you administrative rights for correcting the errors made by your staff. In short, Tally is a good accounting software which eliminates human errors!
]]>Multiple tax invoice creation can be a bit tricky. But it is needed for all kinds of businesses. Many a time we want to sell various types of products which have different GST for each one of them.
So if you need to calculate and generate an invoice on which there will be multiple items having different values of GST, then there is an easy way in which you can do it with the help of Tally.ERP 9. Take a look.
How to Create Stock Items in Tally along with GST?
To generate stock items with the different value of GST or in simple words to create multiple Tax invoice in GST we will follow the following steps, take a look –
Thus in this way, one can create multiple tax invoice in tally with GST. Each of the items in the invoice will have a specific GST of its own that will be independent of the rest of the products.
Now that you know how to do it try it yourself in the latest Tally.ERP 9 software. This article will provide you with a step by step guide on how to get the feature and generate the right multiple tax invoice without wasting much of your time. See how your business blooms.
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Back office automation is the key to smooth management of various companies whether small or big. A customer relationship management or enterprise resource planning software is used by firms to automate tasks and perform better business operations with a reduced human error.
However, choosing the right ERP or CRM platform is essential as it largely affects the success of your business. So what should you be looking for while making a purchase? Read below to find out what areas you should focus on while choosing a CRM/ERP software:
Top Desirable Features for Mitigating Risk
Choosing Vendor: You need to select the vendor who is ready to work closely with you in providing real-time CRO or ERP solutions as per your requirements rather than just enabling technology. Read client testimonials to gauge how much a vendor can help you in leveraging the software benefits to earn more profits.
Studying Problems: Before you buy a package it is highly essential to map out all the problems being faced currently by your company. A CRM or ERP package that addresses all of your concerns is the right software that you need otherwise you are only going to waste your money.
Flexibility: In competitive business environments employees need access to the software on the go and in multiple devices to update data regularly. Thus, CRM or ERP package should not just be built for a PC. It should be compatible with most of the handheld devices for ease of use. Furthermore, the package must work smoothly with no lag.
Reviews: Study the vendor and the package offered carefully before deciding. Nowadays you can find many online journals and forums where companies review their CRM package experience and give an in-depth analysis of how it helps them. Moreover, if you have any doubt regarding these packages then you can simply post your queries on these platforms.
What’s the advantage of using CRM or ERP Packages?
CRM systems can help you to identify the most profitable customers and the most likely ones who may purchase your products. The recent CRM solutions come with tools that help companies in tracking successful marketing campaigns. It also helps in targeting and anticipating customer expectations.
Moreover, you can also modify your sales tactics at the right time and strategize your approach for improving overall customer satisfaction. CRM or ERP package is a must-have software for any company!
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Since the start of GST in all the goods are you confused regarding how to deal with it? Well, Tally.ERP 9 will help you out with your business, with the help of GST classification feature one will be able to record all the GST related details including the rate of GST, the SAC, and HSN.
So you can use the updated GSTY details in future just at the click of a mouse. Want to see how you can do GST classification? Then keep reading.
How to do a GST Classification in Tally?
It is as simple as the creation of an accounting voucher with the help of tally. For its production the GST classification needs to be enabled, the following can do that–
So after enabling it, you can create it quickly with the help of following steps –
That’s all. The GST classifications in Tally will be done. From now onward you can click the GST option, and the tax will automatically be applied on the bill or the calculations. Once the classifications are updated, they will remain as it is and you will not have to perform any lengthy operations. So this is how one can do GST classification in tally and save all the time as well as effort.
]]>A customer relationship management software has transformed the way companies conduct business. It has truly lead to more efficient operations and reduced human errors. There are plenty of vendors that can provide you a CRM software and thus sometimes organizations struggle to get a clarity of what sort of CRM software they should go for. Worry no more as here is a quick guide for you!
Features you must look out for:
User Experience: Remember that your staff is going to use the software every day so you must pay great attention to the UI of the software. It must be easy to use so that even the lowest level employee of your company can operate the software when needed.
Data Analytics: Whichever CRM you choose it must provide you with real insights to filter out the prospective customers from the least interested ones. A right data interpretation can help you strategize your business accordingly to scale up profits and boost sales.
Customization: A CRM software should be capable of being customized as per the company’s needs. This is essential because market trends do not remain static and the business strategies need to be changed from time to time in order to stay ahead in the industry. Moreover, the software must function smoothly even after multiple customizations are made.
Social Media: A well-integrated CRM platform can give insights into what people are talking about your company on the internet. Facebook and Twitter are the best places to take feedback of your company and you can derive insights from the data collected by the software to improve your business. Hence your CRM software must be easy to integrate with social media.
Accessibility: Your CRM software involves a lot of data storing and retrieving. The limitation arises when you can only use it in one place. Clouse based CRM software eliminates any sort of limitations and the software can be accessed from remote locations making it more convenient and enhancing its accessibility.
Other Important Features
A mobile access to the CRM software will help the salespersons close deal on the go by entering information in handheld devices. Thus, such features give your employees more power to manage prospective customers faster.
Furthermore, your CRM software must be economical, efficient and brilliantly compatible with various devices. Your software should not just be used to monitor only sales but also to increase it through valuable inputs.
]]>Do you want to keep all the purchase and sales voucher in the Tally software according to the actual bills? There’s an option included for that as well. The Maintain bill wise details feature will aid you a lot, no matter whatever business you do. Wondering how this is going to be helpful for your business?
This Tally.ERP 9 feature will help you track all the details regarding any of the previous voucher entries. Which means you can check out the credit purchases or the credit sales to gather valuable knowledge regarding a particular bull or voucher.
Steps to Maintain the Bill-wise Details in Tally.ERP 9 along with GST
To explain this properly let us assume we are selling a computer to a person at 25,000 rs and the GST applied to it is 18%. So we need to make a sales entry and also maintain the bill wise details in the tally software. The steps are –
After this has been done, one can easily track the created bill in the tally. The steps for tracking are –
Once you complete these steps, you will be able to check the outstanding amount bill wise. So this is how you can maintain bill thoughtful details and at the same time check them out whenever you want. All the details will be inclusive of GST, and you won’t have to do any manual calculations because of that. This is why tally.ERP 9 is the best option when you want to maintain every transaction.
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Tally.ERP9 has been used by both big and small companies across the world and it is regarded as the best accounting software in the world. It is powerful enough to handle various types of transactions that occur in a business. It is essentially a software package that performs all of your accounting work and fulfills all of your needs in inventory management, stock management, purchase order management, invoicing, discounting, stock valuation methodology, etc.
It helps you to report your company’s financial transactions in a format that is universally accepted. You may also integrate various enhancements or customization to suit your business. Need to know top features of this updated version of the software? keep reading.
Top Features Tally.ERP9
The New Update Advantage
Tally Vault has been improved for better encryption of data so that it can be accessed only by the people you choose. The latest version of the package is almost impossible for anyone to break the password. Additionally, the package is very easy to install alongside supporting multi-users, internal backup, and importing or exporting of tally data, etc. These are some of the most unique features of the latest update.
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There are a lot of benefits for the people that use ERP. ERP can cause a company to grow in no time; there are so many things one can do with ERP software like improving the level of service, reducing the operational cost, reduce the error level by a considerable margin and so on. However, there are some mistakes which people make while implementing ERP. What are the mistakes? Why must you avoid them? Curious to know? Keep reading.
The 10 Worst ERP Implementation Mistakes
So now you know what the 10 worst ERP implementation mistakes that you must avoid are. Tally.ERP 9 is impressive but be careful not to make the mistakes.
]]>With the successful implementation of GST and continuous improvements in the accounting of movement of goods and services, India is moving towards a more organized economy. The govt. has also made it mandatory to generate E–Way bills for inter-state and intra-state movement of goods.
Essentially, an E–Way Bill must be carried by a person while transporting goods that are valued more than Rs.50,000.00. This valuation may be on a single invoice or a sum of multiple invoices carrying the same destination and belonging to the same cargo.
How does Tally.ERP help to generate or manage e-Way Bills?
Tally.ERP 9 helps in a lot of ways that you cannot even fathom. It essentially captures information that is necessary at the required instance when you are in the process of generating an e-Way bill for the goods. The reason why Tally is used for generating e-Way Bill is the easy set up that enables you to do this task quickly.
In case you want to generate an e-Way Bill you need press F11 then F3 and move on to the GST Details section. Here you can manage a lot of settings that include limiting the amount for transactions or applicable date for starting e-Way bill generation. The software follows the settings done based on which the transactions are made eligible for e–Way Bills by Tally.ERP9.
After successful creation of e-Way bill in Tally, you may need to manage it on the software. The purpose of managing e-way bill could be many like the need to modify E–way bill after entering incorrect data, exporting e-way bill because of not being uploaded on the portal, and for collecting all the information about e-Way bills, total amount and other related important information.
Tally.ERP 9 Advantage
There are mainly 3 options available in the Tally software for either updating details, exporting the bills or studying its details. These operations can be performed with ease thanks to the intuitive user interface of the latest version. There are millions of goods being moved throughout the country every day and it becomes very difficult for the government to monitor it without proper compliance of the guidelines by the companies.
Therefore, it is a good practice to systematically generate the 3-Way bills as per the law and involve yourself in a legal movement of goods in the country. The Tally software package empowers you to do the same work in less time and effort.
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Many times we choose business software without doing much research on it. After a few days, we realize how we have chosen the wrong software for our entire business, and that puts our company in imminent danger. To avoid these kinds of situations, we must always check properly the business software we are opting for.
One safe and sound choice is Tally.ERP 9. With the fantastic features, it has got to offer there is no doubt that you have chosen the right software. However, first, we will take a look at how the wrong software can cost you heavily.
Dangers of the Wrong Software
So now you know how the wrong software can affect you in ways. Switch to Tally.ERP 9 today and get the best user experience and run your business smoothly with increased returns and profits.
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