Step-by-Step Guide to Create Ledger and Groups in Tally (2025) Why Groups & Ledgers Matter Groups decide where a ledger appears in your Balance Sheet or Profit & Loss, while Ledgers hold the actual transaction balances. Clean grouping = clean reports, GST returns, and faster audit. Groups are categories (e.g., Current Assets, Sundry Debtors). Ledgers […]
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How to Manage GST Transactions in TallyPrime (2025) Quick Setup (Once-Only) Enable GST: F11 (Features) → Statutory & Taxation → Enable Goods and Services Tax (GST) → set State, Registration type, GSTIN. Create GST ledgers: Duties & Taxes (Type: GST) → CGST Output, SGST Output, IGST Output Duties & Taxes (Type: GST) → CGST Input,
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Bank Reconciliation in TallyPrime: A Complete Guide (2025) What Is Bank Reconciliation (BRS)? Bank Reconciliation compares your Tally bank ledger balance with the bank statement to identify timing differences and errors. In TallyPrime, you can reconcile entries manually or automatically by importing the bank statement and letting Tally match them. Catch uncleared cheques, bank charges,
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How to Record Sales, Purchase, and Payment Vouchers in Tally (Step-by-Step) Before You Start: Quick Setup Ensure your company is created and GST (if applicable) is enabled under F11 Features. Create basic ledgers: Cash/Bank, Sales, Purchase, GST Output/Input, Customer, Supplier. (If using inventory) Create Stock Items with tax rates & units. Voucher hotkeys in TallyPrime:
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Difference Between Tally ERP 9 and TallyPrime Explained (2025) Introduction: Tally’s Evolution For over a decade, Tally ERP 9 was the go-to software for small and medium businesses. However, as accounting needs evolved, Tally Solutions introduced TallyPrime — a smarter, more intuitive version designed for the modern business world. This article explains the major differences
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How to Create a Company in TallyPrime: Step-by-Step Tutorial (2025) Before You Start (Quick Checklist) Company details: Legal name, address, contact, email. Financials: Financial year start (e.g., 01-Apr-2025), books beginning date. Tax info: GSTIN, registration type, state code (if applicable). Currency: Symbol (₹), formal name (INR), decimals (2). Data path: Folder to store company data
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Top 10 Basic Accounting Concepts You Must Know Before Learning Tally Top 10 Basic Accounting Concepts You Must Know Before Learning Tally Understand the foundation of accounting before you start your Tally journey in 2025. Introduction: Why Accounting Concepts Matter Before you dive into TallyPrime and computerized accounting, it’s crucial to understand the fundamental principles
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TallyPrime Installation & Activation (2025): Step-by-Step Guide TallyPrime Installation & Activation — Step-by-Step (2025) System Requirements (Quick Check) Category Minimum Recommended OS Windows 8.1 / 10 / 11 (64-bit) Windows 11 (latest updates) CPU Dual-core i3/i5/i7 (or Ryzen) with virtualization on RAM 4 GB 8 GB or more Storage 1–2 GB free SSD with 10
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What Is Tally? Complete Introduction for Beginners in 2025 What Is Tally? Complete Introduction for Beginners in 2025 Learn the basics of Tally, its importance in accounting, and how to start your Tally journey in 2025. Introduction: Why Learn Tally in 2025? In today’s fast-paced business world, accounting accuracy and efficiency are critical. Tally —
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Understanding the Integration of SAP FICO with MM and SD Modules (2025) SAP • FICO • MM • SD • 2025 Understanding the Integration of SAP FICO with MM and SD Modules See how MM (Procure-to-Pay), SD (Order-to-Cash), and FICO interact in S/4HANA. Learn key postings (GR/IR, inventory, revenue, AR/AP), account determination (OBYC/VKOA), CO-PA profitability
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