Tally Knowledge

How to Put Opening Balances In Tally Prime: To put opening balance in the Ledger account after creation is simple and easy. A ledger is the account head to identify the transaction, and you can use ledgers in all accounting vouchers like sales, purchase, receipt, payment, contra and journal. In this article, we will discuss … Read more

Error Solution: Difference in Opening Balances & Wrong period while passing entry in Tally Prime 2023. To solve this problem, tally prime has the feature of Verification of Balances report. It will help you check the differences in Opening Balance and even let you see the Transaction details for a Group, Subgroup or Ledger. This article … Read more

How to use bank reconciliation in tally prime: Tally prime feature of Bank reconciliation is a process that shows the balance between the bank balance recorded in the bank’s given, the organization’s bank statement and the company amount shown in the organization’s accounting records at a particular period. In this article, we will discuss in … Read more

How to Download Tally Prime, the latest edition of Tally with GST? The downloading and installation of Tally software is a fast and easy method to learn. In this article, we will download the latest version of Tally Prime. Here we will provide you with a few simple steps that will help you download Tally … Read more

How to pass payment Entry in Tally: To record Payment entry, separate vouchers are available. Payment vouchers are used to account for all the payments entries of the company done through cash or bank. The transactions can be recorded using a single entry or double entry system by altering the option setting. In this article, … Read more

How to pass journal entry in tally prime 2023? All entries that do not come under Purchase, Sales, Bank or cash voucher are registered under Journal Entry in Tally. An accountant can record even the payment transaction using a journal voucher in TallyPrime. In this Tally article, we will discuss in detail the journal voucher … Read more

How to categorise Ledgers groups in Tally Prime? After setting up your company and creating a ledgers account, the next step is to create Ledgers groups. But first, let’s understand categorising groups. Groups in Tally are collections of ledgers of the exact nature. Account groups in Tally are maintained to determine the hierarchy of Ledger … Read more

Display and Alter Ledgers in Tally: Once you have created a company in Tally, ledgers, and groups record transactions. One can display and alter these ledgers anytime. A ledger is the account head to identify the transaction, and you can use ledgers in all accounting vouchers like sales, purchases, receipts, payments, contra, and journals. In … Read more

Accounting Vouchers In Tally Prime: Users must continuously record various transactions for accounting, inventory management, and statutory compliance as a business owner. For these, business people use different vouchers such as Accounting vouchers in tally, receipt vouchers, journal vouchers, etc. In this article, we have discussed details about the various accounting voucher types in Tally Prime. … Read more

How to Pass a contra entry in tally prime? Contra entry in tally is done when the transactions involve cash and a bank account. In other words, any entry that includes both cash and bank accounts of an entity is called a contra entry. In Latin words, contra means the ‘opposite’. Contra entry is popularly … Read more

Accounting entries in Tally prime 2023: After successfully establishing and understanding tally prime. A business person can start recording his transactions as accounting entries daily. A user can record all transactions and pass accounting entries using Journal Vouchers in TallyPrime. However, there are specialised accounting voucher types for different types of transactions like payments, receipts, … Read more

Tally Prime is the latest version 2022 of Tally ERP 9 that has some advanced features. Creating Company in Tally Prime is necessary as it records all the Company’s financial transactions in it. In simple words, it’s just like how you create a book for registering your business transactions; you need to create a company to … Read more

How to pass Receipt Entry in Tally: To record Receipt entry, separate vouchers are available. Payment and receipt vouchers are used to account for all the payments and receipts entries of the company done through cash or bank. The transactions can be recorded using a single entry or double entry system by altering the option … Read more

How to create Ledgers in Tally Prime? After creating a company in Tally, the next step is to create a Groups & Ledgers account. A ledger is an actual account used to identify business transactions and are used in all accounting vouchers. For example, purchase, payments, sales, receipts, and others account heads are ledger accounts. Without … Read more

Create Cost Report in Tally Prime 2022: Users can arrange their business incomes and expenses in cost centre reporting, as per different business units, employees, projects, departments, etc. By using the Cost Centre capability in the TallyPrime feature, it becomes an easy task. Not only that, you can create more than one cost centre or … Read more

How to Export Prime Tally Data to Excel or PDF 2022? Tally Prime has a fantastic feature that helps you to not only maintain your business data but also to export tally data whenever in need. A user can export masters and transactions entry data from anywhere, even without exiting their working screen. In this … Read more

Tally Prime Data: How to Copy, Paste and Email Data in Tally Prime 2022? In tally prime, there are shortcuts available for each action. Tally Prime is accounting software used by small and medium business organisations. It does all the functions of business accounting. Tally prime is the latest version with advanced features of tally. … Read more