What is Accounting? In Simple words, Accounting means recording the day-to-day transactions of a business. Need of Accounting? Most of the business activities are done to get profit from the business. We regularly see how much profit we have gained from our business. To know how much profit we have gained from our business we record all day-to-day business transactions. What is Accounting Software? Accounting software is used to maintain all day-to-day business transaction re

Easily and quickly close the books of accounts of a financial year, and move your company data to the next financial year. You can achieve this in multiple ways in TallyPrime. Handling your tax liability or input credit when company data is split at the beginning of the new financial year is also simplified in TallyPrime. Click on the link to watch the video: https://youtu.be/aVVbePMC2Hg A. Change Current Period To move your data to the new financial year, change the current

Introduction Tally has always strived to make every user’s life easy by providing the best solutions to make business owners more efficient, empowered, and happier, so they can focus on what matters most for their business. By automating your business with Tally not only do you have software that understands you and simplifies your life but is a joy to use as it absorbs all complexities and allows you to focus on running your business better. TallyPrime: An Overview TallyPrim

What are e-invoices under GST? e-Invoice known as ‘ Electronic invoicing ’ is a system in which all B2B invoices  are electronically uploaded and authenticated by the designated portal . Post successful authentication, a unique Invoice Reference Number (IRN) is generated  along with a QR code that needs to be printed on the invoice. Why e-Invoicing is introduced? Today, there are hundreds of accounting/billing software that generate invoices and all of them have their own

1st August 2023 , businesses whose turnover is ₹5 crores  and above in any of the preceding 3 Financial Years will be required to issue e-invoices for all business to business (B2B) and business to government (B2G) transactions. e-Invoicing is a new norm that requires businesses to upload and get the invoices authenticated by the invoice registration portal (IRP) with an IRN and QR code. Today, businesses use different accounting/business management software and invoicing uti