tallyprime

🔹 What is a Unit in Tally Prime? A Unit in Tally Prime is used to measure quantity of stock items (inventory). It defines how the items are counted — for example: pieces, kilograms, liters, meters, dozens, etc. This is especially useful in inventory management , where you buy and sell items in measurable quantities. 🔹 Examples of Units: Unit Name Use For Nos Number of items (e.g., phones, chairs) Kg Weight (e.g., sugar, rice) Ltr Volume (e.g., milk, oil) Mtr Length (e.g., cloth, wire) Box Packaged items (e.g., medicine boxes) Dozen Groups of 12 items 🔹 Types of Units in Tally: Simple Unit – One single measurement (e.g., Nos, Kg, Ltr) Compound Unit – A combination (e.g., 1 Dozen = 12 Nos, 1 Box = 10 Pieces)  

  🔹 What is a Ledger in Tally Prime? A Ledger in Tally Prime is like a notebook or record where you keep the financial details of a particular account or person . Every transaction in Tally (like sales, purchases, payments) affects at least two ledgers (this follows the double-entry accounting system ). 🔹 Types of Ledgers: There are many types of ledgers , but some common ones are: Ledger Name Group Belongs To Used For Cash Cash-in-Hand Cash transactions Bank (like SBI) Bank Accounts Bank-related transactions Sales Sales Accounts Sales made by the business Purchase Purchase Accounts Items purchased Capital Account Capital Account Owner’s investment Drawings Capital Account Money withdrawn by owner Sundry Debtor Sundry Debtors Customers who owe you money Sundry Creditor Sundry Creditors People you owe money to (suppliers) 🔹 Example: Suppose Adarsh buys a phone from Reyansh for ₹20,000 . You’ll need these ledgers: Reyansh (as a seller) – Under Sundry Creditor Mobile...

  🔹 What is Company Creation in Tally Prime? Company Creation in Tally Prime means making a new company profile in the software where you can store and manage all your business accounting data. Just like a file or folder on your phone or computer, a "Company" in Tally is a separate space where: All your accounts (sales, purchases, ledgers), Inventory (stock), Tax details (GST, VAT), and Financial reports are saved. 🔹 Why is Company Creation Important? Without creating a company in Tally, you can’t start entering data like vouchers, stock, ledgers, etc. It’s the first step when using Tally. 🔹 Information Required to Create a Company: When you create a company, you need to enter: Company Name Mailing Address State (for GST) Country Financial Year Beginning From Books Beginning From GST Details (optional) 🔹 Steps to Create a Company in Tally Prime: Open Tally Prime On the home screen, click on "Create Company"...

🔹 What is Tally Prime? Tally Prime is a popular business accounting software developed by Tally Solutions Pvt. Ltd. It is mainly used by small and medium-sized businesses to manage their accounts, inventory, taxes, and finances. 🔹 What Can You Do with Tally Prime? Tally Prime helps businesses manage: Accounting – Record all financial transactions like sales, purchases, payments, receipts, etc. Inventory Management – Track stock items, stock levels, and stock movement. GST Compliance – Generate GST invoices and file GST returns easily. Payroll Management – Manage employee salary, attendance, and deductions. Banking – Handle cheques, bank reconciliation, and online payments. Financial Reports – Generate reports like balance sheet, profit & loss, cash flow, etc. 🔹 Why Use Tally Prime? Easy to use (user-friendly interface) Fast and reliable GST-ready and legally compliant Available in multiple Indian languages Cost-effective for small bus...