Tag: Business Accounting

  • Step-by-Step Guide to Multi-Currency in TallyPrime (Export, Import & Forex Gain/Loss)

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    by

    Himanshu
    in ,

    🌍 Multi-Currency Transactions in TallyPrime 🔹 Step 1: Enable Multi-Currency Feature 🔹 Step 2: Create Currencies Repeat for other currencies (Euro, Pound, etc.). 🔹 Step 3: Create Ledger Accounts 🔹 Step 4: Record Multi-Currency Sales Voucher (Example 1: Export Sales) Scenario: 👉 You sold goods worth $1,000 to ABC Inc. (USA).👉 Exchange Rate: 1 USD…

  • Comprehensive Guide to Sales Order Management in Tally ERP 9

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    Himanshu
    in

    Let’s walk through the stages and voucher entries in the sales order process in Tally ERP 9: 1. Sales Order: Definition: A sales order is a document issued by a seller to a buyer, confirming the details of the products or services the buyer intends to purchase. Steps to Create a Sales Order in Tally…

  • Mastering Inventory Management in Tally ERP 9

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    Himanshu
    in

    Managing inventory information in Tally ERP 9 involves creating and organizing stock groups, stock categories, stock items, units of measurement, godowns, batch numbers, and recording stock transactions. Here are detailed steps along with five practical examples: Steps for Managing Inventory Information: Step 1: Creating Stock Groups Step 2: Creating Stock Categories Step 3: Creating Stock…

  • Mastering Voucher Entry in Tally ERP 9

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    Himanshu
    in

    In Tally ERP 9, voucher entry is the process of recording financial transactions such as payments, receipts, sales, purchases, journal entries, contra entries, debit notes, credit notes, and payment advices. Here’s how to do voucher entry in Tally ERP 9: Steps to Perform Voucher Entry: Enter Voucher Details: Save the Voucher: View or Print Vouchers:…

  • Ledger Creation Examples in Tally ERP 9

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    Himanshu
    in

    In accounting, a ledger is a principal book or record where all financial transactions of a business are recorded. It is essentially a collection of accounts, each representing a specific aspect of the business’s financial activities. Ledgers serve as the foundation for preparing financial statements and analyzing the financial health of a business. Components of…

  • Tally.ERP 9: Introduction and Installation Guide

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    by

    Himanshu
    in

    Introduction to Tally.ERP 9: Tally.ERP 9 stands as a robust business management software solution meticulously crafted to streamline and automate various financial and accounting processes across businesses of diverse scales. Developed by Tally Solutions Pvt. Ltd., Tally.ERP 9 has gained widespread acclaim globally for its user-friendly interface, extensive features, and scalability. With Tally.ERP 9, businesses…