It is a good practice for a business to monitor the credit limits of customers and suppliers. This helps in managing the receivables and payables of a business in a better way. Credit limit is normally set based on the credibility, volume of transactions, capacity of repayment etc. of the…
Did you know that you can start Tax Deduction at Source from the First Rupee ignoring the Exemption limit of the required Nature of Payments for a deductee. As per Income Tax rules Tax needs to be deducted at source on crossing the exemption limit. However, TDS needs to be…
Did you know that you can E-Mail Pay Slips to all the employees at the click of a button? To E-Mail the Pay Slips to all Employees Go to Gateway of Tally > Display > Payroll Reports > Statements of Payroll > Pay Slip Select Multi Pay Slip and press…
You can export data or report from Tally.ERP 9 in any one of the standard available formats. You can select the required format before exporting the data and based on the format selected you need to specify the resolution, page size and formatting. You can also export the data in…
Scenario management is a management tool that enables different displays of accounts and inventory related information, by selectively including certain types of vouchers without affecting the source data. It is useful in generating provisional reports, where entries are not actually made in the main books. It is also a useful…
Tally ODBC extracts data from Tally and designs the reports in MS Excel. The steps to be followed are: Enable ODBC in Tally Start Tally and keep it open till the Mail Merge process is completed. Ensure ODBC Server is displayed on Tally’s calculator pane. Open MS Excel. Click on…
To create a Budget in Tally Go to Gateway of Tally > Accounts Info > Budgets > Create In the Budget Creation screen enter a Name for your budget. Select from the List of Budgets for Under field. You can have a hierarchical setup for budgets. In the List of…
The E-mail is the most widely used facility on the Internet. It saves time and cost of postage. Use the email feature in Tally to: E-mail any Tally report or document like invoices or purchase orders Post reminder letters and statement of accounts The following example illustrates the use of…