Tally Prime Accounting and Business Management Features
After many versions of accounting and management software by Tally Solutions Tally Prime has emerged as the most fulfilling. The Primary focus in this version is compatibility with GST compliance and the creation of various types of invoices with IRN and QR codes. Tally Prime thus fulfills all GST requirements for tax assessment and payment besides maintaining up-to-date reports or records. You can create professional-looking GST invoices in minutes. GST is applicable widely in India after it replaced the traditional sales tax regime.
With Tally Prime you can create fifteen primary account groupings:
- Capital Account
- Current Assets
- Current Liabilities
- Fixed Assets
- Investment
- Loans (Liability)
- Suspense account
- Miscellaneous Expenses (asset)
- Branches and Divisions
- Sales
- Purchase
- Direct Incomes
- Indirect Incomes
- Direct Expenses
- Indirect Expenses
Other Features are as follows:
Flexible Sales and Purchase Management for those who follow different sales and purchase cycles. The buying and selling may differ from one business to another or have a different pattern. Tally Prime is designed to manage all types of cycles and sales and purchase patterns.
The accounting and business management software supports multiple billing formats. It also supports multicurrency deals. You can record invoices, bills, and orders, and accept payments all in foreign currency. The software is capable of managing daily currency fluctuations these fluctuations are auto-calculated and recorded as simple journal entries.
A list of products having different price levels can be managed easily. Retailers, wholesalers, customers, etc are subject to different price levels which can be easily managed by Tally. You can maintain various mailing details of your company, parties, and sub-offices and these can be easily integrated with invoices and reports. You can easily segregate unlimited groups, batches, godowns, and locations in inventory management without any hassles.
Tally Prime features optimum e-invoice solutions. You can generate e-invoices and print invoices instantly and fully compatible with the invoice process you follow.
Tally Solutions has created Tally Prime as a highly flexible and versatile accounting and management solution. You must integrate this amazing software. You can buy Tally Prime in Goregaon in Mumbai from Metavision Technology. Moreover, they provide free consultations as to how you can use all the features with ease.
Uday writes often on Indian wildlife especially about the tigers. He works as a naturalist and is fond of travel. Uday also provides search engine optimization service and website contents in English.
Originally published at https://articles.abilogic.com.