Tally Prime - The New Business Management Software

Explore Tally Prime's new version with enhanced technology and compliance, offering a simplified interface, invoicing and accounting, GST taxation, inventory and cash flow management, online data access, and secure data.

Explore the fundamental differences between Tally ERP9 and Tally Prime, including interface changes, multitasking with the go to feature, chart of accounts, and updated recording and printing workflows.

Configure the company in Tally Prime by enabling the accounting feature, bill wise entry, cost center, and interest calculation, and track project-wise or department-wise revenue and expenses.

Explore how the inventory feature in company configuration enables maintaining inventory, integrating accounts, multiple price levels, purchases, and job order processing, with cost tracking and batch expiry date controls.

Enable the taxation feature in company settings with accounting and inventory, and explore GST, TDS, sales tax, value added tax, excise and service tax, noting GST replacement and occasional applicability.

Explore the key menu options in Tally Prime, including company data, exchange, import export, email, print, and EF1, with data mining for backups, user management, and online access configuration.

Explore how Tally Prime's gateway of Delhi rearranges menus to top-side navigation, introduces date and company functions, and consolidates the accounting master, vouchers, and reports in a unified interface.

Navigate to the go to report option to directly access any report from the gateway, view listings like balance sheet, stock items, GST, and verify activity across multiple reports.

Configure GST in Tally Prime by enabling GST, entering registration details, selecting the state and registration type, validating the GST number, setting periodicity and invoice options, and saving the configuration.

Learn to view and customize a balance sheet in tally prime, including horizontal and vertical formats, detailed format, and options to show percentages and exclude accounts with zero closing balance.

Learn to generate and record interstate GST transactions with e-way bills in Tally Prime, configure bill settings, apply 50,000 rupees and 50 kilometers limit, and verify the e-way bill details.

Explore e-invoicing in tally prime, including GST portal authentication via IRP, invoice reference numbers, and QR codes for B2B invoices, plus API registration and reporting.

Explore how to create a GST ledger in tally prime, including input and output ledgers, and record sales and purchase vouchers with zero central tax and integrated tax settings.

Learn how GST online annual returns GSTR-9 and GSTR-9C consolidate monthly and quarterly data, reconcile with audited financials, and explain filing for regular and composite dealers.

Explore Gstr2, Gstr2a, and Gstr2b reconciliation, linking b2b invoices from registered dealers to your purchase register, including unregistered dealers, imports, and credit/debit notes, with gst portal uploads.

Learn to record an interstate GST purchase transaction, including supplier setup, item details, IGST calculations, and GST analysis for cross-state purchases.

Learn to create stock master in tally prime by configuring stock item categories, units of measurement, gst details, and opening balances for products such as Samsung mobile and television.

Create sales and purchase operational master, inventory master, and duties and access master in tally prime.

Learn to create operation ledgers for goods related and service related items, including purchase and sales accounts, GST details, taxability, and fees like audit and professional fees.

Explore gst reports in tally prime, including gst one, two, and three, and learn quick methods to update gst rates, map units, and manage party gst registrations.

Learn to create party master in Tally Prime, input name, address, banking and GST details, set registration type, opening balance, and credit terms, with validation prompts and verification.

Record advance and subsequent payments in Al-Ibrahim using Tally Prime, including bank transfer from HDFC and NFTE for in-house training, with reference numbers and ledger reconciliation.

Explore the profit and loss report in Tally Prime to summarize expenses and income for a financial year, showing gross profit, gross loss, and net loss with monthly views.

Record a receipt entry in al-ibrahim by applying a ₹50,000 part payment from Sunshine India Private Ltd against bill SBW 001, including bank and cheque details.

Explore how a trial balance consolidates closing balances from all general ledgers to verify profit and loss and balance sheet figures for financial reports.