Tally Questions & Answers Series - 25

07.02.22 04:19 PM By eStaar - Comment(s)

1.  How does Bill Wise entry work in TallyPrime?

TallyPrime bill-by-bill entry capability allows for transaction tracking and efficient payables and receivables management. Reports can be generated instantly once transactions have been logged in TallyPrime.

2.  What are the four methods of A...

Tally Questions & Answers Series - 24

04.02.22 02:56 PM By eStaar - Comment(s)
1. Explain Accounts Payable?
Any sum of money owing by a business to its suppliers is recorded as a liability on a company's balance sheet as accounts payable. Accounts payable is also known as bills payable, and the entire amount owed by a corporation is recorded as a liability in the balance sheet ...

Tally Questions & Answers Series - 23

18.01.22 02:45 PM By eStaar - Comment(s)
1.What is Batch tracking and how does it work?
Batch tracking is a technology that lets you group and track a group of stocks with similar characteristics. Batch tracking allows you to keep track of when objects expire. Return defective items to the batch to which they belonged.

2. What is a Lot Numbe...

Tally Questions & Answers Series - 22

03.01.22 11:45 AM By eStaar - Comment(s)
1. What does it mean to be a Supplier?

A Supplier is a person, business, or organization that sells or provides goods or services to customers.

2. What are the different types of Suppliers?

Manufacturers, Distributors, Importers, Traders (Wholesaler, Retailer)

3.List out the Inventory Manageme...

Tally Questions & Answers Series - 21

28.12.21 05:45 PM By eStaar - Comment(s)
1.What is the purpose of Inventory Management's introduction?
An inventory is a collection of items utilised by a company. An inventory system keeps track of inventory levels and sets order timelines and quantities. Holding, ordering, and shortage costs are only a few of the inventory-related expense...

Tally Questions & Answers Series - 20

17.12.21 03:02 PM By eStaar - Comment(s)

What defines Data Management in a Company?
Data management is the process of Collecting, Storing, and Utilising Information in Secure, Efficient, and Cost-Effective way. In an organisation, managing digital data entail a wide range of duties, rules, processes, and practices.

2. What is the benefi...

Tally Questions & Answers Series - 19

14.12.21 10:18 AM By eStaar - Comment(s)
1. How can I configure Tally Net as a user in TallyPrime?
Tally.NET users will have remote access.
Users can be set up for remote access by pressing Alt+K (Company) or going to Top menu bar > Users and Passwords > Company.
Select NET Owner as the security level.
Enter a valid Tally.NET ID in the U...

Tally Questions & Answers Series - 18

10.12.21 11:35 AM By eStaar - Comment(s)
1.How can I activate Tally Prime's Security Control?
First enable the security option for your firm before setting users and their roles in Tally Prime. Create/Alter by pressing Alt+K (Company) > Create/Alter. The screen for Company Creation/Alteration will appear. Under "Control User" ,...

Tally Questions & Answers Series - 17

10.12.21 11:06 AM By eStaar - Comment(s)
1.What is a Data Security in Tally Prime?
All commercial transactions are kept secure. However, in other situations, it is a critical duty of a business owner to secure financial transactions, as most businesses rely on safeguarding financial transactions and maintaining information confidentiality.


Tally Questions and Answers 

19.11.21 02:28 PM By eStaar - Comment(s)
1.Where Tally is used?
 Tally is accounting software that is designed to automate and integrate all aspects of your business, including sales, finance, manufacturing, purchasing, and inventory.

2.How Tally software works?
Tally is an accounting program that allows you to track and maintain all of ...
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