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 Adjustment described by Bill Wise entry?
- Advance payment
- Against Ref
- New Ref
- On account
3. Explain New Ref in Tally Prime?
New Ref is used to pass sales and buy entries that will later be used to pass against reference entries under the Sundry debtors and creditors’ ledger.