Blog categorized as Tally Questions & Answers Series

Tally Questions & Answers Series - 30

04.04.22 12:43 PM By eStaar - Comment(s)

1. What is meant by “Confirmation of Accounts” in TallyPrime?

For multi-account reports, we can send Confirmation of Accounts to one or multiple parties, similar to sending reminder letters.


2. What is the purpose of “Order Management” in TallyPrime?

It is critical for every organization work...

Tally Questions & Answers Series - 29

24.03.22 03:29 PM By eStaar - Comment(s)
1.In Tally Prime, what details may be shown in the Bills Receivable Report?
The information of pending bills will be displayed in the Bills Receivables report, including Date, P...

Tally Questions & Answers Series - 26

15.02.22 04:48 PM By eStaar - Comment(s)

1.  When is  Agst ref in Tally Prime used?

When we pass receipt or payment entries against the references produced at the time of passing original entries like sales and purchases, this reference is utilised.

2.  What does it mean to pay in Advance?

When an amount is paid before receivin...

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...