Goods Service Tax

Author Name:- Vinayak Chikhale

TallyPrime Server offers critical services to monitor concurrency of operations to increase user productivity and efficiency, and enhance data security.

TallyPrime helps run your business the way you want to. Using the TallyPrime features, you can record accounting and inventory transactions with statutory compliance, and view reports anytime, anywhere.

TallyPrime helps you manage your accounting entities, inventory movements, financial & banking transactions, and provides real-time reports on all these.

The Banking feature in TallyPrime facilitates maintenance of records and processes that are fundamental to effective recording of accounting transactions for timely payments. This feature enables business owners to perform a host of bank-related activities, including payments to parties, bank reconciliation, and cheque management. Using this feature enhances and simplifies the banking experience significantly by saving time, reducing errors, improving productivity, and scaling up traceability.

Accounting and financial reports are an overview of the financial results, financial position, and cash flows of a business. In order to assess a business’s performance and financial position, all its transactions have to be summarised and analysed over a period of time. This is where accounting reports enter the picture. They help you organise and present raw financial data, and turn it into useful information.

TallyPrime supports tracking inventory in your business, from purchase order to sales. Stock tracking can be across godowns/locations, or different stages of processing.

The transactions entered in TallyPrime are immediately posted to the respective ledgers, books and registers. The inventory reports are generated based on these transactions. This facilitates instant reporting and faster decision making.