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Overcoming Business Limits Through TallyPrime's AdvantagesTallyPrime's advantages include improved efficiency through faster accounting and simplified data entry, robust inventory and invoicing management, strong GST and tax compliance, and enhanced data security with remote access options. It also offers powerful reporting and analytics, the ability to handle multiple currencies, and a flexible, customizable interface.

1. INTRODUCTION TO TALLY PRIME PRIYANKA SHARMA

2. Computerized accounting is  a software-based budgeting and accounting system for the management of spending, payment processing, budgeting and reporting . It computerizes and automates key aspects of budgeting and accounting and combines them into a unified database and user interface. Computerised accounting system is  a software that helps businesses to manage the big financial transactions, data, reports, and statements with high efficiency, speed, and better accuracy . COMPUTERIZED ACCOUNTING

3. Simple and Integrated:  It helps all businesses by automating and integrating all the business activities. Such activities may be sales, finance, purchase, inventory, and manufacturing etc. It also facilitates the arrangement of accurate and up-to-date business information in a readily usable form. Accuracy & Speed:   Computerised accounting has customized templates for users which allows fast and accurate data entry. Thus, after recording the transactions it generates the information and reports automatically. Scalability:  It has the flexibility to record the transactions with the changing volume of business. Instant Reporting:  It can generate a quality report in real time because of high speed and accuracy. Security:  Secured data and information can be kept confidential as compared to the traditional accounting system. Quick Decision Making:  This system Generates real-time, comprehensive MIS reports and ensures access to complete and critical information, instantly. Reliability:  It generates the report with consistency and accuracy. Minimization of errors makes the system more reliable. Features of computerized accounting

4. Accounting software is a business management software used by businesses to record the transactions, process and present the business information in the form of reports, giving a complete picture of the company. It helps you to keep track of all the financial records and manage various accounting tasks. By automating the recording of accounting information, accounting software enables efficient and quick processing of financial information. Other than businesses, accounting software is used by professionals such as Bookkeepers, tax professionals and other accounting professionals. TallyPrime  is accounting software that makes recording and organizing accounting information so simple that in no time you will be in greater control of your business, right from invoicing to insights that matter business growth.  What is Accounting Software?

5. TallyPrime , a complete accounting software help you manage several functions of the business, starting from recoding the business transactions to generating complex reports, in an integrated manner,with the objective of simplify the simplest. Tally is a one stop solution to manage all business activities more efficiently.  TallyPrime  comes with a diverse set of readily available  business reports  with powerful and actionable insights, helping you make informed decisions for your business growth. Be it business relationships, cash or inventory, these reports will help you manage all these aspects better with extremely easy discovery and navigation. Key features/core modules of TallyPrime as Accounting Software

6. TallyPrime  comes with a diverse set of readily available business reports with numerous views and actionable insights to help you make informed decisions for your business growth. These reports are designed to aid in analysis, such that you can slice and dice the information in reports and create various viewpoints to understand the reports better. The best part is that you can personalise the business reports by creating and saving multiple views of the same report, the way it works for you.  Accounting reports in  TallyPrime  

7. Accounting reports Ledger reports Cash/bank books Purchase/sales register Bills receivables Bills payables Financial reports Balance sheet Profit & loss A/c Trial balance Ratio analysis Inventory reports Stock summary Stock ageing analysis Movement analysis Stock transfers Stock item cost analysis Location/ godown summary Stock-item-wise profitability Order summary Batch summary (Mfg. & Exp.Date ) Re-order status reports Management control reports Cost centre Cost category Budget Cash flow report and projection

8. Simplicity Blazing speed Power of accessing Flexibility Scalability Real time processing Intelligent setup manager Concurrent multi-lingual capability Accounting without codes Multi tasking Easy navigation printing Features of tally prime

9. STEPS Downloading the application setup from the Tally Solutions website www.tallysolutions.com  is the first step in starting TallyPrime . Click on Download option Double-click setup.exe. Double-click Install Now. Configure Application Path, if needed. ... Click Install. ... Click Start TallyPrime to launch TallyPrime . Download tally prime for trial purpose in the Educational mode. To explore more on TallyPrime,click on C:configure:list of configurations screen will appear. Application path by default will be selected as c:Drive>program files by creating a new folder as TallyPrime . Application path can be changed by pressing enter on application path. After intallation,click on start TallyPrime . Downloading & installation of tally prime

10. To install TallyPrime on your computer, you need to have administrator rights. Moreover, your computer must meet the following technical requirements: Operating system (OS)  – Microsoft Windows 7 or above Bitness  – 64-bit applications (for the OS and other applications such as MS Excel, Adobe Acrobat, and so on) Memory (RAM)  – A minimum of 4GB or more Storage  – A minimum available free space of 30MB on your hard disk, cloud location Connectivity-continuous internet connection Monitor resolution-1024x768 or higher Requisites for intalling TallyPrime

11. TallyPrime opening screen

12. To being with, press “Enter” on “Create Company” Type the name of your company. For example, “Max Electronics” Type your address and select your state or province Country will be selected automatically Type your Pin code Mention the contact details of your company Next, specify the financial year from which you want to maintain your books in TallyPrime If you wish to add more details, press F12 for configure and enable options as required. You can enable “Use User Access Control” to set password for company data as well as to manage user roles & logins. Press “Enter” to accept the configurations. Move to the last field on the screen. You will get a message asking whether you would like to accept the settings. Press “Y” to accept and “N” to continue editing the screen Done! Your company is created How to Create a company in TallyPrime ?

13. Configure company features in TallyPrime Next, you will be asked to set the features that are required to manage your books.  To see advanced features, set ‘Show more features’ to Yes. Set ‘Yes’ to features that are required. You can do it anytime by navigating to the features screen by pressing F11 for features Move to the last field on the screen and Press ‘Y’ to accept the screen. Now, you are now ready to record transactions