Friday, November 1, 2019

TALLY’S CAPABILITY FOR A TRADING ORGANISATION


Tally.ERP 9 is a comprehensive business management software that is extremely simple to use. It is packed with all the features that map your business operations yet is very easy to learn. With blazing speed, you get access to all your business reports in no time and you can rest assured that all your business data is highly safe and secure.
For a trading business venture, below are the various functions that you can use Tally for:
·        Tally can be used to prepare invoices
·        Balance sheet can be prepared for any period
·        Profit and loss account can be prepared for any period.
·        Stock valuation under multiple methods can be viewed and their effect on profit can be estimated.
·        Periodic movement of cash and funds in business can be viewed.
·        Stock details can be maintained location-wise.
·        Pending orders can be tracked.
·        An account of pending invoices of orders delivered can be maintained.
·        Pending payments against invoices can be followed up.
·        Slow-moving and fast moving items can be identified and necessary remedial actions can be taken.
·        Stock can be identified batch-wise, if necessary.
·        Expired dates for inventory items can be ascertained.
·        Using stock groups and category, alternative products pending can be made available.
·        Interest can be charged on payments pending beyond due date.
·        Physical stock can be reconciled with stock records.
·        Difference price list can be set for different customers.
·        Volume based discount and trade discount can be given to different customer segments.
·        Credit periods and credit limits can be fixed for customers.
·        Credit periods availed from suppliers can be recorded.
·        Free sample and replacement stocks can be accommodated.

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