Category: Beginner

To add a registered business WhatsApp number for communication in TallyPrime, follow these steps: 1. Enable WhatsApp Feature in TallyPrime: 2. Add Business WhatsApp Number: 3. Link WhatsApp Account: Open TallyPrime and scan the QR code using WhatsApp Web on your phone to link your business account. 4. Example: Enabling WhatsApp Feature in TallyPrime ABC…

To start using WhatsApp with TallyPrime, follow these detailed steps: 1. Update TallyPrime: Ensure that your TallyPrime is updated or upgraded to the latest version that includes WhatsApp integration. 2. Enable WhatsApp in TallyPrime: 3. Enable WhatsApp in TallyPrime: 4. Link Your WhatsApp Account: 5. Complete the Setup: 6. Example: Signing-Up for WhatsApp in TallyPrime…

Single Entry Mode in TallyPrime is a simplified way to record accounting transactions, particularly useful for beginners or those who prefer a straightforward approach. Instead of using traditional double-entry accounting, you can enter transactions in a single step. 1. How to Enable Single Entry Mode in TallyPrime: 1. Enable Single Entry Mode: 2. Record Transactions:…

Setting a standard rate for your stock items in TallyPrime involves establishing a fixed rate that will be used as a reference price during transactions. This is useful for businesses that want to maintain consistent pricing across different sales periods or need a benchmark price for inventory valuation. 1. Steps to Set a Standard Rate…

Standard Price in TallyPrime is the predetermined price for an inventory item, set by the business based on various factors like cost, market conditions, and pricing strategy. It serves as a benchmark or reference price during transactions, helping to maintain consistent pricing across sales. 1. Example of Standard Price in TallyPrime: 1. Setting a Standard…

Last Sales Price in TallyPrime refers to the most recent price at which an item was sold. This price is automatically recorded and can be used as a reference for future sales, helping maintain pricing consistency and speeding up invoicing. 1. Example of Last Sales Price in TallyPrime: 2. Benefits of Last Sales Price in…

Average Price Valuation in TallyPrime is a method used to calculate the value of inventory based on the average cost of items in stock. The average price is recalculated every time new stock is added, considering both the quantity and cost of existing stock and new purchases. This method smoothens out fluctuations in purchase prices…

The At Zero Price Valuation Method in TallyPrime records inventory items at a value of ₹0, regardless of their actual purchase price. This method is often used for items received at no cost, such as donations, free samples, or promotional goods. 1. Detailed Example of At Zero Price Valuation Method in TallyPrime: 1. Scenario: A…

Monthly Average Cost Valuation Method in TallyPrime is a way of valuing inventory by calculating an average cost for each item at the end of each month. This average is derived by considering all purchases made during the month. 1. How Monthly Average Cost Works in TallyPrime: 1. Calculate Average Cost: At the end of…

Standard Cost Valuation Method in TallyPrime involves setting a fixed cost for inventory items, which is then used for valuation purposes regardless of the actual purchase cost. This method is often used for budgeting and cost control, helping businesses compare actual costs against standard costs to identify variances. 1. How It Works: 1. Set a…