Posts

Showing posts with the label Tally Prime

Top 10 Inventory Management Features of TallyPrime

Image
  Today’s businesses need to manage their inventories with precision .  TallyPrime  is converting the accounting, taxation, and inventory management of Indian SMEs and other growing enterprises into a simplified and powerful solution. As a Cevious-certified partner, we have more than 17 years of experience helping thousands of businesses optimize their operations using TallyPrime. We provide cloud-based tailored solutions with experts available 24×7 . In this post we list the top 10 features of TallyPrime that enhance accuracy and control operational costs for businesses. 1. Stock Monitoring in Real Time TallyPrime allows real time monitoring of stock held across godowns and other operational locations. Balancing understocking or overstocking situations is easy through instant visibility to stock quantity, value, and movement. Cevious Tip: Pair your system with our Cloud Auto Data Backup for uninterrupted currency data safety guarantees. 2. Inventory Control Across Numero...

Why is Tally a popular accounting software in India?

Image
  Every successful enterprise in India heavily relies on effective accounting and financial management due to the fast pace of business in the country. Be it a small trader, mid-sized manufacturer or a large corporation, dependable accounting software can greatly help in compliance, reporting accuracy and business expansion. Among the many choices of accounting software today, Tally has become a household name as it still remains the most  trusted accounting solution for Indian businesses . Cevious, as a 5-star Tally partner with more than 17 years of experience, has been instrumental in assisting businesses to reap the benefits of Tally’s powerful attributes. However, what makes Tally so popular in India? Let’s examine some of the major factors behind the software’s substantial penetration and the resultant impact. Simplicity and User-Friendly Interface It is no secret that one of the biggest reasons Tally enjoys unparalleled popularity is its simplicity. Unlike many accounti...

What is Forensic Accounting? The Roles and Techniques

Image
  With the wave of financial frauds and corporate scandals capturing attention, forensic accounting has arguably grown to become more significant than ever before. For businesses, investors, and legal practitioners alike, forensic accounting acts as an important avenue for revealing financial discrepancies, settling debates, and providing accountability. What is  Forensic Accounting  and what roles do forensic accountants do? What is forensic accounting? The accounting industry has several different branches, and while some remain broad, others are much more specialized. One such specialized field is forensic accounting. This particular type of accounting looks into financial documents to check whether or not fraudulent activities such as embezzlement, money laundering, or financial duping have taken place. It goes without saying that fraud detection is a skill that all businesses should cultivate. Accounting is not just about making sure that the books are balanced; ther...

How Different Is Invoice Management System (IMS)? Current Practices vs IMS

  Does matching your purchase transactions with   GSTR-2B   feel like a monumental task in the current process? For several businesses, it takes multiple days of manual reconciliations, clarifying inter-vendor misunderstandings, and overly drawn-out matching processes with incomplete transactions and delays, along with numerous back-and-forth calls with vendors attempting to clarify discrepancies. It is a tiresome, unproductive, highly inefficient process filled with mistakes. If there is a mismatch   An  Invoice Management System (IMS)  changes all that – what used to be a long convoluted task can be done in just a few clicks. This is not only a new app but rather a whole  smart technology  that is quicker and more precise when it comes to managing GST compliances throughout the workflows. What differentiates the reconciliation for GSTR-2B done by IMS? IMS gives you the entire list of invoices supplied by your vendors on the IMS portal, maki...