How to Delete Ledger from TallyPrime
by Deleting a ledger in Tally Prime is a simple process, but it should be done with caution as deleting a ledger will also delete all …
How to Alter Ledger in Tally Prime
Alter a Ledger” in TallyPrime means editing, correcting, or updating any existing ledger after it has been created. You can: Change the name of the ledger Correct the group under which …
What is a Ledger in TallyPrime? How to Create a New Ledger
A Ledger is the most basic accounting unit where all transactions are recorded. Every debit or credit entry you pass in your business goes …
How to create new Ledger’s Group in TallyPrime
What is a Group in TallyPrime? A Group is a classification of ledgers that share a similar nature. It can be: Assets Liabilities Income …
28 Predefined Groups in TallyPrime – Explained with Examples
When you create a company in TallyPrime, it automatically comes with 28 predefined groups. These groups help you organize all your accounting data like ledgers, …
Basic Concepts of Accounting: A Beginner’s Guide
Accounting is often called the “language of business” — and just like any language, it has rules and concepts that help everyone understand …
What is a Journal Entry in Accounting?
If you’re starting your journey in accounting, one of the first things you’ll hear about is the Journal Entry. It’s the foundation of the …
What is Business Transaction?
A business transaction refers to any activity that involves the financial exchange of money or goods between two or more parties. It can involve the …
What is Accounting in Tally?
What is Accounting? Accounting is the process of identifying, recording, classifying and reporting information on financial transactions in a systematic manner for the …
How to Delete a Company in TallyPrime
Managing multiple companies in TallyPrime is easy and efficient. However, there may be instances where you no longer need a company — maybe it was …