A balance sheet is a financial statement that reports a company's financial position. This report shows the balance between the assets and liabilities of a firm.
All transactions that involve a Bank including deposits, credits, withdrawals and so on, are displayed in the Cash and Bank Book Reports .
In TallyPrime, the Day Book is by default displayed for the current date (as on the last date of voucher entry). However, you may specify the required period, as per your requirements.
Financial Statements summarizes individual transactions to show totals, ratios, and statistics required by users to analyze a company’s financial data.
MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making.
The transactions entered in TallyPrime are immediately posted to the respective ledgers, books and registers. The inventory reports are generated based on these transactions. This facilitates instant reporting and faster decision making.
On selecting a report name from a menu, the report is displayed. You can modify the display to suit your requirements using the appropriate buttons from the button bar.
The Profit & Loss A/c is a periodic statement, which shows the net result of business operations for a specified period. All the expenses incurred and incomes earned during the reporting period are recorded here. You can view the Profit & Loss account details in TallyPrime for a specified period.
A Purchase Register displays the information on the periodic purchases of a business concern. You can also view the columnar register for purchase. Purchase returns made during a year can also be traced.
Receipts and Payments Account is a report of cash and bank transactions during a period. It is used in place of an income and expenditure statement.
Sales Register displays the monthly summary of sales transactions and closing balances. The list of transactions pertaining to each month can be viewed by selecting that month. You can change the display according to the information required.
A trial balance is a summary of all ledger balances, and helps in checking whether the transactions are correct and balanced. If journal entries are error-free and posted correctly to the general ledger, the total of all debit balances should be equal the total of all credit balances.
© 2021 : www.tallyerp9book.com