Tally Blogs
Pratibha Devasenapathy   Feb-25-2021
Cost Centre
What is Cost Centre – Types, Purpose & Examples

Cost Centre is a separate department within a business to which costs can be allocated. Know the cost centre meaning, types & importance with examples.

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Tally Blogs
Pratibha Devasenapathy   Feb-17-2021
Accounts Payables accounts receivables Receivables vs Payables
Accounts Receivables vs Accounts Payables

Accounts receivable is the money owed to your business by customers whereas, accounts payable is the money you owe to the suppliers. Understand accounts receivables vs accounts payables.

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Tally Blogs
Pratibha Devasenapathy   Feb-08-2021
Billing billing v/s invoicing Invoicing
What Is the Difference Between Billing and Invoicing?

Bill is the money owed by a customer for a purchase transaction whereas an invoice is a detailed document of a goods or service transaction. Check the difference between billing & invoicing.

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Tally Blogs
Pratibha Devasenapathy   Jan-20-2021
managerial accounting
What Is Management Accounting?

Managerial accounting is nothing but the practice of identifying, measuring, analysing, interpreting, and communicating financial information to managers.

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Tally Blogs
Pratibha Devasenapathy   Jan-08-2021
Accounting Software
Best Practices to Evaluate, Purchase and Implement Business Accounting Software

Over 90% of the companies use business software to scale their productivity. Know how to evaluate, purchase & implement business accounting software for your own business.

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Tally Blogs
Yarab A   Jan-08-2021
Invoicing
What are the Different Types of Invoices for Small Business?

A small business needs to generate different types of invoices owing to various factors. Let’s check different types of invoices with example and format.

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Tally Blogs
Yarab A   Dec-10-2020
balance sheet
Balance Sheet Reconciliation: Definition, Types & Examples

Balance sheet reconciliation is a process of verifying the accuracy of information presented in the balance sheet. It includes cross-checking the closing balance components.

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Tally Blogs
Yarab A   Dec-10-2020
working capital
Working Capital Management: Definition, Calculation, Types & Example

Working capital is simply the difference between current assets and current liabilities. Working capital management can be defined as a business strategy to manage working capital.

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Tally Blogs
Pratibha Devasenapathy   Nov-16-2020
Financial ratios
What are the Different Types of Financial Ratios?

Financial ratio is a number that gives a view of the financial position of the company which includes balance sheet, income statement, and cash flow statement.

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Tally Blogs
Pratibha Devasenapathy   Nov-13-2020
Profitability analysis Profitability ratios
What is Profitability Analysis? Definition and Importance

Profitability analysis help businesses to identify growth opportunities, fast-slow moving stock items, market trends, etc. Learn the definition of profitability analysis with importance.

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Tally Blogs
Pratibha Devasenapathy   Oct-30-2020
net working capital
What is Net Working Capital (NWC): Definition, Formula and Example

Net Working Capital (NWC) is the difference between a company’s current assets and current liabilities. Check here the definition of net working capital with formula and example.

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