Did You Know

  1. If your business deals with multiple items with different tax rates, you can define VAT rates at the ledger level, and stock item level.
  2. Credit Limit refers to the monetary limit, up to which trading between 2 parties can take place without actual payment. This limit is agreed upon mutually by the seller and the buyer.
  3. Keeping yourself updated on your company data is now just an SMS away!
  4. Reminder letters can be sent to you customers from Tally.ERP 9 with the details of amounts outstanding against them as recorded in your books of account. It gives all details of the transactions, due dates and the amount.
  5. Confirmation Statements is used to send confirmation of account balance to customers, suppliers, lenders and borrowers.
  6. Excise Duty is an indirect tax. The manufacturer is liable to pay the Excise Duty. The levy and collection of excise duty is provided under the authority of the Central Excise Act, 1944 at the rates specified Central Excise Tariff Act, 1985