Kavin Electronics

Smart financial statements for non-corporates

TallyPrime’s Excel-based template is designed Chartered Accountants, tax practitioners and businesses to simplify and speed up financial reporting for non-corporate. Built as per ICAI's latest guidelines, it enables easy import of trial balance/balance sheet/ profit & loss a/c from TallyPrime and auto-captures the details to financial statement template, saving hours of manual effort.

Micro, small, and medium enterprises (MSMEs) face many challenges in running their operations smoothly. One of the biggest of these challenges is the lack of sufficient working capital. MSMEs need reasonable working capital to carry out their day-to-day operations, pay utility bills, and pay salaries to their employees.

A major chunk of this working capital is the payment MSMEs receive from their buyers for the products/services delivered. However, when buyers don’t make these payments on time, MSMEs face a lot of difficulties in running their operations. Many businesses stop their operations as they don’t get proper funds on time.

The Government of India has devised a new payment rule under the MSME Act to avoid late or missed payments. In this blog, we will learn more about the new 45- and 15-day payment rule, which protects MSMEs against defaulters and gives them the confidence to move forward with their operations.

Nuts & Bolts of Tally Filesystem: Embedded Indexing

To simplify the understanding of a software product, imagine it is like a machine which runs due to coordination of multiple moving parts. Sometimes there can be multiple engines powering each part so that the machine can work efficiently and can also be maintained or scaled without impacting its existing functionality. One such engine that runs Tally is Tally filesystem or tally database engine. We would like to discuss one of the nuts & bolts of this tally database engine to peek into what happens when you drill down to one of the business reports in tally.

Wait! wait! did you say Tally filesystem, is tally an application or OS to have its own filesystem. That’s why I said it as a filesystem or a database engine. Let’s not fret on the terminology much, towards the end of this article whatever you want to call it, call it.

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