Join our webinar on Data Analysis through TallyPrime to understand how it works and how it is useful for you.
We are conducting webinars on how Data Analysis through TallyPrime. We will learn how to useful for your Business.
Agenda:
Ratio analysis and reporting
Ways of data analysis
Stock analysis
Exceptional reports
If you are excited about knowing all these things, join the webinar.
Webinar Date: 24 February 2023.
Webinar Time: 04:30 PM to 05:30 PM.
Data Analysis Through TallyPrime
TallyPrime is an accounting software that provides several features for data analysis. Here are some ways to perform data analysis through TallyPrime
Ratio analysis and reporting:
Ratio analysis is a tool used to evaluate the financial health of a company by analyzing its financial statements. Ratio analysis involves calculating various financial ratios based on the financial data in the company’s balance sheet, income statement, and cash flow statement. These ratios are then used to assess the company’s liquidity, profitability, efficiency, and solvency.
Ways of data analysis:
Data Analysis report in TallyPrime facilitates conducting internal analysis and verification of the company’s financial data. Data Analysis will help in identifying exceptional areas and thereby ease the process of verification.
Stock analysis
TallyPrime is an accounting software that provides various features for stock analysis. Here are some ways to perform stock analysis in TallyPrime:
Stock Summary Report: TallyPrime provides a stock summary report that provides a quick overview of your stock position. The report displays the stock group, item name, opening balance, inward quantity, outward quantity, closing balance, and value of stock.
Stock Query Report: TallyPrime provides a stock query report that allows you to query your stock data based on various parameters. You can filter the data based on stock group, item name, voucher type, date range, and other criteria.
Stock Ageing Report: The stock ageing report in TallyPrime provides an analysis of the age of your stock. The report displays the age of your stock in days or months, along with the corresponding quantity and value.
Stock Movement Analysis: TallyPrime allows you to analyze the stock movement using various techniques such as ABC analysis, XYZ analysis, and FSN analysis. These analyses help you identify the items that are fast-moving, slow-moving, or non-moving.
In summary, TallyPrime provides several features that can help you perform stock analysis. You can generate stock summary, stock query, and stock ageing reports. You can also analyze stock movement using ABC analysis, XYZ analysis, and FSN analysis.
Exceptional reports
In TallyPrime, Exceptional Reports are reports that help you identify the exceptions or anomalies in your financial data. These reports highlight the transactions or items that do not conform to the standard or expected behavior, thereby enabling you to identify and rectify the issues.
Here are some exceptional reports that can be generated in TallyPrime:
- Negative Stock Report: This report displays the items that have negative stock. Negative stock can occur due to various reasons such as incorrect data entry or theft. The Negative Stock Report helps you identify such items and take corrective action.
- Negative Ledgers Report: This report displays the ledgers with negative balances. Negative balances can occur due to various reasons such as incorrect data entry or transactions that have not been recorded correctly. The Negative Ledgers Report helps you identify such ledgers and take corrective action.
- Stock with No Movement Report: This report displays the items that have had no inward or outward movement for a specified period. Items with no movement may indicate slow-moving or non-moving items, which may require further analysis.
- Missing Vouchers Report: This report displays the vouchers that have not been entered or recorded in the books of accounts. Missing vouchers can lead to incorrect financial statements and tax compliance issues.