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Course Content
Mastering User Interface and Navigation in TallyPrime
In this topic, you will learn to confidently navigate the TallyPrime user interface. Gain hands-on skills to efficiently access menus, modules, and features, making your workflow seamless and productive. Mastering navigation ensures you can quickly find the tools you need, customize views, and optimize your accounting and business management tasks in TallyPrime.
Mastering Creation of Accounting, Inventory and Payroll Masters in TallyPrime
This topic covers the fundamentals of creation all Masters in TallyPrime, You will understand Accounting Masters such as Ledgers, Groups, Voucher Types, and Cost centers. You will take a deep dive on Inventory Masters such as Stock Items, Stock Groups, Stock Categories, Batches, Locations and also understand Payroll Masters, You will learn how to set up and organize essential data that forms the backbone of your accounting and inventory management. Mastering these basics enables accurate transaction recording and reporting, ensuring a solid foundation for all your business processes within TallyPrime.
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Creating Accounting Masters
Creating Inventory Masters
Creating Payroll Masters
Mastering Creation of Voucher Entry in TallyPrime
Mastering Printing Configuration of Business Documents in TallyPrime
Printing Configuration of Business Documents in TallyPrime involves setting up the print parameters to ensure that all your invoices, vouchers, reports, and other business documents are printed accurately and professionally according to your preferences and business needs.
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Introduction: How to Configure and Print Business Documents in Tally Prime
How to Configure Dimensions of Printed Document Such as Heigth, Width & length in TallyPrime
How to Configure Title of Printed Business Document in TallyPrime
How to Configure Declartion of Printed Documents in TallyPrime
How to Set Number of Copies to be Printed in TallyPrime
How to Print Part Number in TallyPrime Business Documents
How to Print Mailing Name Instead of Party Ledger Name
How to Send any Business Document by Email
Mastering Tips and Keyboard Short Cuts in TallyPrime
Mastering Basic Troubleshooting Skills in TallyPrime
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Data Management
Lessons Management
Installation and Configuration of Multi user Tally Server and Tally Clients on Network
Frequently Asked Questions about TallyPrime
This section provides clear and concise answers to common questions related to TallyPrime. It helps learners quickly understand key features, usage scenarios, and troubleshooting tips, making it easier to navigate and use TallyPrime effectively during daily operations.
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How to Display the Income & Expense A/c Instead of Profit & Loss for Non-Commercial Entities in TallyPrime
Step by Step Training to Master TallyPrime

How to Display Income & Expense A/c Instead of Profit & Loss for Non-Commercial Entities in TallyPrime

 

Description

Non-commercial entities such as trusts, associations, societies, and clubs do not operate with a profit motive. Instead of a Profit & Loss Account, these organizations prepare an Income & Expense A/c to reflect their financial performance.

TallyPrime provides a configuration option that allows you to display the Income & Expenditure Account in place of the Profit & Loss Account. This article explains how to enable this setting using a simple configuration in the ledger master.

How to Display the Income & Expense

Steps to Configure Income & Expenditure Account in TallyPrime

Follow the steps below to configure TallyPrime to use the Income & Expenditure Account:

Go to Gateway of Tally
Open TallyPrime and navigate to the Gateway of Tally screen.

Alter the Ledger Master
From Gateway of Tally, go to:
Masters → Alter → Ledger

Select the Profit & Loss Ledger
From the list of ledgers, select Profit & Loss A/c.

Enable Income & Expenditure Account
In the ledger configuration screen, set:
Use Income & Expenditure A/c? → Yes

 

Enable Income & Expense ac in ledger

Save the Ledger
Press Ctrl + A to save the changes.

 

Result

Once the configuration is enabled, TallyPrime will display the Income & Expenditure Account instead of the Profit & Loss Account, making the financial statements suitable for non-commercial and non-profit entities.

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