Managing cash and credit made very simple and easy.
Receivable and payable management
To handle the outstanding balance in TallyPrime, an individual bill reference is automatically produced for each invoice. It will be simple for you to track and match invoices and become aware of the outstanding bills if you just keep track of the bill while accepting or making payments.
Ageing analysis
With the help of TallyPrime’s aging analysis report, you can quickly determine which bills have been unpaid for a while and take appropriate action. You can adjust the ageing interval and style to suit your needs.
Track receivables & payables as per MSME payment rule
MSMEs that have registered can easily monitor upcoming or delayed receivables and inform purchasers in a timely manner. Companies that work with MSMEs are able to rapidly determine whether payables to micro and small businesses are due or approaching due dates. The best feature is that you can use the bill date, the MSME credit period, or the earliest of the two to determine the next due dates.
Multiple bill settlement
You can pay many outstanding invoices in one go at a faster rate by using TallyPrime’s bill settlement feature.
Interest calculations
You have the option to impose interest on outstanding bills when it comes to managing credits or outstanding payments. By automatically computing interest using the simple or compound interest methods and helping to record accrued interest in the books, TallyPrime simplifies the process.
Cash and funds flow
With TallyPrime, you can easily check the status of finances and cash flow with only one click. Keep an eye on, budget for, and wisely distribute funds to ensure the business runs well.
Cash flow projection
A cash flow projection forecasts the net balance available for a specified period by taking into account various instances of projected inflow and outflow. TallyPrime’s instant cash flow forecast report assists you in budgeting your expenditures and investments based on anticipated income.
Credit control techniques
You might base the maximum credit limit on the customer’s credibility to guarantee better credit management. If there are any past-due invoices from your customer, you will also be informed by an alert that appears during a sales invoice.
Additional things you can do to manage cash efficiently
- Simply click to instantly send your clients reminder letters that appear professional.
- Discover how long it typically takes your clients to make bill payments by using the payment performance report.
- Create and add links to payment QR codes for various accounting reports, such as the overdue report. Integration with payment gateways like RazorPay and PayU makes this feasible.