Webinar on Data analysis from TallyPrime
1️⃣ What’s new in TallyPrime
TallyPrime latest updates (Release 7.0 onwards) bring smarter banking, better GST compliance, and improved performance. It now offers **Connected Banking** for live bank balance and direct payments, **SmartFind** for quick search of vouchers and ledgers, and **automatic cloud backup** for data safety. GST features are enhanced with better ITC tracking and e-invoice/e-way bill support. Overall, it is faster, more user-friendly, and more automation-focused than before.
2️⃣ Ratio analysis and industry standards
Ratio Analysis: A technique of analyzing a company’s financial performance by using relationships between financial statement figures. Industry Standards: Benchmark ratios used to compare a company’s performance with the average performance of its industry.
3️⃣ Ways of financial data analysis
Financial data can be analyzed by comparing different years (Comparative Analysis), converting figures into percentages (Common Size Analysis), studying patterns over time (Trend Analysis), and using ratios to measure performance (Ratio Analysis).
4️⃣ Inventory Management in TallyPrime
Inventory Management in TallyPrime helps businesses track stock items, manage purchase and sales quantities, monitor stock levels, and control inventory efficiently. It allows users to create stock groups, categories, units, and generate stock reports for better decision-making.
