Budgeting for business purposes is made easy if your budgeted revenue and expenditure can be compared to the actual numbers through one system of accounts. TallyPrime makes it possible for one to draw up budgets for ledgers, groups, and cost centres and compare...

In Tanzania, running NGO accounts is more than just entering income and expenditure. There can be donor funds, grants, project costs, restricted funds, local transactions, banking activities, and statutory reporting involved. With TallyPrime, all these aspects can...

Migration from Excel to TallyPrime is possible with minimal disruption in terms of accounting data, provided that the migration is done in a well-planned, well-backed up and tested manner. This migration process includes record preparation, record mapping, import of...

Foreign currency transactions are frequent for companies that transact business in Tanzania with foreign suppliers, foreign customers, imported goods, exported products, and foreign currency payments. Foreign currency transactions can be handled through TallyPrime,...

Companies in Tanzania are increasingly adopting digital invoicing and integrating their finance systems. This process includes the adoption of such technologies as the Virtual Fiscal Device, which is widely referred to as VFD. For companies, learning about VFD is just...

If your company is running on TallyPrime or considering implementing TallyPrime, you must be familiar with Tally Software Services (TSS). Many companies confuse TSS with software licensing, while some consider TallyPrime to be ineffective after the expiry of its...

If your business is operating in Tanzania, maintaining your accounts on your office computer becomes a problem as your business expands. Cloud-based accounting solutions provide you with an option to access your account statements, invoices, reports, and any other...

When you have set up your business in Tanzania and use TallyPrime to manage all your sales transactions, using TallyPrime with VFD can provide a smoother approach to managing fiscal invoices. This is because the sales data recorded by TallyPrime can help create fiscal...

VAT is among the most significant business taxes in Tanzania. VAT is the tax that is charged to the price of any taxable product or service at all stages of its production and sale, but it ends up being paid by the end consumer of the product or service. VAT in...