Tally Prime allows companies to monitor their production process. It has a built-in capability of crunching data and generating insights on the same.
In this video tutorial, we will discuss the transactions of the Manufacturing Process in Tally Prime.
Tally Prime helps to streamline the production process by automating and optimising it. The Tally Prime software manages all the transactions of a manufacturing process in real-time, including purchase orders, inventory, sales orders, and production orders.
The manufacturing process in Tally Prime is the process of creating a product using a series of steps that start with raw materials and end with the finished product. The following are the steps involved in the manufacturing process.
Step 1: Raw materials are collected and stored,
Step 2: Raw materials are processed into intermediate products,
Step 3: Intermediate products are processed into final products,
Step 4: Final products are packaged for distribution or sale.
Transactions are the processes by which data is entered into Tally Prime and then pushed out to other systems or people. Transactions can be divided into two categories:
1) Transaction Types:
- Inserts - when data is imported from external systems;
- Updates - when data is changed in Tally Prime;
- Transfers - when data is sent out from Tally Prime to other systems or people;
- Requests - when an external system sends a request for information to Tally Prime.
- Create - when a new record is created;
- Delete - when a record is deleted from Tally Prime;
- Modify - when data already entered in Tally Prime is changed.
The primary transactions in Tally Prime are:
- Incoming transactions: Customer orders, purchase orders, customer invoices, product orders, custom orders
- Outgoing transactions: Invoice, delivery note, receipt
- General transaction: Order status update
Tally Prime helps businesses manage their manufacturing process. It provides an easy-to-use interface for the users to track production and inventory. Tally Prime is not just limited to tracking, but it also helps in managing the entire process of manufacturing, such as:
• Estimating costs, materials, labour, and time required
• Managing resources like machines and personnel efficiently
• Assessing performance of different departments
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