Monday, October 17, 2011

What is Receivables and Payables in Tally ?

Why Receivables and Payables management is neccessary?

In any company, circulation of working capital is best possible when there is a good system of management of receivable and payables. Timely receipts of receivables and timely payment of payables adds to the credit worthiness of a company. Also, routine affairs can be managed well with a better liquidity position. Maintaining large number of transactions with debtors and creditors is a tedious process. For this, Tally provides an advance feature called " Bill - Wise details".



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