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To create a new company with the same configuration F11: Features and F12: Configurations follow the steps shown:

• Create a Company

• Set the required F11: Features and F12:Configurations as required

• Keep the company loaded

• Create another company

• The new company created will have the same features and configurations

About Us

Winjit technologies are accredited Tally Distributor having a rich experience in developing bespoke application for Tally products and we are currently serving our customers in UK, Middle East, Australia, South Africa, New Zealand and India.

Winjit has developed various Add on application in Tally and recently launched Snapshots for Tally as Add on tally applications or creditcrunch.winjit.com.

We are looking forward to your feedback as well as suggestions on this topic.

Contact: Winjit Technologies Pvt Ltd.

91-253-6614786 / 91-253-6614789

Email : contact@winjit.com

The notification has appeared on http://www.cbec.gov.in/excise/cx-act/notfns-2k8/ce58-2k8.htm

1. Create a New ledger account for the new rate in Tally instead of changing the percentage for the Tax account you would be using currently. For Eg You would have an Account called as Excise diuty @ 8 % , do not make a change here but create a New account called as Excise duty @ 4 % both for Output Excise as well as Input Excise.
   
2. Check your existing purchase orders / Sales orders etc, before entering purchase invoices or making sales invoices. They would need amendments.
   
3. Do not edit Purchase orders / Sales orders which are partially processed. Create new purchase orders / Sales orders for the balance amounts. Making changes to existing purchase orders / Sales orders is not advisable.     
   
4. Using the same accounts could cause problems when you are editing existing vouchers in some version of tally so for smooth functioning create new Ledgers.
   
5. If you are using some customization get in contact with us at tally@winjit.com along with the TCP file and we will be able to help you.
   

‘In a recession cash is king’. It is an old saying and not without some wisdom. For when a recession strikes then asset prices fall – shares, real estate, just about everything you can buy – and the person with cash in hand can take the advantage 

1. Set a budget at least six months ahead (Budget & Plan)
   

Monitor actual results against the budget and keep revising it – things change very fast these days and you need to be ready. Make sure you know your taxes, emergencies, insurance which you have to pay to avoid any last minute surprises. Avoid any defaults during these times as could risk your credit rating in longer term.

1. Regular management accounts to monitor your cash flow (Manage & Monitor)
   

Be on the Top of your accounts rather than it being on top of you. Manage and Monitor on a regular basis, even if it requires having a part time book keeper if required. Monthly is essential, weekly is better, daily is best

1. Check bank statements regularly and reconcile them. (Check & Validate)
   

Banks are managed by humans and they do make mistakes so keep an eye on the bank statements regularly to avoid any charges on your bank and control over the bank over draft. Overdraft is a critical and useful tool in such days.

1. Negotiate longer credit terms with suppliers (Negotiate)
   

Even 7 days increases in your credit terms could affect you but be justified don’t put your suppliers out of business, and don’t jeopardize your own credit rating. Take all cash discounts if you have cash and for annual payments go in for monthly Installments instead of one time payments. .

1. Make sensible use of credit cards (Credit Card Sensibility)
   

Credit card could be a good tool to get some extended credit for purchases but use them sensibly and ensure you plan in your cash flows so you do not have the burden of excessive interest. Never get in the cycle of Credit card finance as they are very costly.

1. Stock is not cash, it’s only potential cash. (Manage Inventory)
   

Stock is not cash it is only cash when it is sold and you do not earn if you have it on your shelf or your warehouse. Manage and control Stock levels as it could be the biggest portion of your asset which you could control and reduce. Never stock if you get it cheap as the markets are well informed and networked now a days so everyone could have the information at the right time.

1. Small Retail Sales should be in cash not Credit. (Cash Sales)
   

Small retails sales keep it always in cash no credit as there is a very cost for collection. So keep all small sales in cash to avoid any collection costs.

1. Do not refuse sales to small customers. (Small Customers)
   

Small customer might just give you the ready cash and clear up your dead inventory. Never ignore the small customer could be ready cash for you as well as clearing of old inventory.

We have software / services and simple tools which will help you analyze your data and point you in the right direction.