Data Analysis Tally Prime | Best Reports of Tally Prime | Important reports without TDL

 

Friends we all use Tally because of it’s simplicity and powerful reporting modules. In this segment there is in Tally also have a most usable and powerful report that can fulfill our requirements. Today I told you about Data Analysis of Tally.
Data Analysis facilitates in conducting internal analysis and verification of the company’s financial data. Data Analysis will help in identifying exceptional areas and thereby ease the process of verification. With the help of Data analysis we can create our important MIS reports also.

How to view Data Analysis Report in Tally Prime:

To view Data Analysis report in Tally Prime follow below any step:

1. Gateway of Tally > Display More Reports > Analysis & Verification > Data Analysis.

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2. Alternatively, press Alt+G (Go To) > type or select Data Analysis Reports > and press Enter.

The various tools available in TallyPrime for Data Analysis are:

  • Verification of Chart of Accounts – Drill down into this report will help to scrutinize the Chart of Accounts and compare this with previous year Chart of Accounts and suggest the necessary corrections if required.
  • Verification of Stock Items – Drill down into this report will help to scrutinize various Stock Items and compare the Stock Items list with the previous year. This will help in taking necessary decisions and provide necessary corrections.
  • Verification of Balances – Drill down into this report will help to scrutinize the difference in Opening Balances and transaction details during the selected year and suggest necessary corrections based on the exceptions highlighted. The user can also generate the ledger wise variance report for the Closing Balances.
  • Analytical Procedures – This report can be used to analyse the data based on various parameters (e.g. Group, Cost Centre etc.) by a detailed comparison mechanism available. The user can take of note areas where more attention is required.
  • Pending Documents – This report will display all the Pending Bills, Sales Orders, Purchase Orders and Receivables & Payables during the analysis year.
  • Periodic Payments and Receipts – This report provides the list of recurring Ledger Vouchers based on the Periodic Ledgers identified by the users.
  • Repeated Transactions – Drill down into this report will display the transactions for which the same amount is repeated more than once for each Ledger during the analysis year. The user can use this report to check the intentional errors while passing the entries.
  • Relative Size factor (RSF) – Drill down into this report will display the Relative Size Factor for each Ledger Voucher which is arrived by dividing the highest Voucher amount to the second-highest Voucher amount for the Ledger Vouchers.
  • Inter Bank Transactions – This report will display all the transactions carried out between the Banks during the analysis period
  • Cash Withdrawals/ Deposits to Bank – Drill down to this report will display the bank ledgers from which the cash is withdrawn or deposits are made. This report also displays the Total Amount of transaction and the Number of vouchers through which the withdrawal or deposits are made during the selected year.
  • Fixed Assets Analysis – This report provides the details of all the Fixed Assets possessed by the selected Company at the end of the analysis Year.
  • Transaction on holiday – Drill down to this report displays all the transactions recorded on Weekly Off or Declared Holidays in the analysis year.
  • Highest and Lowest Value Transactions – This report provides ledger wise Highest and Lowest value transactions carried out during the selected period along with Difference Range and Difference Range Percentage details.
  • Pending Advances – Drill down to this report will display the ledgers for which the advances made (Loan given) are pending during the analysis year.
  • Stale Cheque /Instruments – Drill down to this report will display the Bank Ledgers with stale cheque/ Instruments. This report also displays the Total amount and count of stale cheques/ Instruments.

For more details and clarity please watch above video.



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