Accounting4 min read
Accounts Payable — Definition, Example and Process
Accounts payable is any sum of money owed by a business to its suppliers, shown as a liability on a company's balance sheet.
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Resources
Business insights & resources
Plain-language explainers on accounting concepts, Tally, and the decisions business owners actually face.
Business4 min read
Purchase Order — Definition, Sample Format and Process Flow
A purchase order is a contract between the buyer and the seller, giving specific information about the products or services to be delivered.
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Accounting5 min read
Differences Between Cash Accounting and Accrual Accounting
There are two primary accounting methods — cash accounting and accrual accounting — that a business can choose and apply.
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Tally6 min read
Change in Tally Licensing Policy — Authorising Virtual Usage
With the advent of virtualisation — Windows RDP, Citrix, thin clients and cloud services — Tally's licensing policy changed to authorise and support virtual usage through a Tally Virtual User pack.
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