MSME vendor reports in Tally

Managing vendors is an integral part of any business involved in buying and selling goods or services. To effectively track these transactions, businesses often seek tools or software like Tally and its features. Tally has provided commendable reports for overseeing business operations.

Recently, Tally has introduced the MSME vendor reports feature in its software. MSME, which stands for Micro, Small, and Medium Enterprises, are vital contributors to the economy, and ensuring smooth transactions with them is important. With Tally’s MSME vendor reports, businesses can gain an overview of their outstanding balances, transaction history, bill payment schedules, reminders, and more.

These reports allow businesses to make informed decisions and maintain healthy vendor relations. Whether it's tracking overdue payments, analyzing purchase patterns, or staying compliant with MSME regulations, Tally vendor reports offer valuable features for businesses of all sizes.Here are some of the key vendor reports available in Tally and how to use them:

Outstanding Payables Report

• Purpose: To view the outstanding amounts payable to vendors.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Outstanding > Payables`
• Usage -
• Select the `Payables` option to view a list of vendors with outstanding balances.
• The report shows the vendor name, due amount, and ageing of the payables.
• Drill down by selecting a vendor to see detailed outstanding bills.



Vendor Ledger Report

• Purpose: To view the transaction history of a specific vendor.
• Access Path: Gateway of Tally > Display > Account Books > Ledger`
• Usage -
• Select the vendor ledger you want to view.
• The report shows all transactions with the selected vendor, including purchases, payments, and credit notes
• Use `Alt + F12` to filter transactions by date or other criteria.



Ageing Analysis Report:

• Purpose: To analyse the ageing of outstanding payables.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Outstanding > Ageing Analysis`
• Usage -
• Select `Ageing Analysis` and choose the period for analysis.
• The report categorises outstanding amounts into different ageing brackets (e.g., 0-30 days, 31-60 days, etc.).
• Use this report to identify overdue payments and prioritise vendor payments.



Group Outstanding Report:

• Purpose: To view outstanding payables for a group of vendors.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Outstanding > Group Outstanding`
• Usage -
• Select the vendor group you want to analyse.
• The report shows the total outstanding amount for each vendor in the group.
• Drill down to view detailed bill-wise outstanding information for each vendor.



Bills Receivable and Payable Report:

• Purpose: To view bill-wise outstanding receivables and payables.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Outstanding > Receivables / Payables`
• Usage -
• Select `Payables` to view bill-wise outstanding amounts for each vendor.
• The report shows the bill date, due date, amount, and ageing information.
• Use this report to manage and track bill payments efficiently.



Payment Performance Report:

• Purpose: To analyse the payment performance to vendors.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Outstanding > Receivables / Payables > F6: Age-wise Analysis`
• Usage -
• Choose the vendor and select the period for analysis.
• The report provides insights into how promptly you are paying your vendors.
• Use this report to improve your payment processes and maintain good vendor relationships.



Vendor Analysis Report:

• Purpose: To analyse purchases and payments made to vendors.
• Access Path: `Gateway of Tally > Display > Statements of Accounts > Statistics`
• Usage -
• Select the `Statistics` option to view a summary of transactions.
• Choose the vendor group or individual vendor to see the total purchases, payments, and other statistics.
• This report helps in analysing purchase patterns and vendor dependencies.

By utilising these vendor reports in Tally, businesses can efficiently manage their payables, analyse vendor performance, and ensure timely payments, thereby maintaining healthy vendor relationships and improving financial management.

One of the most amazing features of Tally reports is the availability of the multiple filters in the reports. Thus you can check the reports from different perceptions to draw an analysis from them.

In addition to this all MSME vendor reports offered by Tally, Antraweb Technologies gives an additional boost to these vendor reports with MSME / Udyam Plus module designed to further enhance MSMEs to easing their operations.

MSME / Udyam Plus Module:

• Purpose: Streamline MSME government compliance effortlessly for Tally users.
• Access Path: Integrated within Tally for seamless utilization.
• Usage: Simplify compliance processes, ensuring adherence to government regulations.
• Identify MSME-registered vendors effortlessly for timely payments.
• Reminders upon timely payments within the 45-day time-frame.
• Timely payments enable tax deductions, maximizing savings.
• Import MSME details from Excel to Tally, reducing errors.

Key Features and Benefits of MSME/Udyam Plus Module

• Automated Updates: Easily update MSME details and send notifications via email.

• Bill Date-wise Outstanding: Track outstanding amounts based on supplier invoice dates.

• Self MSME Declaration: Send self-MSME declaration emails to all vendors.

• Income Tax Benefits: Avoid unnecessary tax payments by ensuring timely bill payments.

• Penalty Avoidance: Pay to MSMEs on time to prevent interest charges.

• Reminder Popup: Timely reminders for outstanding payments and receipts to MSMEs buyers and suppliers.

This ensure product quality by tracking and managing quality control processes, enabling businesses to maintain high standards and compliance with industry regulations.

Click Here → MSME Udyam Plus Module to Schedule a Demo with us.

Our dedicated support team will guide you through the details and answer any questions you may have.