November 22, 2024
Tally is one of the most widely used accounting and financial management tools in India. Its powerful reporting features make it easier for businesses to monitor their performance and manage customer relationships. In this blog, we’ll explore the top 5 customer reports from Tally, which help businesses stay on top of their receivables and sales.
1. Bills Receivables
The Bills Receivables report helps you track all outstanding payments from your customers. It shows the details of unpaid invoices, due dates, and the total amount receivable. This report ensures you stay on top of pending collections and plan your cash flow effectively.
How to Access in Tally:
Go to Gateway of Tally -> Select Display -> Navigate to Statement of Accounts -> Choose Outstanding ->Select Receivables
Use this report to monitor pending payments and improve cash flow management.
2. Sales Register
The Sales Register provides a detailed view of all sales transactions over a specific period. It includes details like invoice numbers, dates, and amounts. This report helps you monitor sales performance and identify trends in customer purchases, making it easier to strategize and grow your business.
How to Access in Tally:
Go to Gateway of Tally->Select Display->Navigate to Account Books->Choose Sales Register
This report helps track sales trends and identifies customer purchasing behaviors.
3. Customer Ledger
The Customer Ledger is a detailed account of all transactions with a specific customer. It includes invoices, payments, and outstanding balances, providing complete transparency in your dealings. This report is particularly useful for resolving disputes and maintaining healthy customer relationships.
How to Access in Tally:
Go to Gateway of Tally->Select Display->Navigate to Account Books->Choose Ledger->Select the customer’s name from the list
This report is useful for resolving disputes and maintaining clear communication with customers.
4. Ageing Analysis
The Ageing Analysis report breaks down outstanding amounts into categories based on how long they’ve been overdue (e.g., 0-30 days, 31-60 days). It helps you prioritize follow-ups and identify customers with delayed payments, allowing you to take timely actions to recover dues.
How to Access in Tally:
Go to Gateway of Tally->Select Display->Navigate to Statement of Accounts->Choose Outstanding->Select Receivables-> Ageing Method(F6) -> Under Ageing Analysis select method of Ageing
This report allows you to prioritize follow-ups with customers based on overdue durations.
5. Customer Confirmation of Accounts
The Customer Confirmation of Accounts report helps verify balances and transactions with customers at the end of a financial period. It ensures that all parties are aligned on the outstanding amounts and account details.
How to Access in Tally:
Go to Gateway of Tally->Select Display-> then Account Books->Choose Ledger-> Select Alt(P) to print the Ledger -> Click Configure Button -> Select Report Type as Confirmation of Accounts
This report is essential for financial audits and maintaining accurate records. It also builds trust with your customers by ensuring transparency.
Conclusion
These top 5 customer reports from Tally help businesses manage customers and track their financial interactions effectively. However, with reporting and BI tools, you can analyze customer average payment days, customers who have become inactive for n days, customer-wise item-wise sales history reports, average rate movement reports, salesperson-wise performance or geography-wise insights, etc. If your business has some custom requirements the same can also be addressed with these tools.