What are the benefits of using Outstanding reports in Tally.ERP 9?

Managing your outstanding amounts has become a very important part of business today. Every businessman needs to have a high level of control on the entire credit cycle, right from exposing a business to a credit, to managing collections. For a moment, imagine how you would collect your outstanding in a manual system. You will identify the customer who has an outstanding for more than the agreed period, talk to him, mutually agree upon the amount and probably mail his outstanding statement, for clarification. In normal circumstances, this entire process will take almost a week. Using Outstanding Report Tally.ERP 9 allows you to mimic the human chain of action and reduce the time taken for follow up and collection. This report helps you identify which of your debtors is overdue. To view the Ledger Outstanding Report: Go to Gateway of Tally > Display > Statements of accounts > Outstandings > Ledger The same report has a C:Contact button on the screen. It facilitates viewing of the address and contact details of the selected party. E-mail outstanding report from Tally.ERP 9 You can also also his outstanding statement from the same screen, without depending on the courier. Tally.ERP 9 has reduced the time taken and increased your effectiveness by allowing you to follow up with your debtors in simple, easy steps. Imagine the time and cost you save on every such transaction, You can also use this email facility to exchange information with your chartered accountant as well as other organizations. To email a report from Tally.ERP 9 execute the following steps: Go to Gateway of Tally > Display > Statement of Accounts > Outstanding > Ledger 1. Select the required Ledger Account from the List of Ledger Accounts. 2. Click M: Email or press Alt + M. read less