Uploaded October 2025 | Updated September 2026, 2 weeks ago
Master Tally Prime's most powerful feature for managing payments! In this detailed, step-by-step tutorial, we break down the Bill-by-Bill (or Bill-wise Entry) feature, the ultimate tool for tracking every single invoice for your customers (Sundry Debtors) and suppliers (Sundry Creditors).
Stop seeing just a single balance for your parties and start managing your outstanding receivables and payables with precision. We'll guide you through the entire process, from initial setup to handling complex scenarios like advance payments.'
00:00 Introduction
01:10 Enabling Bill by Bill
📌 In This Tally Prime Tutorial, You Will Learn:
- How to Enable the Bill-wise Feature: The first essential step to get started (F11 Features).
- How to Configure Ledgers: Set up your customer and supplier accounts to maintain balances bill-by-bill.
- Setting Default Credit Periods: Automatically calculate due dates for your invoices.
- The Overdue Warning Feature: Learn how to use the "Check for credit days" option to get alerts for customers with pending payments.
- Recording Purchases & Sales: Correctly create new bill references (New Reference) for every transaction.
- Viewing Outstanding Reports: Navigate to the Receivables and Payables reports to see all your pending bills, due dates, and overdue days.
- How to Settle Invoices: Use Against Reference to easily clear pending bills when making or receiving payments.
- Advanced Scenarios: Master how to record and adjust advance payments from customers.
🔔 STAY TUNED!
In our next video, we will explore a related powerful feature: Interest Calculation on overdue bills. Make sure you subscribe so you don't miss it!
👍 Did you find this video helpful?
If so, please give it a LIKE and SHARE it with others who might benefit. Don't forget to COMMENT below with your questions or what you'd like to see next!
SUBSCRIBE to our channel for more Tally Prime tutorials and tips to make your accounting easier and more efficient.
Thanks for watching!
#tallyprime #tallytutorial #tally
Master Tally Prime's most powerful feature for managing payments! In this detailed, step-by-step tutorial, we break down the Bill-by-Bill (or Bill-wise Entry) feature, the ultimate tool for tracking every single invoice for your customers (Sundry Debtors) and suppliers (Sundry Creditors).
Stop seeing just a single balance for your parties and start managing your outstanding receivables and payables with precision. We'll guide you through the entire process, from initial setup to handling complex scenarios like advance payments.'
00:00 Introduction
01:10 Enabling Bill by Bill
📌 In This Tally Prime Tutorial, You Will Learn:
- How to Enable the Bill-wise Feature: The first essential step to get started (F11 Features).
- How to Configure Ledgers: Set up your customer and supplier accounts to maintain balances bill-by-bill.
- Setting Default Credit Periods: Automatically calculate due dates for your invoices.
- The Overdue Warning Feature: Learn how to use the "Check for credit days" option to get alerts for customers with pending payments.
- Recording Purchases & Sales: Correctly create new bill references (New Reference) for every transaction.
- Viewing Outstanding Reports: Navigate to the Receivables and Payables reports to see all your pending bills, due dates, and overdue days.
- How to Settle Invoices: Use Against Reference to easily clear pending bills when making or receiving payments.
- Advanced Scenarios: Master how to record and adjust advance payments from customers.
🔔 STAY TUNED!
In our next video, we will explore a related powerful feature: Interest Calculation on overdue bills. Make sure you subscribe so you don't miss it!
👍 Did you find this video helpful?
If so, please give it a LIKE and SHARE it with others who might benefit. Don't forget to COMMENT below with your questions or what you'd like to see next!
SUBSCRIBE to our channel for more Tally Prime tutorials and tips to make your accounting easier and more efficient.
Thanks for watching!
#tallyprime #tallytutorial #tally
