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TALLY ERP 9

WHAT IS ACCOUNTING
Accounting is a process of
Identifying
Recording
Summarizing
Reporting
Economic information for decision making for finalizing the financial statement.

Accounting helpful for


Suppliers
Customers
Employees
Banks
Suppliers of equipment`s, buildings and other assets
Owners

TYPES OF ACCOUNTS
Real account
Personal account
Nominal account
Real accounts
1. It is relating to properties and assets owned by the business concern.
2. It include tangible and intangible accounts.
3. Land, building, goodwill, purchases, cash.
Personal account
1. It is relating to a person
2. Suppliers, lenders, customers
Nominal account
1. it is related to income and expenses
2. salary, dividend, sales,

Golden Rules
REAL ACCOUNTS

PERSONAL ACCOUNTS

NOMINAL ACCOUNTS

DEBIT

WHAT COMES IN

THE RECEIVED

ALL EXPENSES AND LOSSES

CREDIT

WHAT GOSE OUT

THE GIVER

ALL INCOMES AND GAIN

Real account
Debit what comes in / credit what gose out
eg.,
1) Purchased goods from Meenu for cash 15,000
Goods /Stock a\c
dr 15000
Cash a\c
cr
15000

Personal Account
Debit the Receiver / Credit the Giver
eg.,
1) Sold goods to Tanu for cash 16,000
Cash a\c
dr
16000
sales a\c
16000

Nominal Account
Debit all expenses and losses\ credit all income and gain
eg.,
1) Received commission from Mr. Air by cheque 5,000
bank a/c
dr
5000
comission a\c
5000
2) Wages paid 15,000
Wages a/c dr
15000
cash a\c
15000

WHAT IS TALLY
Tally is accounting software
It is used to record day to day transactions, preparing balance sheet etc.
It is user friendly business software, which makes business account easy and faster.

Managing single and multiple groups is very important feature of tally.


Tally is an application software.

WHAT IS TALLY
It down not require writing any special program for calculating.
Tally stores all information about each account in detail.
It is very secured against data tempering.
It reduces the work.
In manual process, after entering daily transaction user has to create trading account, trial
balance, profit & loss account, ledger, balance sheet. But in Tally, user just enters daily entry
and get balance sheet.

Start up screen of tally

Start Up Screen of Tally


Title bar:

Displays the version number of Tally.ERP 9

Horizontal button bar:

Selection of Language key, Keyboard Language and Tally.ERP 9 Help

Close button:

Performs the standard Windows Operating Systems function (Windows 95 onwards),


Allowing you to Close / Quit Tally.ERP 9 and work on other applications.
To restore Tally.ERP 9, click the Tally.ERP 9 icon on the task bar

Gateway of Tally:

Displays menus, screens, reports and accepts the choices and options which you select to view data as
required

Start Up Screen of Tally


Buttons toolbar:
Displays buttons which provide quick interaction with Tally.ERP 9. Only but-tons
relevant to the current task are visible.

Calculator Area:
Used for calculator functions .

Info Panel:
Displays Version number, License details, Configuration details

COMPANY CREATION

FEATURES OF TALLY (f11)


ACCOUNTING FEATURES (F1)
INVENTORY FEATURES (F2)
STATUTORY FEATURES (F3)
ADD - Ons (F6)

ACCOUNTING FEATURES (F11)


GENERAL

OUTSTANDING MANAGEMENT
COST/PROFIT CENTERS MANAGEMENT

INVOICING
BUDGET SCENARIO MANAGEMENT
OTHER FEATUERS

GENERAL
Integrate accounting and inventory
Income/Expenses statement instead of P & L
Allow multi-currency

Outstanding's Management
Maintaining bill-wise details
Activate Interest calculation

Cost/Profit centers managements


Maintaining payroll
Maintaining cost centers

Invoicing
Allow invoicing
Use Debit/Credit Notes

Budgets & scenario management


Maintain budgets and controls
Use reversing journals and optional vouchers

Other Features

Enable cheque printing


Allow zero valued entries
Maintaining multiple mailing details of company and ledger
Enable company logo

Inventory features
GENERAL
Storage classification
Order processing

INVOICING
Purchase management
Sales managemet
Other features

GENERAL
Integrate accounting and inventory
Allow zero valued entries

Storage Classification

Maintain multiple godowns


Maintain stock categories
Maintain batch wise details
Used actual and billed Qty

Order processing
Allow purchase order processing
Allow sale order processing
Allow job order processing

Invoicing
Allow invoicing
Use Debit/Credit Notes
Separate discount column on invoice

Purchase Management
Track additional costs of purchase

Sales Management
Use Multiple Price Level

Other Features

Use Tracking Numbers


Use Rejection inward/Rejection outward
Use Material in/out
Use cost tracking for stock item

Statutory & taxation


Enable excise
Enable Value Added Tax(VAT)
Enable Service Tax
Enable Tax Deducted at Source(TDS)
Enable Tax Collected at Source(TCS)
Enable Fringe Benefit Tax(FBT)

CONFIGURATION (F12)
It is provided for Accounting, Inventory & printing options and are
user-definable as per your requirements.
It is applicable to all the companies residing in that Tally.ERP 9 Data
Directory.
This option vary depending upon the menu display.
i.e., if you press F12: configure from Voucher entry screen, the
respective F12: Configurations screen is displayed.

CONFIGURATION (F12)

GENERAL
NUMERIC SYMBOLS
ACCTS / INVENTORY INFO
VOUCHER ENTRY
INVOICE / ORDERS ENTRY
PRINTING
DATA CONFIGRATION
TDL CONFIGRATION
ADVANCE CONFIGRATION
LICENSING
QUIT

CONFIGURATION (F12)
General
You can configure Country Details, Style of Names,
Dates and Numbers in the General configuration
screen.
COUNTRY DETAILS
STYLE OF THE NAMES
STYLE OF THE DATES
CONFIGRATION OF NUMBERS
OTHER OPTIONS

CONFIGURATION (F12)
Numeric Symbols
You can configure Number Styles and Symbols used to represent
Positive Numbers, Negative Numbers.

Debit Amounts and Credit Amounts by using Numeric Symbols.


This is displayed on the Number Styles configuration screen.

CONFIGURATION (F12)
Accts / Inventory Info.
The fields pertaining to both Accounting and Inventory
Info. can be configured from this menu.

CONFIGURATION (F12)
Voucher Entry
Both the Accounting and Inventory Vouchers can be configured
from this menu for additional information.

CONFIGURATION (F12)
Invoice / Orders Entry
The Invoice entry and Order entry screens can be configured for
additional information such as export details, shipping details, etc.
Printing
This configuration helps the user to configure the printing screens for
the reports and transactions.
Data Configuration
This configuration helps the user to define location of Language Files,
Tally Configuration File, Export Files, Data Files and details of the companies
to be loaded on startup.

TDL Configuration
This screen provides details regarding TDL Configuration viz., Local TDLs, Account
TDLs & Remote TDLs enabled for the product.

Advanced Configuration
This configuration helps the user to specify Client/Server Configuration,
Connection configuration and Proxy configuration for ODBC connectivity and
Synchronisation of Data.
Licensing
This configuration helps the user to update, surrender, reset license and also
configure existing License.

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