PAGE NO. 1. Basic Principles of Accounting Guidelines on Basic Accounting Principles and Concepts Please double Click on Tally ERP9 Icon or select. maltmagecapski.ga 9 is easy to download, quick to install, and easy to learn and use. Tally. ERP 9 pioneered the 'no accounting codes' concept. maltmagecapski.ga 9. maltmagecapski.ga 9 is easy to download, quick to install, and easy to learn and use. maltmagecapski.ga 9 is designed to automate and integrate all your business operations, such as.
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The information contained in this document is current as of the date of publication and subject to change. Because Tally must respond to changing market. Everyone well to comprehend that maltmagecapski.ga 9 is the world's speediest and most uncommon synchronous Multi-lingual business, Accounting and Inventory. Lesson 5: Voucher Entry in maltmagecapski.ga 9. In accounting terms, a voucher is a document containing the details of a financial transaction. For example, a download.
The user can also download the latest release of 15 Fundamentals of Tally.
ERP 9 Tally. ERP 9 as and when it is available. The Tally website also offers Tally Chat, by which a user can communicate with a Tally representative and get required information. Ability to preview and publish reports and documents on the Internet: Companies which want to publish reports and price lists on their website can do so directly from Tally.
E-mail Facility: Tally. ERP 9 facilitates the mailing of any Tally. ERP 9 report or document. Multilingual capability: Tally is the world's first accounting and inventory software with multilingual capability. Currently, Tally. ERP 9 enables you to enter data in one language and have it transliterated into different lan- guages.
You can generate invoices, download orders or delivery notes in the language of your choice after entering data for the same in any of the nine specified languages.
Also, the phonetic keyboard allows you to spell the term phonetically based on how it sounds and Tally. ERP 9 displays the data in the language selected after transliteration. Point of Sale can be a retail out- let, a check out counter ina shop, or any other location where a sales transaction takes place.
It is a computorised cash register which adds up the sales totals, calcutates the bal- ance to be returned to downloader and automatically adjusts the inventory level to reflect the quantity sold. The equipment required for POS to work effectively are cash registers, card readers, bar-code scanners and so on. ERP 9 Payroll is integrated with Accounting and benefits the user by simplifying Payroll processing and accounting.
The user can also align and automate payroll processes and directly integrate them with main stream account- ing applications. ERP 9 has the ideal solution for those who have their data in Tally 7. ERP 9 provides a migration tool which helps the user to migrate the data easily to the latest version and continue with day-to-day transactions.
Tally 6. Tally 8.
ERP 9 Start-up Tally. ERP 9 or double click on the Tally. ERP 9 icon on your desktop The welcome screen Tally. ERP 9 — Power of Simplicity appears while the software loads. You will be ready to explore Tally.
ERP 9, the moment the Tally. ERP 9 start up screen appears. The Tally. ERP 9 Figure 2. ERP 9 Start - up screen 2. ERP 9 version number. ERP 9 Help. Close button: Performs the standard Windows Operating Systems function Windows 95 onwards , allowing you to minimise Tally.
ERP 9 and work on other applications. To restore Tally. ERP 9, click the Tally. ERP 9 icon on the taskbar. ERP 9 Gateway of Tally: Displays menus, screens, reports and accepts the choices and options which you select to view data as required.
Buttons toolbar: Displays buttons which provide quick interaction with Tally. Only buttons relevant to the current task are visible. Calculator Area: Used for Calculator functions. ERP 9, use the following conventions. Double-click Press and release the left mouse button twice, without moving the mouse pointer off the item.
Choose Position the mouse pointer on the item and click the left mouse button.
Select Position the mouse pointer on the item and double- click the left mouse button. Press Use the keys on the keyboard in the combination shown. Fn Press the function key. ERP 9 first loads, the Gateway of Tally screen displays. A green bar highlights the active area of the screen. ERP 9 You can exit the program from any Tally. ERP 9 screen, but Tally. ERP 9 requires all screens to be closed before it shuts down.
To quit working on Tally. Yes or No? Press Enter or Y, or click Yes to quit Tally. You can also press Enter while the option Quit is selected from Gateway of Tally.
ERP 9 The first step towards understanding Tally. ERP 9 is to create a company in Tally. Create a company using the Company Creation screen. Figure 2. To navigate between the fields, use the enter key or the tab key or arrow keys or the mouse.
Fields Description Directory Tally. ERP 9 assumes that the company is to be created in the data path given in the Tally. INI file, which is displayed by default. This field is skipped by default. However, you can change this path, if you want to, by using the backspace key, so that Tally. ERP 9 saves the data to a different directory specified by you. If you have several companies to create with similar names, you will have to distinguish between them to provide a unique name for Tally.
Mailing Name The company name given in the Name field automatically appears in this field. This can be changed according to your requirements. The correct name of the company for mailing purposes should be entered. Address The address of the company The mailing name and address details are picked from here for any report such as balance sheet and statement of accounts. Statutory Compliance Select India from the list of countries. Telephone No. Enter the telephone number of the company. E- Mail E-mail address will be used to e-mail documents, reports and data from Tally.
Mobile No. Enter the mobile number of the company. Currency Symbol This refers to the currency symbol Tally. ERP 9 will use for monetary values. By default, Tally. ERP 9 displays Rs. Maintain Select the nature of the company i. ERP 9 considers 12 months from the date you give here as the Financial Year.
From However, we can specify the actual date on which the books of accounts start. In case our accounts are opened mid-way during the financial year specified, we can enter the required date and start the books of accounts accordingly.
TallyVault Password TallyVault is an enhanced security feature utilised to protect company data in an encrypted form by means of a Password. The TallyVault password entered ensures that the data is maintained permanently in an encrypted form without retaining information of the password used. Data is not accessible without the TallyVault password.
Remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered. Use Security Control Tally. ERP 9 will automatically adjust the spacing between the charac- ters and lines entered to ensure that the details fit the space available. ERP 9 recognises a wide range of date formats, e. ERP 9 needs to know the default currency for the company and how the amounts should be shown on the screen and in the reports. Formal name Complete name for the currency symbol.
By default, this is set to Indian Rupees. Number of decimal places By default, this is set to 2. Is symbol suffixed to amounts? By default, this is set to No. For example, in India, we place the Rs symbol in front of amounts.
Symbol for Decimal Portion Enter the decimal portion for the cur- rency mentioned. Enter Paise. Show amounts in millions? ERP 9 caters to currencies where the different parts of large amounts are called by special names. Put a space between amounts and symbol?
By default, this is set to Yes. Decimal Places for Printing Amounts in You can specify the number of decimal words places to print the amount in words.
This number should be equal to or lesser than the number specified in Number of Deci- mal places field. However, if the Multi-currency feature of Tally. ERP 9 is activated - then Tally. Let us create a company in Tally. ERP 9 taking the example of National Traders who downloads computer equipments, components and softwares and sells it to other companies and to the direct customers. ERP 9 Show amounts in millions?
No Is symbol suffixed to amounts? No Put a space between amounts and symbol? Yes The completed company creation screen is displayed as shown below: Figure 2. The Gateway of Tally screen will appear as shown below: 24 Fundamentals of Tally.
You can select the company to work with and close the company when it is not required.
The main feature of memorandum vouchers is that it does not affect your accounts unless you convert it to a general voucher. It is a kind of memo in Tally but in the form of an accounting entry. There are many situations like the one above in which we are not sure what will be the amount of the entry. In all those cases, we can use the memorandum voucher. Go through this post on Memorandum Vouchers in Tally and you will learn it all. It is packed with different examples. What if you get a cheque today but the date on the cheque is 10 days from now.
It is a post dated cheque and giving post dated cheques is a very common practice. In this case, you can create a post dated voucher in Tally. Not just for post dated cheques, you can use it for any entry which is post dated in Tally. Above vouchers are somewhat advanced and therefore I call them advanced vouchers in Tally. For example, if you are selling mobiles, iPhone X is a stock item.
Similarly, iPhone 8 is another stock item. You can also group all the iPhones together in a group called Apple because Apple sells iPhones. This is called a Stock Group in Tally. Total stock items you sold are 13 iPhones. So what we did here? We measured the iPhones sold by numbers which is It is called Units of Measure in Tally. Now, if you are selling milk instead of iPhones, you will measure the milk in liters.
Here the unit of measure is liters. Similarly, depending upon the products you sell, units of measure can be numbers, liters, kgs, meters, inches and so on.
You can maintain your entire stock or inventory in Tally. That is why I am asking you to learn how to create and use stock items, stock groups and units of measure in Tally. I have created two different posts regarding creating and using stock items in Tally. First one is on how you can create stock items, stock groups and units of measure in Tally and second one is on how to use stock items, stock groups and units of measure in Tally.
Go through it and I am sure you will learn a lot about Tally which most of the people do not know. Mostly, people are confused about stock management in Tally and I have made it extremely easy for you to understand it.
Stock Items and Stock Groups in Tally Go through it and I am sure you will learn a lot about Tally which most of the people do not know. You can also create stock market entries in Tally with the help of stock items in Tally so please understand the notes about stock management in detail. This is what the next part is in our Tally ERP 9 notes. Roti We need raw materials like flour, water, spices and so on. Our finished product will be roti. What if you can create an entire entry like this in Tally?
You can and that too with very much ease. This kind of entry is called manufacturing entry in Tally. It can also be used for assembly of goods. You are just putting rotis in packaging and selling. This is called assembling a product. The same manufacturing or inventory entry can also be used for assembly of products too.
Cars are assembled on the assembly because their parts are often manufactured by different companies.
Watch the below video and you will learn how to create a manufacturing entry in Tally. It is something everyone knows but still they are confused many a times. It gets automatically created when you create different vouchers or in simple words, when you pass accounting entries, Tally will build Balance Sheet and Profit and Loss Account for you. There are certain options in balance sheet in Tally which you can use which will help you in understanding balance sheet even better.
For example, you can convert the balance sheet in Tally to a vertical format as per the Companies Act with a click of a button. Similarly, you can use options for profit and loss account in Tally as well. You can also move in between profit and loss account and balance sheet from each of them itself. Stock Summary is basically a reflection of all of your closing stock in Tally.
You can also see gross profit on the stock items you sold in the stock summary. There are many such options like this which will help you learn about your stock in a very deep sense.
You can also see opening as well as the closing stock that you have in stock summary in Tally. In the following video, you will learn about stock summary in detail along with ratio analysis. Ratios are very important for any business. There are many ratios that Tally calculates automatically including gross profit ratio, net profit ratio, current ratio and so on.
By looking at the ratios, you can quickly know where your business currently stands and how better or bad it is performing and you can take the future actions accordingly.
Here is the video for you.