PROJECT ON TALLYCOMPILED BY: AKSHITA MODI Roll no : E-23 PROJECT ON TALLY COMPILED BY: PALIKA MEHTA Roll no : E-21 . PROJECT ON TALLY COMPILED BY: JAGRITI BANSHTU Roll no : E-22 . INDEX TOPIC INTRODUCTION USE OF TALLY BENEFITS AND ADVANTAGES OF TALLY CREAT AN INVOICE SELECTION OF MENU ITEMS WORKING OF TALLY CONCLUSION BIBILIOGRAPHY REMARKS . 9. Tally 9 is the wonderful accounting software . It uses three fundamental formula for recording : Ist formula : is to record different companies¶ creation.2. if you have not create ledger account of that voucher entry . Tally 9 can easily operate by non commerce background persons also .In the bill wise voucher entries there no need of journal entry . suppose if you want to pass voucher entry but . display and alteration 2nd formula :is to record all ledger accounts vie create.e . Tally 9 is pure on this desire of businessman. and service tax rate etc. All work in this software is under good discipline . 6. But these days Tally 9 is in use as it fulfills the suitability of enterprises. TALLY 5. inventory and control.There is no difficulty in operating tally 9 . Tally 9 the accounting software include also different data base of tds items. It is a method to calculate the accounting activities. then tally will not pass the voucher entry at . 7.3.From a small sole trade business to large scale multinational companies accounts can easily keep in tally 9 data base .That is also in real .2.That is good point of tally 9 and it goes to the favors who do not know double entry system. India's leading company in business accounting software. Tally solution Co.It got good reputation in the field of business . There are different versions of tally i. 's main slogan is simplicity .INTRODUCTION Tally is a accounting software package and it is used in financial accountig. 8. Education of tally 9 is very simple. display and alter under different head or master accounts.4.A businessman wanted an accounting software which be handled easily. Bharat Goenka is the managing director of Tally Solutions. accounting software . 3rd formula: is to record all voucher entries. For this just press Alt +C for creating ledger account in accounting voucher. .that time tally 9 gives you facility to make ledger account in accounting vouchers . Effective utilization of configuration button.bearer for all businessmen who were facing difficulty to record all their branches transactions tally 9's simple cost center feature solve all problems regarding record of transaction more than one job . In tally 9 we can easily record of sale trade. In company creation audit feature can easily include. The double security system of tally 9 is very good from security of data point of view and preventing Anonymous access point of view. 1. share market and money market business records and other service and professional sector records. machine . branches and sub branches. Association of Indian Chartered Accountant India also happy by use this software because they can audit the accounts on tally 9 very easily. order of purchase bill wise entry and recording of forex accounting. Import. automatic interest calculation and fringe benefit tax calculation. print. MNC. partnership firm. export. 3. Tally 9 is single Software which provides the facility of bank reconciliation. Tally 9 is becoming torch . email. department . According to AK Nandani who is 20 years experience in the field of accounting and system analyzing says that tally 9 provides the scientific system to businessman through its invoice. Multiple ledger creation. web publishing direct from tally 9 software is the one of major reason of its popularity. Bank reconciliation in tally 9 is very good for auditing point of view. process . .USES OF TALLY Tally 9 provides good accounting environment. some Govt. Sector's large institution is also adapting tally 9 accounting software. 2. Speed can be increase in tally 9 up to 30 to 40% from simple voucher entry passing through following way. We can do comparison of its extra large facility regarding its VAT calculation. Effective use of short cut commands of tally 9. business of commission agents.Now. Tally 9 offers the following unique benefits: Concurrent Multi-lingual Capability: Operate in any language of your choice. Apart from helping you increase productivity and reducing costs. Multiple methods for calculation of salaries. Enter data using normal keyboards with Tally phonetic keyboard support provides transliteration support for Indic family of languages.Calculation of PF and Gratuity Support for expatriate employee processing and generation of expiry reports POS Invoicing: Invoice printing on 40 column paper in continuous mode. it is without a doubt. multi-mode payment Integration with accounts and inventory Statutory & Taxation: VAT Compliance. view reports in another language and print them in yet another language. batch support. So. Passport and Visa details and contract information.This greatly improved performance and stability in Tally 9 is the result of a remarkable amount of re-engineering. Enhanced Payroll Management that includes: Capturing of employee related information like general employee details.Barcode support. more powerful than ever before. while Tally 9 has multiple features and functionalities. payment details. Sales Tax and Service Tax compliance . Tally 9 now comes with advanced Payroll and POS Invoicing capability and several minor functional augmentations. Auto-generation of payslips including multiple payslip printing. at the same time.BENEFITS AND ADVANTAGES OF TALLY The revolutionary Tally Business Accounting software with concurrent multilingual capability has now been enhanced to offer far superior performance. Faster data entry and calculation. statutory details.Tracking of loans and advances. concurrently ± this means that you can enter accounts in the language of your choice. accurate data entry Manage your future dealings with bad debtors and persistent defaulters ± using the payment performance of debtors feature. No need to hire specialised resources ± since Tally 9 is very simple to learn and the easy interface enables you to navigate the software without difficulty. Sheer Power ± Tally 9 has the ability to handle huge volumes of transactions without compromising on speed or efficiency Real-time access to information ± enables quick decisions through fast and easy sharing of data from Tally. Accurate information tracking. to help you ensure on-time collections and generate reminder letters Amazing Accuracy ± Tally 9 provides user-definable templates for fast. designed to meet the growing needs of your business. Better cash flow and savings on interest ± by using the µreceivables and payables¶ management feature. receivables and payables management etc. quicker data entry and retrieval ± thanks to the integrated system that ensures real-time linking of accounts and inventory . that provides you with product-wise and invoice-wise profitability Avoid stocking excess items and ensure that you don¶t run out of essential stock ± by using the reorder feature. to identify them Faster and error-free invoicing and data entry ± using the multiple price levels feature to pre-define item rates for specific categories of customers Identify products with high or low margins ± with the profitability analysis feature. The following are the powerful advantages that you can enjoy with this versatile and robust solution: Expand your business ± with the concurrent multi-lingual capability and multi-currency features that allow you to transact beyond geographical boundaries. without language barriers.ADVANTAGES: Tally 9 is the ultimate business solution. Blazing Speed ± provides you with the information you want . to set reorder levels for any given period Better planning and dramatic improvement in co-ordination of your operations with reduced paperwork ± as a result of using the integration across functions feature Reduce costs and increase productivity ± using features such as inventory management. 2.50 for vat 12.5% In the same manner for all item covered under 4 % VAT the ledgers say 96% for sales ledger and 4% vat Create a new Voucher Type (Accounts Information ( Voucher Type ( Create) under sales say eg. Vouches class as any name now you will find Exclude and include the groups. Tally 8. SELECTION OF MENU ITEMS These options will appear: Using arrow key(position cursor on the item press<enter>) Press hot key.0 y y y y y y y y While altering an item press F-12 ( Specify default ledger allocation ( Set as (Yes) Create / Alter an Item (Inventory Masters)( Now you will find an option set/ modify defaults ledger allocation for invoice ( Set it as Yes (Yes) For Item under 12. You can set as per requirement or can just set it as not applicable It will ask for sales ledger now select the sales ledger (any sales ledger ) as 100% Note now you will get an option ³over ride item by defaults´ set as yes.highlight character Double click the items .. Accept the voucher and make sales entries under this voucher and check the same.To create an Invoice with different rates in one Invoice in Tally 7.5 % now Specify ledger allocation for sales ledger say 87. (multi tax sales ) under sales voucher.1 and Tally 9. menu master. Alt + F10:To create the reverse journal voucher. F2: Change date after completing the entries or reports of a particular date.WORKING OF TALLY After the installation of Tally software there are three areas for working i.e. F6: To create the receive voucher. F8: To create the sales voucher. There are several shortcuts for enabling working of tally: F1: Select Company. . F5: To create the payment voucher. Alt + F1:To see the detail report or to clase the company. Ctrl + F9:To select debit note voucher. button. F4:Select the contra voucher. F7: To create the journal voucher. Ctrl + F8:To select a credit note voucher. F11: To create the special function. this enbles you to select another company and add it to the list of selected companies. F3: Create company. Ctrl + F10: To create the memorandum voucher. Alt + F9:To create purchase voucher. Alt + F2:To view the filters screen where the range or information can be specified Alt + F3:To see the company info menu and change the system period. F12: To create configure. machine . Tally has its various functions like accuracy. analyze and therefore interpret the result.CONCLUSION Tally is a reformed way for entering various entries in form of journal.bearer for all businessmen who were facing difficulty to record all their branches transactions tally 9's simple cost center feature solve all problems regarding record of transaction more than one job . automatic interest calculation and fringe benefit tax calculation . Import. profit & loss statement etc. Tally is thus a revolution in business world. consistency.We can do comparison of its extra large facility regarding its VAT calculation. Tally 9 is becoming torch . email. It is a software used in computer to record. output etc. branches and sub branches. process . print. department . ledgers. export. Tally helps the accountant to do his or her work efficiently. Tally 9 provides good accounting environment. trail balance. web publishing direct from tally 9 software is the one of major reasonpopularity. BIBLIOGRAPHY y INTERNET y INFORMATION AND ITS APPLICATION IN BUSINESS BY:Gurvinder singh Rachpal Singh Uttam Singh .