TALLY ERP 9WHAT 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 it is related to income and expenses 2. goodwill. lenders. It is relating to a person 2. Suppliers. customers Nominal account 1.TYPES OF ACCOUNTS Real account Personal account Nominal account Real accounts 1. It is relating to properties and assets owned by the business concern. It include tangible and intangible accounts. . cash. purchases. sales. Personal account 1. dividend. Land. salary. building. 2. 3. 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 . 000 Goods /Stock a\c dr 15000 Cash a\c cr 15000 . 1) Purchased goods from Meenu for cash 15.Real account • Debit what comes in / credit what gose out eg.. 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 . 000 Wages a/c dr 15000 cash a\c 15000 . 1) Received commission from Mr.Nominal Account • Debit all expenses and losses\ credit all income and gain eg.000 bank a/c dr 5000 comission a\c 5000 2) Wages paid 15.. Air by cheque 5. . • It is user friendly business software. preparing balance sheet etc. • Managing single and multiple groups is very important feature of tally.WHAT IS TALLY • Tally is accounting software • It is used to record day to day transactions. • Tally is an application software. which makes business account easy and faster. . • It reduces the work. ledger. But in Tally. • In manual process. balance sheet. after entering daily transaction user has to create trading account. • Tally stores all information about each account in detail. profit & loss account. user just enters daily entry and get balance sheet. • It is very secured against data tempering. trial balance.WHAT IS TALLY • It down not require writing any special program for calculating. Start up screen of tally . To restore Tally. click the Tally. Allowing you to Close / Quit Tally. Keyboard Language and Tally.ERP 9 icon on the task bar • Gateway of Tally: • Displays menus.ERP 9 • Horizontal button bar: • Selection of Language key.ERP 9 and work on other applications. reports and accepts the choices and options which you select to view data as required .Start Up Screen of Tally • Title bar: • Displays the version number of Tally.ERP 9. screens.ERP 9 Help • Close button: • • • Performs the standard Windows Operating Systems function (Windows 95 onwards). Configuration details . Only but-tons relevant to the current task are visible. • Calculator Area: • Used for calculator functions . License details.Start Up Screen of Tally • Buttons toolbar: • Displays buttons which provide quick interaction with Tally.ERP 9. • Info Panel: • Displays Version number. COMPANY CREATION . Ons (F6) .FEATURES OF TALLY (f11) • ACCOUNTING FEATURES (F1) • INVENTORY FEATURES (F2) • STATUTORY FEATURES (F3) • ADD . 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.ERP 9 Data Directory.. the respective F12: Configurations screen is displayed. Inventory & printing options and are user-definable as per your requirements. • It is applicable to all the companies residing in that Tally. i.e. • This option vary depending upon the menu display. if you press F12: configure from Voucher entry screen. CONFIGURATION (F12) • • • • • • • • • • • GENERAL NUMERIC SYMBOLS ACCTS / INVENTORY INFO VOUCHER ENTRY INVOICE / ORDERS ENTRY PRINTING DATA CONFIGRATION TDL CONFIGRATION ADVANCE CONFIGRATION LICENSING QUIT . 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) • General You can configure Country Details. Style of Names. . .CONFIGURATION (F12) • Numeric Symbols You can configure Number Styles and Symbols used to represent Positive Numbers. Negative Numbers. This is displayed on the Number Styles configuration screen. Debit Amounts and Credit Amounts by using Numeric Symbols. . The fields pertaining to both Accounting and Inventory Info. can be configured from this menu. .CONFIGURATION (F12) Accts / Inventory Info. .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. Data Configuration This configuration helps the user to define location of Language Files. Export Files. Tally Configuration File. Printing This configuration helps the user to configure the printing screens for the reports and transactions. etc. Data Files and details of the companies to be loaded on startup. . Local TDLs. Licensing This configuration helps the user to update. Account TDLs & Remote TDLs enabled for the product. . surrender.. Connection configuration and Proxy configuration for ODBC connectivity and Synchronisation of Data. Advanced Configuration This configuration helps the user to specify Client/Server Configuration. reset license and also configure existing License.TDL Configuration This screen provides details regarding TDL Configuration viz.