Escolar Documentos
Profissional Documentos
Cultura Documentos
WHAT IS TALLY?-
Tally is accounting software or an accounting package. Tally package was
developed by “Tally solution pvt ltd” in 1988, which was formerly known as
“peutronic pvt ltd”.
It is India’s most popular accounting software. It is simple and most popular and
powerful management software to handle transaction functions such as, financial
accounting, and inventory management, sales &purchases etc.
Versions of tally:-
• Tally 4.5
• Tally 5.4
• Tally 6.3
• Tally 7.2
• Tally 8.1
• Tally 9.0
• Tally 9.0 with ERP
Nominal a/c All expenses & losses All incomes & gains
It is the amount of tax that is added to the main value of the product. The vat can
be two types, Input vat and output vat.
VAT RATES:-
VAT @4%-The largest no of goods like medicine and drugs, agricultural and
industrial inputs come under 4% vat rate.
VAT @1%:-The specific category of goods like gold, silver is under 1% vat rate.
VAT @12.5%:-The remaining commodities are under the general vat rate 12.5%.
Tally.ERP 9 - Overview
You bank and pay utility bills from home, why not do your business accounts? Or
call up a stock status report and print a copy from wherever you are? Tally.ERP 9
has been designed with you in mind. Powerful connectivity makes information
available with your staff, CA and other professionals, round-the-clock, in any
place. It's also quick to install and allows incremental implementation-a novel
capability that lets you activate just as many of its functions when required, even
across locations.
Advantages of Tally.ERP 9:
Accounting
All your accounting requirements are supported. And more. Accounting, also
known as bookkeeping, is the recording and classifying of financial transactions
into the books of accounts and associated registers.
Let us look at the some of the 'needs' for which businesses maintain books of
accounts:
We have been perfecting this 'simple' recording - accounting - from over twenty
years. All this to deliver better, faster and more flexible ways to fulfill your needs,
not just maintain books of accounts. A few examples will illustrate:
• with the entry of a voucher (this is what we call all accounting transactions) all
books of accounts, all reports, all totals & sub-totals are updated instantly. There is
nothing more that needs to be done - whether you are inserting a forgotten entry,
or correcting one
• Taxation requirements of all the states of India are available, in the prescribed
formats
• Supporting tasks like reminder letters, delayed interest, ageing, bank
reconciliation
• One single dashboard to look at all important business ratios
• Drill down from any report, even the Balance Sheet, right to any voucher or filter
and search
• Data entry in the language of the users choice - and report in any other language
(from the languages supported)
• Mark vouchers that are draft as 'optional' and convert these to final- with one
button click
Tally.ERP 9 comes with rich features & financial reports that give you the
necessary management and control of your business. A few of these are listed
below:
• Funds Flow & Cash Flow reports – help you locate bottlenecks
• Bank reconciliation - keeps your bank books in sync, and identify unclear
instruments
• Mark vouchers post dated - these will reflect into the books of accounts only
on/after that date
• For needs where reports have to consider a transaction that has not happened (say
salaries for this month that get paid the next month) vouchers (called 'reversing
journals') can be marked to 'disappear' for reports post a specific date
• "Scenario" management - helps you with your business forecasting and planning.
You can use optional, reversing journals and memorandum vouchers, to aid in
recording provisional entries that are useful for interim reports
• Multiple inventory valuation. You can decide one valuation method for the
business, and be able generate financial reports using any other valuation method -
as the statutory method may not be appropriate for your needs, your bankers and
for other decisions
• Cash balances can go negative - you can get warned if this is about to happen, or
see reports and make the necessary corrections
• Several business exceptions are available (negative stocks, negative ledgers) - for
you to exercise control over these activities
• A one-screen business ratios with drill down right up to the transactions - help
you to correct course frequently
• Item wise & document wise profitability statements to control revenue leakage
and inappropriate pricing
• Internal audits are supported with audit controls - authorized users can mark
vouchers as 'audited' and can get to see reports on changes made post audit, and
the name of the person making the change
Inventory Accounting & Management
If you deal in goods, of any type, you'll appreciate the Inventory capabilities in
Tally.ERP 9.
You can comprehensively record all types of inventory transactions, using goods
receipt notes, delivery notes, stock journals, manufacturing journals and physical
stock journals. All stock movements are fully recorded and maintained in stock
registers.
Manufacturers:
Traders:
Common:
• You can choose to de-link the computed inventory value to automatically appear
in your financial statements - and enter this figure manually.
• Stock ageing reports, to identify slow and non-moving stocks
• Invoice profitability reports to keep a pulse on sale
Tally ERP9
Benefits of Tally.ERP 9
TDS (Updated!)
• Single Expenses Ledger for Multiple Nature of Payment
• Single TDS Duty Ledger for Multiple Nature of Payment
• Booking & Deducting TDS in the same voucher
Unified Ledgers – integrates your general, sales and purchase ledgers into a
single ledger, organized in groups, for easy management.
Comprehensive Accounting – lets you instantly obtain your balance sheets, profit
& loss statements, cash and funds flows, trial balances, and others.
Ratio Analysis – offers you a bird’s eye view of your company, through a single
sheet performance analysis, based on a range of key performance ratios.
Budgeting – gives you unlimited budgets and periods. For example: original and
revised budgets.
Security Control – enables you to define security levels for access control.
Powerful Audit capabilities - allows you to track mala fide changes, while
making genuine corrections with unparalleled ease.
Unlimited Cost/Profit Centers with power project oriented reporting – gives you
multi-dimensional analysis and comparisons, with an unlimited classification of
analysis criteria.
Interest Calculation – enables you to calculate interest on dues, loans etc., based
on certain set criteria or specified dates and time periods. You can also customize
the calculation of interest to change after a certain time period, or based on other
pre-defined conditions.
Flexible Units of Measure – helps you track stock, irrespective of the units of
measure. For example, when you buy in tons and sell in kilograms or buy in
crates and sell as pieces.
Management Reports – gives you party-wise details of goods bought and sold
and through movement analysis, helps you identify customer buying patterns.
Stock query is a unique single sheet report that gives you information on stocks
at different locations, as well as stock in hand of substitutes.
Stock Ageing – identifies stocks based on age, thus helping you to dispose of old
stocks quickly.
Batch Support – helps you exercise stock control at the batch level, by generating
reports such as ‘batch-wise’ reports and ‘expiry date’ based details.
Comprehensive Order Status Reports – ensures that you stay on top of your
stocks order position. You can also specify re-order levels in absolute quantities,
or based on previous consumption.
Sales & Purchase Orders – enables you to record orders with a complete cycle of
recording and allocation through inventory deliveries, invoicing and accounting -
maintaining the trail right through. Single sheet reports give you details of
current stocks, orders due for delivery, orders due for receipt, or shortfalls, if
any. You can also get party-wise or item-wise details of orders outstanding
and/or fulfilled.
Invoicing – You can print, export, e-mail or publish sales invoices that are
generated directly from Tally.ERP 9. This comprehensive invoicing system
allows flexible handling of charges and taxes. You can choose from different
invoice formats and adopt them as your own, or design a completely different
layout.
Reorder Levels - allows user-defined Reorder levels for any given period, thus
helping you avoid excess stocking of items while ensuring that you don’t run out
of essential stock.
Multiple Price Levels - allows you to pre-define item rates for specific categories
of customers, enabling faster and error-free invoicing and data entry.
Concurrent Multi-lingual Capability – allows you to expand your business
beyond geographical boundaries without worrying about language barriers. You
can maintain your accounts in one language, view reports in another language
and send invoices to your customers in yet another language, all at the press of a
button
¾ Contra voucher(F4)
¾ Payment voucher(F5)
¾ Receipt voucher(F6)
¾ Journal voucher(F7)
¾ Sales voucher(F8)
¾ Purchase voucher(F9)
Contra voucher:-In contra voucher, only bank transactions are entered
Payment voucher:-In payment voucher, only cash payments are entered
INVENTORY INFO.
In purchase voucher
In sales voucher
PAYROLL:-
• Employee group creation
• Employee creation
• Pay heads