YOU MUST KNOW ABOUT Tally.ERP 9. . .   

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  Facilities with Tally.ERP 9   How to Create a New Company in Tally  Different Sections of Gateway of Tally  How to Configure your Company  Enable VAT in Tally  Statutory & Taxation Features in Tally  Accounting Features  Inventory Features

ACCOUNTING FOR VAT & CST

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  How to Alter or Modify your Company Information  How to Open or Select Company in Tally  How to Delete your existing Company  How to Create a Single / Multiple Ledger in Tally  How to Create Single / Multiple Ledger Group in Tally  How to Create Single/Multiple Stock Item in Tally  How to Create Single/Multiple Stock Group in Tally  How to Create Stock Unit of Measurement  Accounting for VAT & CST   

NEW FEATURES Tally.ERP 9 Series A 3.0. . .>> Backup Data Automatically>> Receipt & Payment Accounts>> SMS in Tally.ERP 9>> Banking Module (Allocations & Utilities)>> Bill Settlement>> Cash Flow Projections

VIDEO TUTORIALS Tally.ERP 9"Pay-Roll" in Tally.ERP 9Self-Running Tutorial on "Pay-Roll" in Tally.ERP 9 Accounting Software in Step by Step with Audio effects

 

"TDS (Tax Deducted at Source)" in Tally.ERP 9Self-Running Tutorial on "TDS (Tax Deducted at Source)" in Tally.ERP 9 Accounting Software in Step by Step with Audio effects

 

"VAT (Value Added Tax)" in Tally ERP 9 Accounting SoftwareSelf-Running Tutorial on "VAT (Value Added Tax)" in Tally.ERP 9 Accounting

Software in Stepby Step with Audio effects

 

"Service Tax" in Tally ERP 9 Accounting SoftwareSelf-Running Tutorial on "Service Tax" in Tally.ERP 9 Accounting Software in Step by Step with Audio effects

 

"Bill Of Material (BOM)" in Tally.ERP 9 Accounting SoftwareSelf-Running Tutorial on "Bill Of Material (BOM)" in Tally.ERP 9 Accounting Software in Stepby Step with Audio effects .

 

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STATUTORY & TAXATION IN Tally.ERP 9. . .VAT on Tally.ERP 9 Excise for Dealer in Tally.ERP 9 Excise for Manufacturer in Tally.ERP 9Service Tax Tax Collected at Source (TCS) Central Sales Tax (CST)Capital Goods in VAT Sale of Exempted Goods Sale of   ‘VAT on MRP’ Goods Tax Deducted at Source (TDS) Fringe Benefit Tax (FBT)

 BUSINESS INVENTORY TRANSACTIONS ACTIVITIES . . . in Tally.ERP 9. . .1) 1-4-2011Mr. Swayam Satpathy started a Swayam Agencies by bringing in Capital of Rs.15,00,000 by   cheque and deposited the same in ICICI Bank by opening a new account. 2) 3-4-2011Mr. Swayam withdrew Rs.50,000 cheque for Shop Expenditure from ICICI Bank . ( Cheque No-123451) 3)   5-4-2011

Mr. Swayam purchased Furniture and Fixture worth Rs. 1,50,000 for the Shop by cheque. (Ch. No-123452) 4)   08-4-2011 Mr. Swayam Purchased the following Items from A2Z Traders on Credit.

ItemQuantity

Rate

Value Input VAT Total

High Capacity Stabilizers

100 400 40,000 12.5% 45,000

Open Well Pumps 50 1500

75,000 4% 78,000

Submersible Pumps 100 2000

2,00,000 4% 2,08,000

Gross Total 3,31,000

 5)   10-4-2011 Mr. Swayam issued a cheque to   purchase the following Assets. ( Ch. No-123454)

Assets

Cost Rate of Depreciations

Cell Phone Rs.5,500 15%Computer Rs. 25,000 60%Electrical Fittings Rs. 5,000 10%Motor Vehicle ( 2 Wheeler) Rs. 40,000 15%

More >> ACCOUNTING VOUCHER . . . in Tally.ERP 9. . .Contra Voucher (F4) Payment Vouchers(F5) Receipt Voucher (F6)Journal Vouchers (F7) Sales Vouchers (F8) Credit Note Voucher (Ctrl + F8)Purchase Vouchers (F9) Memo Voucher (Ctrl + F10) Debit Note Voucher ( Ctrl + F9)

 INVENTORY VOUCHER . . . in Tally.ERP 9. . .Delivery Note (Alt + F8 ) Physical Stock Voucher (Alt + F10 ) Purchase Order (Alt + F4 )Sales Order (Alt + F5 ) Receipt Note ( Alt + F9 ) Rejection In   ( Ctrl + F6) Rejection Out   ( Alt + F6 ) Stock Journal   ( Alt + F7 )  

 CHART OF ACCOUNTS ( FREE-Download) . . .Nursing Home Pharmaceuticals Petrol PumpsTour & Travels Manufacturer Retailer & Departmental StoreTraders Wholesellers  

 PAYROLL IN TALLY . . . in Tally.ERP 9. . .Enabling PayRoll in Tally9Creating Pay Head in PayRollCreating Employee Group in PayRollCreating Employee in PayRollSalary Details or Pay StructureUnit ( Time/Work) in PayRollCreating Attendance / Production Data in PayRollAttendance/Leave/Over Time details in PayRollPay Slip in PayRoll Report

Pay Sheet in PayRoll ReportPayRoll Statement ReportPayment Advice in PayRoll ReportPayroll Register in PayRoll ReportEmployee PayHead Report in PayRollLedger Employee Break-Up in PayRoll ReportAttendance Sheet in PayRoll ReportAttendance Register in PayRoll Report

  TALLY REPORTING . . . in Tally.ERP 9. . .Modifying Reports (Options)

Balance Sheet Profit & Loss Account Stock Summary

Trial Balance Day Book Cash Book Petty Cash BookBank Book Journal Register Ledger Purchase Register

Sales RegisterLedger-wise Outstanding Reports

Interest Receivable Interest Payable

Cost Category Summary Statistics Stock TransfersStock Valuation Methods

BOM - Cost EstimateDaily Balance of Cash/Bank Book

Stock Query Negative Stock

Item Movement Analysis Stock Ageing AnalysisMulti-Column Cash Book

Purchase Register-Extract

Sales Register-Extract Cash Flow Summary Funds Flow Summary BudgetsOverdue Receivable Overdue Payable Age-wise Receivable Negative LedgerDebit Note Register Credit Note Register Reminder Letter Cofirmation LetterComparative Profit and LossAccount

Vertical Balance Sheet with   Working Capital

Comparative Quarterly   Balance Sheet

Income & Expenditure   Statement

  GETTING STARTED . . . ( ADVANCED ) FEATURES in Tally.ERP 9. . .Excise for Manufacturer in Tally9

Excise for Dealer in Tally9

Tax Collected at Source (TCS)

Fringe Benefit Tax (FBT)

Service Tax Regular VATTax Deducted at Source (TDS)

E-Filing of Returns

Central Sales Tax (CST) Capital Goods in VAT Sale in Foreigh Point of Sale (POS

Currency( $ ) Invoice)

Bills of Materials (BOM)Price Levels & Price Lists

Interest CalculationsVoucher Types & Classes

 SAMPLE REPORTS ( ADVANCED ) IN Tally.ERP 9. . .Payroll Reports in Tally.ERP 9 Reports of Excise for Dealers Reports of Excise for Manufacturers

Reports of Fringe Benefit Tax(FBT) Reports of Service TaxReports of Tax Collected at Source(TCS)

Reports of Tax Deducted at Source(TDS)

Job Costing Registers and Reports

POS Registers and Reports

 UTILITIES IN Tally.ERP 9. . .Backup & Restore Split Company Data Tally VaultExporting & Import Master Data Export to Ms-Excel Consolidation of Companies AccountsPassword & Security Control Reversing Journal  

 PRACTICAL ASSIGNMENT ( Non-Trading ) Tally.ERP 9. . .The following example shows how to record transactions in   Tally.ERP 9.

Mr. Sanjay Satpathy, an MBA from BHUBANESWAR, worked in software and financial education organizations for 15 years. He then started   his own enterprise called SWAYAM EDUCATION on April 1, 2011, to   provide Education consultancy services.

Mr. Sanjay wants to maintain his accounts using Tally.ERP 9 He maintains the books of account under the accrual system of accounting.

The Transaction recorded for Swayam

Education is as follows…  

Sanjay Satpathy’s transactions for the year 2011-2012 are as follows. You are required to ..

o Record the Transactions.

o Prepare Financial Statement PRACTICAL ASSIGNMENT ( Trading-Manufacturing ) Tally.ERP 9. . .The following example shows how to record transactions in   Tally.ERP 9:

Mrs Soumya Satpathy, an MBA from BHUBANESWAR, started her own agency called   SWAYAM AGENCIES PVT. LTD. on April 1, 2008, to deal in the wholesale trade of stabilizers and pumps   of different capacities.

Mrs Soumya Satpathy wants to maintain her accounts using Tally.ERP 9. She maintains the books of account   under the accrual system of accounting.

Transactions recorded for Swayam Education by Mrs Soumya Satpathy for the year 2008-2009 are as follows:

You are required to:

              ·   Record the transactions

              ·   Prepare financial statement

ACCOUNTING VOUCHER . . . in Tally.ERP 9. . .Contra Voucher (F4) Payment Vouchers(F5) Receipt Voucher (F6)Journal Vouchers (F7) Sales Vouchers (F8) Credit Note Voucher (Ctrl + F8)Purchase Vouchers (F9) Mem o Voucher (Ctrl + F10) Debit Note Voucher ( Ctrl + F9)

INVENTORY VOUCHER . . . in Tally.ERP 9. . .Delivery Note (Alt + F8 ) Physical Stock Voucher (Alt + F10 ) Purchase Order (Alt + F4 )Sales Order (Alt + F5 ) Receipt Note ( Alt + F9 ) Rejection In   ( Ctrl + F6) Rejection Out   ( Alt + F6 ) Stock Journal   ( Alt + F7 )  

Creating a New Company in Tally.ERP 9Company Creation :You can create a Company profile by using the following procedure :

                        1.         Gateway of Tally  Alter ( Alt+F3)

                        2.         Gateway of Tally  Create Company (from opening screen)

            Lets take an example to understand the process.

www.Tally9Book.Com, registered under VAT, is in ORISSA, and provides Accounts Training all over INDIA and also deals in Purchase and Sale of Software and Hardware. The Company wants to maintain the Financial Year Accounts from 01-04-2007 to 31-03-2008. The Company details are given below :

Company                www.Tally9Book.Com Address                  Balasore, State                      ORISSA VAT TIN No.            12345678900 PAN                       BLS123456

(Permanent Account No.)

Create the Company using any one of the above processes. It Provides the following screen. 

 Finally, confirm company creation by pressing the ENTER key/ “Y” key to accept all declaration for the Company. (Now you will be able to work with the Current Company)

 To Enter Company Information follow these Steps :

Field Name Values

Directory

Specify the path where the Company data will be stored. The Default data directory of Tally9.0 is C:\Tally9.0\Data. If you want to keep your data in another location you can specify the location, for example: If you want to keep your data in your “D drive”, specify the path D:\

Name Enter Name of the Company

Mailing Address Address of the Company.

State Select the State Name from the Pop-Up-List.

Pin Code Enter your city Pin Code.

E-mail Address Enter the E-mail Address of the Company.

Currency SymbolCurrency symbol will be displayed in which the account books of  the company are to be maintained. By default it shows Rs. As currency symbol.

MaintainDepending on the activity of the company you can maintain the records in Two ways : 1. Accounts only  2. Accounts with Inventory.

Financial Year From

Enter the Starting date of the Financial Year for which you are maintaining Company Accounts. However, it will never ask you to enter the Closing date of the Financial period like other software. In Tally, you can maintain multiple Accounting Years in the same company. For example, If you want to set up the Financial Period of a Company fro the Year 2007-2008, the Start date should be 01-04-2007.

Books Beginning From

Enter a Date within the Financial Period, on which books have been started. For example : In above mentioned period, the actual date of Financial transaction begins at 01-12-2006, so in this field enter the date as 01-12-2006. Remember that this date can be the same as starting date of the financial period or later, only for a new Concern / Company.

Tally Vault PasswordIf you want to secure your company from other users, even from selection, provide a Password here. A copy of the company will generate with encrypted format in name.

Use Security ControlThis Option enables you to restrict user-wise data access. Say “Yes” to create “administrator” who has all rights. If you don’t wish to maintain security control select “No”.

Base Currency SymbolThe currency symbol appearing against currency field will be displayed here.

Formal Name Full name of the currency is displayed here. For example, For currency symbol Rs. The currency name is displayed as “Indian

rupees”.

Number of Decimal Places

Decimal place of currency is shown here because it will not allow you to lose part of an amount due to change of currency value.

Show Amount in

Million  Symbol

This option maintains visual clarity of large amounts. If you want to show the amount in millions, say “Yes”. To show in lakhs, say “No”.

Is Symbol Suffixed

to Amount ?

To put currency Symbol before amounts say, “No”. to put after  the amount , say “Yes”.

 

     Keys Used for Saving Information :

Enter (to save the information)

    Ctrl + A  (save the record information directly from any field position).

Sections of Gateway of Tally.ERP 9

Exlore : www.Tally9Book.Com

 

How to Configure (F12) your Company in Tally.ERP 9

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Accounting Features in Tally.ERP 9

Exlore : www.Tally9Book.Com

 

Inventory Features in Tally.ERP 9

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