TALLY NOTES PART-1 BASIC INFO

 



                      NOTES

TALLY PRIME

SYLLABUS                                       

 

BANERJEE COMPUTER ACADEMY

      Written By                             

RAHUL KUMAR SINGH ,GYAN SHANKAR SINGH

 

Ø  1.  Introduction of Tally

Ø  2.  Basic Accounting Voucher

Ø  3.  New company Creation With Ledger

Ø  4.  Journal Entries with Trial Balance.

Ø  5.  Final Accounting

Ø  6.  Inventory Voucher

Ø  7.  Order Voucher

Ø  7.  Manufacture Journal

Ø  8.  Payroll (Salary Creation)

Ø  9.  PRINT SALARY SLIP

Ø  10. Backup & Restore

Ø  11. Security Control

Ø  12. BRS [ Bank Reconciliation Statement ]

Ø  13. Multiple Currency

Ø  14.SALES MANAGEMENT

Ø  15.BUY ONE GET ONE FREE

Ø  16.COMPANY LOGO

Ø  17. GST [ Goods & Services Tax ] (A) CGST (B) SGST (C) IGST

Ø  18.CREDIT LIMIT

Ø  19.COST CENTRE AND COST CATEGORY

Ø  20. BILLING WORK

 

 

 

 

 

 

 

TALLY/TALLY ERP 9

 

TALLY VERSION:

TALLY 3.0        (1990)

TALLY 3.12      (1991)

TALLY 4           (1992)

TALLY 4.5       (1994)

TALLY 5          (1996)

TALLY 5.4        (1996)        

TALLY 6.3        (2001)

TALLY 7.2        (2005)

TALLY 8.1        (2006)

TALLY 9.0        (2006)

TALLY ERP 9 (1.0, 1.1 ….1.6…)       (2009)

TALLY ERP 9 6.4 WITH GST (2017)

TALLY ERP9 6.5 WITH GST (2019)

TALLY EDITION:

SILVER –          SINGLE USER

GOLD -           MORE THAN-10

DIAMOND-    MULTIUSER-1000

PLATINUM-   1000

 

 

TALLY MODE:-

1. EDUCATIONAL (accepted dates 1,2,31 of each month)

2. PROFESSIONAL (all dates are accepted of each month)

TALLY- Total Accounting Leading List Year

ERP   - Enterprise Resource Planning

FATHER OF TALLY- Shyam Sundar Goenka,BHARAT GOENKA

 

TALLY WAS REALISED IN 1986

 

 BASIC ACCOUNTING RULE

·       PERSONAL ACCOUNT

·       REAL  ACCOUNT

·       NOMINAL ACCOUNT

 

   RULES

1.         PERSONAL ACCOUNT-  Debit the receiver

                                         Credit the giver

Example:- purchase goods from ram

       Purchase A/C …………………….Dr.

             To Ram’s A/C

Example:- sold goods to gopal

        Gopal A/C……………………….Dr.

            To Sales A/C

 

 

2.      REAL ACCOUNT – Debit What Comes IN

                             Credit What Goes out

 

Example: - PAID INTO BANK

             Bank A/C…………………Dr.

               To Cash A/C

 

Example: - Withdraw Cash from bank

              Cash A/C………………..Dr.

                  To Bank A/C

 

3.      NOMINAL ACCOUNT-  All Expenses & loss are debited ,

                                        All income & profit are credited

 

Example:-*

·       Paid rent

     Rent A/C ……………………..Dr

            To Cash A/C

                                            

·       Receive rent

          Cash A/C………………Dr

   To Rent A/C

 

                                         

 

 

                                          ACCOUNTING VOUCHER

 

 


      Contra      Payment       Receipt          Journal         Sale           Purchase      Pur. Return  

      (F4)              (F5)               (F6)                (F7)             (F8)              (F9)            debit note

                                                                                                                                 (ALT+F5)

 

 


                                                                                                                                         Sales Return    

                                                                                                                                         Credit note

                                                                                                   (ALT+F6)

                         ACCOUNTING  VOUCHER 

    Definition - In computerized Accounting we record transaction Voucher Entries

                              Voucher Entry is a basic recording of documentation. Accounting                        

                Vouchers care used to record all Accounting transaction in tally.

 

 

 

 

    

  TYPES  OF  ACCOUNTING  VOUCHER 

                 

 

    1. Contra (F4) – In contra voucher we entered the transaction b/w cash & bank

                                As per accounting rules contra entry is a reinjection indicating

                               Transfer of fund from.                    

     1. Bank to cash transaction

     2. Bank to bank transaction

                             3. Cash to bank transaction

 

Ex-         * Paid into bank

    *withdraw cash from bank

 

    

    2. Payment (f5):- All transaction related to payment are recorded in payment voucher such receipt payment can be toward purchase due to creditor due to debtor, loans & advance given by you or repayment loans & advance taken by you earlier.

          Ex: -  * Paid salary

               *Paid to Ram

               * Cash purchase etc

 

3. Receipt (f6):- Can be recorded here all receipt of money in (cash               or through bank) such receipt may be towards any income all from your debtor, all loans and advance.

Ex: - * Received cash from Ramesh

·      Received rent

·      Cash sale

·      Started business with cash

 

4.  Journal (f7):- Journal entries area used on intents were the                      company adjusting the debit or credit amount without                                     involving the cash or bank

Ex: - *Goods distributed as a free sample

        *Interest on capital

        *All types of adjusting (Depp, App)

        * Interest prepaid outstanding etc

 

5. Sale (f8):- Any sales transaction we for goods or services are   

                 Interned in sales voucher in case of cash sale you    

                  Received payment Immediately by cash or bank or 

                         Credit card you don’t required to track outstanding

                         As payment has already being received so there is

                                   No need to create separate ledger for the buyer

                         Who has pay immediately.

       Ex: - *Sold goods to Rajendra

                *Sold goods to Baldev

 

6.  Purchase(f9):- Any purchase transaction either for goods or

                                Services are entered in purchase voucher in

                                    Case of cash purchase or credit card you

Don’t required to track o/s as payment has already been made so there is no need to create a separate ledger for the seller who has paid immediately

Ex: - *Purchase goods from Mohan

·               Purchase goods form Sohan

 

7.  Debit Note (ALT+F5):- By default debit note voucher would

                                        Not be available if you make entry in

                                                        Debit note then you have to activate

                                                                           This option press f11 display company                                                                            feature use debit / credit – yes/ no

 

Ex: - *Purchase return to Mohan

·             Purchase return to Sohan

 

8.  Credit Note(ALT+F6):- By default create credit note would not

                                                                                       Available if you make entry in credit

                                                                                               Note then you has to activate this

                                                Option press f11 Display Company

                                                Feature to use debit / credit – yes/no

     Ex: - * Sales return to Mohan

·      Sales return to Sohan

         

 Profit & loss a/c

Dr. Indirect expenses                             Indirect Income Credit

Particular

Amount

Particular

Amount

 

 

 

 

To Gross loss (Transfer from trading a/c)

------------------

By gross profit (Transfer from trading a/c)

 

To salary & wages

----------------

By commission (Rec)

------------------

To rent

-------------

By commission (Rec)

---------------

To legal exp

----------

By interest (Rec)

----------------

To insurance

-------------

By bad debit (Rec)

 

---------------

To carriage on sale

-------------

By Apprentice prem

By int on invest

--------------

To advertisement

-----------

By rent (Rec)

----------

To bad debit

-------------

By int on drawn

------------

To Reserve

------------

 

 

To depreciation

--------------

 

 

To Int(Paid)

---------------

 

 

To commission (paid)

-----------------

 

 

To discount( paid)

---------------

 

 

To printing & stationary

---------------

 

 

To Misc exp

---------------

 

 

 

To general exp

--------------

 

 

To income tax

--------------

 

 

To int on capital

--------------

 

 

To electricity

------------

 

 

Charge

----------

 

 

To net profit(Transfer to b/s)

-----------

By net loss transfer to b/s

 

--------------

 

 

 

 

 

 

 

 

 

Xxx

xxx

 

                            

                         

 

 

 

 

 

 

 

 

 

 

Liabilities

Amount

Assets

Amount

 

 

 

 

Sundry creditor

---------

Cash / cash in hand

---------

(-)Dis on creditor

--------

Bank/cash at bank stock (closing)

------------

Loan

-------------

Bills receivable

 

(+)o/s int ---

---------

Sundry debtor less further b.d.-----

 

Bills payable

-----

Profit for b.d--

 

Bank overdraft

------

Profit for discount

 

Author liabilities

------------

On debtor

------

Opening balance of capital

-----

 

 

(+) int on capital

---------

 

 

(+)Net profit ---

----------

Land & building

----------

(+)Additional capital

 

(+)Appreciation

-----------

 

----------

Plant & Machinery

 

(-) Drawing

-----------

(-)Depreciation

----------

(-)Int on drawing

--------------

 

 

(-) Net loss

---------

Prepaid exp

--------

(-)LIC self

-------

Other assets

----------

Outstanding

--------

Goodwill

-----------

 

 

 

 

 

---------

 

-----------

 

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