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INTRODUCTIONS to Tally.ERP9 ..

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Tally.ERP 9 has been developed by Tally.ERP 9  Solutions Pvt. Ltd., a Bangalore-based Company in India. It’s a very user-friendly and popular Accounting Software that runs on MS Windows and also Computes for Indian VAT, TDS and Service Tax. It can even maintain your accounts and Inventory simultaneously. A few key features of Tally.ERP 9 are listed below...

Codeless  Accounting System :            Normally for other Accounting Software’s, a certain code is used for identifying any particular ledger, for example, Ledger Code B2081indecates  “ Printing & Stationary”.

Unlimited Accounting Period : It means you can maintain the records for more than one Financial Accounting Period, for example, you can     maintain the record for the financial Year ( F.Y.) 05-06 and 06-07 for the same company.

Simultaneous Operation of multiple companies :         It  means  you can update the data  record for more than one Company simultaneously, for example : at the same you can update the data for all of your companies in the same group.

Accounting for the Complete Group of Companies :    You can prepare a consolidated balance sheet  for all the members of your group companies.

Top-Level security for each company : You can create different levels of users and restrict their activities by assigning them rights, For example, ; you can create a user for data entry , who can only enter the transaction, but can not view the report

Facilities with Tally.ERP 9

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  1. Data Import and Export Facility : You can import or export any particular data from one Company to another Company.

  2. Audit Facility : Using this facility you can check the recorded voucher and make modifications as per requirement.

  3. Budgeting :      Allows you to analyze the variance (difference between actual and Standard ) for expenses , income, etc.

  4. Scenario Management : Can be used for projected Profit and Loss A/c and Balance Sheet.

  5. Bank Reconciliation Statement

  6. Price List, Ageing Analysis for Stock Item : Rate of Product can be defined with its quantity.

  7. Cost Center and Cost Category-wise Account Analysis : These features are very useful for Unit –wise analysis, for Example: You may want to analyze employee-wise cost, Brach-wise Cost etc.

  8. Usefulness in Manufacturing Business : Useful for calculation of Cost of Goods Sold.

  9. Ratio Analysis, Cash Flow, Funds Flow

  10. E-capabilities

  11. Foreign Currency :Useful for calculation of foreign gain and loss using foreign currency.

  12. Defining the Bill / Voucher Entry Setup.

  13. Columnar Reporting related to Stock and Accounts.

  14. Adherence of Purchase and Sales procedure such as Order, Challan, Bill.

  15. Credit Control : Credit Control is possible for a Customer.

  16. Tracking through Receipt / Delivery Notes.

  17. Profitability Analysis of Stock.

  18. Accounts for...

(a)        Indian VAT
(b)        TDS
(c)        E-TDS
(d)        Service Tax

Application Areas of Tally.ERP 9

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Due to these unique Features and Multifarious facilities, Tally.ERP 9 is widely used by different kinds of Business Companies and other Organizations for maintaining the Accounts of...
#          Company
#          Individual
#          Charitable Trust
#          Trader
#          Manufacturer
#          Enterprise
#          Partnership Firm
#          Shop
#          Transport
#          Service Industries
#          Nursing Home
#          Petrol Pump
#          Pharmaceuticals
#          Departmental Stores
#          Whole-Seller
#          Insurance Agents
#          Restaurant
#          School
#          Institutions
#          Tutorials
#          Advocate
#          Builders
#          Chartered  Accountants
#          Chit Funds
#          Doctors

Advantages of Computerized Accounting over Manual Book-eeping

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Manual Book-keeping has to bother for all the following steps :

1.         Creating Ledger and carrying forward their closing balances.
2.         Recording Cash Transactions in a Cash-Book and Bank Transactions in a Bank Book.
3.         Recoding other Non-Cash Transactions in a Journal Book.
4.         After recording you have to calculate the balances of the Ledgers.
5.         Preparing Trial Balance to prepare Final Accounts.
6.        Deriving Nominal Account from the Trial Balance in the Profit and Loss Account.
7.         Posting Real & Personal Accounts in the Balance Sheet.

But when you are using Tally.ERP 9 you concentrate only on recording the transactions. Tally.ERP 9 automatically generates all kinds of reports for you.

Why Tally.ERP 9 the Best

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What Makes Tally.ERP 9 the best
Simplicity • Speed • Power • Flexibility • No codes • Real Time • Online help

Why Tally.ERP 9 is the best for Simple Accounting
Complete book- keeping • Books, Registers and Statements of Accounts • General Ledger • Outstanding Management, including Credit Limit, Accounts Receivables and Accounts Payables • Flexible Voucher Numbering • Flexible Classification of Account Heads • Bird’s eye view • Drill Down Display • Date based reporting • Voucher and Cheque printing • Columnar Reports • bank Reconciliation

Why Tally.ERP 9 is the best for basic Financial Management

Multiple Companies • Multi Currency • Multiple Financial Years • Comparison of Data using Multi-Columnar Reporting • Memo Vouchers • Post dated Vouchers • User defined Vouchers Types • sales and Purchase Extracts • Cash Flows • Daily Balances & Transaction Values • Interest Calculations • Percentage based Reporting

Why Tally.ERP 9 is the best for advanced Financial Management

Fund Flows • Receivables Turnover (payment performances of Debtors) • Branch Accounting • Flexible Period Accounting • Consolidation of Companies • Budgeting and Control • Cost Centre & Profit Centres, with Multiple Cost categories • Variance Analysis • Ratio Analysis • Scenario Management, including reversing Journals and optional Vouchers

Why Tally.ERP 9 is the best for simple Inventory/Stock Management

Flexible Invoicing • Purchase Invoices • Discount Column in Invoicing • Flexible Units of Measure – including Compound Units • Grouping and Categorization of Stock Items • Voucher Classes – with predefined rules & information • Physical Stock Verification • Separate Actual and Billed Quantity Columns • Consumption report • Use Names and /or Part Numbers

Why Tally.ERP 9 is the best for basic Inventory/Stock Management
Stock Categories • Stock Query – by Stock Group or Stock Category • Multiple Godowns • Stock Transfers to Godowns / Branches • Multiple Stock valuation Methods • Batch wise / Lot wise – including Expiry date handling • Alternate Units of Measure & Tail Units • Sales and Purchase Order Processing • Tracking through Receipt Notes / Delivery Notes / Rejections Inward / Rejections Outward • Additional Costs incurred on Purchase • Movement Analysis – Stock Group wise / Stock Item wise / Invoice wise / Location wise • Customisable Sales invoices • Price List with Multi Price levels

Why Tally.ERP 9 is the best for Advanced Inventory/Stock Management

Stock items Classification as Raw Materials, Work-in-progress, Finished goods • Bill of Material, with auto adjustment of stocks • Job-working concepts – including sub contracting • Additional cost of Manufacturing with notional value and percentage • Excise / VAT analysis on invoices • Modvat Support • Reorder levels • Stock Ageing Analysis • Batch related stock reports

The technology advantage of Tally.ERP 9

Data Reliability • Data Security • Tally.ERP 9 Audit • Tally.ERP 9Vault • User defined Security Levels • Simple & Rapid Installation • Unlimited Multi-user Support • Internal Backup / Restore • Removal of Data into Separate Company • Multi-Directory for Company Management • Import / Export of Data • Graphical Analysis of Data • ODBC compliance allows other programs to use data from Tally.ERP 9 directly e.g. MS-Excel • Web-enabled • Ability to publish reports and documents on the Internet • Direct Internet Access • Print Preview

BASIC ACCOUNTING        

BASIC INVENTORY

  1. Complete Book-keeping
  2. Books, Registers and Statement of Accounts
  3. General Ledger
  4. Accounts Receivable & Accounts Payable
  5. Flexible Voucher Numbering
  6. Flexible Classification of Accounts Heads.
  7. Drill Down Display
  8. DataBase Reporting
  9. Columnar Reports
  10. Bank Reconciliation
  11. Multiple Companies
  12. Multiple Financial Years
  13. Memo Vouchers
  14. Post-dated Vouchers
  15. User-defined Voucher types
  16. Cash Flow Statement
  1. Stock Categories
  2. Multiple Godowns
  3. Stock Transfer to Godowns & Branches
  4. Batch-wise, Lot-wise, including Expiry Date
  5. Alternate Units of Measure and Tail Units
  6. Additional Costs incurred on Purchase
  7. Movement/ Profitability Analysis Party-wise, Item-Wise, Stock Group-Wise.
  8. Sales & Purchase Order Processing
  9. Excise/VAT analysis of Invoices.
  10. Stock Ageing Analysis
  11. Additional Cost of Manufacturing with notional value and percentage.
  12. Batch related Stock Report
  13. Bill of Material with auto-adjustment of Stocks.
 

Tally.ERP 9 Start-Up

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Start Tally.ERP 9 using the following approaches :

  • Click on Start  u Programs u Tally.ERP 9 u Tally.ERP 9 icon.
  • Double Click on the Tally.ERP 9 icon on the desktop.

The welcome screen , “Tally.ERP 9 – Power of Simplicity’ appears while the software loads. When the Tally.ERP 9 start-up screen appears, you are ready to explore Tally.ERP 9.

The Tally.ERP 9 Start-up screen appears as :
Tally.ERP 9 Start-up screen
 
Get..Tally.ERP9 Book + GST Assignment @ Rs. 550
 
 

Get..Tally.ERP9 Book + GST Assignment @ `. 550 !

15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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The names of Companies and persons used in this Website have been used for illustrative purposes only.
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