Know about Tally ERP 9

 Introduction 

Tally.ERP9 is one of the most widely used financial software.Tally.ERP9 reports can help a business owner make informed decisions to increase efficiency, reduce costs, and organize business operations.It provides the capability to generate fully accurate tax returns in a matter of minutes and is also capable of extracting, interpreting and presenting financial data. Tally.ERP9 is the world’s fastest and most powerful concurrent Multi-lingual business Accounting and Inventory Management software.

Salient Features of Tally.ERP9

•  A leading accounting package
• No accounting codes 
• Complete business solution
• Integrated/Non-integrated accounting and inventory 
• Flexible and easy to use 
• Speed
• Power

Shyam Sunder Goenka born on 15 October 1932 in Kolkata in a Marwari family to parents Thakursi Das Goenka and Bhagwani Devi Goenka.He was an Indian entrepreneur, Founder and Executive Chairman of Tally Solutions, Bangalore, one of India’s first software product companies.  

This prompted him to inspire his son, Bharat Goenka, to pursue his passion for software and technology to create software that would handle financial accounts for his business.

Tally version after GST introduced

Tally ERP 9 - Release 6.5.5	31/12/2019
Tally ERP 9 - Release 6.5.4	28/08/2019
Tally ERP 9 - Release 6.5.3	30/07/2019
Tally ERP 9 - Release 6.5.2	24/05/2019
Tally ERP 9 - Release 6.5.1	25/03/2019
Tally ERP 9 - Release 6.5	27/12/2018
Tally ERP 9 - Release 6.4.9	29/11/2018
Tally ERP 9 - Release 6.4.8	03/10/2018
Tally ERP 9 - Release 6.4.7	02/08/2018
Tally ERP 9 - Release 6.4.6	05/07/2018
Tally ERP 9 - Release 6.4.5	19/06/2018
Tally ERP 9 - Release 6.4.4	14/06/2018
Tally ERP 9 - Release 6.4.3	24/05/2018
Tally ERP 9 - Release 6.4.2	27/04/2018
Tally ERP 9 - Release 6.4.1	19/04/2018
Tally ERP 9 - Release 6.4	23/02/2018
Tally ERP 9 - Release 6.3.2	09/02/2018
Tally ERP 9 - Release 6.3.1	26/12/2017
Tally ERP 9 - Release 6.3	15/12/2017
Tally ERP 9 - Release 6.2	29/10/2017
Tally ERP 9 - Release 6.1.1	09/10/2017
Tally ERP 9 - Release 6.1	29/08/2017
Tally ERP 9 - Release 6.0.3	02/08/2017
Tally ERP 9 - Release 6.0.2	08/07/2017
Tally ERP 9 - Release 6.0.1	27/06/2017
Tally ERP 9 - Release 6.0 (GST Ready)	25/06/2017

 Creating a Company in Tally.ERP9

 The first step towards working with Tally.ERP9 is to create a‘company’. A ‘company’ in Tally.ERP9 is a central repository where you can maintain all the financial records of your business,and from where you can extract the required financial reports and statements.

Go to Gateway of Tally>Company Info.>Create Company

 

 1. Fill all details who ask you as ask in that pages ask.

2. Financial Year from:This refers to the twelve-month accounting period of the company. For Vridhi Traders, the financial year begins on1.4.2021.

3. Books beginning from: The date provided in the a for  said field will be automatically displayed here.In the example,the date is retained.

 after fill all details in that form then so 

 

The message Accept? Yes or No will be displayed. Press Y or Enter to save the  details.

Features 

The Company Features section in Tally.ERP9 is divided into the following major categories:

  Accounting Features 

Inventory Features 

 Statutory & Taxation

 TSS Features 

Add-On Features 

Accounting Features 

  The Accounting Features consists of configurations /functionalities ,which generally affect accounting transactions and reports. 

Go to Gateway of Tally> F11:Company Features> Accounting Features or click F1: Accounting Features.

 

Inventory Features 

The Inventory features comprise of configurations /functionalities pertaining to inventory transactions and reports. The Inventory features section is further divided into seven sub-sections, 

Go to Gateway of Tally > F11: Company Features >Inventory Features or click F2 :  Inventory 

 

Statutory & Taxation Features

 The Statutory & Taxation features comprise of configurations  

/functionalities pertaining to statutory compliance available in Tally.ERP9.T he Statutory features are country specific and strictly depend upon the country selected in the Company Creation screen.

 

Payroll Features 

Tally.ERP9 integrates payroll features with accounting features, and simplifies payroll processing.Tally.ERP9 enables users to setup and implement salary structures ,ranging from simple to complex,as per the organizations requirements. 

 Configurations

In Tally. ERP9, F12:Configurations are provided for Accounting,Inventory& printing options and are user-definable as per the business’ requirements. 

Maintaining Chart of Accounts 

Ledgers 

      A‘Ledger’ is an account head. For instance, the sales account head will be called a ‘Sales Ledger’ in Tally.ERP9. Similarly,a customer would be an account head ,and will be called a‘ party ledger ’. You can create ledgers specific to your business transactions.For a newly created company, there are two pre- defined ledgers available in Tally.ERP9:

 Cash 

 Profit & Loss A/c. 

To view the list of ledgers,go to Gate way of Tally > Accounts Info. > Ledgers > Display (Multiple Ledgers) > Select All Items.

Groups

A ‘Group’ is the accounting group under which ledgers of the same nature can be classified. For instance,Tally.ERP9 has a default Group ‘Sales Accounts’, under which all the sales ledgers will be classified.There are 28 pre- defined groups in Tally.ERP9, which feature in the chart of accounts of many organizations. Out of these,15 groups are primary groups and the remaining 13 are sub-groups .

To view the list of the 28 groups, known as the List of Accounts, go to Gateway of Tally >Accounts Info.>Groups>Display(Multiple Groups)> Select All Items.

  Accounting Vouchers

Accounting Vouchers Tally.ERP9 is pre-programmed with a variety of accounting vouchers,each designed to perform a different job. The standard accounting vouchers are: 

 Contra Voucher (F4)

 Payment Voucher (F5) 

Receipt Voucher (F6) 

Journal Voucher (F7) 

Sales Voucher/Invoice (F8)

 Credit Note Voucher (Ctrl+F8) 

Purchase Voucher (F9)

 Debit Note Voucher (Ctrl+F9)

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