We are thankful to the Royal Institute of Information
technology to give us an opportunity to prepare this project.
We will be inharmonious to express our gratitude to
our faculty A.K SAINI B.K SHARMA
This project would not have been completed without
those people who co-operated with us and helped us in
completing the project.
It was such a great experience for us & will definitely
helpful in improving our skills.
The late SS.GOENKA, f.
under of the company Pvt. Ltd. Set up & known as TALLY SOLUTIONS PVT.
• The undisputed king of all financial accounting
packages available in India.
• Capable of handling all kind of transaction.
• For Its use- neither need to learn new accounting
methods nor should change existing style of
• Covers a wide area - can be used by the owner,
financial controller, accountant, manager or an
• Tally 4.5 Dos based Accounts with Inventory.
• Tally 5.4 Windows based Accounts with Inventory.
• Tally 6.3 With online finalization Auditing &
• Tally 7.0 Import and Export features.
• Tally 7.2 With VAT, TDS & Service Tax
• Tally 8.1 With FBT & Excise Duty.
• Tally 9.0 8.1 with Payroll system , Multi-Language Extra
• Tally ERP.9 Tally ERP.9 with Remote Access facility,
Multi-budgets & scenarios & etc.
Tally Solutions Pvt Ltd. is a Bangalore-based software company that
currently sells into more than 100 countries beyond its native India, including
the United Kingdom, Bangladesh and the Middle East.
Tally's software is mainly used for vouchers, financial statements, and taxation in
many industries, and has specialized packages for retail businesses. More advanced
capabilities are found in its Enterprise resource planning package.
Industry Computer software
Founder(s) S. S. Goenka
Headquarters Bangalore, India
Area served •India
• Increase in audit efficiency because of ease in
access to the client's data and reports remotely.
• Powerful remote capabilities that boost
• Easy to find qualified personnel .
• Easy to customize.
• Low cost of ownership via quick
implementation, Tally Integrator, Support
Advantages of Tally.ERP 9:
• Security is not there.
• Cannot have alerts if credit limit exceeds for any customer .No pop
ups or message is displayed by the software.
Step 1: Go to Gateway of Tally > Company Info > Create company
Step 2: Fill the details in all options (Option which are filled by default are mandate to fill & other
Step 3: Accept the screen by pressing Enter or Ctrl+A.
ALTERATION : A created company’s detail can be modified at a
later time through keys Alt+[F3] or choosing the Alter option from
gateway of tally. A company has been successfully created with
the above information
Creation of Account Heads
•First of all, open tally.erp9 program.
•Now, select the company in which you want to work.
•Type the password if any.
•Now, you are on ‘gateway of tally’
•Select – Accounts Info under Master.
Basically group and ledger are
both helpful to make simple
category of our assets , liabilities
, income and expenditures into
current and fixed asset , direct
and indirect expenses and loss
and income .
Creating Accounting Master
Gateway of Tally>Accounts
Groups are collection of Ledgers of the same nature.
The Group behavior is classified into Capital or Revenue and more
specifically into Assets, Liabilities, Income and Expenditure. The Groups
ascertain whether the same will affect Profit and Loss Account which is
revenue in nature or Balance Sheet which is capital in nature.
Tally provides us 23 automatic groups for ledger creation but provides
only 2 ledger account and its names are cash are profit and loss account .
Group is head category or it is base of ledger creation . We can simply
take an example from you day to day field . Suppose you have taken
commerce subject and it can also divide into management theory ,
accounts , business maths and economics . So , Main group is commerce
and all other are called ledger accounts but under this commerce group .
Same will apply in accounting in tally , We can create several groups
under single ledger .
If we have changed group from one category to another , all ledger will
automatically change by this . So be serious for making any change in
Creating Inventory Master
Step1: Gateway of Tally>Inventory Info.>Stock Group/Stock Item/ Unit of Measures
Stock Items are classified into stock groups to reflect their classification based on
To create a Stock Group,
Go to Gateway of Tally > Inventory Info. > Stock Groups > Create
Stock Item refers to goods that you manufacture or trade. It is the primary
inventory entity and is the lowest level of information on your inventory. You
have to create a Stock Item in Tally.ERP 9 for each inventory item that you want to
Go to Gateway of Tally > Inventory Info. > Stock Items
Units of Measurement
Stock Items are purchased or sold on the basis of quantity. The quantity is measured by Units
Hence, it is necessary to create Units of Measure. You can have simple units such as numbers
meters, kilograms, and pieces or compound units like box of 10 pieces [1box =10 pieces]
Go to Gateway of Tally > Inventory Info. > Units of Measure
EX:To Create Compound unit – Doz (Dozen) of 12
mbers), you have to create two simple units, Doz
(Dozen) and Nos (Numbers) and set the conversion
Import of data from one company to another
created within tally happens seamlessly.
Configuration Payroll Configuration
Configuration of Accounting Features after press F1
Configuration of Accounting Features after press F2
Configuration of Statutory & Taxations after press F3
A TRIAL BALANCE IS A SUMMARY OF ALL LEDGER BALANCES TO
CHECK WHETHER THE FIGURES ARE CORRECT AND
BALANCED.CONSIDERING THAT THE JOURNAL ENTRIES ARE
ERROR FREE AND POSTED CORRECTLY TO THE GENERAL LEDGER,
THE TOTAL OF ALL DEBIT BALANCE SHOULD EQUAL TO THE
TOTAL OF ALL CREDIT BALANCE.
IN TALLY.ERP9 ,THE MATCHING OF THE TRIAL BALANCE IS A
FOREGONE CONCLUSION SINCE ALL VOUCHER ENTRIES ARE IN
DEBIT-CREDIT FORMAT AND MUST BALANCE AT THE ENTRY
TO VIEW THE TRIAL BALANCE GO TO
GATEWAY OF TALLY > DISPLAY >TRIAL
TALLY.ERP SHOWS GROUP WISE TRIAL BALANCE.NEXT LEVEL DETAIL
FOR A GROUP CAN BE EXPLODED BY PRESSING SHIFT + ENTER.DETAILS
OF ALL GROUPS CAN ALSO BE OBTAINED THROUGH CONFIGURATION,
EXCEPT FOR GROUP BEHAVING LIKE SUB-LEDGERS.
SELECT F1 : DETAILED TO BREAK DOWN THE GROUPED INFORMATION
OR SIMPLY DRILL DOWN A GROUP FOR FURTHER DETAIL.
Select F5: Led-wise To List All Ledgers And Their Closing
Balances. The Screen Is Displayed As Shown
Select New Column To Bring Up The Closing Balance
For Another Date. The Screen Is Displayed As
Profit & loss statement
Cash flow statement
Fund flow statement
(1) Profit & Loss Statement