Tally ERP9 provides comprehensive support for GST compliance in India. Key aspects include activating GST in Tally, setting up GST at the company, ledger, and inventory levels, and understanding GST taxes like SGST, CGST, and IGST. Transactions can be recorded using purchase and sales vouchers with GST details. GST reports and returns like GSTR-1 can be generated to meet regulatory filing requirements.
This document defines key accounting terms and concepts related to financial statements. It explains that financial statements like the balance sheet, income statement, and statement of cash flows are used to analyze the financial condition and performance of a business over time. Various types of financial analysis like horizontal analysis, vertical analysis, and financial ratios are used to interpret these statements and evaluate metrics like liquidity, solvency, profitability, financial efficiency, and repayment capacity.
Accounting Cycle - Trial Balance - Easy AccountingFaHaD .H. NooR
1. The accounting cycle involves journalizing transactions, posting entries to ledger accounts, preparing a trial balance to check that debits equal credits, making adjustments, and generating financial statements.
2. A trial balance lists accounts and balances to prove that total debits equal total credits, but it does not guarantee the ledger is correct as errors can still exist.
3. Net income represents the increase in owners' equity from profits over the lifetime of a business, and is reflected in the Retained Earnings account rather than as an asset.
This document discusses key concepts in accounting, including the double-entry system, T-accounts, journal entries, posting transactions, closing revenue and expense accounts, preparing trial balances, and correcting errors. It also covers how computers have transformed accounting data processing.
Microsoft Access is a desktop database system intended for home or small business use. It allows users to create and manage related tables of information through features like forms, queries, reports, macros and modules. The basics of Access involve creating tables with fields to store record data. Relationships can then be formed between tables, and forms allow customized layouts for viewing, editing and entering information. Queries retrieve selective data based on criteria, and reports format data from tables for printing. Macros automate tasks, while modules add programming logic using Visual Basic for Applications.
This document provides instructions for configuring profitability analysis in SAP. It discusses defining characteristics and value fields, which are the key dimensions and values used to analyze profitability. Characteristics can be predefined, fixed, copied from reference tables, or custom defined. Instructions are provided for viewing existing characteristics, creating new user-defined characteristics like "Bill to party" and "Business field", and activating the new characteristics for use. The document outlines the overall profitability analysis configuration process and provides a guide to setting up the necessary master data and structures.
Creating Sales and Purchase vouchers in Tally is extremely easy and simple. They are often referred to as purchase entry in Tally and sales entry in Tally. Learn how to do it in this video by Attitude Academy Yamuna vihar, Delhi.
The accounting cycle describes the process of recording, classifying, and summarizing business transactions. It involves sourcing documents, recording transactions in a journal, posting entries to ledgers, preparing a trial balance, and ultimately generating financial statements including a trading and profit/loss account and balance sheet. These steps ensure accuracy and equality between debits and credits.
This document defines key accounting terms and concepts related to financial statements. It explains that financial statements like the balance sheet, income statement, and statement of cash flows are used to analyze the financial condition and performance of a business over time. Various types of financial analysis like horizontal analysis, vertical analysis, and financial ratios are used to interpret these statements and evaluate metrics like liquidity, solvency, profitability, financial efficiency, and repayment capacity.
Accounting Cycle - Trial Balance - Easy AccountingFaHaD .H. NooR
1. The accounting cycle involves journalizing transactions, posting entries to ledger accounts, preparing a trial balance to check that debits equal credits, making adjustments, and generating financial statements.
2. A trial balance lists accounts and balances to prove that total debits equal total credits, but it does not guarantee the ledger is correct as errors can still exist.
3. Net income represents the increase in owners' equity from profits over the lifetime of a business, and is reflected in the Retained Earnings account rather than as an asset.
This document discusses key concepts in accounting, including the double-entry system, T-accounts, journal entries, posting transactions, closing revenue and expense accounts, preparing trial balances, and correcting errors. It also covers how computers have transformed accounting data processing.
Microsoft Access is a desktop database system intended for home or small business use. It allows users to create and manage related tables of information through features like forms, queries, reports, macros and modules. The basics of Access involve creating tables with fields to store record data. Relationships can then be formed between tables, and forms allow customized layouts for viewing, editing and entering information. Queries retrieve selective data based on criteria, and reports format data from tables for printing. Macros automate tasks, while modules add programming logic using Visual Basic for Applications.
This document provides instructions for configuring profitability analysis in SAP. It discusses defining characteristics and value fields, which are the key dimensions and values used to analyze profitability. Characteristics can be predefined, fixed, copied from reference tables, or custom defined. Instructions are provided for viewing existing characteristics, creating new user-defined characteristics like "Bill to party" and "Business field", and activating the new characteristics for use. The document outlines the overall profitability analysis configuration process and provides a guide to setting up the necessary master data and structures.
Creating Sales and Purchase vouchers in Tally is extremely easy and simple. They are often referred to as purchase entry in Tally and sales entry in Tally. Learn how to do it in this video by Attitude Academy Yamuna vihar, Delhi.
The accounting cycle describes the process of recording, classifying, and summarizing business transactions. It involves sourcing documents, recording transactions in a journal, posting entries to ledgers, preparing a trial balance, and ultimately generating financial statements including a trading and profit/loss account and balance sheet. These steps ensure accuracy and equality between debits and credits.
Subsidiary ledgers are subsets of the general ledger that provide detailed records for specific accounts. There are typically three main control accounts: sales ledger for accounts receivable, purchases ledger for accounts payable, and inventory subsidiary ledger. The subsidiary ledgers track individual customer and supplier balances as well as inventory stock details. The totals from the subsidiary ledgers must equal the balances in the related general ledger control accounts. Subsidiary ledgers help locate errors, check accuracy, and provide ready totals for financial reporting.
This document provides an overview of Excel functions VLOOKUP, HLOOKUP, and INDEX MATCH. It defines each function and provides examples of their usage. VLOOKUP and HLOOKUP search for a value in a table and return a corresponding value from the same row or column. INDEX MATCH is a combination of the INDEX and MATCH functions that allows lookup of values in both vertical and horizontal tables without limitations of VLOOKUP and HLOOKUP. The document demonstrates how INDEX MATCH provides more flexibility than VLOOKUP and HLOOKUP through examples.
This document provides instructions for using Peachtree Complete accounting software. It covers downloading and installing the demo version, setting up a sample company, entering basic transactions including invoices, purchase orders, cash receipts, checks, and credit memos, and generating common reports. Setting up the chart of accounts, vendors, customers and inventory items is described. The instructions are broken into sections for general ledger, accounts payable, accounts receivable, and other key areas.
Stock items in a business can be organized into stock groups for easier tracking and reporting. Stock groups allow items to be classified together based on common attributes like brand. Hierarchical subgroups can also be created. In Tally, stock groups are created by specifying a name, alias, parent group, and whether quantities can be added. Existing stock groups can be displayed, altered by changing details, or deleted individually.
Microsoft Excel allows users to organize data into spreadsheets. It contains workbooks with multiple worksheets made of cells organized into rows and columns. Excel provides functions to perform calculations and analyze data. Users can format worksheets, insert charts and images, and print selections of cells or entire worksheets. Formulas using built-in functions can easily calculate and manipulate data in Excel.
Excel allows users to enter formulas to perform calculations on worksheet data. Formulas begin with an equal sign and can reference cell addresses to manipulate cell values using mathematical operators like addition and subtraction. Common functions like SUM, AVERAGE, and MAX simplify calculations. Formulas can be copied and filled using relative or absolute cell references.
This document provides instructions for setting up and maintaining accounting records for a service business called Daniel Mason Designer using Peachtree Complete Accounting 2009 software. It describes how to create a new company file, set the basic accounting options, and edit the chart of accounts. It then explains how to enter beginning account balances, record deposits and expenses, reconcile the cash account, and generate financial statements at the end of the first accounting period in October. The goal is to take the user through the full accounting cycle for a sample month to demonstrate Peachtree's capabilities for service companies.
The golden rules in accounting or rules of debit and creditkaslinsas
Journal Entries cannot be recorded without some rules. The rules which are used to record a journal entry are called Golden rules of Accounting. It means debit the person who receives something from the business
The document is a chapter from an accounting textbook that discusses analyzing transactions and the basics of double-entry accounting. It introduces accounts, the rules of debit and credit, and how transactions are recorded in journals and T-accounts to update the balances of asset, liability, equity, revenue and expense accounts. It provides examples of common transactions recorded, such as cash deposits and withdrawals, purchases, expenses and revenue. The overall purpose is to teach students the fundamental principles and mechanics of double-entry accounting.
The document provides an introduction to Microsoft Excel. It discusses that Excel is a program used to create electronic spreadsheets and organize data. Within Excel, users can perform calculations and create charts. It also discusses the basic layout of an Excel workbook including worksheets, rows, columns, and cells. Various Excel functions are also introduced such as SUM, IF, COUNT, LEFT, and NOW. Formatting options like fonts, borders, and conditional formatting are also covered.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Learn about recording expenses and income, hodge-podge and basic QuickBooks reporting. Additionally you will get an insight into eighteen common QuickBooks errrors.
Accounting is the process of communicating financial information about a business to users through financial statements, and involves recording, classifying, and summarizing financial transactions according to principles like debits and credits, assets and liabilities, and the accounting equation. There are three main types of accounting: tax, managerial, and financial accounting. The accounting process considers costs and benefits and must comply with legal and regulatory requirements.
How to create planner from inventory setups (Oracle- Inventory)FAHAD ULLAH
This document provides instructions for creating a planner from inventory setups in an E-BusinessSuite application. It details logging into the application, navigating to the inventory setup page, selecting a bulk store organization and employee, and saving to create a planner that can then be assigned to items. Once created, the planner can be accessed through the item master page to manage inventory.
This document provides an overview of Microsoft Access and how to create and manage databases. It discusses database files, tables, fields, and data types. It then explains how to create new databases and tables, enter and manipulate data, and generate forms and reports. The key steps covered include using wizards to easily set up databases, tables, forms and reports, and switching between design and datasheet views to enter and edit information.
This document provides instructions for setting up accounts payable and accounts receivable netting in Oracle. It outlines prerequisites like defining a netting control account and netting bank account. It also describes setups for receivables system options, receipt classes, profiles, and document sequencing. The document explains how to create a netting batch, settle it, and extract netting data. It notes that querying payments for netting will not show an attached payment document.
This document provides an introduction to financial accounting. It discusses key topics such as the nature and purpose of accounting, accounting as an aid to decision making, the major financial statements including the balance sheet, and different forms of business ownership like sole proprietorships, partnerships, and corporations. The balance sheet, in particular, is explained in detail including its key components of assets, liabilities, and owners' equity.
Beginners' guide to Powerpoint is a how to guide for using Microsoft Powerpoint as a presentation or document, including how to add text, images, video, using transitions and how to add animations, as well as some tips for design.
This document provides an overview of Tally accounting software features. It discusses Tally's origins in India and its founders. Key features covered include user classifications (Silver for single-user, Gold for multi-user), activation forms, general features, accounting features like comprehensive accounting system, categorization of accounts, audit trail and drill down capabilities, extracting reports, and bank reconciliation. Inventory features discussed are stock groups, physical stock position, stock transfers, multiple godowns, price lists, and tracking through receipts/delivery notes. The document also touches on accounting and inventory management integration in Tally and summarizes the covered points.
This document provides information about configuring Tally accounting software. It discusses the different configuration options in Tally including general configuration, numeric symbols, accounts/inventory info, and voucher entry options. It also covers security and access control settings in Tally as well as how to work with Tally by creating companies, groups, ledgers, and entering transactions. The document provides step-by-step instructions and explanations for configuring various elements of the Tally software.
Subsidiary ledgers are subsets of the general ledger that provide detailed records for specific accounts. There are typically three main control accounts: sales ledger for accounts receivable, purchases ledger for accounts payable, and inventory subsidiary ledger. The subsidiary ledgers track individual customer and supplier balances as well as inventory stock details. The totals from the subsidiary ledgers must equal the balances in the related general ledger control accounts. Subsidiary ledgers help locate errors, check accuracy, and provide ready totals for financial reporting.
This document provides an overview of Excel functions VLOOKUP, HLOOKUP, and INDEX MATCH. It defines each function and provides examples of their usage. VLOOKUP and HLOOKUP search for a value in a table and return a corresponding value from the same row or column. INDEX MATCH is a combination of the INDEX and MATCH functions that allows lookup of values in both vertical and horizontal tables without limitations of VLOOKUP and HLOOKUP. The document demonstrates how INDEX MATCH provides more flexibility than VLOOKUP and HLOOKUP through examples.
This document provides instructions for using Peachtree Complete accounting software. It covers downloading and installing the demo version, setting up a sample company, entering basic transactions including invoices, purchase orders, cash receipts, checks, and credit memos, and generating common reports. Setting up the chart of accounts, vendors, customers and inventory items is described. The instructions are broken into sections for general ledger, accounts payable, accounts receivable, and other key areas.
Stock items in a business can be organized into stock groups for easier tracking and reporting. Stock groups allow items to be classified together based on common attributes like brand. Hierarchical subgroups can also be created. In Tally, stock groups are created by specifying a name, alias, parent group, and whether quantities can be added. Existing stock groups can be displayed, altered by changing details, or deleted individually.
Microsoft Excel allows users to organize data into spreadsheets. It contains workbooks with multiple worksheets made of cells organized into rows and columns. Excel provides functions to perform calculations and analyze data. Users can format worksheets, insert charts and images, and print selections of cells or entire worksheets. Formulas using built-in functions can easily calculate and manipulate data in Excel.
Excel allows users to enter formulas to perform calculations on worksheet data. Formulas begin with an equal sign and can reference cell addresses to manipulate cell values using mathematical operators like addition and subtraction. Common functions like SUM, AVERAGE, and MAX simplify calculations. Formulas can be copied and filled using relative or absolute cell references.
This document provides instructions for setting up and maintaining accounting records for a service business called Daniel Mason Designer using Peachtree Complete Accounting 2009 software. It describes how to create a new company file, set the basic accounting options, and edit the chart of accounts. It then explains how to enter beginning account balances, record deposits and expenses, reconcile the cash account, and generate financial statements at the end of the first accounting period in October. The goal is to take the user through the full accounting cycle for a sample month to demonstrate Peachtree's capabilities for service companies.
The golden rules in accounting or rules of debit and creditkaslinsas
Journal Entries cannot be recorded without some rules. The rules which are used to record a journal entry are called Golden rules of Accounting. It means debit the person who receives something from the business
The document is a chapter from an accounting textbook that discusses analyzing transactions and the basics of double-entry accounting. It introduces accounts, the rules of debit and credit, and how transactions are recorded in journals and T-accounts to update the balances of asset, liability, equity, revenue and expense accounts. It provides examples of common transactions recorded, such as cash deposits and withdrawals, purchases, expenses and revenue. The overall purpose is to teach students the fundamental principles and mechanics of double-entry accounting.
The document provides an introduction to Microsoft Excel. It discusses that Excel is a program used to create electronic spreadsheets and organize data. Within Excel, users can perform calculations and create charts. It also discusses the basic layout of an Excel workbook including worksheets, rows, columns, and cells. Various Excel functions are also introduced such as SUM, IF, COUNT, LEFT, and NOW. Formatting options like fonts, borders, and conditional formatting are also covered.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Learn about recording expenses and income, hodge-podge and basic QuickBooks reporting. Additionally you will get an insight into eighteen common QuickBooks errrors.
Accounting is the process of communicating financial information about a business to users through financial statements, and involves recording, classifying, and summarizing financial transactions according to principles like debits and credits, assets and liabilities, and the accounting equation. There are three main types of accounting: tax, managerial, and financial accounting. The accounting process considers costs and benefits and must comply with legal and regulatory requirements.
How to create planner from inventory setups (Oracle- Inventory)FAHAD ULLAH
This document provides instructions for creating a planner from inventory setups in an E-BusinessSuite application. It details logging into the application, navigating to the inventory setup page, selecting a bulk store organization and employee, and saving to create a planner that can then be assigned to items. Once created, the planner can be accessed through the item master page to manage inventory.
This document provides an overview of Microsoft Access and how to create and manage databases. It discusses database files, tables, fields, and data types. It then explains how to create new databases and tables, enter and manipulate data, and generate forms and reports. The key steps covered include using wizards to easily set up databases, tables, forms and reports, and switching between design and datasheet views to enter and edit information.
This document provides instructions for setting up accounts payable and accounts receivable netting in Oracle. It outlines prerequisites like defining a netting control account and netting bank account. It also describes setups for receivables system options, receipt classes, profiles, and document sequencing. The document explains how to create a netting batch, settle it, and extract netting data. It notes that querying payments for netting will not show an attached payment document.
This document provides an introduction to financial accounting. It discusses key topics such as the nature and purpose of accounting, accounting as an aid to decision making, the major financial statements including the balance sheet, and different forms of business ownership like sole proprietorships, partnerships, and corporations. The balance sheet, in particular, is explained in detail including its key components of assets, liabilities, and owners' equity.
Beginners' guide to Powerpoint is a how to guide for using Microsoft Powerpoint as a presentation or document, including how to add text, images, video, using transitions and how to add animations, as well as some tips for design.
This document provides an overview of Tally accounting software features. It discusses Tally's origins in India and its founders. Key features covered include user classifications (Silver for single-user, Gold for multi-user), activation forms, general features, accounting features like comprehensive accounting system, categorization of accounts, audit trail and drill down capabilities, extracting reports, and bank reconciliation. Inventory features discussed are stock groups, physical stock position, stock transfers, multiple godowns, price lists, and tracking through receipts/delivery notes. The document also touches on accounting and inventory management integration in Tally and summarizes the covered points.
This document provides information about configuring Tally accounting software. It discusses the different configuration options in Tally including general configuration, numeric symbols, accounts/inventory info, and voucher entry options. It also covers security and access control settings in Tally as well as how to work with Tally by creating companies, groups, ledgers, and entering transactions. The document provides step-by-step instructions and explanations for configuring various elements of the Tally software.
Accounting is the process of recording, classifying, summarizing, and interpreting financial transactions. The key aspects of accounting include recording transactions, classifying them, summarizing them to produce financial statements, and interpreting the results. Accounting standards provide guidelines for preparing financial statements and disclosures. Payroll involves accurately paying employees for their work by calculating earnings, making statutory deductions, and ensuring employer contributions are made correctly. Service tax is an indirect tax collected in India on the supply of taxable services.
Completing a task requires invaluable contributions from many individuals. The author expresses gratitude to their guide for guidance and encouragement. Thanks are also given to parents for their support. Tally is a powerful accounting software that can handle all types of financial transactions efficiently and accurately through its various features like voucher entries, books of accounts reports, bank reconciliation statements and shortcut keys.
Completing a task requires invaluable contributions from many individuals. The author expresses gratitude to their guide for guidance and encouragement. They also thank their parents for supporting them. Tally is a powerful accounting software that can handle all types of financial transactions for businesses of any size. It follows traditional accounting methods and principles to accurately track income, expenses, assets, and liabilities. Key features include reports, vouchers, masters, books of accounts, and bank reconciliation statements.
Tally Software in Bangladesh | Tally ERP 9 Software Distribution in BangladeshAl-Amin Kabir
Tally.ERP 9 is a business accounting and inventory management software designed for small and medium businesses. It aims to be fast, powerful, scalable, and reliable. Tally.ERP 9 automates and integrates business operations like sales, finance, purchasing, and inventory. It emphasizes simplicity in setup and use while providing speed, flexibility, and the ability to generate instant reports. Tally.ERP 9 can also handle advanced functionality like multiple companies, currencies, inventory tracking, and financial management tools.
The document provides instructions on how to perform various accounting tasks in Tally.ERP 9 such as creating a company, ledger accounts, inventory items, voucher entries, and generating reports. It explains how to configure accounting features and statutory/tax settings. It also summarizes the key advantages of Tally.ERP 9 like increased audit efficiency through remote access and its limitations like lack of alerts for credit limit exceeds.
Provides context sensitive help
Menu bar: Contains menus to access various features
Tool bar: Contains shortcut buttons for commonly used features
Status bar: Displays status messages
Work area: Area where data is entered and reports are viewed
2.2.3 Tally.ERP 9 Exit
To exit Tally.ERP 9, click on File > Exit or press Alt+F4.
You will be prompted to save the data if any changes have been made. Click Yes to save the
changes or No to discard the changes and exit Tally.ERP 9 without saving.
You can also exit Tally.ERP 9 by clicking on the close button (X) in the title bar.
Intelliob MoneyFacts is a Financial Acccounting Solution for SME with GL, Account Receivable, Accounts Payable, Financial Statements, and Chart of Accounts Management and More.
Salient Features of Tally.ERP 9
Key Components of Tally.ERP 9
How to start and exit Tally.ERP 9
Setting up a company in Tally.ERP 9
Working with companies in Tally.ERP 9
This document provides instructions on how to create and configure various accounting masters in Tally.ERP9 such as company, ledger accounts, inventory items and units of measurement. It also describes how to enter voucher transactions, generate common reports like trial balance, profit and loss statement, balance sheet, cash flow statement and how to view registers like sales and purchase. Configuring the accounting features and statutory/taxation modules is also briefly outlined.
This document provides instructions on how to create and configure various accounting masters in Tally.ERP9 such as company, ledger accounts, inventory items and units of measurement. It also describes how to enter voucher transactions, generate common reports like trial balance, profit and loss statement, balance sheet, cash flow statement and how to view registers like sales and purchase. Configuring the accounting features and statutory/taxation modules is also briefly outlined.
Tally.ERP 9 is a powerful, scalable, and reliable business accounting and inventory management software. It is designed to meet the needs of small and medium businesses. Key features include simplicity, speed, flexibility, multi-lingual capability, real-time processing, complete bookkeeping functions, customizable financial and inventory reports, and the ability to manage multiple companies and warehouses. Tally.ERP 9 provides all the functionality needed for basic and advanced financial and inventory management.
This document provides an overview of Sage Evolution, an integrated business management software solution. It offers accounting, CRM, inventory management, payroll, and other modules. Key features highlighted include fully integrated modules, lowest total cost of ownership, easy to use interface, specialized industry modules, simplified reporting, and support infrastructure. The core Sage Evolution system and additional modules that can be purchased are described.
This document provides an overview and introduction to the accounting software Tally.ERP 9. It discusses the history and features of Tally, how to install and set up the software, and how to perform basic tasks like creating a company file, entering transactions, and generating reports. The key points covered include that Tally was first released in 1988 in India, it is user-friendly and supports multiple languages, and it allows users to easily record transactions, maintain accounts, and view reports on business performance.
The document provides interview questions and answers related to SAP FICO (Financial Accounting and Controlling). Some key points covered include:
- Organizational assignments like company codes, plants, purchasing organizations are assigned to a company code. A controlling area can have a one-to-one or one-to-many relationship with company codes.
- A company code can have one chart of accounts and up to three currencies configured. Additional ledgers are needed if more than two currencies are configured.
- Special periods in SAP FICO are only applicable for financial posting, not materials management. Document types control accounts used, number ranges, and reversal options.
- Account groups and field status
Document types in SAP define number ranges, account types, and reversal entries. Financial statement versions allow customized reporting outputs. Input and output taxes are managed through tax procedures and codes that can expense or capitalize taxes. Validations and substitutions define rules at the document and line item levels. Configuring document clearing requires accounts with open item management. The GR/IR clearing account is an interim account used for goods receipt and invoice receipt entries.
The document discusses the importance of having a well-designed chart of accounts for a business. It explains that a chart of accounts is a list of accounts that segregates assets, liabilities, income, and expenses. The chart of accounts is unique to each business and should be structured logically based on the business's data sorting requirements and software. A well-designed chart of accounts provides reliable financial reporting, prepares management reports for decision making, and ensures compliance.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
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For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
Computerised Accounting notes.pdf
1. Computerised Accounting
Interface and Company Management: Introduction to Tally ERP9 - Creating a
Company - Altering and Deleting Company – Data Security: Security Control Setup -
User Security Control, Multi Language, Export, Import, Backup and Restore: Export
and Import Formats - Data Backup and Restore - Masters - Ledgers: Understanding
Ledgers - Creating Ledgers - Creating Multiple Ledgers - Altering and Deleting
Ledgers – Groups: Creating Groups - Altering and Deleting Groups - Bill wise
Debtors and Creditors Ledgers: Configuring Bill wise Details
ChatGPT
Interface and Company Management: Introduction to Tally ERP9
Tally ERP9 is a popular accounting software used by businesses to manage their
financial and accounting needs. It offers a user-friendly interface and various features
to facilitate efficient company management. In this guide, we will cover key aspects
of using Tally ERP9 for company management, data security, multi-language support,
export, import, backup, and restore functionalities. Additionally, we will delve into
creating and managing ledgers, groups, and configuring bill-wise details for debtors
and creditors.
Creating a Company
1. Launch Tally ERP9 and log in with appropriate credentials.
2. In the main menu, select "Company Info" and then "Create Company."
3. Enter essential company details such as name, address, financial year, and
currency.
4. Specify the ledger and voucher configurations for the company.
5. Save the company information, and the new company is now created.
Altering and Deleting Company
1. To modify company details, go to "Company Info" and select "Alter."
2. Make the necessary changes and save the modifications.
Note: Deleting a company in Tally ERP9 requires proper authorization, and you
should exercise caution when performing this action. Deleted company data cannot be
recovered.
Data Security: Security Control Setup
Tally ERP9 provides robust data security features to protect sensitive financial
information. You can set up security controls to restrict access to certain
functionalities and data.
User Security Control
1. Go to "Company Info" and select "Security Control."
2. Set a security level (e.g., Owner, Administrator, Data Entry, etc.) for each user.
3. Define access rights for various features and functions based on user roles.
2. 4. Save the changes to apply the security settings.
Multi-Language Support
Tally ERP9 supports multiple languages, allowing users to work in their preferred
language.
1. In the "F12: Configure" screen, choose "General" settings.
2. Select the preferred language from the list of available languages.
3. Save the settings to enable multi-language support.
Export and Import Formats
Tally ERP9 allows exporting and importing data in different formats for external use.
1. To export data, go to the relevant report or ledger, and choose the export
option.
2. Select the desired format (e.g., Excel, PDF) and proceed with the export.
Data Backup and Restore
Regular data backup is crucial for safeguarding against data loss due to system
failures or other issues. Tally ERP9 offers easy data backup and restore options.
1. To back up data, go to "Company Info" and select "Backup."
2. Choose the backup location and follow the on-screen instructions to complete
the process.
To restore data from a backup:
1. Go to "Company Info" and select "Restore."
2. Navigate to the backup file location and proceed with the restore process.
Masters - Ledgers: Understanding Ledgers
In Tally ERP9, ledgers represent individual accounts for assets, liabilities, income,
expenses, etc. Understanding ledgers is fundamental to effective accounting in the
software.
Creating Ledgers
1. To create a ledger, go to "Accounting Info" and select "Ledgers."
2. Choose the appropriate group (e.g., Sundry Debtors, Sundry Creditors, etc.).
3. Enter the ledger name, address, and other relevant details.
4. Save the ledger to add it to the chart of accounts.
Creating Multiple Ledgers
You can create multiple ledgers in Tally ERP9 using the same process mentioned
above.
3. Altering and Deleting Ledgers
1. To modify a ledger, go to "Accounting Info" and select "Ledgers."
2. Locate the ledger you want to alter, make the necessary changes, and save.
To delete a ledger:
1. Be cautious, as deleting a ledger affects associated transactions and reports.
2. To delete, open the ledger, select "Alt + D," and confirm the deletion.
Groups: Creating Groups
Groups in Tally ERP9 categorize ledgers for organized accounting.
1. Go to "Accounting Info" and select "Groups."
2. Choose the appropriate primary group for the new group (e.g., Sundry Debtors,
Sundry Creditors, etc.).
3. Enter the group name and other relevant details.
4. Save the group to add it to the chart of accounts.
Altering and Deleting Groups
1. To modify a group, go to "Accounting Info" and select "Groups."
2. Locate the group you want to alter, make the necessary changes, and save.
To delete a group:
1. Be cautious, as deleting a group affects associated ledgers, transactions, and
reports.
2. To delete, open the group, select "Alt + D," and confirm the deletion.
Bill Wise Debtors and Creditors Ledgers: Configuring Bill-wise Details
In Tally ERP9, you can enable bill-wise details to track transactions for individual
bills from debtors and creditors.
1. Go to "Accounting Info" and select "Ledgers."
2. Choose the debtor/creditor ledger you want to configure for bill-wise details.
3. Enable "Maintain balances bill-by-bill" option in the ledger configuration.
4. Save the changes to activate bill-wise details for that ledger.
Now, you have a basic understanding of Tally ERP9's interface and company
management, along with data security, multi-language support, export-import,
backup-restore functionalities. Additionally, you've learned about creating, altering,
and deleting ledgers and groups, as well as configuring bill-wise details for debtors
and creditors. These aspects will help you efficiently manage your accounting and
financial needs using Tally ERP9.
4. UNIT II Default Vouchers: Payment Voucher - Receipt Voucher - Contra Voucher -
Journal Voucher, Day Book: Day Book Reports - Altering and Deleting Transactions,
Cheque Printing: CTS Cheque Printing System, Masters : Inventory: Understanding
Inventory - Integrating Accounts and Inventory - Stock Group - Go down and
Locations - Stock Category - Units of Measure - Stock Items - Manual Stock
Valuation without Inventory
ChatGPT
UNIT II Default Vouchers
Tally ERP9 comes with several default voucher types that facilitate different types of
transactions. Here are the commonly used default voucher types:
Payment Voucher
The Payment Voucher is used to record payments made to suppliers, creditors, or for
any other expenses. It helps in tracking cash and bank payments.
Receipt Voucher
The Receipt Voucher is used to record money received from customers, debtors, or
any other sources of income. It helps in tracking cash and bank receipts.
Contra Voucher
The Contra Voucher is used to record transactions involving both cash and bank
accounts. It is commonly used for bank transfers, cash deposits, and withdrawals.
Journal Voucher
The Journal Voucher is used to record non-cash transactions, such as adjustments,
accruals, depreciation, and other general entries.
Day Book
The Day Book is a report in Tally ERP9 that displays all the transactions entered on a
specific day. It provides a chronological record of transactions, categorized by their
voucher types.
Day Book Reports
The Day Book Report can be generated for any specified period to view all
transactions during that period. It helps in auditing and reconciling daily transactions.
Altering and Deleting Transactions
In Tally ERP9, you can modify or delete transactions, but it requires appropriate user
access and authorization. To alter or delete a transaction:
1. Go to the relevant report (e.g., Day Book, Ledger Vouchers).
5. 2. Locate the transaction you want to alter or delete.
3. Select "Alter" to make changes or "Delete" to remove the transaction.
Cheque Printing: CTS Cheque Printing System
Tally ERP9 supports CTS (Cheque Truncation System) cheque printing. To enable
cheque printing:
1. Configure cheque printing settings in Tally ERP9 by providing necessary
details like bank name, account number, etc.
2. Create the required voucher (Payment or Receipt).
3. Select the option to print the cheque while making the payment or receipt
entry.
The system will generate and print the cheque based on the configured settings.
Masters: Inventory
Inventory management in Tally ERP9 involves handling stock-related information to
track goods and materials.
Understanding Inventory
Inventory refers to the stock of goods a business holds for production, resale, or
consumption.
Integrating Accounts and Inventory
Tally ERP9 allows seamless integration of accounting and inventory modules,
providing a comprehensive view of the financial and stock-related aspects of the
business.
Stock Group
Stock Group categorizes stock items based on similar characteristics or nature. For
example, "Electronics," "Furniture," etc.
Go Down and Locations
Go Down and Locations represent physical storage areas for inventory items. Go
Down could be a warehouse, while Locations might be specific racks or shelves
within that warehouse.
Stock Category
Stock Category further classifies stock items within a Stock Group. For example,
within the "Electronics" group, you could have "Laptops," "Mobile Phones," etc., as
Stock Categories.
Units of Measure
6. Units of Measure specify how stock items are measured, such as pieces, kilograms,
liters, etc.
Stock Items
Stock Items are individual items in the inventory that you buy, sell, or manufacture.
Each Stock Item is associated with specific details like its name, unit of measure, rate,
etc.
Manual Stock Valuation without Inventory
Tally ERP9 allows manual stock valuation in situations where a business does not use
the inventory module. Manual stock valuation helps in determining the value of
closing stock at the end of an accounting period.
By understanding these concepts and utilizing them effectively, businesses can
manage their inventory and integrate it with their financial accounts seamlessly. Tally
ERP9 offers a comprehensive solution for various aspects of accounting and
inventory management.
UNIT III Purchase Order Processing
Purchase Order Processing in Tally ERP9 involves the steps to create and manage
purchase orders and handle related transactions.
Purchase Order Process
The Purchase Order Process includes the following steps:
1. Creating Purchase Order: Prepare a purchase order with details like supplier
name, item details, quantity, rates, etc.
2. Sending Purchase Order: Send the purchase order to the supplier for
confirmation and acknowledgement.
3. Receipt Note (Inventory): When goods are received, create a receipt note to
record the items in the inventory.
Purchase Order Voucher
The Purchase Order Voucher is used to create a purchase order with all the necessary
details.
Receipt Note (Inventory)
The Receipt Note (Inventory) is used to record the receipt of goods from a supplier. It
updates the inventory with the received items.
Rejection-Out Voucher
7. The Rejection-Out Voucher is used to record rejected goods returned to the supplier
due to various reasons like damaged items or incorrect shipments.
Sales Order Processing
Sales Order Processing in Tally ERP9 involves creating and managing sales orders
and handling related transactions.
Sales Order Process
The Sales Order Process includes the following steps:
1. Creating Sales Order: Prepare a sales order with details like customer name,
item details, quantity, rates, etc.
2. Sending Sales Order: Send the sales order to the customer for confirmation
and acknowledgement.
3. Delivery Note (Inventory): When goods are delivered, create a delivery note
to record the dispatch of items from the inventory.
Sales Order Voucher
The Sales Order Voucher is used to create a sales order with all the necessary details.
Delivery Note (Inventory)
The Delivery Note (Inventory) is used to record the delivery of goods to a customer. It
updates the inventory by reducing the dispatched items.
Rejection-IN Voucher
The Rejection-IN Voucher is used to record the receipt of rejected goods from a
customer. It updates the inventory by adding the returned items.
Debit and Credit Notes
Debit and Credit Notes are used to adjust the value of a transaction without affecting
the original voucher. They are commonly used for corrections and adjustments.
Bank Reconciliation
Bank Reconciliation in Tally ERP9 involves comparing and reconciling the bank
statements with the transactions recorded in the software. It helps identify any
discrepancies and ensures accurate financial records.
Manufacturing Vouchers
Manufacturing Vouchers in Tally ERP9 are used to record manufacturing-related
transactions.
Bills of Materials (BOM)
8. Bills of Materials (BOM) are used to define the raw materials and their quantities
required for manufacturing a finished product.
Job Costing
Job Costing is used to track and allocate costs for specific jobs or projects undertaken
by a business.
Tax Deducted at Source (TDS)
TDS in Tally ERP9 deals with tax deductions made at the source of income.
Understanding TDS
TDS is a tax deducted by individuals or businesses while making payments to others
and remitted to the government.
Creating TDS Masters
In Tally ERP9, you can create TDS masters to manage TDS deductions and payments.
TDS Payment
TDS payments can be recorded in Tally ERP9, and the software helps in generating
TDS certificates and reports.
Tax Reports and Tax Forms
Tally ERP9 provides various tax reports and forms to assist businesses in fulfilling
their tax-related obligations.
Payroll Accounting
Payroll Accounting in Tally ERP9 involves managing employee-related financial
transactions.
Understanding Payroll
Payroll refers to the process of calculating and managing employee salaries and other
benefits.
Pay Heads and Categories
Pay Heads and Categories in Tally ERP9 help define salary components and
categories for employees.
Employee Details and Salary Details
Employee details and salary details are entered in Tally ERP9 to manage payroll-
related transactions.
9. Attendance Entries
Attendance entries are recorded in Tally ERP9 to calculate employee salaries based
on their working days.
Salary Payment – Pay sheet and Pay Slips
Tally ERP9 facilitates salary payment by generating pay sheets and pay slips for
employees.
By utilizing these features and functionalities, businesses can effectively manage
purchase and sales orders, handle manufacturing transactions, handle tax deductions,
reconcile bank statements, and efficiently manage payroll accounting in Tally ERP9.
Goods and Services Tax (GST): Activating Tally in GST - Setting Up GST (Company
Level, Ledger Level or Inventory Level) - GST Taxes & Invoices - SGST, CGST &
IGST - Creating GST Masters in Tally, Purchase Voucher with GST: Updating GST
Number for Suppliers -Intra-State Purchase Entry in GST (SGST + CGST) - Inter-
State Purchase Entry in GST (IGST) - GST Purchase Entry for Unregistered Dealer in
Tally - Reverse Charge Mechanism Entry for GST in Tally, Sales Voucher with GST:
Updating GST Number for Suppliers - Intra-State Sales Entry in GST (SGST + CGST)
- Inter-State Sales Entry in GST (IGST) - Printing GST Sales Invoice from Tally
ERP9 Software, GST Reports and Returns: GSTR 1 in Tally - GSTR 1 Return Filing
ChatGPT
Goods and Services Tax (GST) in Tally ERP9
Goods and Services Tax (GST) is a unified indirect tax system that replaced multiple
taxes in India. Tally ERP9 provides comprehensive support for GST compliance.
Below are the key aspects of using Tally ERP9 for GST-related activities.
Activating Tally in GST
To enable GST in Tally ERP9, you need to activate the GST feature in the software.
This can be done during the initial company creation or by going to "F11: Features"
and enabling the GST feature.
Setting Up GST
GST setup involves configuring GST-related details at the company level, ledger level,
and inventory level.
1. Company Level: Set up company-specific GST details like GSTIN, taxation
type, etc.
2. Ledger Level: Configure GST-related information for ledgers like suppliers,
customers, and other parties.
10. 3. Inventory Level: Define GST details for stock items, tax rates, and tax
classifications.
GST Taxes & Invoices - SGST, CGST & IGST
In the GST system, taxes are categorized as State GST (SGST), Central GST (CGST),
and Integrated GST (IGST), depending on the type of transaction (intra-state or inter-
state).
Intra-State Transactions (within the same state):
o SGST: State GST collected on intra-state sales.
o CGST: Central GST collected on intra-state sales.
Inter-State Transactions (between different states):
o IGST: Integrated GST collected on inter-state sales.
Creating GST Masters in Tally
To create GST masters in Tally ERP9:
1. Define GST tax rates, tax ledgers, and tax classifications.
2. Set up supplier and customer ledgers with their respective GSTIN (GST
Identification Number).
Purchase Voucher with GST
To record purchase transactions with GST:
1. Update GSTIN for suppliers to include GST details on the purchase voucher.
2. Record intra-state purchases (SGST + CGST) or inter-state purchases (IGST)
based on the type of transaction.
3. Record purchases from unregistered dealers and reverse charge mechanism
entries as required.
Sales Voucher with GST
To record sales transactions with GST:
1. Update GSTIN for customers to include GST details on the sales voucher.
2. Record intra-state sales (SGST + CGST) or inter-state sales (IGST) based on
the type of transaction.
11. 3. Print GST-compliant sales invoices from Tally ERP9.
GST Reports and Returns
Tally ERP9 provides various GST reports to help with GST compliance and filing
GST returns.
GSTR 1 in Tally: GSTR 1 report provides details of outward supplies made
during a tax period.
GSTR 1 Return Filing: Based on the GSTR 1 report, businesses can file their
GSTR 1 return directly from Tally ERP9.
By utilizing the GST-related features in Tally ERP9, businesses can easily comply
with GST regulations, manage GST-related transactions, and generate accurate GST
reports for filing returns.
COUNTING
LIST OF PRACTICALS
1. Creation of company in Tally ERP.9 with security control setup.
2. Creation of single and multiple ledgers.
3. Creation of default vouchers- payment, receipt, contra, journal
4. Creation of inventory with Stock group and stock items
5. Creation of purchase order and sales order voucher
6. Printing the cheque, GST Sales Invoice, GST Purchase and various other reports.
7. Creation of payroll, pay heads, attendance and reports
8. Activation of Tally in GST, Purchase and Sales Voucher in GST with Intra state
and Interstate entry
9. Activation of interest calculation budgets and controls.
10. Prepare a financial statement.
Interest Calculations (Auto Mode): Activating Interest Calculations, Point of Sales,
Budgets and Controls: Budget Masters and Configurations - Budget Reporting and
Analysis, Cost Centers and Cost Categories: Cost Centers - Profit Centers, Purchase
and Sales Reporting: Analyzing Purchase and Sales Register - Analyzing Debit and
Credit Note - Overdue Payables and Receivables - Outstanding Reports and Printing,
Stock Analysis and Reports: Stock Registers - Stock Valuation - Stock Transfer
12. Report - Negative Stock Report - Record Physical Stock and Shortage - Stock Entry
without Perpetual Inventory, Financial Reports: Trial Balance - Profit and Loss
Account - Balance Sheet - Working Capital - Cash Flow and Fund Flow Statements,
Printing Reports: Sales Invoice - Printing Payment and Receipt Vouchers - Printing
Various Other Reports - Miscellaneous: Inserting Vouchers - Duplicating Entries -
Split Company Data - Merge Tally Companies, Shortcut Keys
ChatGPT
Interest Calculations (Auto Mode)
In Tally ERP9, you can activate automatic interest calculations to apply interest on
overdue transactions. This feature is useful for managing interest on outstanding
receivables and payables.
Activating Interest Calculations
To activate interest calculations:
1. Go to "F11: Features."
2. Enable "Interest Calculation" under "Accounts & Inventory Features."
3. Configure the interest calculation settings, such as rate of interest, grace period,
etc.
Point of Sales (POS)
Tally ERP9 provides Point of Sale (POS) capabilities, allowing businesses to manage
retail sales efficiently.
Budgets and Controls
Budgets and Controls in Tally ERP9 help businesses set financial targets and monitor
their performance against those targets.
Budget Masters and Configurations
1. Create budget masters to set budget details for specific periods and ledgers.
2. Configure budget-related settings like "Budgets and Scenario Management"
under "F11: Features."
Budget Reporting and Analysis
Generate budget reports to analyze actual performance against the set budgets and
make informed financial decisions.
Cost Centers and Cost Categories
Cost Centers and Cost Categories in Tally ERP9 are used to track and allocate
expenses across different segments or departments.
Cost Centers
13. Create cost centers to track expenses based on specific departments or projects.
Profit Centers
Profit Centers help analyze profitability based on specific segments or branches.
Purchase and Sales Reporting
Tally ERP9 provides various reports to analyze purchase and sales transactions.
Analyzing Purchase and Sales Register
View detailed purchase and sales registers to analyze transaction-level information.
Analyzing Debit and Credit Note
Track debit and credit notes to understand adjustments made in transactions.
Overdue Payables and Receivables
Generate reports to identify overdue payables and receivables for effective debt
management.
Outstanding Reports and Printing
Get outstanding reports to review pending payments and receipts.
Stock Analysis and Reports
Tally ERP9 offers comprehensive stock analysis and reporting features to manage
inventory effectively.
Stock Registers
View stock registers to track stock movements and transactions.
Stock Valuation
Generate reports to determine stock valuation based on different methods (FIFO,
LIFO, etc.).
Stock Transfer Report
Analyze stock transfers between different locations or warehouses.
Negative Stock Report
Identify instances of negative stock to avoid stockouts.
Record Physical Stock and Shortage
14. Record physical stock verification and address stock shortages.
Stock Entry without Perpetual Inventory
Record stock entries without using the perpetual inventory system.
Financial Reports
Tally ERP9 provides essential financial reports to analyze a company's financial
position.
Trial Balance
View the trial balance to check the accuracy of transactions.
Profit and Loss Account
Generate profit and loss statements to assess the company's financial performance.
Balance Sheet
Get the balance sheet report to view the company's financial position.
Working Capital
Analyze the working capital to measure the company's liquidity.
Cash Flow and Fund Flow Statements
Generate cash flow and fund flow statements for cash management and fund analysis.
Printing Reports
Tally ERP9 allows you to print various financial and accounting reports.
Sales Invoice
Print sales invoices with all relevant details.
Printing Payment and Receipt Vouchers
Print payment and receipt vouchers for record-keeping.
Printing Various Other Reports
Print other reports as required for analysis and compliance.
Miscellaneous
Here are some additional features and functionalities in Tally ERP9.
15. Inserting Vouchers
Insert vouchers between existing vouchers for accurate data entry.
Duplicating Entries
Duplicate vouchers for similar transactions to save time on data entry.
Split Company Data
Split data from one company to create a new company in Tally ERP9.
Merge Tally Companies
Merge data from multiple companies into a single company in Tally ERP9.
Shortcut Keys
Tally ERP9 offers various shortcut keys for quick navigation and data entry. These
shortcuts can significantly speed up your workflow and improve productivity.