Tally - Introduction and Concepts

1. Mr D Victorseelan
Dept of Mathematics
Nehru college of Management
TALLY ERP 9

2. Introduction
Tally is designed to integrate all business
operations, like
•Sales
•Finance
•Purchasing
•Inventory
•Manufacturing and So on

3. Difference between All TALLY
versions
•TALLY 4.5 = DOS based A/c and Inventory
•TALLY 5.4 = Windows Based
•TALLY 6.3 = with online finalization auditing
•TALLY 7.0 = Import and Export features
•TALLY 7.2 = With VAT, TDS and Service Tax
•TALLY 8.1 = With FBT and Excise duty (Fringe Benefit
Tax (FBT) is a tax on benefits that
employees receive as a result of their
employment.)
•TALLY 9.0 = Payroll system, Multi Language and formality
feature
•TALLY EPR.9 = Remote access facility and Multi budgets

4. OPENING TALLY

5. STEP 1 - COMPANY CREATION ( ALT+F3)

6. STEP 2 - ACCOUNT DETAILS
( Gateway of Tally)

7. STEP 3 – LEDGER CREATION

8. BASIC – ACCOUNT’S
GOLDEN RULE
DEPIT - What comes in
CREDIT - What goes out
•LEDGER
•INVENTORY (STOCK)
•VOUCHER
•REPORTS

9. IMPORTANT KEYS and SHORTCUTS
 GO - ENTER KEY
 BACK - BACKSPACE or ESCAPE KEY
 SAVE - Press (Y) key or Press ENTER
 QUICK SAVE - Ctrl + A
 CANCEL - Esc Key
 Ledger - Alt + C
 Select Company - F1
 Shut Company - Alt + F1
 Change Date - F2
 Settings - F12
 features(Options) - F11

10. LEDGER CREATION
A ledger in accounting is also
known as the principal book
of accounts as well as the bo
ok of final entry.
Ledger is a book in which all
accounts are maintained.

11. LEDGERS - Examples

12. LEDGER CREATION - STEPS
• Capital account
• Bank account
• Supplier ( Sundry creditors)
• Customer ( Sundry Debtors)
• Expenses
• Direct expenses
• Indirect expenses
• Purchase A/c
• Sales A/c
• Petty Cash etc

13. INVENTORY (STOCK) - Creation

14. VOUCHER - Creation

15. VOUCHER - TYPE
 RECEIPT - Money Comes – F6
 PAYMENT – Money Goes – F5
 PURCHASE – Stock Comes – F9
 SALES – Material goes – F8
 CONTRA – Bank Transaction ( Internal
Transaction ) – F4
 JOURNAL – Adjustment – F7

16. RECEIPT – F6

17. PAYMENT – F5

18. PURCHASE – F9

19. SALES – F8

20. CONTRA – F4

21. JOURNAL – F7

22. EXAMPLE 1