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.

2. 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.

4. 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
handling accounts.
• Covers a wide area - can be used by the owner,
financial controller, accountant, manager or an
auditor

5. • 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
formality feature.
• Tally ERP.9 Tally ERP.9 with Remote Access facility,
Multi-budgets & scenarios & etc.

6.  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
•Bangladesh
•Middle East
•United Kingdom

7. • Increase in audit efficiency because of ease in
access to the client's data and reports remotely.
• Powerful remote capabilities that boost
collaboration .
• Easy to find qualified personnel .
• Easy to customize.
• Low cost of ownership via quick
implementation, Tally Integrator, Support
Centre.
Advantages of Tally.ERP 9:

8. • Security is not there.
• Cannot have alerts if credit limit exceeds for any customer .No pop
ups or message is displayed by the software.
LIMITATIONS

9. :

10. 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
are optional)
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

11. 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.

12. 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
Info.>Groups

13. Gateway of Tally>Accounts Info.>Ledgers

14. 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
group .

15. Creating Inventory Master
Step1: Gateway of Tally>Inventory Info.>Stock Group/Stock Item/ Unit of Measures

16. Stock Items are classified into stock groups to reflect their classification based on
some community.
To create a Stock Group,
Go to Gateway of Tally > Inventory Info. > Stock Groups > Create

17. 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
account for.
Go to Gateway of Tally > Inventory Info. > Stock Items

18. 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
Nos (Nu
mbers), you have to create two simple units, Doz
(Dozen) and Nos (Numbers) and set the conversion

19. IMPORTING DATA
Import of data from one company to another
created within tally happens seamlessly.

20. Configuration:F12
General configuration
Accts/Inventory Info.
Configuration

21. Voucher Entry
Configuration Payroll Configuration
Data Configuration

23. Step1: Gateway of Tally >Accounting voucher > Payment/Contra/Receipt/Sales/
Purchase/Journal Voucher.

24. (F5)

27. Journal voucher is used to prepared when non cash transactions is taking
place . E.g. Bank interest payment, outstanding expenses.

30. )

31. ( F1)
( F2)
( F3)

32. Configuration of Accounting Features after press F1

33. Configuration of Accounting Features after press F2

34. Configuration of Statutory & Taxations after press F3

35. TRIAL BALANCE
 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
POINT.

36. TO VIEW THE TRIAL BALANCE GO TO
GATEWAY OF TALLY > DISPLAY >TRIAL
BALANCE

37. 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.

38. Select F5: Led-wise To List All Ledgers And Their Closing
Balances. The Screen Is Displayed As Shown

39. Select New Column To Bring Up The Closing Balance
For Another Date. The Screen Is Displayed As
Shown

40.  Profit & loss statement
 Balance sheet
 Cash flow statement
 Fund flow statement
 Ratio analysis
 Others

41. Reports Generating:
(1) Profit & Loss Statement

42. (2) Balance Sheet

43. (3) Cash Flow Statements
Gateway Of Tally>Cash Flow

44. (4) Fund Flow Statement
Gateway of Tally>Fund Flow

45. (5)Ratio Analysis
Gateway of Tally>Ratio Analysis

46. (3) Stock Summary

47. (4) Day Book for 31.03.2010
Gateway of Tally>Display>Day Books

48. (7) Sales Register
Gateway of Tally>Display>Accounts Book>Sales Register

49. (8) Purchase Register
Gateway of Tally>Display>Accounts Book>Purchase Register

50. (5)Ratio Analysis
Gateway of Tally>Ratio Analysis

51. (3) Stock Summary

52. (4) Day Book for 31.03.2010
Gateway of Tally>Display>Day Books

53. (7) Sales Register
Gateway of Tally>Display>Accounts Book>Sales Register

54. (8) Purchase Register
Gateway of Tally>Display>Accounts Book>Purchase Register