Tally.ERP 9 is accounting software that provides powerful remote capabilities and customization options to help businesses manage their finances. It offers features like accounting, inventory management, multi-currency support, and reporting across locations and time periods. The document discusses Tally.ERP 9's advantages and various functions and features to support accounting, purchases, sales, inventory management, and other business processes.
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
YENNES Infotec (P) Limited. is a specialized Tally solution provider with decades of experience in installation, conformation, implementation and training of Tally products. For companies looking for a robust and versatile business management platform, Tally.ERP 9 can offer an excellent solution. The software package bears extreme adaptability and can be customized to suit the changing requirements of businesses.
- See more at: http://www.yennes.com/tally-customization/#sthash.hc8nu3iN.dpuf
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
YENNES Infotec (P) Limited. is a specialized Tally solution provider with decades of experience in installation, conformation, implementation and training of Tally products. For companies looking for a robust and versatile business management platform, Tally.ERP 9 can offer an excellent solution. The software package bears extreme adaptability and can be customized to suit the changing requirements of businesses.
- See more at: http://www.yennes.com/tally-customization/#sthash.hc8nu3iN.dpuf
Businesses like yours have big goals. But it’s
easy to lose focus when a flood of day-to-day
operational details, ad hoc requests for
information, and nonstop competitive moves
demand your full attention. The SAP® Business One application offers an affordable way to manage
your entire business – from sales and customer relationships to financials
and operations. See more
Save Time and Resources - Fully Automate Intercompany Process End to EndVineeth Mylapur
Does your Intercompany process (from entries to settlements) manual? Are your Accountants, Accounts Payable, Treasury and Tax teams facing difficulties to finish the process on time? Do you want to save time and resources by automating the Intercompany process end to end? If you are facing these problems then join this session to learn how you can help your organization to completely automate the Intercompany process by extending the standard Advance Global Intercompany System features to automate the Intercompany entries, approvals, Invoicing, accounting, reconciliation, netting and settlements.
Objective 1: Discuss the business use cases and limitations of standard Advance Global Intercompany System (AGIS).
Objective 2: Learn how you can automate the AGIS entry process for each business use case.
Objective 3: Discover the enhancements and configurations are required for automating the Intercompany process end to end.
Objective 4: Learn how to automatically create Intercompany Invoices (in AR & AP), accounting and reconciliation of the transactions.
Objective 5: Learn how you can automate the netting process and perform cash settlements for the Intercompany transactions between legal entities as per region specific regulations.
Comprehensive AP Automation: Invoice capture, approval workflow, PO matching for SAP Business One. Compliant and secure - over 20,000 users and a 95% recommend rating from current customers.
NCET Tech Bite - March 2015 - QuickBooks - Marie GibsonArchersan
Marie Gibson of Gibson, Gale & Associates discusses the power of QuickBooks. She points out the common QuickBooks mistakes made by new users that affect their reports’ integrity and how to prevent them. She also focuses on the use of financial reports in managerial decision-making.
Businesses like yours have big goals. But it’s
easy to lose focus when a flood of day-to-day
operational details, ad hoc requests for
information, and nonstop competitive moves
demand your full attention. The SAP® Business One application offers an affordable way to manage
your entire business – from sales and customer relationships to financials
and operations. See more
Save Time and Resources - Fully Automate Intercompany Process End to EndVineeth Mylapur
Does your Intercompany process (from entries to settlements) manual? Are your Accountants, Accounts Payable, Treasury and Tax teams facing difficulties to finish the process on time? Do you want to save time and resources by automating the Intercompany process end to end? If you are facing these problems then join this session to learn how you can help your organization to completely automate the Intercompany process by extending the standard Advance Global Intercompany System features to automate the Intercompany entries, approvals, Invoicing, accounting, reconciliation, netting and settlements.
Objective 1: Discuss the business use cases and limitations of standard Advance Global Intercompany System (AGIS).
Objective 2: Learn how you can automate the AGIS entry process for each business use case.
Objective 3: Discover the enhancements and configurations are required for automating the Intercompany process end to end.
Objective 4: Learn how to automatically create Intercompany Invoices (in AR & AP), accounting and reconciliation of the transactions.
Objective 5: Learn how you can automate the netting process and perform cash settlements for the Intercompany transactions between legal entities as per region specific regulations.
Comprehensive AP Automation: Invoice capture, approval workflow, PO matching for SAP Business One. Compliant and secure - over 20,000 users and a 95% recommend rating from current customers.
NCET Tech Bite - March 2015 - QuickBooks - Marie GibsonArchersan
Marie Gibson of Gibson, Gale & Associates discusses the power of QuickBooks. She points out the common QuickBooks mistakes made by new users that affect their reports’ integrity and how to prevent them. She also focuses on the use of financial reports in managerial decision-making.
This is a Module designed to be work in Tally.ERP9 for the customers providing Pest Control Services. Module handles cash basis accounting system in Tally and Mercantile Basis System for Book Keeping both simultaneously.
This presentation covers the basic modules of Financial accouting of SAP FICO module.This is for presentation purpose and doesn't serve as a full fledged presentation on SAP FI
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
1. Tally.ERP 9 - Overview
You bank and pay utility bills from home, why not do your business accounts? Or call up a stock status
report and print a copy from wherever you are?Tally.ERP 9 has been designed with you in mind.
Powerful connectivity makes information available with your staff, CA and other professionals, round-
the-clock, in any place. It's also quick to install and allows incremental implementation-a novel
capability that lets you activate just as many of its functions when required, even across locations.
At Tally, we have a hard-earned reputation for empowering businesses with stable, effective software
products and Tally.ERP 9 takes this further. Tally.ERP 9 has all the features required for high-
performance business management including remote access, audit & compliance services, an
integrated support centre and security management, all focused on delivering peace of mind. It is a
complete product that retains its original simplicity yet offers evolved capabilities like statutory
processes, payroll, excise etc. Whatever the demands, Tally.ERP 9 makes life a lot easier. With an
ideal combination of function, control and customisability built in, Tally.ERP 9permits business
owners and their associates to do more.
Advantages of Tally.ERP 9:
• Powerful remote capabilities that boost collaboration
• Easy to find qualified personnel
• Easy to customise
• Low cost of ownership via quick implementation, Tally Integrator, Support Centre…
Functions & Features:
Accounting
All your accounting requirements are supported. And more. Accounting, also known as bookkeeping, is
the recording and classifying of financial transactions into the books of accounts and associated
registers.
Let us look at the some of the 'needs' for which businesses maintain books of accounts:
• To fulfill legal requirements - records as per standards and practices
• To pay taxes to various bodies - statutory needs
• Keep the business running - manage receivables & payables, cash, bank...
• Keep a watch on the pulse of the organisation - key performance indicators
• Respond to queries - to locate the right transaction immediately
We have been perfecting this 'simple' recording - accounting - from over twenty years. All this to
deliver better, faster and more flexible ways to fulfill your needs, not just maintain books of accounts.
A few examples will illustrate:
• With the entry of a voucher (this is what we call all accounting transactions) all books of accounts,
all reports, all totals & sub-totals are updated instantly. There is nothing more that needs to be done
- whether you are inserting a forgotten entry, or correcting one
• Taxation requirements of all the states of India are available, in the prescribed formats
• Supporting tasks like reminder letters, delayed interest, ageing, bank reconciliation
• One single dashboard to look at all important business ratios
• Drill down from any report, even the Balance Sheet, right to any voucher or filter and search
• Data entry in the language of the users choice - and report in any other language (from the
languages supported)
• Mark vouchers that are draft as 'optional' and convert these to final- with one button click
Financial Management & Controls
2. Tally.ERP 9 comes with rich features & financial reports that give you the necessary management
and control of your business. A few of these are listed below:
• Funds Flow & Cash Flow reports – help you locate bottlenecks
• Bank reconciliation - keeps your bank books in sync, and identify unclear instruments
• Customer Credit Limits - to limit risk of default and large losses
• Budgets - keep tabs on projected expenses against actuals
• Mark vouchers post dated - these will reflect into the books of accounts only on/after that date
• For needs where reports have to consider a transaction that has not happened (say salaries for this
month that get paid the next month) vouchers (called 'reversing journals') can be marked to
'disappear' for reports post a specific date
• "Scenario" management - helps you with your business forecasting and planning. You can use
optional, reversing journals and memorandum vouchers, to aid in recording provisional entries that
are useful for interim reports
• Multiple inventory valuation. You can decide one valuation method for the business, and be able
generate financial reports using any other valuation method - as the statutory method may not be
appropriate for your needs, your bankers and for other decisions
• Cash balances can go negative - you can get warned if this is about to happen, or see reports and
make the necessary corrections
• Several business exceptions are available (negative stocks, negative ledgers) - for you to exercise
control over these activities
• A one-screen business ratios with drill down right up to the transactions - help you to correct course
frequently
• Item wise & document wise profitability statements to control revenue leakage and inappropriate
pricing
• Internal audits are supported with audit controls - authorised users can mark vouchers as 'audited'
and can get to see reports on changes made post audit, and the name of the person making the
change
Inventory Accounting & Management
If you deal in goods, of any type, you'll appreciate the Inventory capabilities in Tally.ERP 9.
You can comprehensively record all types of inventory transactions, using goods receipt notes,
delivery notes, stock journals, manufacturing journals and physical stock journals. All stock
movements are fully recorded and maintained in stock registers.
Developed for all manufacturers, distributors, wholesalers or traders a small list of features are briefly
described below:
Manufacturers:
• Bill of materials and Manufacturing Journals, to record material conversions
• Compound bill of materials support, for units that contain assemblies
• Multiple locations (godowns)
• Excise for manufacturers, including all documentation and invoice
• Costing for jobs
3. Distributors & Wholesalers:
• Multiple price lists, with effective dates of applicability
• Use multiple units of measure (say KG's & grams)
• Dual units of measure (say KG's and bags, to support variations as happens in commodities)
Traders:
• High speed billing, with support for POS printers
• Bar code support
• Automatic application of taxes
• Service billing & service tax
• Integrated sales return in bills
• Print bills (and any other document) in the customers language
Common:
• You can choose to de-link the computed inventory value to automatically appear in your financial
statements - and enter this figure manually.
• Stock ageing reports, to identify slow and non-moving stocks
• Invoice profitability reports to keep a pulse on sales
• Multi-currency transactions - buy and sell across the world - with integrated forex gain/loss
calculations
• Physical stock take records to adjust physical vs. actual stocks
• Maintain batch & expiry details
Purchases & Payables: from Order to Payment
Tally.ERP 9 delivers the entire purchase cycle whether the need is the complete purchase order -
goods receipt - rejections & returns - advances, debits & payments or a single payment entry, fulfilling
all needs.
To ensure that you have the right stocks and minimize carrying costs, Tally.ERP 9 delivers the
following to improve purchase orders:
• Define Re-order levels as a definite number or based on consumption
• Define minimum quantity to order as a definite number or based on consumption
• Pull up a report that shows the stock position, including complete details of open purchase
orders, sales orders that need to be fulfilled - check on past purchase history, and then place
orders
• Optionally stagger delivery dates in the PO
When receiving goods:
• Make entries in accordance with supporting documentation, including errors your suppliers could
have made (say of multiplication & round off)
• Incorporate additional costs
• Automatically manage input taxes
• Flexibility allows receipt of goods, quantities and rates different from that ordered - since this is
common in real life
• Record samples & free items (using different 'actual' & 'billed' quantities)
• Multiple receipts for one order or one receipt for multiple orders, or against verbal orders
In case there is a need to add other costs (say coolie and cartage) these additional charges can be
apportioned to the cost of goods purchased.
Supplied goods may not match your needs and these are managed by the 'Rejections Out' inventory
voucher. Supplier dues, input taxes and inventory positions are updated.
4. Suppliers often indicate likely profits, which may not be met. In case such assurances are made, you
can look at Item profitability reports, and get the facts right. You could then negotiate a rebate and
record this as a debit note.
Keep tabs of how much is due to whom, when. Manage advances, payables & post dated checks.
Ensure there are no errors in payments - print checks from Tally.ERP 9.
Sales & Receivables: from Order to Receipt
The lifeline of a business, efficiencies in sales operations, both of goods & services, directly impact
growth and profitability. The need to optimise and keep a close watch here requires exceptional
capabilities from your business IT system - and Tally.ERP 9 meets these demands.
The sales process is supported with the following documents:
• Quotations - records of quotes
• Sales orders - accepted customer orders
• Deliver Notes - documents that accompany goods
• Sales Invoices/Cash Bill - to record the sale
• Credit Notes - for financial adjustments
• Rejections in - for goods returns
• Receipts - for advances and receipts
Do you have cash sales (sales across the counter)? With support for Point of Sale printers, bar codes
and receipts in multiple tenders, you POS enable your business at no additional cost. Product sales
may come with added services - and the integrated product & service billing will close this.
Enforce credit limits, where needed. Along with the Payment Performance of Debtors report you can
identify persistent problems and take necessary business decisions. Interest for delays & reminder
letters aid in collection.
For businesses engaged in Excisable goods, you get full support for Excise for Traders & Manufacturing
Excise - matter of fact a business could be both!
Make multiple deliveries from one order, or one from multiple orders – this common need is available
across all documents of the sales process.
Do you have multiple classes of customers? You can easily setup multiple prices (even in advance and
specify the date from which they are effective).
Discounts against the line, or for the document, additional charges as a percentage or lump sum,
automatic round off of bill totals, automatic computation of VAT & Service tax, returns & exchanges
are all available.
Need to verify that you are making the desired sales margins? Item wise and bill wise profitability
reports will help you keep tabs.
Multi-company
A set of account books represents a 'company' in Tally.ERP 9. Therefore, if you decide to maintain
your personal accounts you would create a 'company'. Many businesses do have more than one legal
entity - and so will require multi-company support. Since each company is a distinct ‘data base',
building technical support for this is not difficult.
However, with multiple companies, several needs often arise beyond the mere facility to record
transactions that need to be addressed,.
Principally, you would like to look at consolidated reports since these are often more meaningful to
5. you than statutory reports of each company individually. You can therefore 'group' companies and
have the reporting ability as if this were a 'company'. You could also 'group' these on demand or as
required. So Partner A, could group companies in which he is a partner (say Companies P, Q & R) and
Partner B could have a group with Companies Q, R & Y.
With multiple companies, you would probably need to compare them to see relative figures. In
Tally.ERP 9, while seeing a report for Company P, you could pull up another column alongside that
shows figures from Company Q (and any more companies). You can now continue to drill down the
report and continue to see these comparisons.
Quiet often with multiple companies, the need arises to create the same ledgers & post transactions to
more than one company. This can be accomplished with the click of a few keys - you save immense
time by not having to re-enter data and avoid data entry errors.
In special circumstances, where there are needs like a Purchase Order entry becoming a Sales Order
in another company, our Service Partners will be able to work with you, understand specific
requirements and build a solution around the Data Synchronisation capability.
Security: With multiple companies, possibly including personal accounts, you may need to control who
gets access to which companies, and to do what. You can set up users, grant or deny access - and
these are defined for each company.
Remote Access: You choose to specify which company is accessible remotely. You choose which
remote users have access; you decide what access a remote user gets.
Central User Management: Users come and go. You might also have a password policy requiring users
to change passwords every few weeks. You can take advantage of the ease of central user and
password management that Tally.NET identities carry - and even remotely manage these while not in
office.
Multi-Period
A 'financial year' is truly suited to business reporting and statutory needs. In reality, business spans
across financial years, so ‘real needs' get constrained by these financial periods.
As an example, receivables (Sundry Debtors) is an area that is frequently plagued by 'confusion' - the
need to send reminders, resend statements of accounts and persistent follow up - may require that
you need to look at figures from date 'x' to date ‘y' - and one or more financial periods can be
between these two dates. With Tally.ERP 9, you can specify any date range and perform any operation
that you need to.
Comparison of Periods, say Q2 this year vs. Q2 last year, often required for shareholder and statutory
reporting are easily accomplished.
You may also need to break up periods into smaller chunks, instead of the 'year'. While looking at the
reports, you can instantly view them broken into periods of your choice (daily, monthly, quarterly etc).
For studying trends, locating unusual figures, or comparing activities for different periods, this is
invaluable.
Take the case of budgets. Say for a five year long project - and for various ledgers you need to have a
budget set up for five years, another for each year, another two that are 2 ½ years... you can setup
such budgets, and compare budget vs. actual for any!
In effect you can 'zoom out' as well as 'zoom in' to any period of your choice.
Any changes made or a transaction inserted anytime, are instantly carried forward - no matter how far
back these are made (from a security standpoint, you might need to restrict data entry or changes to
transactions prior to a specific date - this is available via the User security control features).
6. Multi-Cost/Profit Centres
As a business transacting in multiple currencies, you will appreciate the effortless usability of Tally.ERP
in this area.
Say, you make purchases from a supplier, and transact in a currency different (say $) from that of
your base currency (say INR). You'd like to keep track of the dollars due, as well as the $ amounts
due for each bill. This way you get to know your foreign currency requirements as well as cross check
the accounts in $.
At the same time you would want to see outstanding and other financial reports in INR. Since this
figure depends on the exchange rate as on the date of the report, generating these are time
consuming. With Tally.ERP 9 all reports are generated automatically - all that is needed is that the
forex rates be available for reference.
Foreign exchange gain & loss entries are 'posted' automatically (as a notional entry), whenever any
report is taken. The day you decide to make these entries regular (say end of the financial year) you
can post the required accounting Journal (with software assistance).
Importers and exporters maintain bank, customer & other accounts in foreign currencies (like the
example of the supplier) - you can maintain these in any currency required.
As a branch or subsidiary of a foreign entity, or for reporting, you may need to generate reports in a
currency other than the base, at some exchange rate. This capability is available across all reports.
You may need to compare companies having different base currencies - switch one company to use
the currency of the other, or switch them both to a third!
Basically, every amount field in a Tally.ERP 9 voucher is multi-currency enabled. This allows you to
conduct business in ways that manual systems permit and most IT systems fail to provide. It is
possible for a supplier to, say, send a quote for items in INR, some in US$ and some in €.
Multi-units
Most businesses will use several units of measure, even if the belief that just one (pieces) is used.
Take purchases - you could order in the units you are comfortable with, and you receive goods in a
different unit - for e.g., order in Pcs, receive in KG's. Similarly you could record sales in the units that
your customer is comfortable with. The flexibility of this 'compound' unit of measures is to ensure that
Tally.ERP 9 does not get in the way of your way of working. Like in the case of multi-currency, every
quantity field is inherently multi-unit ready.
Some commodities, say cotton, have 'peculiar' problems - the unit of stock used for this commodity is
'bales', yet trade is in Kg's. With changes in weather, cotton looses or gains weight due to changes in
moisture content. If you used Kg's for your records, you would loose the ability to manage stock count
and stock take of bales; if you used bales, you would have a mismatch in the actual quantity
transacted. This problem is compounded in real life – since each bale carries a different weight of
cotton.
With Tally.ERP 9 you can manage all these, with the support for multiple units of measure. Now, you
can record both units in transactions – Kg's and bales at the same time. Stock valuation will be done
in Kg's; inventory count can be managed in bales!
You receive some supplies - the Invoice shows 5 Pcs. and the actual count shows 6 Pcs.! Were you to
enter your receipt as 6 Pcs., there will be a mismatch with the voucher and physical document which
will result in an audit objection. Entering as 5 Pcs. would mean that one piece is not recorded...
Tally.ERP 9 supports 'actual' and 'billed' quantities - thus delinking the inventory count from the
financial impact of the transaction. With this you can also receive and deliver free samples and
manage the many variations that occur now and then.
7. Therefore compound units, alternate units and billed/actual quantities should deliver the capabilities
needed for most, if not all, of your requirements.
Multi-Location Inventory
Even the simplest of organisations will have inventory in more than one physical location. As
organisations get bigger, inventory will require active 'management' with more warehouses (godowns,
as we call it in India), racks & shelves and stocks at project locations.
Take the case of multiple sales outlets, each with one godown. Each purchases items at different
prices and sells them over time. You need to take a call on the value of stocks at each of these outlets
as if they were independent units - and not apply the company average. With Tally.ERP 9, each outlet
will act as an independent unit from a costing perspective. Sales from each outlet will reflect the
appropriate cost, and not the company average (which can skew profitability of both outlets).
Seen at the company level, the cost behavior ignores these godowns - making reports and financial
analysis appropriate at that level.
Godowns can contain godowns - to allow management to the bin level.
For various jobs (projects) and sub-jobs, the use of godowns and cost centres in Tally.ERP 9 give a
high level of reporting and analysis - on inventory and financial aspects of jobs.
Multi-Budgets & Scenarios
Budgets are a measure of the results expected for the planned activities for a company. Whether you
formally plan budgets or not, you will be working against several budgets – Revenue, Production,
Expense, Financial, Investment and so on.
Once these budgets are recorded, you would periodically want to check up how your business
measures up against this plan. And once you get a handle on the variance, you would probably take
decisions on course corrections - record possible outcomes of these changes (as scenarios) and
compare against the budgets once again.
This is a powerful planning mechanism that provides the flexibility to work in a changing /dynamic
environment.
With Tally.ERP 9, you can set up any number of budgets - and to make this easy, budgets can roll up
into 'group' budgets and these can roll up again into 'master' budgets: the people who come up with
the budgets can make entries and the roll-up is automatic (and can be overridden at the rolled up
level as well).
While viewing any report, you can choose to pull up the budgeted figures as well, along with a
variance column. You could just as easily pull up budget figures alone – and make these available to
various people.
A 'scenario' is the name given to a specific combination of vouchers that will be included to deliver a
report - you can include and exclude different voucher types and build as many scenarios as needed –
say one where a product launch is on time and another where it is delayed by three months. You could
then view actual figures against a scenario. You could also see the variance between a scenario and
the budget!
Budgets and Scenarios are powerful tools when used by themselves; used together they deliver
unprecedented power to help plan & monitor your business.