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tally software detailed presentation .pdf
- 1. Tally P O WE R O F S I M P L I C I T Y TALLY.ERP 9
- 2. WHAT IS TALLY? Tally (Transaction Allowed In A Linear Line Yards) Tally.ERP9 (Enterprise Resource Planning System) Tally.ERP9 is the ideal software for your business. It is used by over a million businesses across India. We understand that every business has its own complexities, exceptions and unique needs. Tally.ERP9 is designed with flexibility to handle all of these. The needs of your business change as it grows and Tally. ERP9 is designed to scale. Let Tally manage your accounting and compliance, while you focus to grow your business Tally allows its users to access their account remotely using the http://tally.NET facility, which allows the users to access their account on an internet connection.
- 3. MANUALLY ACCOUNTING COMPUTERIZEACCOUNTING JOURNAL ENTRIES LEDGERS TRIAL BALANCE TRADING ACCOUNT PROFIT AND LOSS BALANCE SHEET COMPANY CREATION LEDGER CREATION ACCOUNTING VAOUCHERS TRIAL BALANCE TRADING ACCOUNT PROFIT AND LOSS BALANCE SHEET VS
- 4. FINANCIAL ACCOUNTING A FinancialYear Is Twelve Month Duration Start ON 1st APRIAL AND ENDS ON 31ST MARCH DOUBLE ENTRY SYSTEM In Double Entry System We Maintain Record Of Both Side Of A Transaction. SOURCES OF FUND We Know That To Run A Business We Need Funds. In Fact The Purpose Of Business Is To Raise Funds. Owner’s Equity Of Capital- Loan. Earning Revenue. Disposing Making Profit. Use Of Funds Purchasing Assets. Expenses. Losses. Decreasing Liabilities. Keeping Cash.
- 5. TYPES OF ACCOUNTS ThereAre Three Type Of Accounts • Personal • Real • Nominal Types of accounts
- 6. Personal Accounts Personal AccountsThe Accounts Recording Transactions Related To Person I.E . Human Being Or Firms Companies, Institutions Etc. Are Classified As Personal A/C Personal Accounts Can Be Further Classified As: Golden Rules Of Personal Accounts DEBIT :- Debit The Receiver CREDIT :- Credit The Giver
- 7. REAL ACCOUNTS The AccountsRecording Transactions Are Related To Tangible Items ( Which Can Be Touched, Purchased, Sold) Such As Goods, Cash, Machinery, Etc. Are Classified As Real Accounts. Whereas Accounts Recording Transactions Relating To Intangible Things Such As Goodwill, Patents And Copy Rights, Trademark Etc. Are Classified As Intangible Real Accounts. Golden Rules Of Real Accounts Real account can be further classified as: Assets. Liabilities. DIBIT :- What Comes In CREDIT :- What Goes Out
- 8. NOMINAL ACCOUNTS The AccountsRecording Transactions Are Related To Losses, Interest, Bad Debts Etc. Are Classified As Nominal Account. Nominal Account Can Be Further Classified Into Two Types Of Accounts Golden Rules Of Nominal Accounts DEBIT :- All Expenses & Loss CREDIT :- All Income & Gains
- 9. Tally ERP 9Groups 28 Pre- defined Groups 15 Primary Groups 13 Sub Groups 9 Capital Nature 6 Revenue Nature (Profit &loss)
- 10. LIST OF 15PRIMARY GROUPS Capital Branch / Division Loans Suspense Current Assets Fixed Assets Indirect Exp. Purchase Sales Investm ents Indirect Income Misc. Exp . Current Liabilities Direct Income Direct Exp.
- 11. LIST OF 13SUB-GROUPS Sundry Creditors Unsecured Loans Deposits Loan & Advances (Assets) Sundry Debtors Reserves & Surplus Stock In hand Banks OD Secured Loans Bank account Provisions Cash In Hand Duties & Taxes
- 12. 15 PRIMARY GROUPS Capital Loans Misc.Expenses Investments Fixed Assets Current Assists Current Liability Suspense Branch / Division Sales Purchase Indirect Exp. Direct Exp. Indirect Income Direct Income 9 Capital Nature 6 Revenue Nature (Profit &loss)
- 13. TYPES OF VOUCHERS TallyERP.9 Four Types Of Vouchers Accounting Inventory Non Accounting Payroll
- 14. Accounting Vouchers Credit Note DebitNote Purchase Vouchers Sales Vouchers Journal Vouchers Receipt Vouchers Payment Vouchers Contra Vouchers
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- 18. T a ll y . E R P 9 F e a t u r e s SIMPLE ACCOUNT MANAGEMENT ONE STOP SOLUTION FOR COMPLIANCE SUPPORT FOR BAKING TRANSACTION FASTER ACCESS TO BUSINESS REPORTS FLEXIBLE INVENTORY MANAGEMENT EASY APPLICATION MANGEMENT
- 19. Saves time, Money And Energy Moresecure And Lock facility Multi-User And Multi- Location Usage Career In Accounting Field
- 20. SPECIAL KEY FUNCTIONALAREA ACCOUNTS TAXATION BANKING SALES MANAGEMENT PURCHASE MANAGEMENT PAYROLL MANAGEMENT MANUFACTURING & JOB WORK INVENTORY INTERNET DATA EXCHANGE MISCELLANEOUS
- 21. T a ll y . E R P 9 F e a t u r e s Accounts With Inventory Multiple Godowns Multiple Currencies Reconciliation Voucher Class Budget And Controls Price List Export And Import Of Data Point Of Sales Tax Collected At Source Batch Wise Details Tally Audit Security Control Web – Enabled Print Preview Online Help Backup And Restore Interest Calculation Multiple Mailing Address Cash Flow
- 22. T a ll y . E R P 9 F e a t u r e s Bill Wise Details Cost Centers And Cost Category Debit Note And Credit Note Reversing Joumals and Optional Cheque Printing Post Dated Tracking Number Delivery Note Receipt Note Goods And Services Tax Zero Valued Transactions Company Logo Changed Vouchers Stock Categories Actual And Billed Quantity Purchase Order Processing Sales Order Processing Discount Invoices Rejection Out And In Tax Deducted At Source
- 23. W h at I s G S T ? GST (Goods And Services Tax) GST Stands For Goods And Services Tax . It Is An Indirect Tax Which Introduced To Replacing Host Of Other Indirect Taxes Such As Value Added Tax, Purchase Tax, Excise Duty, And So On. GST Levied On The Supple Of Certain Goods And Services In India. It Is One Tax That Is Applicable All Over India.
- 24. History Of GST! On July 1st 2017 The Good And Services Tax Implemented In India. But The Process Of Implementing The New Tax Regime Commenced A Long Time Ago. In 2000 Atal Bihari Vajpayee. Then Prime Minister Of India, Set Up A Committee To Draft The Gst Law, In 2004 A Task Force Force Concluded That The New Tax Strcture Should Put In Place To Enhance The Tax Regime At The Time. In 2006 Finance Minister Proposed The Introduction Of Gst From 1st April 2010 And In 2011 The Constitution Amendment Bill Passed To Enable The Introduction Of The Gst Law. In 2012 The Standing Committee Started Discussions About Gst, And Tabled Its Report On Gst A Year Later. In 2014 The New Finance Minister At The Time Arun Jaitley Reintroduced The Gst Bill In Parliament And Passed The Bill In Lok Sabha In 2015 Yet The Implementation Of The Law Delayed As It Was Not Passed In Rajya Sabha. Gst Went Live In 2016, And The Amended Model Gst Law Passed In Both The House. The President Of India Also Gave Assent. In 2017 The Passing Of 4 Supplementary Gst Bills In Cabinet. Rajya Sabha Then 4 Supplementary Gst Bills And The New Tax Regime Implemented On 1st July 2017.
- 25. Types Of GST For Different Typesof GST Central GST Integrated GST Union Territory GST State GST
- 26. GST Rates The GSTCouncil Has Assigned GST Rates To Different Goods And Services, While Some Products Can Be Purchased Without Any GST There Are Others That Come At 0% GST, 5% GST ,12% GST, 18% GST , 28% GST, . GST Rates For Goods And Services Have Been Changed A Few Time Since The New Tax Regime Was Implemented In July 2017.
- 27. GST Rates Tax RatesProducts 0% Milk, Eggs, Lassie , Unpacked Food Grains,gur, Unbranded Natural Honey, Fresh Vegetables, Salt, News Paper 5% Sugar, Tea, Edible Oils, Domestic LPG, PDS Kerosene , Cashew Nuts , Milk Food For Babies, Fabric, Spices, Coal 12% Electronic Items , Like Computer , Mobile Ghee, Butter, Packed Coconut Water 18% Hair Oil, Toothpaste, Soap, Pasta, Corn Flakes, Soups, Movie Ticks 28% Consumer Durables Such As AC And Fridge, Beedis Are Not Included Here Luxu ry & Sin Items Like Bmws.(+15%cess)
- 28. GSTIN Each Taxpayer IsAssigned A State-wise Pan-based 15-digit Goods And Services Taxpayer Identification Number (GSTIN). Here Is A Format Break Down Of The GSTIN: The First Two Digits Represent The State Code As Per Indian Census 2011. Every State Has A Unique Code. For Instance. State Code The Next Ten Digits Will Be The PAN Number Of The Taxpayer The Thirteenth Digit Will Be Assigned Based On The Number Of Registration Within A State The Fourteenth Digit Will Be Z By Default The Last Digit Will Be For Check Code. It May Be Alphabet Or A Number.
- 29. KNOW YOUR GSTIN 23AAAAA0000A 1 Z 5 Permanent Account Number (PAN) State Code Entity Number Of The Same PAN Holder In A State Alphabet ‘Z’ By Default Check Sum Digit
- 30. How To AvailINPUT CREDIT • Take Input Tax Credit IGST,CGST,SGST Paid On Purchases To Pay IGST • Take Input Tax Credit From CGST & IGST Paid On Purchase To Pay CGST • Take Input Tax Credit From SGST & IGST Paid On Purchases To Pay SGST