2. WHAT IS ACCOUNTING
Accounting is a process of
• Identifying
• Recording
• Summarizing
• Reporting
Economic information for decision making for finalizing the financial statement.
3. Accounting helpful for
• Suppliers
• Customers
• Employees
• Banks
• Suppliers of equipment`s, buildings and other assets
• Owners
4. TYPES OF ACCOUNTS
Real account
Personal account
Nominal account
Real accounts
1. It is relating to properties and assets owned by the business concern.
2. It include tangible and intangible accounts.
3. Land, building, goodwill, purchases, cash.
Personal account
1. It is relating to a person
2. Suppliers, lenders, customers
Nominal account
1. it is related to income and expenses
2. salary, dividend, sales,
5. Golden Rules
REAL ACCOUNTS PERSONAL ACCOUNTS NOMINAL ACCOUNTS
DEBIT WHAT COMES IN THE RECEIVED ALL EXPENSES AND LOSSES
CREDIT WHAT GOSE OUT THE GIVER ALL INCOMES AND GAIN
6. • Debit what comes in / credit what gose out
eg.,
1) Purchased goods from Meenu for cash 15,000
Goods /Stock ac dr 15000
Cash ac cr 15000
Real account
7. • Debit the Receiver / Credit the Giver
eg.,
1) Sold goods to Tanu for cash 16,000
Cash ac dr 16000
sales ac 16000
Personal Account
8. Nominal Account
• Debit all expenses and losses credit all income and gain
eg.,
1) Received commission from Mr. Air by cheque 5,000
bank a/c dr 5000
comission ac 5000
2) Wages paid 15,000
Wages a/c dr 15000
cash ac 15000
9. WHAT IS TALLY
• Tally is accounting software
• It is used to record day to day transactions, preparing balance sheet etc.
• It is user friendly business software, which makes business account easy and faster.
• Managing single and multiple groups is very important feature of tally.
• Tally is an application software.
10. • It down not require writing any special program for calculating.
• Tally stores all information about each account in detail.
• It is very secured against data tempering.
• It reduces the work.
• In manual process, after entering daily transaction user has to create trading account, trial
balance, profit & loss account, ledger, balance sheet. But in Tally, user just enters daily entry
and get balance sheet.
WHAT IS TALLY
12. Start Up Screen of Tally
• Title bar:
• Displays the version number of Tally.ERP 9
• Horizontal button bar:
• Selection of Language key, Keyboard Language and Tally.ERP 9 Help
• Close button:
• Performs the standard Windows Operating Systems function (Windows 95 onwards),
• Allowing you to Close / Quit Tally.ERP 9 and work on other applications.
• To restore Tally.ERP 9, click the Tally.ERP 9 icon on the task bar
• Gateway of Tally:
• Displays menus, screens, reports and accepts the choices and options which you select to view data as
required
13. Start Up Screen of Tally
• Buttons toolbar:
• Displays buttons which provide quick interaction with Tally.ERP 9. Only but-tons
relevant to the current task are visible.
• Calculator Area:
• Used for calculator functions .
• Info Panel:
• Displays Version number, License details, Configuration details
15. FEATURES OF TALLY (f11)
• ACCOUNTING FEATURES (F1)
• INVENTORY FEATURES (F2)
• STATUTORY FEATURES (F3)
• ADD- Ons (F6)
16. ACCOUNTING FEATURES (F11)
• GENERAL
• OUTSTANDING MANAGEMENT
• COST/PROFIT CENTERS MANAGEMENT
• INVOICING
• BUDGET SCENARIO MANAGEMENT
• OTHER FEATUERS
17. • GENERAL
• Integrate accounting and inventory
• Income/Expenses statement instead of P & L
• Allow multi-currency
• Outstanding's Management
• Maintaining bill-wise details
• Activate Interest calculation
• Cost/Profit centers managements
• Maintaining payroll
• Maintaining cost centers
• Invoicing
• Allow invoicing
• Use Debit/Credit Notes
18. • Other Features
• Enable cheque printing
• Allow zero valued entries
• Maintaining multiple mailing details of company and ledger
• Enable company logo
• Budgets & scenario management
• Maintain budgets and controls
• Use reversing journals and optional vouchers
19.
20. Inventory features
• GENERAL
• Storage classification
• Order processing
• INVOICING
• Purchase management
• Sales managemet
• Other features
21. • GENERAL
• Integrate accounting and inventory
• Allow zero valued entries
• Storage Classification
• Maintain multiple godowns
• Maintain stock categories
• Maintain batch wise details
• Used actual and billed Qty
• Order processing
• Allow purchase order processing
• Allow sale order processing
• Allow job order processing
• Invoicing
• Allow invoicing
• Use Debit/Credit Notes
• Separate discount column on invoice
22. • Purchase Management
• Track additional costs of purchase
• Sales Management
• Use Multiple Price Level
• Other Features
• Use Tracking Numbers
• Use Rejection inward/Rejection outward
• Use Material in/out
• Use cost tracking for stock item
23.
24. Statutory & taxation
• Enable excise
• Enable Value Added Tax(VAT)
• Enable Service Tax
• Enable Tax Deducted at Source(TDS)
• Enable Tax Collected at Source(TCS)
• Enable Fringe Benefit Tax(FBT)
25.
26. CONFIGURATION (F12)
• It is provided for Accounting, Inventory & printing options and are
user-definable as per your requirements.
• It is applicable to all the companies residing in that Tally.ERP 9 Data
Directory.
• This option vary depending upon the menu display.
i.e., if you press F12: configure from Voucher entry screen, the
respective F12: Configurations screen is displayed.
28. CONFIGURATION (F12)
• General
You can configure Country Details, Style of Names,
Dates and Numbers in the General configuration
screen.
• COUNTRY DETAILS
• STYLE OF THE NAMES
• STYLE OF THE DATES
• CONFIGRATION OF NUMBERS
• OTHER OPTIONS
29.
30. CONFIGURATION (F12)
• Numeric Symbols
You can configure Number Styles and Symbols used to represent
Positive Numbers, Negative Numbers.
Debit Amounts and Credit Amounts by using Numeric Symbols.
This is displayed on the Number Styles configuration screen.
31.
32. CONFIGURATION (F12)
Accts / Inventory Info.
The fields pertaining to both Accounting and Inventory
Info. can be configured from this menu.
33. CONFIGURATION (F12)
• Voucher Entry
Both the Accounting and Inventory Vouchers can be configured
from this menu for additional information.
34.
35. CONFIGURATION (F12)
Invoice / Orders Entry
The Invoice entry and Order entry screens can be configured for
additional information such as export details, shipping details, etc.
Printing
This configuration helps the user to configure the printing screens for
the reports and transactions.
Data Configuration
This configuration helps the user to define location of Language Files,
Tally Configuration File, Export Files, Data Files and details of the companies
to be loaded on startup.
36. TDL Configuration
This screen provides details regarding TDL Configuration viz., Local TDLs, Account
TDLs & Remote TDLs enabled for the product.
Advanced Configuration
This configuration helps the user to specify Client/Server Configuration,
Connection configuration and Proxy configuration for ODBC connectivity and
Synchronisation of Data.
Licensing
This configuration helps the user to update, surrender, reset license and also
configure existing License.
