Tally Material

Tally Material
Transactions
Any dealings made between persons involving exchange of values is called transactions. The transactions which are Money related Related to our firm Effect the financial position (or profit or loss of the firm is ta!en into boo!s. There are " types. #ash transaction #redit transactions

#ash Transactions
The transactions in which cash receipt (or payment involved in the exchange are called cash transaction. $or identifying cash transactions the following one of the % rules must be follow. #ash item must be there #ash and person name both must be there #ash and person name both not necessary Examples& #ash sales Rs'((( )oods purchased from *yothi on cash Rs +((( ,urchases Rs "(((

#redit Transactions
The transactions in which cash receipt (or payment is not involved in the exchange are called credit transactions. -n another way the transactions which are not cash transactions are called credit transactions. Examples& ,urchased goods from .ampath Rs %((( )oods sold to Ra/a Rs '(((

#lassifying of Accounts
Accounts mean classified record of business transactions. Accounts are " types. ,ersonal Accounts -mpersonal Accounts -mpersonal accounts again " types Real Accounts 0ominal Accounts 0ow present Accounts % types ,ersonal Account Real Account 0ominal Account 1|,age

Tally Material ,ersonal Account& - Accounts which are related to names of persons and firms are
called personal accounts. (-ncluding debtors and creditors Examples& .yam A2c3 4an! A2c3 #apital A2c3 5 6rawings A2c3 6ebtors A2c3 #reditors A2c Rule& 6ebit the receiver #redit the giver

Real Accounts& - Accounts which are related to Assets3 7iabilities and )oods of a
firm. (Excluding 6ebtors and #reditors Example& Assets& #ash A2c3 4uilding A2c3 $urniture A2c3 -nvestment A2c3 )oodwill A2c3 ,atent A2c3 Trademar! A2c3 #opyright A2c Liabilities& 4ills payable A2c3 7oan A2c3 4an! over draft A2c Goods& ,urchases A2c3 .ales A2c3 ,urchases returns A2c3 .ales returns A2c Rule& 6ebit what comes into the firm #redit what goes out from the firm

0ominal Accounts& - Accounts which are related to expenses3 losses3 incomes and
gains are called 0ominal accounts. Examples& Expenses& .alary paid A2c3 #ommission paid A2c Losses& 4ad debts A2c3 #harities A2c3 6iscount allowed Incomes& Rent received3 -nterest received A2c3 and Allowance received A2c Gains& 4ad debts recovered A2c3 6iscount received A2c Rule& 6ebit all Expenses and 7osses #redit all -ncomes and )ains. A##890T-0) #:#7E
Transac -tions

$inial Accounts

Trial 4alance

*ournal Entries

Tally
7edger

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Tally Material

Tally )enerations
Tally;.'& -ts wor!ing operation system is 68.. (6is! operating system Maintain the company information is Accounts only. Tally'.;& -ts wor!ing operation system is <indows. Maintain the company information is Accounts only3 Accounts with -nventory and -nventory only. Tally=.%& -ts wor!ing operation system is <indows. Maintain the company information is Accounts only3 Accounts with -nventory and -nventory only. 9sing the >AT Taxation. Tally?."& -ts wor!ing operation system is <indows @ 7inux. Maintain the company information is Accounts only3 and Accounts with -nventory. 9sing the Taxation (>AT3 T6.3 .ervice Tax Tally+.1& -ts wor!ing operation system is <indows @ 7inux. Maintain the company information is Accounts only3 and Accounts with -nventory. 9sing the Taxation (>AT3 T6.3 .ervice Tax3 Excise duty3 T#. apply the multi languages. TallyA& -ts wor!ing operation system is <indows @ 7inux. Maintain the company information is Accounts only3 and Accounts with -nventory. 9sing the Taxation (>AT3 T6.3 .ervice Tax3 Excise duty3 T#.3 ,ayrolls3 $4T apply the multi languages.(Tax collection at source 3($rench benefit tax B Tally ER,A -ts wor!ing operation system is <indows @ 7inux. Maintain the company information is Accounts only3 and Accounts with -nventory. 9sing the Taxation (>AT3 T6.3 .ervice Tax3 Excise duty3 T#.3 ,ayrolls3 $4T apply the multi languages. 9pdated the features. Cow to open the Tally .elect Tally icon on des!top and open .tart,rogramsTallyTally

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Tally Material #ompany -nformation

.elect #ompany& To select the an existing company #reate company& To create a new company 4ac!up& To write the company information on #6 or 6>6. To format the system or update the version. Restore& Restore the computer from #6 or 6>6 to reinstall the tally. Duit #lose the tally.

#ompany E Accounts 8nly

Cow to #reate the #ompany
.elect create company )ive the reFuired fields

Maintain& Accounts only and Accounts with inventory Accounts only& -t recorded in only cash transactions that were payments @ receipts. Example& 4an! organiGation3 Educational intuitions. ;|,age

Tally Material
Accounts with inventory&
-t recorded accounts transaction with inventory. (-nventory means stoc! Example& 6epartmental stores3 any type of business. .ave the information (Ctrl+A)

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Tally Material
$unctional !eys $1 .elect #ompany AltH$1 .hut #ompany $" #urrent 6ate AltH$" #urrent ,eriod $% ,resent using #ompany AltH$% #ompany -nformation $11 $eatures (#ompany 8peration Alteration $1" #onfiguration

Cow to Modify or delete the #ompany

Alter& -t means modify the information or delete the information. )8T ()ate way of tally #ompany information (AltH$% Alter -f you want delete the company Press (Alt+D) Iey.

Accounting Masters
Groups& Total groups are "+. Displa o! Groups )8TAccounts information )roups 6isplay Example& 4an! accounts 4an! 8## A2# 4an! 86 A2# #apital Accounts #ash in Cand #urrent Assets $ixed Assets "ouc#er $ pes% Total voucher are "% in tally '.; @ =.%. "1 in Tally?." 1+ in Tally+.1 @ A.( "" in Tally ER, Displa o! "ouc#ers )8TAccounts information >oucher Types 6isplay Example& #ontra ,ayments Receipts .ales ,urchase

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Tally Material
Creation o! Ledgers )8TAccounts information 7edgers #reate Example& #reation $urniture Account

-f you create no. of ledgers accounts &ame o! t#e Ledgers -cici 4an! Cdfc 4an! 6ena 4an! -ndian 8verseas 4an! .tate 4an! 8f -ndia Axis 4an! 4angalore 4ranch T.0agar 6ivision (0ame 8f The 8wner #apital (0ame 8f The ,artner #apital 6rawings #ash ,etty #ash #heFues Received Electricity 6eposit Telephone #aution 6eposit .ecurity 6eposits(-f Any .ervice Tax Excise 6uty #ustom 6uty -ncome Tax .urcharge 8n Taxes <ealth Tax )ift Tax ?|,age Groups 4an! Account 4an! Account 4an! Account 4an! Account 4an! 8cc Account 4an! 8d 4ranch2 6ivision 4ranch26ivision #apital #apital #apital #ash--n-Cand #ash--n-Cand #ash--n-Cand 6eposits(Assets 6eposits(Assets 6eposits(Asset 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes

Tally Material
Entry Tax T.6...(Tax 6eductable .ource T.#...(Tax #ollected .ource $ringe 4ureau Tax ,rofessional Tax 6irect Expenses Related To $actory And Manufacturing 9nit 6irect -ncome(-ncomes Accrued $rom $actory 8r Manufacturing 9nits ,lant @ Machinery 7and 4uilding #omputers Electrical $ittings $urniture And $ittings .hares -nsurances 6ebentures $ixed 6eposits Mutual $unds 0ame 8f The ,arty 8r #oncern <ho 8wes $rom 9s 0ame 8f The ,arty 8r #oncern <ho 8wes To 9s .alary Advance ,rovision $or 4ad 6ebts 4uilding $und ,urchase (#redit 8r #ash ,urchase Returns )eneral Reserve .ales (#ash2#redit .ales Returns 7oan <hich #arries -nterest(0ame 8f The ,arty 8r #oncern <ith 6ocumentation 8pening .toc! #losing .toc! 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6uties @ Taxes 6irect Expenses 6irect -ncomes $ixed Assets $ixed Assets $ixed Assets $ixed Assets $ixed Assets $ixed Assets -nvestments -nvestments -nvestments -nvestments -nvestments 7oans 7iability 7oans @ Advances 7oans @ Advances ,rovision ,rovision ,urchase ,urchase Reserve @ .urplus .ales .ales .ecured 7oans .toc! -n Cand .toc! 8n Cand

Accounting "ouc#ers
$; #ontra $' ,ayments $= Receipts $? *ournal $+ .ales $A ,urchases Activate #redit 0ote @ 6ebit 0ote )o to $11 ($eatures 9se 6ebit 0ote2#redit 0ote E :es #trlH$+ #redit 0ote (.ales Returns #trlH$A 6ebit 0ote (,urchase Returns +|,age

Tally Material
$; #ontra
-t means the *ournal entry is recorded in same boo! in twice. That /ournal entry is contra entries. #ontra was using the following transactions. #ash deposited in to ban! #ash with drawn for office use #ash transfer 4an! transfer( Transactions 1. #ash deposited in to C6$# %'((( ". #ash transfer from cash to petty cash '((( %. C6$# chF.(;'=+'" issued to -#-#- 1(((( ;. #ash with drawn from -#-#- ;((( ,osting the #ontra >oucher

-f you want create ledger or group in voucher posting press (Alt+C)

$'

,ayments

The ,ayments are two types 1. #ash payments ". 4an! payments The payment was using following transactions ,ayment for Expenses ,ayment to creditors ,urchase of Asset on #ash basic 7iabilities ,ayment Transactions& 1. Rent ,aid by C6$# ban! #hF.0o ('";"1' '((( ". .alaries ,aid 1(((( %. ,etty expenses ,aid '(( ;. ,urchase of $urniture "'((( ,aid by 4an! on C6$# #hF.0o ('";"'1 A|,age

Tally Material
'. 82. Expenses paid "((( -f you create the ban! payment voucher #reation of vH%% oucher )8TAccounts -nformation >oucher Types #reate

,osting the #ash >oucher and 4an! >oucher 4an! ,ayment >oucher

#ash ,ayment >oucher

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Tally Material
$= Receipts

The receipts are two types 1. #ash Receipts ". 4an! Receipts The receipts was using following transactions -ncomes Received Received from 6ebtors .ale of Asset on #ash basic Transactions& 1. #ommission Received %((( ". Rent Received 1'((( deposited in to C6$# E #ompound Transaction %. -nterest #redited by C6$# %'( ;. .ale of $urniture %((( -f you create the ban! Receipt voucher #reation of voucher )8TAccounts -nformation >oucher Types #reate

,osting the #ash >oucher and 4an! >oucher #ash Receipt >oucher

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4an! Receipt >oucher

$?

*ournal
-t means not recorded in any voucher that is /ournal voucher. @ without cash and ban! voucher posting is *ournal.

Example& ,urchase of asset on credit basis 6epreciation on asset 8utstanding expenses .ale of asset on credit basis Transaction 1. ". %. 6epreciation on furniture %((( 8utstanding salaries 1'(( ( cl ,repaid insurance "((( (ca

,osting the *ournal >oucher

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Tally Material
$+ .ales
The .ales are two types #ash24an! sales #redit .ales Transactions 1. )oods sold to Ra/a Agencies "'((( ". )oods sold to .ai Traders %'((( %. )oods sold to .ai Traders 1'((( for #ash ;. )oods sold to Ra/a Agencies 1(((( deposited in to C6$# 4an!. .ales >oucher posting in two ways -nvoice $ormat >oucher $ormat #trlH> To convert invoice e format or voucher format. o ,osting .ales >oucher

$A

,urchases
The ,urchase is two types#redit ,urchase J #ash24an! ,urchase

Transactions 1. )oods ,urchase from #argo Agencies %'((( ". Rao @ .ons )oods sold to us 1'((( %. )oods ,urchase from Ra/a Traders 1(((( C6$# chF. =';"1( -ssued. ,urchase >oucher posting in two ways -nvoice $ormat >oucher $ormat #trlH> To convert invoice format or voucher format.

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Tally Material
,osting ,urchase >oucher

#trlH$ + #redit 0ote (.ales Returns -t Record in returns transaction from #ustomer and #ustomer Ad/ustments. Transaction 1. )oods return from Ra/a Agencies 1'(( ". 6iscount allowed to .ai Traders %(( ,osting #redit 0ote >oucher

#trlH$A 6ebit 0ote (,urchase Returns -t Record in returns transaction to .upplier and .upplier Ad/ustments. Transaction 1. )oods return to #argo Agencies 1'(( ". 6iscount received from Rao @ .ons %((

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Tally Material
,osting 6ebit 0ote >oucher

'eports
Displa o! Ledgers )8T6isplayAccounts 4oo!s 7edger.elect any ledger account. (#ash

Enter t#e !ollo(ing transactions in t#ree column cas# boo) "((= Apr 1 "((= Apr " #ash in hand Rs. ';((3 #ash at ban! Rs. "((( -ssued cheFue to .ha!er Rs. +'( (in full settlement of his account of Rs.A(( "((= May 1 ,aid salaries Rs. "(((3 <ages by cheFue Rs. %((3 Rent in cash Rs. 1(( "((= May " #heFue received from Iiran Rs. "((( and deposited in ban!. 6iscount allowed Rs. 1(( "((= *une 1 #heFue received from >i!ram Rs. 1A=(. 6iscount allowed "K "((= *une " The cheFue received from >i!ram is deposited in ban! "((= *uly 1 ,aid )opa l by cheFue 1(((. 6iscount Rs. "( 1' | , a g e

Tally Material
"((= *uly 1 "((= Aug 1 "((= Aug " "((= .ep 1 )oods ,urchased for Rs. ;((( and goods sold for Rs."((((3 ,aid sundry expenses Rs. "((( #ash with drawn from ban! for office use Rs. "((( -nterest credited by ban! Rs. "(( #ash ta!en for personal use Rs. '(((

E*P%Cas# boo) +,-.. E*P%/an) boo) 0.+.1

P'EPA'E $2E CA32 /445 A&D /A&5 /445 1. 8pening balance #ash E +((((3 4an! E 1((((( ". ,ersonal use from ban! ""((( %. #ash purchases 1(((( ;. #heFue given to .alem +'(( '. <ages paid by cash 1""(( =. #redit sales to anil 1+'=( ?. #ash sales 1'((( +. Received from radha AA?' discount "' A. #ash with drawn for private purpose =((( 1(. #heFue received from Anil 1+((( discount '=( the cheFue was deposited 11. 8ld furniture sold ?'( 1". #redit purchases from shyam 1=((( 1%. -ncome tax paid by cheFue %"'( 1;. Rent paid 1'((( 1'. #ash sales 1=((( 1=. 6eposited in to ban! '((( 1?. #ash given to shyam 1'A'( in settlement of his debt 1+. .ales tax paid by cheFue ""'( 1A. -nterest on investment received "((( Cas# boo) 67686 /an)boo) 98... g! Displa o! Cas#:/an) /oo) )8T6isplayAccounts 4oo!s#ash24an! 4oo!(s -f you want to see the details ,ress (Alt+;+) Displa o! 3ales /oo) )8T6isplayAccounts 4oo!s.ales Register Displa o! Purc#ase /oo) )8T6isplayAccounts 4oo!s,urchase Register 1= | , a g e

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Displa o! Credit &ote /oo) )8T6isplayAccounts 4oo!s *ournal Register #redit 0ote Register

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Displa o! Debit &ote /oo) )8T6isplayAccounts 4oo!s *ournal Register 6ebit 0ote Register Displa o! <ournal /oo) )8T6isplayAccounts 4oo!s*ournal Register *ournal Register Displa o! Da boo) )8T6isplay6ay 4oo! To see the daily transaction by day by day Displa o! $rial /alance )8T6isplayTrial balance Displa o! $rading = Pro!it = Loss Account )8T,rofit @ 7oss Account Displa o! /alance 3#eet )8T4alance .heet

C43$ CA$EG4'IE3 C43$ CE&$'E3

)o to $11 $eatures Accounting $eatures

#reation of #ost #ategories )8TAccounts -nformation#ost categories #reate

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#reation of #ost #enters )8TAccounts -nformation#ost #enters#reate

#reation of More #ost #enters

Cost Categories 4ranch 6epartment Employee Cost Center >i/ayawada3 Cyderabad under 4ranch .ales3 ,roduction3 Administration3 $inance under 6epartment Iiran3 .yam3 Raghu under Employee

$ransaction 1. .alaries ,aid "(((( (.yam A'((3 Iiran 1('(( ". Telephone Expenses paid 1'((( (>-/ayawada ?(((3 Cyderabad +((( %. Raghu .alaries paid 1'((( ;. ,urchase of $urniture "'((( for >i/ayawada branch '. ,urchase of .tationery '(( >i/ayawada "'(3 Cyderabad "'( for administration. =. Rent ,aid for >i/ayawada branch 1(((( ?. ,aid for ,ostage @ Telegram "'( >i/ayawada 4ranch +. Telephone Expenses paid '((( Cyderabad branch A. .alaries paid ;'((( (.yam 1"(((3 Iiran "((((3 Raghu 1%((( 1(. ,urchase of Machinery "'((( for Cyderabad branch ,osting of #ost #enter >oucher

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6isplay of the #ost #ategory Report

)8T6isplay .tatement of Accounts#ost #enters#ategory .ummery

4-77 <-.E 6ETA-7.

Activate 4ill wise details $11 $eaturesAccounting $eatures

4ill wise details record the bill to bill transactions for #redit .ales @ #redit ,urchase. $ >pe o ! 'e!? Advance -t is used to payment to creditors and received from debtors in advance. Agst Ref -t is used to payment to creditors @ received from debtors @ returns (.ales@,urchase using existing bill no. 0ew Ref -t is used to ,urchase @ .ales voucher. 9sing the bill no. 8n Account 0ot applicable.

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Tally Material

,osting the >oucher using 4ill 0o.

$ransactions 1. ,urchased from .ridhar ;(((( 4.0o "' ". ,urchased from .ri!anth %'((( 4.0o +' %. .old goods to Mohan %'((( (Trade 6iscount 'K 4.0o 1 ;. ,urchased from Ramu ;"((( 4.0o %% '. Returned goods to .ri!anth "((( 4.0o +' =. ?. )oods returned by Mohan 1((( 4.0o 1 +. .old to .ridevi .tores "(((( 4.0o " A. .old to .ireeshaLs .tall 1(((( 4.0o % 1(. Returns goods to .ridhar ;((( 4.0o "' 11. 4ought goods from .ri!anth for cash '(((( 1". ,urchased from Anusha @ #o ;"((( 4.0o 1(' 1%. .old to Rami Reddy "(((( 4.0o ; 1;. )oods returned from .ireeshaLs .tall 1((( 4.0o % 1'. .old to .arathi +(((( 4.0o ' 1=. ,urchased from Rao Enterprises ='((( 4.0o 1(+ 1?. Returned goods to Anusha @ #o 1'(( 4.0o 1(' 1+. .ales to Ranga Rao (Trade 6iscount 1(K+((( 4.0o = 1A. >engala Rao .old goods to us "?((( 4.0o 111 "(. )oods returned by Rami Reddy 1((( 4.0o ; "1. .old old furniture to 6eepthi Enterprises ;(((( 4.0o '1 "". )oods returned to >engala Rao %((( 4.0o 111

6isplay of 4ills Receivable

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Tally Material
)8T6isplay.tatement of Accounts8ut standingsReceivables

6isplay of 4ills ,ayables

)8T6isplay.tatement of Accounts8ut standings,ayables

-0TERE.T #A7#97AT-80
Activate -nterest #alculation
$11 $eaturesAccounting $eatures

-nterest Activated ledgers& #apital3 4an!s3 .undry 6ebtors3 .undry #reditors etc.
#reation of 7edger using -nterest $ields #reation of ledger (.undry #reditors Activate -nterest #alculation- :es

Transactions& ,urchased from .ridhar ;(((( 4.0o "' -nterest "K,.M ,urchased from .ri!anth %'((( 4.0o +' -nterest ";K,.A .old goods to Mohan %'((( (Trade 6iscount 'K 4.0o 1 ,urchased from Ramu ;"((( 4.0o %% -nterest "K,.M Returned goods to .ri!anth "((( 4.0o +' )oods returned by Mohan 1((( 4.0o 1 .old to .ridevi .tores "(((( 4.0o " -nterest %K,.M .old to .ireeshaLs .tall 1(((( 4.0o % -nterest "K,.M Returns goods to .ridhar ;((( 4.0o "' 4ought goods from .ri!anth for cash '(((( ,urchased from Anusha @ #o ;"((( 4.0o 1(' -nterest "K,.M .old to Rami Reddy "(((( 4.0o ; -nterest %K,.M )oods returned from .ireeshaLs .tall 1((( 4.0o % .old to .arathi +(((( 4.0o ' -nterest %K,.M ,urchased from Rao Enterprises ='((( 4.0o 1(+ -nterest "K,.M Returned goods to Anusha @ #o 1'(( 4.0o 1(' .ales to Ranga Rao (Trade 6iscount 1(K 1+((( 4.0o = >engala Rao .old goods to us "?((( 4.0o 111 -nterest "K,.M )oods returned by Rami Reddy 1((( 4.0o ; "" | , a g e

Tally Material
.old old furniture to 6eepthi Enterprises ;(((( 4.0o '1 )oods returned to >engala Rao %((( 4.0o 111

,osting the vouchers using -nterest calculation

6isplay of -nterest #alculation

)8T6isplay.tatement of Accounts-nterest #alculation7edger .elect :our 7edger Enter the ,eriod (,ress $"

M97T- #9RRE0#:
Activate Multi #urrency $11 $eaturesAccounting $eatures

#reation of #urrency
)8TAccounts -nformation# urrency#reate "% | , a g e

Tally Material

Enter Rate of Exchange

)8T Accounts -nformation#urrencyRate of Exchange

$ransactions 1. #ash deposited in to <estern union money transfer M=(( (Rs.;=2M ". C6$# #heFue issued for the purpose of Rent M%(( (Rs.;?2M %. Rent Received M"'( (Rs.;+2M ;. #ommission ,aid M1'( (Rs.;'2M '. #ash deposited in to <estern union money transfer M=(( (Rs.;?2M =. #ash with drawn from <estern union money transfer M'(( (Rs.;?2M ,osting of >oucher 9sing Exchange Rate -f enter the voucher amount column using the exchange rate. (Eg. M'((

/A&5 'EC4&CILIA$I4& 3$A$EME&$

)8T4an!ing4an! Reconciliation .elect 8ur 4an! Account (for Reconciliation )ive the 4an! date (for #learing Another way 6isplay of 7edger Account (4an!- for Reconciliation ,ress $' (Reconcile 4utton )ive the 4an! date (for #learing

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#ompany E Accounts with -nventory

-nventory Means .toc!

#reation of .toc! )roups

)8T-nventory -nformation.toc! )roups#reate

Example& Raw Materials3 $inished )oods3 .ervice ,roducts etc.

#reation of 9nits of Measure

)8T-nventory -nformation9nits of Measure#reate Type E .imple

Example& )rams3 ,ices3 4oxes3 9nits etc. Type E #ompound

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Tally Material
#reation of .toc! -tems
)8T-nventory -nformation9nits of Measure#reate Example& Raw material goods3 finished goods etc.

,osting the >ouchers .ales2,urchase using .toc! %9nits 1,ice #omputers ,urchase from .hobith -nfocom N"'((( per ,ice 19nits ",ice #omputer .old to #tec #omputer Education N%(((( per ,ice

Purc#ase "ouc#er Posting

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.ale >oucher ,osting

.toc! *ournal >oucher (AltH$? )8T-nventory >ouchers -t means transfer the stoc! of from one place to another. ie .toc! transfer from one branch to another branch or one godown to another godown.

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Tally Material -nventory ,roblem

1. Iothuri Traders .tarted business with machinery "'(((3 cash '((((( ". ,urchases mangoes ' boxes each "'(( for cash %. 4ought goods from murali mangoes % boxes %((( each3 oil " litters each ?(3 Gera ' !g each '(3 salt % !g each %( ;. #ommission received '(( '. 7ighting expenses ?(( =. Return goods murali mangoes 1 box ?. Repairs "(( +. -nterest received "'(( A. .tationery expenses ?'( 1(.4ought goods from naGeer for cash % litters oil ?( 11.The item is consumption mangoes = boxes3 oil ; litters3 Gera % !g3 salt " !g3 produce mango pic!le 1( !g each =((( 1".Mango pic!le sold to Iumar %."'( !g each !g ='(( 1%.6epreciation on machinery 1(K Activate -nventory $eatures
)8T$11 $eatures-nventory $eatures

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#reation of )odowns
)8T-nventory -nformation)odowns#reate

Activate the )odown Address ,ress $1" Address for )odowns

:es

#reation of .toc! #ategories

)8T-nventory -nformation.toc! #ategories#reate

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#reation of .toc! -tems
)8T-nventory -nformation.toc! -tems#reate The .toc! -tems is created with batch numbers3 godowns @ 8pening 4alance

8pening 4alance is %-"9nits the total of 1; ,ices. (19nit of ; ,ices Allocation of -tems -t give rate of ,ice Rate "'(((2-

-t give rate of 9nit Rate 1(((((2-

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Tally Material -nventory >ouchers

AltH$; AltH$' AltH$+ AltH$A AltH$= #trlH$= AltH$1( ,urchase 8rder .ales 8rder 6elivery 0ote Receipt 0ote Re/ection 8ut Re/ection -n ,hysical .toc!

-f :ou Raise the ,urchase >oucher in the process of three vouchers ,urchase order Receipt 0ote ,urchase -f :ou Raise the .ale >oucher in the process of three vouchers .ales 8rder 6elivery 0ote .ales -f :ou Raise the ,urchase Returns >oucher in the process of two vouchers Re/ection 8ut 6ebit 0ote -f :ou Raise the .ales Returns >oucher in the process of two vouchers Re/ection -n #redit 0ote ,urchase 8rder& (AltH$; -t means we purchase the stoc! from suppliers first we give the orders of stoc! to suppliers. Transactions "-%9nits #omputer ,urchase order to .obith -nfotech "((((2- per ,ice discount %K ord.no ,8-((("-11 %-"9nits #omputers ,urchase order to .obith -nfotech +((((2- per unit discount %K ord.no ,8-("'-11

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Tally Material
Receipt 0ote& (AltH$A -t means stoc! received from suppliers. <e transfer the stoc! to godowns. The godown in charge the raise the receipt note. Transactions "-19nits #omputer Received from .obith -nfotech for ord.no ,8-((("-11 %-"9nits #omputers Received from .obith -nfotech for ord.no ,8-("'-11

,urchase ($A After receipt note we raise the purchase invoice that invoice is cash purchase and credit purchase. Transactions "-19nits #omputer purchase from .obith -nfotech for ord.no ,8-((("-11 %-"9nits #omputers ,urchase from .obith -nfotech for ord.no ,8-("'-11

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Tally Material
.ales 8rder& (AltH$' -t means .ale the stoc! to customers first we receive the orders of stoc! from customers. Transactions "-(9nits #omputers .ales order from #TE# #omputer Education %((((2- per pice 8rd.0o .8-(((1211-1" discount "K =,ice computers .ales order from datapro ltd. "+(((2- per pice 8rd.0o .8-

((("211-1" discount "K 6elivery 0ote& (AltH$+ -t means stoc! delivery to customers from the stoc! godowns. The godown in charge the raise the delivery note. Transactions& "-(9nits #omputers delivery to #TE# #omputer Education 8rd.0o .8-(((1211-1" =,ice computers delivery to datapro ltd. 8rd.0o .8-((("211-1"

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Tally Material

.ales& ($+ After delivery note we raise the .ales invoice that invoice is cash .ales and credit .ales. Transactions& "-(9nits #omputers .old to #TE# #omputer Education 8rd.0o .8-(((1211-1"

=,ice computers .old to datapro ltd. 8rd.0o .8-((("211-1" ,hysical .toc!& (AltH$1(

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Tally Material
-t records total stoc! on physically.

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Tally Material
Accounts with -nventory ,roblem
8pening 4alance& 7iabilities #apital 6ell .ystem 7td Tata 7td Amount Assets A((((( #ash '(((( ..4.'(((( .iva 7td 6urga 7td #omputers (;-"9nits N1(((((per unit (>i/ayawada )od Telephones (1' ,ices N'((( (>i/ayawad )odown 1(((((( Amount "((((( 1'(((( ?'((( '(((( ;'(((( ?'((( 1((((((

Transaction& 1. #ash deposited in Andhra ban! %(((( ". #ash Transfer from cash to petty cash %((( %. #hF -ssued to C6$# from ..4.1(((( ;. .taff salaries paid '((( '. Advance paid to 6ell .ystem 7td %(((( =. Advance received from .iva ltd '(((( ?. -nterest received from ..4."'( +. '-1units computers purchase order to 6ell .ystem 7td N%((((2-pice dis %K 8rd.0o ,8-(('A-1121" A. #ommission received '(( 1(. $urniture purchased "(((( 11. ,etty expenses paid by petty cash 1((( 1". "( ,ices Telephones purchase order to Tata ltd N'((( dis "K ,8-(1(211 1%. %-(units #omputers .ale order from .iva ltd N"(((((2- per unit 8rd.0o .8#((1-1121" 1;. #ash ,aid to 6ell .ystem ltd 1((((( 1'. .toc! Received from 6ell .ystem 7td. for the 8rd.0o ,8-(('A-1121" 1=. #ash Received from .iva 7td +=((( 1?. .toc! Received from Tata ltd 8rd.0o ,8-(1(211 1+. 1(,ice Telephones .ale order from Iiran Enterprises N?(((2- 8rd.0o .8T-((11121" 1A. .toc! purchased from 6ell .ystem 7td 8rder 0o ,8-(('A-1121" "(. .toc! ,urchased from Tata ltd 8rd.0o ,8-(1(211 "1. .toc! 6elivered to .iva ltd for 8rd.0o .8#-((1-1121" "". .toc! 6elivered to Iiran Enterprises for 8rd.0o .8T-((1-1121" "%. %,ice Telephones sold to Iiran Enterprises for #ash ='(( ";. %,ice #omputers .old to )ayathri Enterprises for #ash N;((((2-per ,ice "'. '0oOs Telephones Return to Tata ltd for 8rd.0o ,8-(1(211 "=. .toc! .old to .iva ltd for 8rd.0o .8#-((1-1121" "?. .toc! .old to Iiran Enterprises for 8rd.0o .8T-((1-1121" "+. 6iscount allowed to .iva ltd '(( "A. 6epreciation on $urniture 1(K %(. 6iscount received from 6ell .ystem 7td 1(((3 Tata ltd '(( %1. 1 units #omputers transfer from >i/ayawada )odown to Cyderabad )odown %". ; ,ices Telephones transfer from >i/ayawada )odown to Cyderabad )odown %= | , a g e

Tally Material >AT TAP

Activate >AT Tax

$11 $eatures.tatutory @ Taxation >at Rates& 1K3 ;K3 'K3 1".'K3 1;.'K (A, >at Rates

>at Tax is Types

-nput >at 8utput >at -nput >at is activated in ,urchases 7edgers 8utput >at is activated in .ales 7edgers #reation of 7edgers Tax 7edgers o -nput >at o 8utput >at .toc! 7edgers o .ales o ,urchase

Creation o! Input "at ,@

.ame ,rocedure for -nput >at 1K3 'K3 1".'K3 1;.'K %? | , a g e

Tally Material
Creation o! 4utput "at 6@

.ame ,rocedure for 8utput >at 1K3 ;K3 1".'K3 1;.'K

Creation o! 3ales Ledgers (3ales A6@)

9sed in >at Returns -%+ | , a g e

:es

Tally Material
-t Appear another window )ive the >AT2Tax #lass

.ame ,rocedure for .ales N 1K3 ;K3 1".'K3 1;.'K

Creation o! Purc#ase Ledger (Purc#ase A ,@)

9sed in >at Returns --t Appear another window )ive the >AT2Tax #lass

:es

.ame ,rocedure for ,urchase N 1K3 'K3 1".'K3 1;.'K

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Tally Material
"ouc#er Posting Bsing "at $ax (Purc#ase)
,urchase 8rder >oucher ,osting

.toc! Receipt >oucher ,osing

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Tally Material
,urchase -nvoice ,osting

"ouc#er Posting Bsing "at $ax (3ales)

.ales 8rder >oucher ,osting

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Tally Material
.toc! 6elivery >oucher ,osting

.ales -nvoice ,osting

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Tally Material
6isplay of >at Report )ot6isplay .tatutory Reports >AT>AT#omputation

6isplay of >at Return $orm through Tally )8T6isplay.tatutory Reports>AT>AT Return $orms$orm

>AT "((

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Tally Material

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Tally Material
Accounts with -nventory ,roblem with >AT TAP
8pening 4alance& 7iabilities Amount Assets Amount #apital A((((( #ash "((((( 6ell .ystem 7td '(((( ..4.1'(((( Tata 7td '(((( .iva 7td ?'((( 6urga 7td '(((( #omputers (;-"9nits N1(((((per unit (>i/ayawada )od ;'(((( Telephones (1' ,ices N'((( (>i/ayawad )odown ?'((( 1(((((( 1(((((( Transaction& 1. #ash deposited in Andhra ban! %(((( ". #ash Transfer from cash to petty cash %((( %. #hF -ssued to C6$# from ..4.1(((( ;. .taff salaries paid '((( '. Advance paid to 6ell .ystem 7td %(((( =. Advance received from .iva ltd '(((( ?. -nterest received from ..4."'( +. '-1units computers purchase order to 6ell .ystem 7td N%((((2-pice dis %K 8rd.0o ,8-(('A-1121" -nput >at'K A. #ommission received '(( 1(. $urniture purchased "(((( 11. ,etty expenses paid by petty cash 1((( 1". "( ,ices Telephones purchase order to Tata ltd N'((( dis "K ,8-(1(211 -nput >at 1;.'K 1%. %-(units #omputers .ale order from .iva ltd N"(((((2- per unit 8rd.0o .8#((1-1121" 8utput >at 1;.'K 1;. #ash ,aid to 6ell .ystem ltd 1((((( 1'. .toc! Received from 6ell .ystem 7td. for the 8rd.0o ,8-(('A-1121" 1=. #ash Received from .iva 7td +=((( 1?. .toc! Received from Tata ltd 8rd.0o ,8-(1(211 1+. 1(,ice Telephones .ale order from Iiran Enterprises N?(((2- 8rd.0o .8T-((11121" 8utput >at 1;.'K 1A. .toc! purchased from 6ell .ystem 7td 8rder 0o ,8-(('A-1121" "(. .toc! ,urchased from Tata ltd 8rd.0o ,8-(1(211 "1. .toc! 6elivered to .iva ltd for 8rd.0o .8#-((1-1121" "". .toc! 6elivered to Iiran Enterprises for 8rd.0o .8T-((1-1121" "%. %,ice Telephones sold to Iiran Enterprises for #ash ='(( 8utput >at 'K ";. %,ice #omputers .old to )ayathri Enterprises for #ash N;((((2-per ,ice 8utput >at 'K "'. '0oOs Telephones Return to Tata ltd for 8rd.0o ,8-(1(211 "=. .toc! .old to .iva ltd for 8rd.0o .8#-((1-1121" "?. .toc! .old to Iiran Enterprises for 8rd.0o .8T-((1-1121" "+. 6iscount allowed to .iva ltd '(( "A. 6epreciation on $urniture 1(K %(. 6iscount received from 6ell .ystem 7td 1(((3 Tata ltd '(( ;' | , a g e

Tally Material

T6.
Enable T6. (Tax deducted at .ource $11 $eatures.tatutory @ Taxation

#reation of 7edgers (T6. on Rent Rent T6. on Rent 7and 8wner Rent Account

T6. on Rent

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Tally Material
7and 8wner

>oucher ,osting (Rent ,ayable

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Tally Material
6isplay of T6. Report )8T6isplay.tatutory ReportsT6. Reports#omputation

T6. Tax ,aid

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Tally Material
.ER>-#E TAP
.ervice Tax 1(K Educational #ess "K .econdary Educational #ess 1K Activate .ervice Tax $11 $eatures.tatutory @ Taxation

Creation o! 3erCice $ax Ledgers .ervice TaxN1"K

Education #essN"K

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Tally Material
.econdary Education #ess N1K

,urchase EAdvertisement .ervice

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Tally Material
.ales E Advertisement .ervice

>oucher ,osting 9sing .ervice Tax (-ncluding or Excluding ,urchase >oucher ,osting

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Tally Material

.ales >oucher ,osting

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Tally Material

6isplay of .ervice Tax Report )8T6isplay.tatutory Reports.ervice Tax Reports#omputation

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