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WHAT IS ACCOUNTING
Accounting is a process of
Identifying
Recording
Summarizing
Reporting
Economic information for decision making for finalizing the financial statement.
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,
Golden Rules
REAL ACCOUNTS
PERSONAL ACCOUNTS
NOMINAL ACCOUNTS
DEBIT
WHAT COMES IN
THE RECEIVED
CREDIT
THE GIVER
Real account
Debit what comes in / credit what gose out
eg.,
1) Purchased goods from Meenu for cash 15,000
Goods /Stock a\c
dr 15000
Cash a\c
cr
15000
Personal Account
Debit the Receiver / Credit the Giver
eg.,
1) Sold goods to Tanu for cash 16,000
Cash a\c
dr
16000
sales a\c
16000
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 a\c
5000
2) Wages paid 15,000
Wages a/c dr
15000
cash a\c
15000
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.
WHAT IS TALLY
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.
Close button:
Gateway of Tally:
Displays menus, screens, reports and accepts the choices and options which you select to view data as
required
Calculator Area:
Used for calculator functions .
Info Panel:
Displays Version number, License details, Configuration details
COMPANY CREATION
OUTSTANDING MANAGEMENT
COST/PROFIT CENTERS MANAGEMENT
INVOICING
BUDGET SCENARIO MANAGEMENT
OTHER FEATUERS
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
Invoicing
Allow invoicing
Use Debit/Credit Notes
Other Features
Inventory features
GENERAL
Storage classification
Order processing
INVOICING
Purchase management
Sales managemet
Other features
GENERAL
Integrate accounting and inventory
Allow zero valued entries
Storage Classification
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
Purchase Management
Track additional costs of purchase
Sales Management
Use Multiple Price Level
Other Features
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.
CONFIGURATION (F12)
GENERAL
NUMERIC SYMBOLS
ACCTS / INVENTORY INFO
VOUCHER ENTRY
INVOICE / ORDERS ENTRY
PRINTING
DATA CONFIGRATION
TDL CONFIGRATION
ADVANCE CONFIGRATION
LICENSING
QUIT
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
CONFIGURATION (F12)
Numeric Symbols
You can configure Number Styles and Symbols used to represent
Positive Numbers, Negative Numbers.
CONFIGURATION (F12)
Accts / Inventory Info.
The fields pertaining to both Accounting and Inventory
Info. can be configured from this menu.
CONFIGURATION (F12)
Voucher Entry
Both the Accounting and Inventory Vouchers can be configured
from this menu for additional information.
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.
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.