Tally - 9

Tally 9 is the world^’s first concurrent multi-lingual business accounting and inventory management software. Tally has been designed specifically for Indian business owners like you, who have always wanted to maintain accounts in an Indian language of your choice. Tally 9 is so technologically advanced that it can operate in almost all Indian languages concurrently! That means, you can maintain accounts in any Indian language, view it in another and print it in yet another language of your choice... at the same time!

Tally 9 empowers business owners to manage business smoothly. Designed keeping in mind the needs of the Indian businessman, it has several key additions in terms of functionalities.

You can send separate documents to suppliers, business associates, customers etc., in their language, while maintaining accounts in your language. In effect, you can conveniently transact business across the length and breadth of India, and language will no longer be a barrier.

Freedom from dependence on accounting professionals is yet another clear benefit that Tally 9 enables… right from day one! You can let your accountant enter information in any Indian language that he is comfortable with and you can review it in your preferred language –at just the click of a button.

Backed by the heritage of incredible simplicity, Tally 9 takes one more significant step towards ensuring that concrete business advantages are realized from accounting on computers.

The advanced technology empowering Tally 9 allows you to:

What Does Tally 9 Offer?

• Single-User Edition (Tally Silver)
• Multi-User Edition (Tally Gold).
• Best suited for small business at amazingly attractive prices!

Tally 9 - Best for Business Accounting

• Complete Book-keeping
• Books, Registers and Statements of Accounts
• General Ledger
• Out standings Management, including Credit Limits
• Accounts Receivables and Accounts Payables
• Flexible Voucher Numbering
• Flexible Classification of Account Heads
• Drill Down Display
• Date based Reporting
• Voucher and Cheque Printing
• Columnar Reports
• Bank Reconciliation

Tally 9 - Best For Business Financial Management

• Funds Flows
• Receivables Turnover (Payment Performance of
  Debtors)
• Branch Accounting
• Flexible Period Accounting
• Consolidation of Companies
• Budgeting and Control
• Cost Centers & Profit Centers, with Multiple Cost Categories
• Variance Analysis
• Ratio Analysis
• Scenario Management including Reversing Journals and Optional Vouchers

Tally 9 - Best For Statutory Returns

• VAT Statutory Returns
• VAT Composition Returns
• Service Tax
• Tax Deducted at Source (TDS)
• Fringe Benefit Tax (FBT)
• Excise for Traders

What Makes Tally 9 The Best?

• Simplicity in usage
• Speed in navigation
• Power of information management
• Flexibility in adapting to your business
• Concurrent multi-lingual capability
• No codes for convenience
• Real-time reporting
• Online help for user friendly experience

Tally 9 - Best For Advanced Business Financial Management

• Multiple Companies
• Multi Currency Accounting
• Multiple Financial Years
• Comparison of Data using Multi-Columnar Reporting
• Memo Vouchers
• Post-dated Vouchers
• User-defined Voucher Types
• Sales and Purchase Extracts
• Cash Flows
• Daily Balances & Transaction Values
• Interest Calculations
• Percentage based Reporting

Tally 9 allows you to get the information you require in the format you need. Just create your format in any ODBC compliant software like MS-Word or MS-Excel, and pull data from Tally. To create any report you want. Like Audit Reports and Schedule VI forms. Or internal reports. You can even generate your export documentation by pulling data from Tally.

• MailTally Harness the power of the Internet! Tally 9 uses the SMTP protocol for e-mail. Now, e-mail invoices to your customer. Or your purchase order. In fact, e-mail any Tally report or document as easily as you print! Even reminder letters and statement of accounts need not be printed and posted. Simply e-mail them. It is not only postage cost that you save, you save on so much of your valuable time.

• E-Tally You can improve your company's efficiency by sharing information with your extended enterprise: your customers, your bankers, your business partners and other associates. Now publish all reports and documents from Tally 9 to a secure part of your website, using either FTP, HTTP or secure HTTP protocols, in HTML format. You can use this feature to inform customers the new price-range and stocks available for sale. Or publish reports that your CEO can access, while traveling, using any internet browser.

• XML Tally Tally 9 enables you to exchange information with non-Tally systems, using XML. You can now share data across locations, amongst business associates and partners, and make your workflow seamless. You can now collaborate with others and share information like never before.

• On-line Help Tally 9 has built in Context Sensitive Help. Press the Help button while in Tally, and it will bring up the relevant topic.

• "Scenario" management The new "Scenario" Management capability allows you to plan, as well as analyse your business performance, under varying assumptions. You can get different views of your accounts and inventory information by selectively including Optional Vouchers and/or Reversing Journals and Memos. Use this feature for forecasting and planning. Prepare reports including provisional figures without affecting actual accounts using reversing journals that automatically reverse. This is useful for reporting interim statements.

• Print Preview This facility helps you check printed report formats and layouts before actual printing takes place.

• Direct Access to the Internet Tally 9 allows you direct access to Web Browsing from within Tally.

• Tally 9 Cutting Edge technology

Tally 9 has achieved major technological breakthroughs to enable you to benefit from collaborative technology such as protocol support for HTTP, HTTPS, FTP, SMTP, ODBC, and Raw Sockets with data interchange formats like XML, HTML, SOAP, SDF and related formats, rule-based collaboration supporting export, upload and synchronization.

Stock Ledger

-- Organizing Hierarchical Structure Of Stock Ledger --
ie. preparation of Stock Groups, Items and Categories

CONTENT:

--> PROBLEM

--> INTRODUCTION

--> OBJECTIVE

--> PROCEDURE

--> OUTPUT

PROBLEM:

Organise the following Hierarachical structure of Stock ledger;

Stationary Goods

-->Pen

---->Reynolds

---->Cello

---->Add gell

---->Uni-Ball

-->Ink

---->Brill

---->Chel park

---->Camel

---->Irish

-->Books

---->Supply Co

---->Seven Star

---->Criss Cross Notes

---->Harmony Notes

-->Battery

---->Novino

---->Eveready

INTRODUCTION:

Stock Groups: Grouping enables easy identification and reporting of Stock Items in the stores. Stock Items are classified on the basis

of their common features like brand, type, size, quantity, quality

etc to from stock groups.

Stock Items: it is also known as Stock Ledger accounts. Like Ledger accounts, individual stock ledger accoun

t is created for each stock ite

m for its proper recording and control. It is the lowest level of imformation about t

he stock.

Stock Categories: If there are varieties of stocks in the Godowns, stock categories provide a horizontal

classification of these stock Items. The stock Categories

provides parallel allocation of Stock Items and better organise your information.

OBJECTIVE:

The aim of this study i

s to display the list of stock items, under hier

archy of Stock Ledger;

Stock Group
-->Stock Categories
---->Stock Items

PROCEDURE:

Step1: Create Company Ma.Stationaty Ltd

GWT---->Company Info (Alt+F3)----> Create

It should be created under Accts With Inventory

Step2: Activate F11: Features

Maintain Stock Categories----> Yes

Maintain Cost Centres-----> Yes

Step3: Stock Group Creation

GWT---> Inventory Info---> Stock Groups---> Create(Single)

Name: Stationary Goods

Under: Primary

Can Quantity of Items be Added: Yes

Step4: Stock Categories Creation

GWT---> Inventory Info---> Stock Categories---> Create (Single)

Pen, Ink, Books, Battery.

Step5: Stock Item Creation

GWT---> Inventory Info---> Stock Items---> Create (Single)

Name: Item name

Under: Stationary Goods (Stock Group)

Category: Stock Category Name

Units: No.

OUTPUT:

GWT--> Display--> List Of Accounts--> Ctrl+I--> List Of Stock Items

Tally-Inventory Control

(Stock Groups, Stock Items, Stock Categories, Unit Of Measure)

CONTENT

-->PROBLEM

-->INTRODUCTION

-->OBJECTIVE

-->PROCEDURE

-->OUTPUT

PROBLEM:

1. Bharath Bulbs pvt Ltd. dealers indifferent types of bulbs started business on 1-4-200

8 with building Rs 75000, Furniture Rs 20000 and cash Rs 25000.

2. On 1-4-2008 Opened a Savings A/c (A/C No -10063) in syndicate bank by depositing Rs 5000.

3. taken a Loan from Canara Bank amounting to Rs 15000, Loan A/c no; 1019.

4. On 1-4-2008 Purchased 25 Sodium Bulbs @ Rs 750 each, 30 Mercury Bulbs @ Rs 225 each from M/s Bajaj Electricals, due days 8.

5. 1-4-2008 Purchased 50 Tubes @ Rs 35 each from M/s Compton Greves dated 1-4-08 due days 10.

6. Purchsed 5 chairs for office use @ Rs 200 by paying cash.

7. On 2-4-08 3 tubes @ Rs 45 Sold to Mr Amar, invoice no: 111, dated 2-4-2008 due days 5.

8. On 3-4-2008 2 Sodium Bulbs @ Rs 1000 each and 2 tubes @ Rs 45 each sold to Mr Akbar, invoice no:112 dated 2-4-08 due days 5.

9. On 5-4-08 Mr Amar returned 1 tube as per the invoice no: 111 dated 2-4-08 and paid Rs 90 in full settlement of the bill.

10. On 7-4-08 deposited Rs 500 into Syndicate Bank.

11. On 10-04-08 sold 10 Mercury bulbs at Rs 290 each to Mr Amar invoice no: 113 dated 10-04-08 due days 5 and received Rs 2000 cash for the same.

12. On 15-04-08 15 Tubes @ Rs 32 purchased from M/s Bajaj Electricals bill no: 154 dated 15-04-08, due date 30-04-08.

13. On 20-04-08 Canara Bank charged Rs 150 as Interest on Loan.

14. Paid Rs 1000 to Canara bank Loan A/c

15. On 26-04-08 paid for Salaries Rs 2000 by Syndicate Bank cheque No: 23440 dated 26-04-08 and Travelling Expenses Rs 100 by cash.

16. On 30-04-08 purchsed 10 Sodium Bulbs @ Rs 950 each from M/s Bajaj Electricals bill no: 3641, dated 30-04-08 due days 15 with a discount of Rs 95.

17. 5 Sodium Bulbs sold to Mr. Amar @ Rs 1250 each invoice no: 114 dated 30-04-08 due date 06-04-08 and charged Rs 125 against packing and Forwarding Charges.

18. Charge Depreciation on Building Rs 500 and on Furniture Rs 200.

Prepare Ledger A/cs, Stock Groups, Unit Of Measure, Stock Items And pass voucher entries. Display Profit & Loss A/c and Balance Sheet of the company..

INTRODUCTION:

Inventory control; refers to a systematic control over the pu

rchasing, storing and issuing of materials, in order to ensure the smooth flow of production and minimise the investment in stock.

Stock Groups: Grouping enables easy identification and reporting of Stock Items in the stores. Stock Items are classified on the basis of their common features like brand, type, size, quantity, quality etc to from stock groups.

Stock Items: it is also known as Stock Ledger accounts. Like Ledger accounts, individual stock ledger account is created for each stock item for its proper recording and control. It is the lowest level of imformation about the stock.

Stock Categories: If there are varieties of stocks in the Godowns, stock categories provide a horizontal classification of these stock Items. The stock Categories provides parallel allocation of Stock Items and better organise your information.

OBJECTIVE:

Create a new company "Bharath Bulbs Pvt Ltd", prepare Ledger Heads, create Stock groups, Stock Items and unit of measure. Pass voucher entries.

PROCEDURE:

Step 1: Create Company Bharath Bulbs Pvt Ltd, maintai accounts as 'Accts with Inventory'.

Step 2: Change company features F11

Integrate Accounts Cum Inventory --> Yes

Maintain Bill wise details --> Yes

Use Debit/Credit notes--> Yes

Step 3: Change Configuration F12

Gateway Of Tally--> F12 Configuration--> Accts/Inv info--> Inventory Master--> Allow advanced entries in Masters = Yes

Step 4: Ledger Creation

Ledger A/c Name : Group Name

Building A/c : Fixed Assets

Furniture A/c : Fixed Assets

Syndicate banks A/c : bank Accounts

Canara bank Loan A/c : Secured loan

Capital A/c : Capital Accounts

Purchases A/c : Purchases Account

M/s Bajaj Electricals A/c : Sundry Creditors

M/s Crompton Greves A/c : Sundry Creditors

Mr. Amar A/c : Sundry Debtors

Mr. Akbar A/c : Sundry Debtors

Salaries A/c : Indirect Expenses

Travelling Expenses A/c : Indirect Expenses

Sales A/c : Sales Account

Sales Returns A/c : Sales Account

Discount Received A/c : Indirect Income

Packing & Forwarding A/c: Indirect Income

Depreciation A/c : Indirect Expenses

Int on Bank Loan A/c : Indirect Expenses

Step 5: Stock group creation

GWT--> Inventory Info--> Stock group--> Create

Create Stock group 'Bulbs' under 'primary'.

Step 6: Create Unit of Measure

GWT--> Inventory Info--> Unit Of Measure--> Create

Create unit of measure 'Number' with symbol 'No;' and Formal Name 'Number'.

Step 7: Create Stock Items

GWT--> Inventory Info--> Stock Items--> Create

Stock Items shuld be Under the group 'Bulbs' with Costing method- FIFO and Market Valuation Method- Standard Price

Stock items are:

Sodium Bulbs

Mercury Bulbs

Tubes

Step 8:Passing Vouchers

--------------------------------------------------------------

1. Buildings A/c Dr

Furniture A/c Dr (Journal F7)

To Capital A/c

Cash Dr

To capital A/c (Receipt F6)

---------------------------------------------------------------

2. Syndicate bank A/c Dr

To Cash A/c (Contra F4)

---------------------------------------------------------------

3. Cash A/c Dr

To Canara Bank Loan A/c (F6: Receipt)

---------------------------------------------------------------

4. Purchase A/c Dr

To M/s Bajaj Electrical A/c (F9: Purchase)

Name of Item Qty Rate

Sodium Bulbs 25 750

Mercury Bulbs 30 225

---------------------------------------------------------------

5. Purchase A/c Dr

To M/s Compton Greaves A/c (F9: Purchase)

Name of Item Qty Rate

Tubes 50 35

---------------------------------------------------------------

6. Furniture A/c Dr

To Cash A/c (F5: Payment)

---------------------------------------------------------------

7. Mr. Amar A/c Dr

To Sales A/c (F8: Sales)

Name of Item Qty Rate

Tubes 3 45

---------------------------------------------------------------

8. Mr. Akbar A/c Dr

To Sales A/c (F8: Sales)

Name of Item Qty Rate

Sodium Bulbs 2 1000

Tubes 2 45

---------------------------------------------------------------

9. Sales Returns A/c Dr

To Mr. Amar A/c (Credit Note)

Cash A/c Dr

To Mr. Amar A/c (F6: Recipt)

---------------------------------------------------------------

10. Syndicate bank A/c Dr

To Cash A/c (F4: Contra)

---------------------------------------------------------------

11. Mr. Amar A/c Dr

To Sales A/c (F8: Sales)

Name of Item Qty Rate

Mercury Bulbs 10 290

Cash A/c Dr

To Mr. Amar A/c (F6: Receipt)

---------------------------------------------------------------

12. Purchase A/c Dr

To M/s Bajaj Electricals A/c (F9: Purchase)

Name of items Qty Rate

Tubes 15 32

---------------------------------------------------------------

13. Int on Bank Loan A/c Dr

To Canara Bank Loan A/c (F7: Journal)

---------------------------------------------------------------

14. Canara Bank Loan A/c Dr

To Cash (F5: Payment)

---------------------------------------------------------------

15. Salaries A/c Dr

To Syndicate Bank A/c (F5: Payment)

Travelling Expenses A/c Dr

To Cash A/c (F5: Payment)

---------------------------------------------------------------

16. Purchases A/c Dr

To M/s Bajaj Electricals A/c (F9: Purchase)

Name of Item Qty Rate

Sodium Bulbs 10 940.50

M/s Bajaj Electricals A/c Dr (Debit Note)

To Discount Received A/c 95.00

---------------------------------------------------------------

17. Mr. Amar A/c Dr

To Sales A/c (F8: Sales)

Name of Items Qty Rate

Sodium Bulbs 5 1250

Cash A/c Dr

To Packing & Forwarding A/c (F6: Receipt)

---------------------------------------------------------------

18. Depreciation A/c Dr

To Building A/c

To Furniture A/c (F7: Journal)

---------------------------------------------------------------

OUTPUT:

Gateway Of Tally ----> Balance Sheet

Gateway Of Tallt----> Profit & Loss A/c