Tally ERP 9 (Power of Simplicity)

SINGH SHRADDHA

Description

Tally.ERP 9 is the latest ERP offering of the Tally software series. This book gives you an in-depth knowledge of working with Tally.ERP 9 in a precise and easy to understand language with lots of examples and illustrations. It begins with the basic concepts of accounting so that the beginners in this field can get the desired knowledge before laying their hands on Tally.ERP 9. All the topics from creating a company in Tally.ERP 9 to adding Godowns, Stock Items, Ledger Accounts, etc. are covered in detail with examples. The book also covers the Payroll Inventory System and its related entries in an easy to understand language, and in the end, you are introduced to the basics of Tally.NET. Therefore, the book is a must read for all, who wish to learn the latest version of Tally, particularly, it's a boon in disguise for the students from commerce background.

Sujets

• Accounting
• Economie gestion
• Accounting software
• Accountancy

Informations

• Publié par: V & S Publishers
• Date de parution: 01 juin 2015
• Nombre de lectures: 0
• EAN13: 9789350574539
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Published by:
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© Copyright: ISBN 978-93-505745-3-9
DISCLAIMER
While every attempt has been made to provide accurate and timely information in this book, neither the author nor the publisher assumes any responsibility for errors, unintended omissions or commissions detected therein. The author and publisher make no representation or warranty with respect to the comprehensiveness or completeness of the contents provided.
All matters included have been simplified under professional guidance for general information only without any warranty for applicability on an individual. Any mention of an organization or a website in the book by way of citation or as a source of additional information doesn't imply the endorsement of the content either by the author or the publisher. It is possible that websites cited may have changed or removed between the time of editing and publishing the book.
Results from using the expert opinion in this book will be totally dependent on individual circumstances and factors beyond the control of the author and the publisher.
It makes sense to elicit advice from well informed sources before implementing the ideas given in the book. The reader assumes full responsibility for the consequences arising out from reading this book. For proper guidance, it is advisable to read the book under the watchful eyes of parents/guardian. The purchaser of this book assumes all responsibility for the use of given materials and information. The copyright of the entire content of this book rests with the author/publisher. Any infringement / transmission of the cover design, text or illustrations, in any form, by any means, by any entity will invite legal action and be responsible for consequences thereon.

ACKNOWLEDGEMENT
Any successful piece of work has never been possible without the support, guidance and blessings of the near and dear ones.
We are thankful to all our guide and mentors for their immense support, suggestions and for having faith in us. They are the ones who gave us enough knowledge and the confidence to share the same. Our special thanks to Mr. R. P. Singh for his guidance and support in the successful completion of the book.
We would like to specially thank Ms. Shubhra Singh, Mr. Bunny Mehra, Mrs. Sheetal Mehra and Ms. Ashima Singh for being so supportive to us and believing in our writing capabilities since a long time.
Without valuable inputs from Mr. Sahil Gupta (V S Publishers) and his editorial and DTP staff, this manuscript would not have taken the shape of a book.
On the top of all, we would like to express our heartfelt gratitude to our Parents and Grandparents. for their blessings and support. We also offer our thanks to the Microsoft team for providing us the best software to write on.
- Shraddha Singh Navneet Mehra
PUBLISHER'S NOTE
After publishing a series of Computer and Youth-oriented Books on various important subjects for readers of all ages, V S Publishers have now published this unique book on Tally, called the Tally. ERP 9, which is the latest ERP version of the Tally Series.
The book is of immense value and usage for all, especially for the students with Commerce and Accounts background. This book gives you an in-depth knowledge of working with Tally.ERP 9 in a precise and easy to understand language with lots of examples and illustrations. It begins with the basic concepts of accounting so that the beginners in this field can get the desired knowledge before laying their hands on Tally.ERP 9. All the topics from creating a company in Tally.ERP 9 to adding Godowns, Stock Items, Ledger Accounts, etc. are covered in detail with examples. The book also covers the Payroll Inventory System and its related entries in an easy to understand language, and in the end, the readers are also introduced to the basics of Tally.NET.
Hence, the book is a complete and comprehensive package on Tally. ERP 9, which is regarded today as the Latest Business Software for Accounting. The main aim of the author and the publisher is to simplify the subject and present it before its readers in an easy to understand language. Hope our aim is fulfilled and the book serves its purpose well.
CONTENTS
Dedication
Acknowledgement.
Publisher's Note
Manual Accounting
Introduction To Basic Accounting
Meaning of an Account
Meaning of an Accounting
Principles of Double Entry
Accounting Principles
Accounting Concepts
Accounting Conventions
Rules of Double Entry Accounting System
Accounting Terminology
Accounting Process
Journal
Narration
Procedure of Journalising
Solution
Ledger
Posting
Trial Balance
Final Accounts
Classification of Final Accounts
Balance Sheet
Computerised Accounting
Fundamentals of Tally.ERP 9
Features of Tally
Version Histories
Comparison between Various Versions of Tally
Improved Performance
Opening Tally.ERP 9
Components of the Tally.ERP 9 Window
Close Button
Minimise Button
Creating a Company
Company Info. Menu
Quitting Tally.ERP 9
Advanced Inventory Information in Tally.Erp 9
Stock Groups, Categories, Items and Units of Measure
Creating Single Stock Group:
Stock Categories
Stock Items
Type
Symbol
Formal Name
Number of Decimal Places
Godowns
Introducing Groups, Ledgers, Purchase Orders, Sales Orders and Invoices
Groups
Capital Account
Current Assets
Current Liabilities
Loans (Liability)
Revenue - Primary Groups
Creating a Group
Remember:
Group Behaves like Sub-ledger?
Net Debit/Credit Balances for Reporting
Used for Calculation (e.g. taxes, discounts)
Method to Allocate When Used in Purchase Invoice
Creating Multiple Groups
Ledgers
Process of Creation Ledger
Orders
Enabling Order Processing
Creating Purchase Order
Creating a Sales Order
Creating Job Work Out Orders
Creating a Job Work In Order
Invoicing
Voucher Entry in Tally.ERP 9
Inventory Vouchers
Implementing Final Accounts In Tally
Display/Reports In Tally.Erp 9
Working With Trial Balance Report
Books and Registers
Working with Day Book Report
Sales Register (Sales Day Book)
Display Purchase Register
Display Cash Book
Display Bank Book
Display Journal Register
Display Post dated Vouchers
Working with Profit Loss A/C Report
Working with Balance Sheet
Buttons
Working with Stock Summary Report
Understanding Ratio Analysis
Principal Groups and Key Figures
Principal Ratios
Payroll Accounting
Payroll Entry
Employer Payroll Tax Entry
Payroll Accounting - Gross Pay
Accrued Payroll Journal Entry
Configuring and Exploring Payroll in Tally ERP 9
Enabling Payroll in Tally.ERP 9
Creating Payroll Masters And Processing With Payroll Vouchers
Generating Payroll Reports
Employee Masters
Payroll Masters
Present Attendance Type
Absent Attendance Type
Overtime Production Type
User Defined Calendar Type
Pay Heads
Salary Details
Process Payroll and Generate Pay Slip
Accounting For Employer PF Contributions
Taxation and Tatty.Net in Tally.Erp 9
Indian Tax Structure
Configuring Income Tax
Tax Deducted at Source in Tally.ERP 9
Tax Collected at Source in Tally.ERP 9
VAT in Tally.ERP 9 163
Configuring the Tally.NET in Tally.ERP 9 TDS on Expenses-with Inventory (Purchase Voucher)
Appendix
CD Script
MANUAL ACCOUNTING

Historically, accounting was a manual process using paper books and documents for financial information. Therefore, recording of business transaction has become an important feature. Manual accounting is very detailed, because accountants need to carefully record information into physical books.
Chapter 1
INTRODUCTION TO BASIC ACCOUNTING
B asic accounting will introduce you to some accounting concepts and accounting terminologies. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations and other features of Tally. The main object of keeping the books of accounts is to ascertain the profit or loss of business and to assess the financial position of the business at the end of the year. The object is better served if the businessman first satisfies himself that the accounts written up during the year are correct, or at least arithmetically accurate. When the transactions are recorded under double entry system, there is a credit for every debit, when an a/c is debited; another a/c is credited with equal amount.
Meaning of an Account
An account is a summary of all relevant transactions relating to one person at one place for a particular period. It is a statement in which the date wise details regarding the business transactions as persons, companies, representatives, assets-liabilities, income and expenditures and profit and loss are given. This is also known as the condensed form of a statement . It records not only the amount of transactions but also their effect and direction. Generally, an account is in 'T' form. This form looks like a letter 'T', so it is called a T-account . T-account is a convenient form to analyze accounts, because it shows both debit and credit sides of the account.
Following is the proforma of an account.

An Account contains 8 columns and is divided into two parts . The left side of an account is termed as the debit side whereas, right side of an account is the credit side. Debit and credit are generally represente