What is Tally ERP 9

What is Tally ERP 9

Learn-Tally-ERP-9-in-English

Introduction to Accounting

Objective: -

What is accounting?

What is the importance of accounting?

Definition of accounting

Accounting rules and rewards

Accounting

Accounting is a process that involves understanding, recording, summarizing and reporting financial information of business, which makes it easier to make decisions in terms of financial statements.

Advantage of the following accounting -

1) By accounting, we can understand that there is a profit or loss in a particular period.

2) We can understand the financial position of business

There are lots of properties in the business.
How much is the loan on business?
How many capitals are there in business
3) Apart from this, keeping accounting can understand the reasons for the profit or loss of business.

With the benefits given above, we can easily understand that accounting is the business's business.

Definition In Accounting

While learning to account, we have to use certain words regularly. So first we understand the meaning of these words -

1) Goods: - Goods are bought and sold regularly and mainly in business. For example - in a grocery store, soaps, oils are good ones. Depending on the purchase of profits and the sale of the goods.

2) Assets: - Assets are valuable things that are necessary for business and business wealth. For example - Building, Weekly, Machinery, Furniture.

3) Liabilities: - Liability is given to a business by others. For example - the loan taken from the bank, the purchase of the goods on the credit.

4) Capital: - Capital is the capital invested by the business owner. It is in the form of Capital Cash, Goods or Assets. As it is invested by the owner of the Capital Business, this capital is also a liability according to the business.

5) Debtor: - The person who wants to take a fixed amount of business is called a debtor.

6) Creditor: - Those who have to pay a certain amount to our business are called creditors.

7) Business Transaction: - A financial event that is related to business and the impact of which falls on the financial position of the company. For example - Selling goods on the purchase, salaries, and credit of goods.

8) Cash Transaction: - Transactions that are made in cash are called Cash Transactions.

9) Credit Transaction: - The transactions which are done on the transaction credit are called credit transactions.

10) Account: - The account is a statement of any transaction, which affects any assets, liabilities, earnings or expenses.

11) Ledger: - The laser is a book with all accounts of personal, real or nominal, which are in the journal of the journal or assistant.

Types of Accounts

1) Personal Accounts: - Accounts of all individuals, societies, trusts, banks, and companies are personal accounts. For example - Rahul A / c, Gayatri Sales A / c, Subodh Traders A / c, Bank of Maharashtra A / c.


2) Real Accounts: - All accounts and goods account is included in the real account. E.g. - Cash A / c, Furniture a / c, Building A / c


3) Nominal Accounts: - All the income and expenses related to the business fall under the nominal account. Eg - Salary A / c, Rent A / c, Commission A / c, Advertisement A / c, Light Bill A / c

Account Rules

While transiting, we have to decide on a debit or credit side. Here are the following rules:

Personal Accounts: - Debit: The Receiver or Debtor Credit: The Giver or Creditor

Real Accounts: Debit: What comes out in Credit: What goes out

Nominal Accounts: Debit: All Expenses & Losses Credit: All Incomes & Gains

Double Entry System of Book Keeping:

Each transaction affects the business in two ways. for example,

a) Bought in Goods Cash - Goods are coming to business in this transaction but at the same time cash out of business is going out.

b) Sells to Datta Traders on Goods Credit - Goods are going out of business in this transaction and at the same time Datta Traders becomes the debtor of our business.


According to the Double Entry System - While recording all such business transactions in the account, there are two aspects: the Debit aspect (credit) and credit aspect (giving).

Chapter - 2

Introduction to Tally.ERP 9


Objective: - Introduction of Tally Package Ø Tally Package Features Ø Introduction to Tally Screen
Introduction: Tally ERP 9 Notes Hindi Tally.ERP 9 is the world's fastest and most powerful concurrent multilingual business accounting and inventory management software. Tally.ERP 9 has been specially designed to meet the needs of small and medium businesses. Integrate is completely cheap and extremely reliable. Tally.ERP 9 is easy to buy, fast installs and easy to learn and use. Tally.ERP 9 to Your BusinessAll business operations such as sales, finance, purchasing, inventory, and manufacturing have been made to automate and integrate. Now the new version of Tally.ERP 9 can do anything with remote access. It provides audit and compliance service, Integrated support and security management. Enhanced MIS, Multi-Lingual, Data Synchronization and Remote capability with its powerful features and power of Speed ​​and Tally ERP 9 makes your business process even easier and effectively reduces the cost.

Features of Tally ERP 9 

Remote Access:

Tally ERP 9 provides the ability to access data from remote to anywhere. The user creates a remote user ID from this scrawl and authorizes remote access and remote access.

NET (to be read at Tally.NET)
Tally.NET creates a favorable environment by default, which works backward to facilitate various services based on the Internet. Each Tally EAP 9 is enabled for this .NET service. Tally.Net offers the following services/capabilities - Tally.NET FEATURES:

Creating Remote User and Maintaining It
Remote access
Remote Center
sport Center
Synchronization of data through (Tally.NET)
Product updates and upgrades

Simplified Installation process

Tally ERP 9 comes with a new updated installer, which allows the user to configure different settings from the same screen as per the requirements.

Control Center

Control Center This new feature has been included in the Tally ERP 9. This utility interfaces differently between the installed telly and the user. With the help of the control center you -

Can make a student with the predetermined security level
Centrally Tally can manage ERP 9 and configure
Surrender, Confirm or Reject the site
Can maintain account related information

Enhanced Look & Feel:

Resizing Screens The user can resize the Tally screen or window according to your own. This is the size of the resize, such as height and width is defined in the tally.ini file. In this way, changing the size of the screen can compare the report similar to the different users of the user. Multiple Selection capabilities Users can select multiple lines in one report at the same time and can delete or delete them based on the report's merits. The information panel tally is in the lower part. There are five blocks in this product, Version, Edition, Configuration, and Calculator.

Calculator

This connection status shows during the Data Sing and Remote Connectivity. It also works as a calculator.

Enhanced Payroll Compliance

Tally ERP 9 Now the payroll is more simple and all the accounting functions of the business have been made more efficient. Its advanced legal features and process have been made better, faster and more accurate.

Excise for Manufacturers

Tally ERP 9 product provides a foil solution for business needs related to Shukla.

How to Create a Company in Tally

We take a company Apex sales and service for an example. This company purchases computer equipment and software and sells it directly to the grocers. Now, according to the information given below, they make the company -

Gateway of Tally> Company Info > Create Company

Now the company will be the creation of Windows Open, type the following information here -

Directory: The company data that will be stored on the location, the path we can give here.

Name: Give the company name here.

Company Logo: We can define the company's logo here.

Mailing Name: The company name here comes automatically. We can change it according to our needs.

Address: Type of the company's address here.

Statutory Compliance: Select India from the list of countries.

State: Select the appropriate state from the list of states.

Pin Code: Enter the PIN code of the specified address.

Telephone No .: Enter the company telephone number.

E-mail: Tally submits documents, reports, and data to the e-mail given here.

Currency Symbol: Here is the default by Rs.

Maintain: Select the company's nature and account with the account or inventory only.

Financial Year From: Enter the financial year of the company beginning with the date.


Books Beginning From The date mentioned above comes automatically here. But we can give the date of the company's account book which is starting from the date. Eg If the company has started on June 10, then give it here on June 10.

TallyVault Password: TallyVault This is an improved security feature, which is encrypted on the security of the company's data and this password is protected. Data can not be accessed without this password. If this password is forgotten, it can not be recovered.

Use Security Control: There are several security controls in the telephone, which defines the different user authority. It can access the data, fill data, change or delete it, etc.

Base Currency Information: It has various information related to currency such as currency symbol, currency name, decimal place, etc.

After entering all the information above, press the Y button below.

Modification of Company information:

After creating the company, you can make changes to the company's details. For this, press Alt + F3 and select which company to modify.

Shut Company:

If you have opened a company and now you want to close it then press Alt + F3 and select the company. The name of this company will be removed from the list.

Delete Company:

If you want to delete a company that is ready then you have to delete all the entries first, then press Alt + D.

Creates Ledger and Groups in Tally

Ledgers / Accounts:

We have to make a laser before entering the journal. Ledger is a kind of account, with the help of which we enter vouchers. For example Sahayog Traders a / c,

Bank A / c etc.

Groups:

The group is the collection of one kind of lagers. We create these groups to see the effects of the same laser's company on one side. For example, all cells take the laser in the Sales account group.