navneet (tally) 1 (final)

8/6/2019 Navneet (Tally) 1 (FINAL)

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TheInstitute Of Chartered accountancy Of India

A Project by :Navneet Bansal Reg. No.:- NRO-0271258 Roll No.:- 06 Batch No.:102

TALLY An Accounting Software

Information Technology Training


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Acknowledgement I would like toI would like to ThanksThanks Mr.Mr. AkhileshAkhileshTiwari & Mr. OmTiwari & Mr. Om PrakashPrakash sirsir for therefor theresincere efforts and valuable suggestionsincere efforts and valuable suggestion

for this project.for this project. This project hasThis project hascertainly broadened my knowledge ofcertainly broadened my knowledge of

tally and computers.tally and computers.


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TABLE OF CONTENTS yy HIS TOR ICAL BA CKG ROUND OF TALLY HIS TOR ICAL BA CKG ROUND OF TALLY yy I NTRODUC T ION OF TALLY I NTRODUC T ION OF TALLY yy POPULAR I TY OF TALLY POPULAR I TY OF TALLY

yy KE Y F E ATUR ESKE Y F E ATUR ESyy VE R SION S OF TALLY VE R SION S OF TALLY yy F EW SHORT CUT KE Y S TO R EMEM BE R F EW SHORT CUT KE Y S TO R EMEM BE R yy W OR KI NG WI T H TALLY W OR KI NG WI T H TALLY yy CONCLU SIONCONCLU SION


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A A Brief History Brief History

yy The lateThe late Shri SS.GOENKAShri SS.GOENKA , , found er of the c omp any found er of the c omp any Peut ronicsPeut ronics Pvt .Pvt .Ltd Ltd .. s et up a s of tware b usi ness (tall y) in s et up a s of tware b usi ness (tall y) in 1986 1986 ..

yy H is able mon i toring of h is s on H is able mon i toring of h is s on Bhara tBhara t res ulted in the creat ion of theres ulted in the creat ion of thes of tware that si mp lif ies the process of f inancial acc oun t ing and s of tware that si mp lif ies the process of f inancial acc oun t ing and

inv entor y thr ough a c ompu ter s y s tem in a s y s temat ic & s cient if ic wa y.inv entor y thr ough a c ompu ter s y s tem in a s y s temat ic & s cient if ic wa y.

yy B as ed on accoun t ing s y s tem and ass ump t ion s i t is one of the mo s tB as ed on accoun t ing s y s tem and ass ump t ion s i t is one of the mo s tpopu lar s of tware in accoun t ing f ield thr oughou t the w orld in rece ntpopu lar s of tware in accoun t ing f ield thr oughou t the w orld in rece ntda y s .da y s .


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TALLYTALLY

TheThe undisputed kingundisputed king of all financial accounting pack ages ava ilable in of all financial accounting pack ages ava ilable in India.India.

C apable of handling all kind of tr ansaction .C apable of handling all kind of tr ansaction .

For Its useFor Its use-- neither need to learn new a ccounting methods nor should neither need to learn new a ccounting methods nor should change ex isting style of handling account s.change ex isting style of handling account s.

The infor mation can be f ed as well r etrieved at r ando m and all h uman error sThe infor mation can be f ed as well r etrieved at r ando m and all h uman error scan be corr ected.can be corr ected.

A p ost tr ansaction systemA p ost tr ansaction system -- follows the tr adition al me thods of accounting, follows the tr adition al me thods of accounting, that is, the pa yment is fir st made on the bas is of existing accounting that is, the pa yment is fir st made on the bas is of existing accounting methods (i.e. , against a vouc her or a cash b ill) a nd that infor mation is f ed methods (i.e. , against a vouc her or a cash b ill) a nd that infor mation is f ed into the Tall y.into the Tall y.

C over s a w ide ar eaC over s a w ide ar ea -- can be used by the owner, financial contro ller, can be used by the owner, financial contro ller, account ant, manager or an auditor account ant, manager or an auditor

Is both accur ate and con venient to use eve nIs both accur ate and con venient to use eve n if you ar e not well ve r sed withif you ar e not well ve r sed withthe a ccounting, you can still use and at the same time be come kno wn to the a ccounting, you can still use and at the same time be come kno wn to accountin methodaccountin method


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Popularity of Tallyy Since inception in 1986,Tally solutions has worked closely with small and medium enterprises ,across world ,to simplify their business processes and enhanceperformance. For the last 20 years ,Tally Solutions has constantly endeavored todevelop cutting-edge technology products that have practical relevance to business tobusinesses. New features , new products, new services, new technologies ,and aboveall The Power of Simplicity have made tally Solutions one of the leading financial

accounting software companies in the world.y Tally Solutions was the first company in the world to introduce the no-codes concept

in accounting software.

y While focus of Tally Solutions had previously been on a single application-BusinessAccounting today, It has moved from a single product company to a multipleproduct and services company. Currently ,Tally Solutions offering span several

innovative products and services, for various business verticals and users-from traditional small business ,to middle and large enterprises , Chartered Accountantsand Software Entrepreneurs.

y Tally9 is perfect for companies in manufacturing ,trading and professionals.services.


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Features of Tally yy E xcelle nt Backu p Provision sE xcelle nt Backu p Provision syy E asy exit to o pe r ating systemE asy exit to o pe r ating systemyy Unencry pted files: owner fr eely carry the data in hisUnencry pted files: owner fr eely carry the data in his

pe r son pe r sonyy Base d on solid accounting theories a nd pr actic esBase d on solid accounting theories a nd pr actic esyy Mode of data ex change throug h ex tensi ble ma rku pMode of data ex change throug h ex tensi ble ma rku p

langu age (XML)langu age (XML)yy An exha ustive l ist of fieldsAn exha ustive l ist of fields


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VERSIONS OF TALLY4.5 : 4.5 : DOS bas ed, Acco u n t s only.DOS bas ed, Acco u n t s only. 5. 4 : 5. 4 : Win d ow bas ed acco u n t s wi t hWin d ow bas ed acco u n t s wi t hin ven t ory.in ven t ory.6.3 :6.3 : 5. 4 wi t h onlin e finaliza t ion , 5. 4 wi t h onlin e finaliza t ion , a ud it ing an d impor t & ex por t a ud it ing an d impor t & ex por t f ea tu r e . f ea tu r e .7.2 :7.2 : 6.3 wi t h VAT , TDS an d 6.3 wi t h VAT , TDS an d se r vice t a x.se r vice t a x.8.1 :8.1 : 7.2 wit h F BT an d ex cis e dut y.7.2 wi t h F BT an d ex cis e dut y. 9.0 : 9.0 : 8.1 wit h P ayroll sys te m , m u l t i8.1 wit h P ayroll sys te m , m u l t ilang u ag e an d ext ralang u ag e an d ext ra

forma tt ing f ea tu r e forma tt ing f ea tu r e ..


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or cu eys se n a y .yy F1F1 Company Creation.Company Creation.yy F2F2 Change Period.Change Period.yy F4F4 Contra Voucher.Contra Voucher.yy ALT+F4 ALT+F4 Purchase Order.Purchase Order.yy F5F5 Payment Voucher.Payment Voucher.yy ALT+F5 ALT+F5 Sales Order.Sales Order.yy F6F6 Receipt Voucher.Receipt Voucher.yy F7F7 Journal Voucher.Journal Voucher.yy F8F8 Sales Voucher.Sales Voucher.yy CTRL+ F8CTRL+ F8 Credit Note.Credit Note.yy CTRL+ F9CTRL+ F9 Debit Note.Debit Note.yy F9F9 Purchase Voucher.Purchase Voucher.yy F10F10 Memorandum Voucher.Memorandum Voucher.yy F11F11 Company Operation Alteration.Company Operation Alteration.yy F12F12 Configuration .Configuration .


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CREATING A COMPANY

A compa ny is a file whe r e all tr ansaction s and infor mation r ela ting

to a pa rticu lar compa ny ar e enter ed . A compa ny may be a

pa rtner shi p, Sole p ro prietor shi p, joint stock or any other compa ny. It is cr eated by using Alt+F3 k ey . It displa ys a b ox w ith hot k ey C , to

C r eate compa ny . Both k ey board as well as m ouse can be used in

tally . And thus after entering all infor mation a compa ny is cr eated .The r e ar e o ption s to enter passw ord calle d TALLY VAULT . I t

provides se curity mechanism..


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TITLE BAR

KEYBOARD BUTTON

MINIMIZEBUTTON

LANGUAGE BUTTONGATEWAY OF TALLY

CALCULATORBOTTOM PANE

BUTTONS TOOLBAR

MENU BARTALLY REEN

PRODUCT BA R

Press Alt+F1,the companyinformation menu willcome.


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Creation Of a Company


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Th e necessary information available about t h e firm/C ompany is entered in t h e company creation works h eet .After feeding t h e info, t h e company is ready to be workedupon

CREATING A COMPANY


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Company Information


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Steps after choosing Select/Create Company

yy o w enter all the tra ns act ion s one b y one ,but i t mu s t needed thatNo w enter all the tra ns act ion s one b y one ,but i t mu s t needed that you acce pt all the e ntr ies . you acce pt all the e ntr ies .

yy

Af ter acce pting all entr

ie

s pre

ssE

sc ke y up to Gatewa y of Tall y. Af ter acce pt

ing all entr

ie

s pre

ssE

sc ke y up to Gatewa y of Tall y.yy Choos e Prof i t & Loss A/c or B alance Sheet t o s ee the po si t ion , in Choos e Prof i t & Loss A/c or B alance Sheet t o s ee the po si t ion , in

the Pr of i t & Loss A/c or B alance Sheet s cree n press A lt + F1 to s eethe Pr of i t & Loss A/c or B alance Sheet s cree n press A lt + F1 to s eethe deta i ls .the deta i ls .

yy If you ha v e made any wrong entr y back t o Gatewa y of Tall y the n If you ha v e made any wrong entr y back t o Gatewa y of Tall y the n press A/c Info. follo wed b y Ledger, A lter the n choos e yourpress A/c Info. follo wed b y Ledger, A lter the n choos e yourtra ns act ion and cha nge i t .tra ns act ion and cha nge i t .

yy In the creat ion line of Ledger if you cha nge s ome m is take press In the creat ion line of Ledger if you cha nge s ome m is take press Page Up ke y and cha nge i t .Page Up ke y and cha nge i t .

yy To Qu i t Tall y press Es c ke y up to Qu i t box the n Pre ss Y for Q u i tTo Qu i t Tall y press Es c ke y up to Qu i t box the n Pre ss Y for Q u i t y es & press N for Qu i t no y es & press N for Qu i t no


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e ec on er o

In the period in which userWants to work


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GATEWAY TO TALLY

TO SELECT ALRE ADY EXISTING COMP ANY

TO CLOSE ANY COMP ANY

TO CRE AT A NEW COMP ANYTO M AK E MODIFIC ATIONS

ITS A SECURITY MECH ANISM

FOR VIEWING BA C K MOVEMENT

TO RESTORE THE D AT A

Q UITS FROM CURRENT P AGE

IT JUST SPLIT COMP ANYS D AT A A NDINCRE ASE SPEED


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Selection Of Groups

Selection ofgroups


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Selection ofLedgers

SE L EC T ION OF L E DGE R S


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TALLY VOUCHERS

yy A voucher is a primar y A voucher is a primar y docum ent fordocum ent forrecording all f inancialrecording all f inancialtra ns act ion s . tra ns act ion s .

yy Record ing and Record ing and anal yzing are ea s y foranal yzing are ea s y fordiff erent t ypes of diff erent t ypes of tra ns act ion s .tra ns act ion s .


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TYPES OF VOUCHERS ContraContra Purchase PurchaseSalesSales

Payment Payment Receipt Receipt Credit noteCredit note

Debit note Debit note

Journal Journal


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S election of different vouc h ers

Shortcuts for voucher types


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Purch ase


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S ales


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Payment vouc h er


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Contra Vouc h er


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ournal Vouc h er


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Debit Note Credit Note


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Ledger display


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T R AIL BALAN CE

A Trial Balance Is Consolidation Of Ledger Accounts At The End Of A Particular Period. ItShows Accuracy Of All Ledger A/Cs If Tallied.


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T ally - Books of AccountsREPORT S

yy P rofi t & loss s t a te m en tP rofi t & loss s t a te m en tyy Balanc e sh eetBalanc e sh eetyy C ash flow s t a te m en tC ash flow s t a te m en tyy F u n d flow s t a te m en tF u n d flow s t a te m en tyy Ra t io analysisRa t io analysis


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P rofit & Loss A/ CIts A Master Nominal Account Which Shows Figure Of Profit or Loss

At The End Of A Financial Year.


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Balance Sh eet Its A Statement Which Shows Balances Of All Real & Personal Accounts ,

At The End Of A Financial Year. It Indicates True Financial Position And Whole

View Of Assets And Liabilities Of An Organization.


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F INAN C IAL ANALY S I S

It includes CASH FLOW STATEMENTS, FUND FLOW STATEMENTS etc..This displays true financial position, true cash profits and also Working Capital

Changes.

Cash Flow Statement


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atio Analysis


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Ta ll and T Step 1: If you want to working with VAT then create company mentionStep 1: If you want to working with VAT then create company mentionthe state allow the VAT Yes, accept it.the state allow the VAT Yes, accept it.Go to Accounts Info., Ledger , create Purchase A/C. ,VAT Yes, selectGo to Accounts Info., Ledger , create Purchase A/C. ,VAT Yes, select

your % of VAT ,accept it. your % of VAT ,accept it.Go to Accounts Info., Ledger , create Sales A/C. ,VAT Yes, select yourGo to Accounts Info., Ledger , create Sales A/C. ,VAT Yes, select your% of VAT ,accept it.% of VAT ,accept it.Create Input Tax / Output Tax Ledger , under Duty & Taxes, ChooseCreate Input Tax / Output Tax Ledger , under Duty & Taxes, ChooseVAT ,Choose Tax%, ,accept it.VAT ,Choose Tax%, ,accept it.Create your Debtors / Creditors ,then back to your Gateway of Tally.Create your Debtors / Creditors ,then back to your Gateway of Tally.Choose Inventory Voucher ,Press F9 for purchase voucher and press F8Choose Inventory Voucher ,Press F9 for purchase voucher and press F8for sales voucher.for sales voucher.When you enter your item and when at the end of the item list will comeWhen you enter your item and when at the end of the item list will come, then press Back Space and select Input Tax, accept it., then press Back Space and select Input Tax, accept it.Do the same in sales voucher and select Output Tax, accept It.Do the same in sales voucher and select Output Tax, accept It.To see VAT from Gateway of Tally ,click Display followed by VAT ReportTo see VAT from Gateway of Tally ,click Display followed by VAT Report, VAT Computation., VAT Computation.


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navneet (tally) 1 (final)

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