Tally 9 ERP is an accounting program that lets you track and manage all of your accounts, sales, debts, and everything else associated with the running of your business. Tally 9 is primarily utilized in India, and you can test it out for free. With Tally, you can track all of your amount with just a few keystrokes.
Part 1 Setting Up Tally :
Install theTally software :Tally 9 ERP can be purchased and downloaded from the Tally website. You can download a 30-day trial version if you are not sure if you want to utilize it yet. Tally 9 is for Windows only. You can also utilize Tally in Educational Mode, which confess you to learn how to utilize the software without having to purchase a license. Some features are constricted in this mode.
Navigate Tally :Tally is designed to be navigated by utilizing the keyboard. While you can click any option you want, all in Tally has a keyboard shortcut. generally, the key is displayed next to every accessible option. Learning how to get around with the keyboard will expand your performance.
Create a company : In order to utilize Tally, you will require to create a company in the program. Even if you are not utilizing Tally professionally, you still require to create a company. In the opening menu, select "Create Company". This will catch you to the Company Creation screen, which will allow you to enter in your company details.
Enter in your company name as it seem on your banking records.
Enter your company address, legal compliance, telephone number, and email
Turn on "Auto Backup" to ensure that a copy of all your work is saved in case something appear to the original.
Select your currency.
If you are utilizing Tally to just maintain your accounts, select "Accounts info" in the Maintain menu. If you are utilizing Tally for inventory management as well, select "Accounts with inventory".
Enter the beginning of your financial year and the beginning date for the books.
Part 2 Creating Ledgers :
Understand what ledgers are for : Ledgers record complete of the transactions for that account. You must create a ledger for each account that you do business with. There are two ledgers consist of : "Cash" and "Profit and Loss Account". You can create as many other ledgers as you require.
When creating accounts for other parties, under Sales or Purchase , they must be listed.
Sundry Debtors, Sundry Creditors or Branch/Divisions. Place the party in the group that they closest relate to. For example, A party that you sell more to than you obtain from would be a Sundry Debtors account.
Open the Create Ledger window : Select "Accounts Info" from the Gateway menu. Select the "Ledgers" option. You can then select to create a single ledger or create multiple ledgers.
Select the group : The first thing you will require to do when creating a ledger is to select which group it will be assigned to. Selecting the right group is essential, as it will affect how numbers and sales are totaled later. The list of accessible groups will be on the right side of the screen.
Give the ledger a name : Enter a name for your ledger. This will allow you to simply know what the ledger consist of without having to open it.
Enter an opening balance : When creating a ledger, you will need to specify the balance that the ledger is beginning with. If you are creating a ledger for your bank account, this would be the amount presently in it. If you are beginning a ledger for the amount owed to a contractor, the amount you owe would be the starting balance.
Creating Vouchers :
Understand the purpose of vouchers : A voucher is a document that incorporates the details of a financial transaction. Vouchers are utilized for all aspects of a business, from sales to deposits. Tally comes with various of the most leading types of vouchers pre-configured.
read also: tally erp9 features vouchers
Open Vouchers page : From the Gateway menu, select "Accounting Vouchers".
Choose the voucher you want to create : On the right menu, you will see a list of accessible vouchers you can create. Select the one that meets your require best.
Contra Voucher (F4) - This is for when money is deposited or withdrawn for the bank, or transferred between two accounts in the same company.
Payment Voucher (F5) - This is for payments made by the business.
Receipt Voucher (F6) - This is for any income made by the company.
Journal Voucher (F7) - Transactions that do not associate to sales, purchases, cash, or other income. Mostly utilized for adjustments and opening and closing balances.
Sales Voucher/Invoice (F8) - This voucher is for entire sales made by the company.
Purchase Voucher (F9) - This is for the buy of assets by the company.
Enter the required information : The information needed to complete the voucher will vary confide on the type of voucher you want to create. You will typically need to control which ledger the voucher will be attached to, as well as enter the date and names of any involved parties.
If you are entering products being purchased or sold, Tally will automatically calculate totals based on the quantity you choose.If you want to learn more about How to use Tally then Tally Training in Chandigarh is the best place for you.