what is tally and where it can be used...

Tally.ERP 9 is a business management program that allows business managers to handle all of their business transactions from a centralized application and from any location. The program allows users to handle accounting, finance, point of sales, payroll and branch management.

Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is easy to use software and is designed to simply complex day to day activities associated in an enterprise. Tally provides comprehensive solution around accounting principles, inventory and data integrity. Tally also has feature encompassing global business. Tally software comes with easy to use interface thus making it operationally simple.

What is the use of Tally software?


Tally is an accounts and inventory management software which is having many other features too. With the latest version of this software Tally9 you can
1. do all basic accounting functions,
2. Manage your store and items,
3. do the job costing,
4. manage payroll,
5. get many mis reports which are useful for day today functions,
6. file your tax returns like prepare balance sheet, profit and loss statement, VAT forms, TDS, returns, Service tax returns, e-TDS filing, Excise forms, FBT reports and forms,
7. maintain budgets, scenarios,
8. calculate interest on pending amount
9. manage data over different locations and synchronize it and many more other features. 

Voucher Types in Tally:

There are 18 vouchers already created in Tally software, which is divided into two parts:

1.Accounting Vouchers:

There are 10 accounting vouchers already created in Tally software. You can create, delete or modify other vouchers as per your requirement.

Accounting Voucher:

All entries which you made in these given accounting vouchers is effect on your current accounting of your business.
F4: Contra-> Used for cash and bank entries and also fund transfer from one bank to another.
F5: Payment ->Used for expenditure and payment to parties by cheque or cash.
F6: Receipt -> Used for income and received amount from the parties by cheque and cash.
F7: Journal -> Used for adjustable and transferable entries.
F8: Sales -> Used for sales entries and income
F9: Purchases ->Used for purchased entry and expenses.
Ctrl+F8: Credit Note -> Used for sales return entries.
Ctrl+F9: Debit Note-> Used for purchases return entries.
F10: Reverse Journal: Used for rectifying any wrong entries. (Non Accounting Voucher)
Ctrl+F10: Memo (Memorandum): Used for memorize any entry in tally. ( Non-Accounting Voucher)

2. Inventory Vouchers:

There are by default 8 inventory vouchers are automatically created in Tally software. You can create, delete or modify other vouchers as per your requirement. You can create, display, alter or delete any voucher as per requirement in tally from Got (Gateway of Tally) -> Accounts Info / Inventory Info -> Voucher Types

Inventory Vouchers:

These vouchers are effect on inventory reports in the business. All entries which you made in these inventory vouchers are effect on your stock register.
ALT+F4: Purchases Order Voucher: Used to give purchases order to party.
ALT+F5: Sales Order Voucher: Used to received sales order from customer.
ALT+F9: Receipt Note Voucher: Used for recording goods received.
ALT+F8: Delivery Note: Used for recording goods delivered to a customer.
ALT+F6: Rejections Out: Used for records goods that are rejected and returned to a supplier.
CTRL+F6: Rejections In: Used to record goods that are rejected and returned back by the customer.
ALT+F7: Stock Journal Voucher: Used to record stock transfers from one location to another
Alt+F10: Physical Stock: Used for recording actual stock physically verified or counted







 

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