Meaning of Tally is an accounting package

Features of tally

Advantages of tally FUNCTIONAL KEYS USED IN TALLYSelect Company F1Date F2Period AltF2Company Info ALT F3Contra Entry F4Payment Entry F5Receipt Entry F6Journal Entry F7Sales Entry F8Purchases Entry F9ConfigurationF10FeaturesF11Purchase Returns Entry CONTROL F9Sales Returns Entry CONTROL F8Purchase Order ALTF4Sales Order ALT F5

Control keys of tally

Steps in tallyTo create a companyGate way of tally

Alt f3 (company info)

Create company

Accept

Esc

Gate way of tally

To create ledgers

Gate way of tally

Ledgers

Create

Accept

Esc

Gate way of tally

To pass vouchersGate way of tally

Accounting vouchers

To create units of measure

Gate way of tally

Inventory info

Units of measure

Create accept

Esc

Gate way of tally

To create stock itemsGate way of tally

Inventory info

Stock items

Create accept

Esc

Gate way of tally

GATE WAY OF TALLY SCREEN

LEDGER CREATION SCREEN

STOCK ITEM CREATION SCREEN

UNITS OF CREATION SCREEN

CONTRA ENTRY

PAYMENT ENTRY

RECEIPT ENTRY

SALES ENTRY

PURCHASES ENTRY

PURCHASE RETURNS ENTRY

SALES RETURNS ENTRY

1. Enter the following transaction in the books of shankar and company , #123, BH Road Tumkur1. Started business with capital 2,00,0002. Deposit into HDFC bank 40,0003. Purchase furniture 25,0004. Paid wages 4005. Paid salary 50006. Received commission 90,0007. Purchase computer 25,0008. With draw from the bank 25,00 9. Rent received 12,00010. Received advance 40,00011. Paid audit fees12,00012. Paid legal charges 85013. Received discount 12,50014. Purchase printer 15,50015. With draw from the bank 4,50016. Paid telephone bill 85017. Paid for power 4800 From the above transaction find out cash in hand and cash at bank

Balance sheet of shankar and company, #123, BH Road Tumkur

P & L account of shankar and company , #123, BH Road Tumkur

Day book of shankar and company , #123, BH Road Tumkur

1. Enter the following transaction in the books of sumukha home appliances, #143, R K Road, bangalore1. Started business with capital 12,00,0002. Deposit into TGMC bank 40,3003. Purchase good from Rama Traders, # 756, KK road , Pune IndiaSl no Stock item QuantityRate

1. Television1025,000

2. Washing machine1540,000

3. Air cooler1310,000

4. Iron box7700

5. Water filter51,500

6. Air conditioner 1230,000

4. Paid wages 14005. Paid salary 500006. Investment made on TATA shares14,0007. With draw from the bank 2,500 8. Rent received 1,12,0009. Paid audit fees12,00010. Deposit in to bank 500011. Paid legal charges 120012. Sold goods to padmini traders ,#621, T naga ChannaiSl no Stock item QuantityRate

1. Television529,000

2. Washing machine843,000

3. Air cooler712,000

4. Iron box61200

5. Water filter31,900

6. Air conditioner 839,000

13. With draw from the bank 12,80014. Paid telephone bill 85015. Paid for maintains 480016. Paid for water 6017. Make FD in ICICI bank 40,00018. Invest on SBI MF 5,60019. Received secured loan 40,00020. Paid un secured loan 7550

PURCHASE VOUCHER

SALES VOUCHER

STOCK SUMMARY

Steps to enable VATGate way of tally

F11 (Features)

F3 (Statutory and Taxation)

Enable VAT (Yes)

Set / Alter VAT details (YES)

Accept

Esc

Gate way of tally

Value Added TaxVAT

It is a combination of purchase and sales tax, where the tax will be laid on goods when its value increases.

Steps to enable VAT Gate way of tally

F11

F3

Enable VAT (Yes)

Set / alter VAT details (Yes)

Accept

Esc gate way of tally

Ledger creationSl noLedger Groups

1. In put vat Duties and taxes

2. Output vat Duties and taxes

3. Purchase Purchase A/c

4. Sales Sales A/c

Purchase voucher

Sales voucher

Steps to see result

Gate way of tally

Display

Statutory reports

VAT reports

VAT computation

ANANYA INSTITUTE OF COMMERCE AND MANAGEMENT

I. Introduction to accounts: Debit Credit Debtor Creditor Golden rules of accounts Income and expenditure Assets and liabilities Deposition and appreciation II. Different headings: Journal Ledger Trading , profit and loss account Balance sheet X. F12 (Configuration)XI. BankingXII. PrintingXIII. E transferXIV. E-SugamXV. E mail XVI. FaxXVII. Cheque printingFund flow and cash flow statementsIII. Introduction to tally: Meaning Advantage and disadvantages of tally Features Tally versions Functional and control keys

IV. Company creationV. Accounts only Ledger creation Group creation Passing vouchers Problems on accounts only Analysis of resultVI. AlterationsVII. Accounts with inventory Creation of stock items, stock groups, units of measures Problems on accounts with inventory VIII. F11 (Features) Accounting features (F1) Inventory features (F2) Taxation features (F3) K Vat TDS Service TaxIX. Company info (Alt F3)