TALLY - TUTORIAL

A tally is acompletebusiness accounting software developed by Tally Solutions Pvt. Ltd,Bangalore, India.

Now we are going to learn tally here.(withVideoTutorials also)

First you need to know, some accounting basics

ACCOUNTING BASICS Every Transaction in any business, there must be ledger accounts for record transaction details. For Every Transaction, there are minimum 2 entries for ledger accounts, one for Debit(Dr) and another for Credit(Cr). Debit(Dr) means what comes-in (For Particular Ledger A/C). Credit(Cr) means what goes-out. All expenses are comes under Debit(Dr). All Incomes are comes under Credit(Cr). All purchases are comes into the purchase Ledger a/c. All sales are out from the sales Ledger A/c.

HERE IS AN EXAMPLE OF TRANSACTION.

"Payment made of Rs. 2000/- for 'Room Rent'".Ledgers to be Effected:- 1. Room Rent A/c 2. Cash.Transaction Flow as follows:

Transaction for Debit and Credit

Tally Tutorial FeaturesTALLY TUTORIAL (TALLY LESSONS)INTRODUCTION Tally Software is developed by Tally Solutions India Private Limited. Tally is a complete business solution, which provides the solution of the accounting needs for business for all types and it supports many currencies as well as multi user interface. It is user friendly account package for computerized accounting software. It contains Accounting, Book Keeping, Inventory Accounting, Management Information System (MIS) and Payroll (only tally 9 ) etc,.TALLY SOFTWARE VERSIONS Tally Solutions India Private Limited has developed Tally Software in the Year 1988. The First Version of Tally is 4.5 (Dos Based) 1988 Later They developed 5.0 (Windows Based) in 1992 Tally 5.4 version developed in 1994. Tally 7.2 Version developed in 2005 Tally 8.1 & 9version developed in 2006TALLY FEATURESGENERAL FEATURESSIMPLE INSTALLATIONCODE-LESSSYSTEMQUICK ENTRY / ALTERATION OF MASTERSE-MAIL CAPABILITYWEB PUBLISHINGEXPORT OF DATADISTRIBUTED DATAMULTIPLE YEAR ACCOUNTSSECURITY CONTROLREPORTS WITH GRAPHBACK UP & RESTOREPRINTING

ACCOUNTS FEATURESNO CLOSING OF ACCOUNTSMULTI-CURRENCY ACCOUNTINGSINGLE MODE VOUCHER ENTRYINCOME & EXPENDITURE STATEMENTSRECEIVABLES ANDPARABLESCHEQUE PRINTINGINTEREST CALCULATIONBANK RECONCILIATIONCASH & FUNDS FLOW STATEMENTS

INVENTORY FEATURESAUTOMATICALLY SET CLOSING STOCK VALUESALES & PURCHASE ORDERSSUPPORTS STOCK GROUP, STOCK CATEGORY AND STOCK ITEMS.MULTI UNITS OF MEASUREGODOWNSDUTIES & TAXES COMPUTATION IN SALES INVOICEVALUE ADDED TAX (VAT)TAX DEDUCTION AT SOURCE (TDS).SERVICE TAX