Tally tutor 1

TallyTallyAccounting Accounting

PackagePackageUNIT - 1UNIT - 1

Objectives of this sessionObjectives of this session

IntroductionIntroduction General Features of TallyGeneral Features of Tally Getting Started with TallyGetting Started with Tally Create CompanyCreate Company Company InfoCompany Info Role of ButtonsRole of Buttons

IntroductionIntroduction

You have already known how to You have already known how to maintain accounts manually. maintain accounts manually.

Tally is an accounting package which Tally is an accounting package which is used for maintaining your accounts is used for maintaining your accounts electronically.electronically.

General Features of TallyGeneral Features of Tally

It maintains all the primary books of It maintains all the primary books of accounts, like Cash Book and Bank Book.accounts, like Cash Book and Bank Book.

Tally maintains all registers like Purchase Tally maintains all registers like Purchase Register, Sales Registers and Journal Register, Sales Registers and Journal Registers.Registers.

Tally maintains all statement of accounts Tally maintains all statement of accounts like Balance Sheet, Profit and Loss and like Balance Sheet, Profit and Loss and Trial Balance, Cash Flow and Stock Trial Balance, Cash Flow and Stock Statement.Statement.


A Tally can maintain ‘Outstanding A Tally can maintain ‘Outstanding Reports’.Reports’.

It may provide complete bill-wise It may provide complete bill-wise information of amounts receivable as well information of amounts receivable as well as payable either party-wise or group-wise. as payable either party-wise or group-wise.

It can provide a report for a particular It can provide a report for a particular date or reports for any range of dates.date or reports for any range of dates.

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It provides the facility of Bank It provides the facility of Bank Reconciliation. Reconciliation.

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Getting Started with Getting Started with TallyTally

On the home page of Tally screen ‘Create On the home page of Tally screen ‘Create Company’ option is available under the title Company’ option is available under the title ‘Company Info’.‘Company Info’.

Create CompanyCreate CompanyOn the home page of Tally screen ‘Create On the home page of Tally screen ‘Create Company’ option is available under the title Company’ option is available under the title ‘Company Info’.‘Company Info’.

To create the company you would click at ‘Create Company’

option

Create CompanyCreate CompanyOn the home page of Tally screen ‘Create On the home page of Tally screen ‘Create Company’ option is available under the title Company’ option is available under the title ‘Company Info’.‘Company Info’.

To create the company you would click at ‘Create Company’

option

A new window will appear with various items on

the screen.

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Create CompanyCreate CompanyWhen you click at ‘Create Company’ When you click at ‘Create Company’

option, a new window will appear with option, a new window will appear with various items on the screen. various items on the screen. Some important ones are discussed below: Some important ones are discussed below: NameName:: Type the name of the company you want to Type the name of the company you want to

create.create.

Mailing NameMailing Name:: The mailing name by default is The mailing name by default is the same as the name mentioned above. You can the same as the name mentioned above. You can type some other mailing name of the company. type some other mailing name of the company.

AddressAddress:: Type mailing address of the company. Type mailing address of the company. There is no limit on the number if lines used. There is no limit on the number if lines used.

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Create CompanyCreate Company MaintainMaintain:: In Tally accounts can be maintained in In Tally accounts can be maintained in

a two different ways:a two different ways: Accounts OnlyAccounts Only Accounts-with-inventoryAccounts-with-inventory

Use Security ControlUse Security Control:: This option provides This option provides security control to your company accounts by security control to your company accounts by offering a comprehensive pass-based access offering a comprehensive pass-based access control. control.

After filling all the required information press enter. After filling all the required information press enter. A new window will appear asking for confirmation. A new window will appear asking for confirmation.

For acceptance press ‘Y’. For acceptance press ‘Y’.

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Create CompanyCreate CompanyThe next window is as follow : The next window is as follow :

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Company InfoCompany InfoOnce you get your company created, the Once you get your company created, the

heading ‘Company Info’ has a content of heading ‘Company Info’ has a content of some new options. These options are as some new options. These options are as follows:follows: Select CompanySelect Company:: This option permits you to This option permits you to

load any company, which was created earlier, load any company, which was created earlier, from the list of companies listed. from the list of companies listed.

Shut CompanyShut Company:: It allows you to exit, from the It allows you to exit, from the companies not in use, from the dialog box. companies not in use, from the dialog box.

Create CompanyCreate Company:: (same as done above under (same as done above under same heading).same heading).

Company InfoCompany Info AlterAlter:: It allows you to change the information of an It allows you to change the information of an

existing company filled at the time of creation of the existing company filled at the time of creation of the company. company.

Change Tally VaultChange Tally Vault:: To change the password, given To change the password, given earlier at the time of creating the company. earlier at the time of creating the company.

Split Company Data:Split Company Data: Split the companies to form Split the companies to form two companies out of the existing one; after the data two companies out of the existing one; after the data specify by the user. In this process the closing specify by the user. In this process the closing balance of the first company will become the opening balance of the first company will become the opening balance of the second company. balance of the second company.

Backup/ Restore:Backup/ Restore: This option allows the user to This option allows the user to take a backup either on local hard disk or on any take a backup either on local hard disk or on any external media. The backup of one or more external media. The backup of one or more companies can be taken under a single directory. companies can be taken under a single directory.

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Role of ButtonsRole of ButtonsThe right hand screen area of Tally contains The right hand screen area of Tally contains buttons; they perform various useful functions.buttons; they perform various useful functions.


F1 : Select Comp. ─ It enables user to select company's and add them to the list

of active companies.

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F1 : Select Cmp ─ It enables user to select company(s) and add them to the

list of active companies.

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F1 : Shut Cmp ─ It enables the user to shut or exit the selected company from

the list of active companies list.


F1 : Select Cmp ─ It enables user to select company(s) and add them to the

list of active companies.

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F1 : Shut Cmp ─ It enables the user to shut or exit the selected company from

the list of active companies list. F11 : Features ─ This enables user to set

some options related to:• Company features• Accounting Features• Inventory Features

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