THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

ITT TRAINING PROGRAMME

A Project submitted to the ……………….

In partial fulfillment of the requirement for the award of the Degree of

…………………………………BY

ACKNOWLEDGEMENT

• This project is prepared as a part of ……………………………... I take this privilege to thanks to Mr. Om Prakash Yadav my teacher and mentor for teaching and guiding me through this training.

• Above all I would like to thanks the chairperson, vice- chairperson, secretary, treasurer and manager of Noida branch of Central Indian Regional Council of The Institute of Chartered Accountant of India for giving me the opportunity and all the facilities for completing my ITT from Noida successfully.

• My special thanks to my beloved family who have encouraged me to complete this project successfully.

DECLARATION

I, …………. a student of ……………………………………, hereby declare that the project that I have accomplished has been carried out with full commitment and is purely based on my own understanding and the material have not been copied from any published source or website.In the process of completing the project, I have referred to certain websites, journals, and books in order to make it more practical.

TALLY. ERP9 is the world’s fastest and most powerful concurrent Multi-lingual business Accounting and Inventory Management software. TALLY. ERP9 is easy to install,learn and use. TALLY. ERP9 is designed to automate and integrate all business operations,viz.,sales,finance,purchasing,inventory and manufacturing and so on .TALLY. ERP9 facilities accurate and up-to-date business information at our fingertips anywhere.

INTRODUCTION OF TALLY. ERP9

FEATURES

SIMPLICITY : TALLY. ERP9 is simple, easy to setup and use.It also allows easy keyboard operations.It requires basic knowledge of Accounts to use it.

SPEED : TALLY. ERP9 provides the capability to generate instant and accurate reports, which assists the management to take timely and correct decisions for the overall productivity and growth of the company.

REAL TIME PROCESSING : Immediate posting & updation of books of accounts as soon as the transactions are entered,thereby facilitating instant statements & Reports.It also facilitates real-time multi-user environment.

REMOTE ACCESS : TALLY.ERP9 provides remote capabilities to access the data from anywhere and anytime.

SCALABILITY : TALLY.ERP9 suits any style of business needs and eliminates the necessity for a business to change its style of operations, in order to adapt to the application.

SETTING UP A NEW COMPANY IN TALLY.ERP9

CREATE COMPANY

Go to Gateway of TALLY > Press ALT+F3 > Company Info. > Create Company

Enter the specified information as shown in the FIGURE 1.0

Fig. 1.o

SELECT COMPANY

Go to Gateway of TALLY > Press ALT+F3 > Company Info. > Select Company , as shown in the FIGURE 1.1

Fig. 1.1

BACKUP/RESTORE OF DATA

Go to Gateway of TALLY > Press Alt+F3 > Company Info. > Backup/Restore

Select Destination / Source (specify path)

Select company/companies for data backup/restore from the List of Companies

Save the screen. (as shown in the FIGURE 1.3 & 1.4 )

2.TALLY.ERP9 displays the List Of Companies in alphabetical order3.Select the required company and press Enter as shown below FIGURE 1.2

Fig. 1.2

SHUT COMPANY

Go to Gateway Of TALLY > Press ALT + F3 > Company Info. > Shut Company

Select the required company to shut. We can also use ALT+F1 from Gateway of TALLY.

ALTERING A COMPANY

Go to Gateway Of TALLY > Press ALT + F3 > Company Info. > Alter Company.

b)Select the required company for any kind of alteration & press Enter.

Fig. 1.3Fig. 1.4

SPLIT COMPANY DATA

Load the company for splitting

Press Alt+F3 > Company Info. > Split Company Data

Select company from List of companies

Specify date in Split from

Save the screen (as shown in the FIGURE 1.5)

TALLY.ERP9 splits the company data as per the periods specified

Fig. 1.5

Predefined Vouchers in TALLY.ERP9

Purchase Voucher / Invoice Sales Voucher / Invoice Receipt Voucher Payment Voucher Contra Voucher Journal Voucher Debit Note Voucher Credit Note Voucher

CREATING VOUCHER TYPEGo to Gateway of TALLY > Account Info. > Voucher type > Create

Enter the voucher name

Specify the Type of Voucher

Specify the Method of Voucher Numbering

Activate/deactivate other functions as required

Press Enter and save(as shown in the FIGURE 1.6 )

Fig. 1.6

PURCHASE VOUCHER

Go to Gateway of TALLY > Accounting VouchersPress F9/ Select F9 : Purchase on the button barSelect the Party’s A/c Name Select Stock items , Quantity and Rate detailsSelect Tax ledger and tax amount is automatically computedEnter all the required detailsPress Enter and save(as shown in the FIGURE 1.7)

SALES INVOICE

Press F11:Inventory Features and set Allowing Invoicing to YesIn the Sales entry screen , click Ctrl + V (as invoice) buttonSelect Party’s A/c Name,Stock items,Qty,Rate and Tax ledgerEnter all required detailsPress Enter and save(as shown in the FIGURE 1.9)

Fig. 1.7

SALES VOUCHER

Go to Gateway of TALLY > Accounting VoucherPress/Select F8 : Sales on the Button barSelect Party Name , Sales Ledger , Tax Ledger and specify the amountPress Enter and save (as shown in the FIGURE 1.8)

Fig. 1.8

Fig. 1.9

RECEIPT VOUCHER

Go to Gateway of TALLY > Accounting VouchersPress/select F6: Receipt from button barSelect Party Name in the To field and specify amountSelect Bill references in the Bill Wise Details for screenSelect Bank ledger in the By field and press Enter to accept amountPress enter and save(as shown in the FIGURE 2.0)

Fig. 2.0

PAYMENT VOUCHER

Go to Gateway of TALLY > Accounting Vouchers Press/select F5: Payment from button bar Select Party Name in By field and specify amount Select Bill references in the Bill Wise Details for screen Select Bank ledger in To field and press enter to accept amount Press enter and save(as shown in the FIGURE 2.1)

Fig. 2.1

CONTRA VOUCHER

Go to Gateway of TALLY > Accounting VouchersPress F4 or Select F4: Contra on the button barSelect the Cash/Bank ledger in To and By fields,as requiredPress Enter and save(as shown in the FIGURE 2.2)

Fig. 2.2

JOURNAL VOUCHER

Go to Gateway of TALLY > Accounting VouchersPress F7 or select F7: Journal on button barEnter the required detailsPress Enter and save(as shown in the FIGURE 2.3)

Fig. 2.3

DEBIT NOTE VOUCHER

Go to Gateway of TALLY > Accounting VouchersPress Ctrl + F9 or select Ctrl + F9 :Debit Note on button barEnter the required detailsPress Enter and save(as shown in the FIGURE 2.4)

Fig. 2.4

CREDIT NOTE VOUCHER

Go to Gateway of TALT > Accounting VouchersPress Ctrl + F8 or select Ctrl + F8: Credit Note on button barEnter the required detailsPress Enter and save(as shown in the FIGURE 2.5)

Fig. 2.5

REPORTS

Balance Sheet Profit & Loss A/c Stock Summary Ratio Analysis

BALANCE SHEET

Go to Gateway of tally > Balance Sheet (as shown in the FIGURE 2.6)

PROFIT & LOSS ACCOUNT

Go to Gateway of tally > Profit & Loss A/c (as shown in the FIGURE 2.7)

TRIAL BALANCE

Go to Gateway of tally > Display > Trial balance (as shown in the FIGURE 2.8)

Fig. 2.6

Fig. 2.7

Fig. 2.8

STOCK SUMMARY

Go to Gateway of tally > Stock SummaryPress F12:Configure, set show Opening balance , Goods inwards,

Goods outwards and Closing balance to Yes (as shown in the FIGURE 2.9)

RATIO ANALYSIS

Go to Gateway of tally > Ratio Analysis (as shown in the FIGURE 3.0)

Fig. 2.9

Fig. 3.1

Fig. 3.0

Go to Gateway of tally > Display > Account Books >

CASH BOOK (as shown in the FIGURE 3.1)

PURCHASE REGISTER (as shown in the FIGURE 3.2)

SALES REGISTER (as shown in the FIGURE 3.3)

Fig. 3.2

Fig. 3.3

Short cut key- function key combination

F1 : To Select Company At all masters menu Screen.Alt+F1 : To Select the Inventory

At the Inventory/Payroll Voucher creation and alteration.

Ctrl+F1 : To Select Payroll Vouchers to alter At the Accounting/Inventory Voucher creation

or alteration screen.F2 : To Select Company Inventory Features

At almost all screens in Tally.ERP 9 At the F11: Features Screen

F3 : To Select Company Statutary & Taxation Features

At almost all screens in Tally.ERP 9 At the F11: Features Screen

Ctrl+F8 : To Select the Credit Note Voucher At the Inventory/Payroll Voucher creation and

alteration.F9 : To Select the Purchase Voucher At the Inventory/Payroll Voucher creation and

alteration.Ctrl+F9 : To Select the Debit Note Voucher

At the Inventory/Payroll Voucher creation and alteration.

F10 : To Select the Reversing Journal Voucher At the Inventory/Payroll Voucher creation and

alteration.F11 : To Select the Functions and Features Screen

At almost all screens in Tally.ERP 9F12 : To Select the Configure Screen

At almost all screens in Tally.ERP 9

CONCLUSION Tally.ERP 9 is such type of Accounting Package which provides

the simplest mode of performing Various Accounting Treatments of Transactions.

Tally.ERP 9 provides the Facilities of Self Generated Statements.

As a Whole It can be said that Tally is the most desirable and required Accounting Package .