How to activate and maintain godown in Tally

Godown: It is that place which plays very important role to store the goods in a systematic way. It is so because when any businessmen do the business more than one items then some of the items which are in large quantity and big side are stored in godown. When any customer gives order for purchases then directly sale from godown.

How to adjust paper size for printing in Tally

Printing:  Tally has many features. one of these features is printing. For printing, various shortcut are used to adjust the paper size in Tally.

 

company features in Tally -2

 Tally plays a very important role for doing all the work in a systematic and efficient way. with the help of this software we can easily known about the financial position of the company. No error creates. Only one reason error create when user make wrong entry at the time of making the ledger creation.

Company features in Tally

Features

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Tally ERP. 9 (ENTERPRISE RESOURCE PLANNING) has powerful software for accountant. It plays a very important role for doing all the work in a systematic and efficient way. with the help of this software we can easily known about the. financial position of the company. These features will  helpful to take quicker decisions and enhance your productivity.

How Interest on capital is calculated in Tally

when any person can start the business then amount is contributed by the partner in partnership firm then interest is contributed in profit sharing ratio. how profit sharing ratio is calculated? supposed A contribute 2000000, B 2000000, and C 1000000. then profit sharing ratio is:


 

Double vat system in Tally

For calculating VAT, first of all changes in statutory and taxation. It is the main company features.on the other hand, For impose a VAT. click on features which are shown on the right hand on the screen. Then click on statutory and taxation. For VAT, only one option is changed. This is (enable Value added Tax). And also tax information is necessary like VAT TIN, local sales tax no., inter sales tax no., PAN income tax no. Then again go on create ledger and impose vat on five items.

How to prepared the credit note and debit note in Tally

Debit note: When goods are returned by the customer to the supplier due to wrong quantity or quality of product, rate difference, discount, commission, etc is known as debit note. it is also known as purchased return.

Credit note: It is a official or commercial document which is provided by supplier to the customer.

How and why Opening expenses are created in Tally

when any person can start the business then many of the expenses are incurred in business. some of the opening expenses are incurred under the certain circumstances:

•          Any person can start the work initially (purchased the      computer):
•         Any person can start the work from middle (not end a year):
•         Any person can start the work in next year which is already

How TDS calculate in Tally

When one person gives payment to another person like salary then TDS (tax deduction at source) is deducted from this amount under the provision of 1961. This amount is deposited in government account. So, it is very important for the every accountant to known about the TDS. The main advantage of tally is that tally automatically calculates the TDS amount. in TDS, it shows the deduction detail.

How to activate and use godown in Tally

Godown: It is that place which plays very important role to store the goods in a systematic way. It is so because when any businessmen do the business more than one items then some of the items which are in large quantity and big side are stored in godown. When any customer gives order for purchases then directly sale from godown.

Manufacturing in Tally

Manufacturing means indirect sale and purchased.In other words we can say that purchased the raw material in large quantity and after production then sale to his customer
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Multi- currencies in Tally

At the time of purchase (import) and sale (export) allow or activate multi-currency. In other words we can say that when any business relations which are related to outside India then under such circumstances need arises to activate the multi-currency.

How to maintain Multiple price level in Tally

When any customer purchased the goods in large quantity from the market like in wholesaler, retailer, consumers then give discount to his customer. So for this purpose maintain multiple price level. In price list: suppose when customer purchased only 1 television Rs. 15000 per piece and when he purchased the goods in large quantity like 15 television Rs.14000. so, when customer purchased the goods in large quantity then give discount RS. 1000 per piece.

How to maintain record of accounting voucher in Tally

When any person can start the business then many transaction or entries may be occurred in business during life time whenever business is carried.  These are related to sale and purchased. All these entries are recorded in accounting voucher. It is related to cash and credit. When transaction related to credit then make entry only in journal voucher. When transaction related to cash then make entry only in the entire voucher.

Introduction to bank reconciliation

Bank reconciliation means some of the transaction entered in the cash book not in the pass book and some transaction entered in the pass book not in the cash book. In other words we can say that always opposite entry in cash book and pass book. The bank pass book indicates the amount paid into the bank and the amount withdrawn there form. The pass book balance or any given data must be the same as the balance shown by the bank column of the cash book on the same date.

How to maintain bill-wise detail in Tally

For all the entries recording in a systematic way in the books of accounting voucher. so, For this purpose need arises to activate the maintain bill-wise detail in tally. It would be difficult to match a payment to an invoice where there is a large number of entries. Business usually wish to maintain details of there creditors and debtors at the invoice level and, in Tally, this is called Bill-wise accounting 

Types of Accounting Voucher in Tally -part 3

when any person can start the bisiness then many transaction may be occured. Now in this topic we will discuss about the contra and journal voucher. When any person deposit cash in bank for the business purpose then it will be make entry in contra voucher. And when any transaction which are related to credit sale and purchased and any fixed assets are purchased  and contribution by the partner is recorded in journal voucher. 

purchase and sale order processing in Tally

when any person can start the business then gives order to the supplier for delivered the goods in large quantity and then sale to his customer according to his order. When the order is placed with the suppliers for the supply of goods, the Items, quantities, date of receipt etc., details are given with the Purchase Order Number. Later, when these goods are received, the Purchase Order is tracked for the Order Details either in the receipt note or in the purchase Invoice.

How to maintain Cost category and cost center in Tally

cost centre and cost category is very helpful to maintain detail about the employee like employee name, employee salary (basic, daily allowances, HRA (house rent allowances) etc. Before starting the cost category &cost center is very necessary for every accountant to know about cost category & why need arises to activate it?

Types of Accounting Voucher in Tally -part 2

When any person start business or running business then many stock or items are purchased or sales in business so, proper record for all the items list of ledger is maintained. After the list of ledger purchased and sale voucher is prepared. How purchase and sale voucher is prepared. Following steps which are shown as below:

Types of Accounting Voucher in Tally

When any person can start the business then many transaction may be occurred in business which are related to sale and purchased. All the entries which are recorded in accounting voucher related to cash and credit. When transaction related to credit then make entry only in journal voucher. When transaction related to cash then make entry only in the entire voucher.

How to prepare inventory information in Tally

Whenever any person can start the business then many transaction may be occurred which are related to purchase or sales. So in case it is very necessary to maintain proper record related to stock. So for this inventory information is very necessary in tally. following steps to prepare inventory info in tally.

How to calculate VAT in Tally

For calculating VAT, first of all changes in statutory and taxation. It is the main company features.on the other hand, For impose a VAT. click on features which are shown on the right hand on the screen. Then click on statutory and taxation. For VAT, only one option is changed. This is (enable Value added Tax). And also tax information is necessary like VAT TIN, local sales tax no., inter sales tax no., PAN income tax no. Then again go on create ledger and impose vat on five items. 

How to create a ledger in Tally

The need of creating a ledger is arises when data are recorded in a systematic way. So, tally software plays a very important role for this purpose. Whenever any need arises then any user can check it any time. The main aim of creating a ledger is that some expenses, losses incomes, gains are incurred in business. so, proper items are recorded in ledger.

How to create a company in Tally

Tally is accounting software which is very helpful for maintain the stock summary in business with the help of making of making entries in accounting voucher, ledger. With the help of this software transaction can be done easily. No error creates. Only one reason error create when user make wrong entry at the time of making the ledger creation.

Introduction to Accounting Information

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business. First of all to introduce the Tally software, accounting knowledge about the journal, ledger, trial balance, final account is necessary for every accountant. So, for this purpose some important term related to journal which are explained in below.