Tally ERP 9

Here is a tutorial that covers the basics of Tally ERP 9:

1. Installation and Setup

Download Tally ERP 9 from the official website and follow the installation wizard to install the software on your computer.

After installation, launch Tally ERP 9 and create a new company by selecting "Create Company" option from the "Gateway of Tally" screen.

Fill in the company details, such as name, address, financial year, and currency.

2. Creating Ledgers

A ledger is a record of all financial transactions in Tally ERP 9. To create a ledger, select "Accounts Info" from the Gateway of Tally screen and then choose "Ledgers."

Click on "Create" to create a new ledger and fill in the required details such as the name of the ledger, under which group it falls, and the opening balance.

3. Creating Groups

Groups in Tally ERP 9 are used to classify ledgers into various categories for easy reference. To create a group, select "Accounts Info" from the Gateway of Tally screen and then choose "Groups."

Click on "Create" to create a new group and fill in the required details such as the name of the group, under which parent group it falls, and the nature of the group.

4. Creating Stock Items

A stock item in Tally ERP 9 is a record of all inventory items. To create a stock item, select "Inventory Info" from the Gateway of Tally screen and then choose "Stock Items."

Click on "Create" to create a new stock item and fill in the required details such as the name of the item, unit of measure, rate, and opening balance.

5. Recording Transactions

To record a transaction in Tally ERP 9, select "Accounting Vouchers" from the Gateway of Tally screen and then choose the type of voucher you want to create, such as payment, receipt, or sales.

Enter the details of the transaction, such as the ledger account, the amount, and any additional information required.

After entering all the details, save the transaction.

6. Generating Reports

Tally ERP 9 allows you to generate various reports such as balance sheets, profit and loss statements, and stock summaries.

To generate a report, select "Display" from the Gateway of Tally screen and then choose the type of report you want to generate.

Customize the report by selecting the required options and filters and then click on "Display" to view the report.

Example:

Let's assume that ABC Corporation has the following transactions in a month:

Sales of goods worth $5,000 to XYZ Inc.

Payment of rent expenses worth $2,000.

Purchase of inventory worth $3,000 from PQR Corporation.

Here's how you can record these transactions in Tally ERP 9:

Create two ledgers "Sales" and "Rent Expenses" under the "Direct Expenses" and "Indirect Expenses" groups respectively.

Create a group - "Inventory" and a stock item - "Inventory 1" under this group.

Create a ledger - "Accounts Payable" under the "Sundry Creditors" group.

Record the sales transaction by selecting "Sales" from the voucher type menu and entering the required details, such as the ledger account, the amount, and any additional information required.

Record the rent expense payment transaction by selecting "Payment" from the voucher type menu and entering the required details, such as the ledger account, the amount, and any additional information required.

Record the purchase transaction by selecting "Purchase" from the voucher type menu and entering the required details, such as the ledger account, the amount, and any additional information required.

To generate reports, select "Display" from the Gateway of Tally screen and then choose the type of report you want to generate, such as "Profit and Loss Statement" or "Stock Summary."

What is Tally

Tally is an ERP accounting software package that is used to record day to day business data of a company. The latest version of Tally is Tally ERP 9.

Tally ERP 9 Software is one of the most financial accounting systems used in India. For small and medium enterprises, it is complete enterprise software. It is a GST software with an ideal combination of function, control, and inbuilt customizability.

ERP 9is the best accounting software. This software can integrate with other business applications like Inventory, Finance, Sales, Payroll, Purchasing, etc.

Tally software is used for storing all the business transactions of each account in detail. Tally has made calculations simple. Tally has become part of all businesses.

Small scale enterprises believe that Tally software carries out efficient business transactions, provides accuracy, and saves a lot of time.

Manual calculations are time-consuming; that's why all the organizations use Tally.

Because of Tally, the chances of error are reduced to a great extent. The Tally software can learn at home or designated institutes. It is self-explanatory and easy to learn.

Tally is cost-effective and time-saving. It also ensures accuracy in business management. It enables the digitalization of bills and signatures, thus staying up-to-date with the latest technology.

Using the Tally ERP 9 Training, the owner of a small shop can also manage his store, keep records of customer bills, and manage financial transactions efficiently.

Tally Tutorial

Features of Tally

Download Tally

Start Tally

Screen Components

Tally Configuration

Accounting Features

Inventory Features

Statutory & Taxation

Accounting Master

Create Company

Alter, Delete, Shut Company

Tally Groups

Tally Create Group

Create Single Ledger

Create Multiple Ledgers

Create Cost Centre

Create Inventory

Tally Stock Group

Create Single Stock Group

Create of Multiple Stock Groups

Create Stock Category

Creation of Godowns/Location

Create Stock Units

Create Stock Items

GST in Tally

Activate GST

Payroll in Tally

Payroll Configuration

Enable Payroll

Enable Payroll Statutory

Define Employee Category

Create Employee Groups

Create Employee Master Data

Create Simple Payroll Units

Create Compound Payroll Units

Vouchers in Tally

Create Purchase Voucher

Create Sales Voucher

Creating Receipt Voucher

Create Credit Notes

TDS Configuration, Entries & Returns

That's a basic tutorial on Tally ERP 9. As you use the software more, you'll find that it has many other features that can help you manage your business finances more effectively.