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Tally Erp 9 It Assignment

Tally ERP 9 is a business accounting software that provides comprehensive accounting, inventory management, and business intelligence solutions. It can be used by small, medium, and large businesses. Tally ERP 9 integrates key business functions like sales, purchasing, and inventory management. It offers real-time processing, multi-lingual and remote access capabilities to simplify business processes. Tally ERP 9 also provides compliance with tax regulations in India and other countries.

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a0mittal7
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0% found this document useful (0 votes)
2K views8 pages

Tally Erp 9 It Assignment

Tally ERP 9 is a business accounting software that provides comprehensive accounting, inventory management, and business intelligence solutions. It can be used by small, medium, and large businesses. Tally ERP 9 integrates key business functions like sales, purchasing, and inventory management. It offers real-time processing, multi-lingual and remote access capabilities to simplify business processes. Tally ERP 9 also provides compliance with tax regulations in India and other countries.

Uploaded by

a0mittal7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

3/15/2015

TALLYERP9ITASSIGNMENT

30thOctober2012 TALLYERP9ITASSIGNMENT

[[Link]
go/s1600/TallyERP_9_Spalsh_Screen_30034.jpg]

TALLYERP9istheworldfastestandmostpowerfulconcurrentmultilingualbusiness
accountingandinventorymanagementsoftware.TALLYERP9isexclusivelytomeet
theneedsofsmall,medium,andlargebusiness.TALLYERP9isdesignedto
integradeallyourbusinessoperationsuchassales,finance,purchasing,inventory
andmanufacturing..ThepowerofTALLYERP9combinedwithenhancedMIS,multi
lingual,datasynchronizationandremotecapabilitieshelpyousimplifyallyour
businessprocesseseasilyandcosteffectively.
Aleadingaccountingpackage:The1stversionoftallywasrelasedinyear1988and
throughcontinuousdevelopment,isnowrecognizedasoneoftheleadingaccounting
packageacrosstheworld,[Link]
morethan90%.
CompletebusinesssolutionTALLYERP9provideacomprehensivesolutiontothe
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accounting,[Link]
,interpetandpresentdata.
Flexibleandeasytouse:[Link]
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[Link]
9usersneednotchangethewaytheirbusinessisruntoadapttothepackage
SpeedTALLYERP9providesthecapabilitytogenerateinstantandaccuratereports,
whichassiststhemanagementtotaketimelyandcorrectdecisionfortheoverall
productivityandgrowthofthecompany.
Realtimeprocessingimmediateposting&updatingofbooksofaccountsassoonas
thetransactionareenteredtherebyfacilitatinginstantstatementsandreports.
Versatility:TALLYERP9issuitableforarangeoforganizations,fromsmallgrocery
storestolargecorporationswithinternationallocationsandoperations.
Multiplatformavailability:TALLYERP9isavailableonwindows
98/ME/NT/2000/2003/2008/XPandwindows7.
OnlinehelptheTALLYERP9onlinehelp(ALT+H)providesinstantassistanceon
basicandadvancedfeaturesoranyotherrelevanttopicsofTALLYERP9
TallyaudittheTALLYERP9auditfeatureprovidestheuserwithadministratorrights
andthecapabilitytochecktheentriesmadebythetheauthorizedusersandalterthese
entries,[Link],TALLYERP9displaysthealtered
entries,ifanyalongwiththenamesoftheuser,whohasalteredtheentry,andwho
hasalteredtheentry.
[Link]
thedata
Abilitytopreviewandpublishreportsanddocumentsontheinternet:Companies
whichwanttopublishreportsandpricelistsontheirwebsitecandosodirectlyfrom
TALLYERP9
Payroll:TALLYERP9payrollalsocomprisesofvariousconfigurationsforpayslip,
printing,flexiblesalary/wageattendance,leaveandovertimeregister,gratuity,
PF,ESI,professionaltaxandexpatreports
Statutorycompliancessupport:TALLYERP9providescompletesolutionto
statutoryrequirements(viz,statesspecificforms,challans,returns,annexureandso
on)applicableinIndiasuchasVAT,TDA,TCS,servicetax,excisedutyandforfew
otherinternationalcountries.

VALUEADDEDTAX
VATisbasicallyanindirecttaxwhichisleviedateverylevelofproductionand
[Link]%chargesbasedonassessable
valuethatisadditionsdonebyeachdealer.
VATrates
Exemptfromtax:primarilynatural&[Link]
implements,rice,wheat,pules,seeds,bread,meat,fish,spices,paddyetc
[Link]

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VAT@1%:gold,silveretc
VAT@4%:basicnecessityitemssuchasdurgs&medicines,agricultural&industrial
inputs,capitalgoodsanddeclaredgoods
[email protected]%:allremainingitemsaregeneralvatrateof12.5%
SPECIALTAXRATES:alcoholicliquors,petrols,diesel,aviationspiritfueland
sugarcane

CENTRALSALESTAX

[Link]
[Link]
erp9facilitatesthecreationofinvoiceforinterstatepurchaseandsaleswithan
additionalfieldforspecifyingthetypeofformstobeissuedwhilerecordingstransaction
Formsfordeclarations
CFORMregistereddealer
FFORMbranchconsignmentsagents
HFORMexporter
IFORMSEZunits

TAXDEDUCTEDATSOURCE
TDSisoneofthemodesofcollectingincometax
Taxassessmentnoistendigitalphanumericnumberissuedbytheincometax
departmenttothedeductor
Tallyerp9givesyouoptionofbookingofexpenseseitherusingajournalvoucheror
purchasevoucher
TDSpaymentsaredonebytwoways
Manualbillselection
Autofillselection

TDSpaymentvoucherisprintedasaTDSchallan

SERVICETAX
[Link],onewhorendertheservice,isliableto
payservicetaxservicetaxwasimposedforfirsttime1994anditsscopeisincreasing
[Link]

[Link]

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[[Link]
BkUYOgChnZY/UID1RjRIYxI/AAAAAAAAAAc/YkS7GkpAJuU/s1600/TallyERP9Book
[Link]]

Accountingvoucherisdocumentcontainingthedetailsofafinancialtransactionfor
journalizingtransaction,thefollowinggoldenrulesofaccountingshouldbekeptinmind.
TALLYERP9ispreprogrammedwithavarietyofaccountingvoucherseachdesigned
toperformadifferentjob,thestandardaccountingvouchersare
Contravoucher(F4)
Paymentvoucher(F5)
Receiptvoucher(F6)
Journalvoucher(F7)
Purchasevoucher(F9)
Salesvoucher(F8)
Creditnotevoucher(CTRl+F8)
Debitnotevoucher(CTRL+F9)
Reversingjournals(F10)
Memovoucher(CTRL+F10)

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TALLYERP9ITAS
search
Classic Flipcard Magazine Mosaic Sidebar Snapshot

Timeslide

[[Link]
wC_Y2tb400U/UIDz4oILMoI/AAAAAAAAAAU/vLIyolyRaZ8/s1600/[Link]]

Inventoryvouchersareusedtoentertransactionsrelatingtoinventorysuchas
transactionsrelatingtoissueandreceiptofstock,transferofstockbetween
godowns,[Link]
Purchaseorder(ALT+F4)
Salesorder(ALT+F5)
Rejectionout(ALT+F6)
Rejectionin(CTRL+F6)
Stockjournal(ALT+F7)
Deliverynote(ALT+F8)
Receiptnote(ALT+F9)
Physicalstock(ALT+F10)

[Link]
accountingandinventoryreportsavailableinTALLYERP9canbegroupedunderthe
followingbroadcategories
Financialstatement
Financialstatementarereportsandstatementswhichcompriseoftheoverallsummary
[Link]
following
Balancesheet
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[Link].

[[Link]
SxJeYAvJxks/UID1XPv8sMI/AAAAAAAAAAk/qNHaalTGq_M/s1600/[Link]]

Profitandloss
Trialbalance
Balancesheet
Balsheetisfinancialstatementthatindicatesthefinancialpositionornetworthofa
[Link]
[Link]/voucherentry.
Profitandloss
Profitandlossaccountisfinancialstatementthatdescribestheoperationalresultsof
[Link]
andexpenditures.
Trialbalance
Atrialbalanceislistingofallaccountswiththeirbalancesenteredasdebitsorcredits
incolumns,todeterminewhethertheaccountsbalancethatiswhether,totaldebits
equaltotalcredits.

Billwisedetails
Thedetailsofallthesales&purchasetranscationmadewiththedebtorsndcrediotors
havetobemaintainedattheinvoicelevelinordertomaintainthesedetailstallyerp9
providesafeaturecalledasbillwiseaccounting.
Maintaindetailsofbills
Specifycreditperiod
Obtionreceivablendpayablereports
Relateeveryentrywiththerelevanttransacation
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Costcentersandcostcategories
[Link]
whichcostsorexpensesareallocatedandprofitcentersareunitstowhichincomes
areallocated.thecostcenterfeatureintallyerp9allowsthirddimensionalanalysisof
financialinformation.
Multiplecurrencies
Duetotheglobalistionofbuissnessmanyorganistaionhavefoundthenecessityto
workwithmorethanonecurrency.Tallyerp9havemulticurrencyfeatureisvery
powerfulandallowsyouto
Recordtranscationswithdifferentcurrenciesbyallowingyoutospecifyand
changethecurrencyrateofexchange
Maintainthebalanceofthespecifiedaccountinforeigncurrency

Interestcalculations
Interestislegitimatereturnonmoneyinvestedandchargeableinthebusinessworldon
[Link]
andcompoundinterest.Intallyerp9youcancalculateinterestintwoways
Simplemode
Advancedmode

Budgets&controls
Businessneedtocontrolttheirexpensesbasedonincomelevelandmonitorvariances
.buidgetsintallyerp9helpsyoucomparetheactualfinancialperformanceversus
budgetedfigandobtainvariancereports
Optimisticbudget
Realisticbudget
Goldenrulesofaccounting

REALACCOUNTSDEBITWHATCOMESIN
CREDITWHATGOESOUT

NOMINALACCOUNTSDEBITALLEXPENSESANDLOSSES
CREDITALLINCOMESANDREVENUES
PERSONALACCOUNTSDEBITTHERECEIVER
CREDITTHEGIVER

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Posted30thOctober2012byshweta
0 Addacomment

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