TALLY FULL FROM :-TOTAL ACCOUNTING LEADING LIST YEAR
ERP FULL FROM ;- ENTERPRISE RE SORCES
PLANNNG
IN THE CREATORS OF TALLY
Shyam Sunder Goenka Bharat Goenka
FINANCIAL YEAR
Starting - 1-1-2016 End 31-12-2016
1-4-2016 End 31-3-2017
Starting Date:- 1-1-2016( 1 23456789 10 11 12 ) End Date:-(31-12-2016):
Starting Date:- 1-4-2016(456789 1011 12 1 23) End Date :-(31-03-2017)
RECORDS OF TRANSACTIONS
LEDGERS :- A book in which allthe accounts are maintained.
o JOURNAL ENTRIES : -A book in which business transactions are entered in a çhronological
order that is the order in which Non cash Transaction.
ACCOUNT : -A tatements of transaction affecting any particular assets liability Revenue of expenses.
VOUCHER A Documents containing the details of a financial transaction.
ACCOUNTING MANAGEMENT REPORTS
TRIAL BALANCE :- IsA List OfThe Balance OfAll Ledger Accounts.
terms of profit or losses Mode by it
PROFIT & LOSS A/C - statement _hows the performance of the company in
Over a
specified period.
t BALANCE SHEET Is An Overview OfThe Financial Position OfA Company As An A Specific Date.
* GROUPS & LEDGER
Capital Account Owners Name, Partners Name,
Owner Related Ledgers i.e.
Drawings A/e(for. Personal Use)':
This Records the capital.
Loans (Liability) Loans provides (Two Types)
Secured Loans Security Loans Exp ;- Gold Loan Property Loan.
Unsecured Loans Unsecured loans Exp :- Friends Relative Loans.
Any Business Contract.
Current Liabilities
Computer Furniture Machinery
Fixed Assets
Cell phone Electrical Fitting Air conditioner etc.
- Current Assets means Any Fixed Assets office
Current Assets
Used Items Exp Computer Furniture Machinery
(Resale the product).
Investments
Business Investment Money
Exp:- Investment at Reliance
Investment at ABC Finance.
Branch/Divisions -
This Maintains ledger accounts of all your
company'sbranches, divisions.
Misc Expenses (assets) Preliminary Expenses & Assets Expenses.
Suspense Accounts Company Bonus & Commission Suspense Accounts.
Sales Accounts Sales Account, Sales@4% Input VAT@4%.
Purchases Accounts , Purchases @4%.
Purchases Accounts
Direct Incomes
Primary source of consulting
Revenue fees Received Course of receipt.
Rent Received, Discount Received
Indirect Incomes Commission received .
Direct Expenses Wages, Transportation Charges, Delivery Charges,
Packing charge, Loading charge etc.
Indirect Expenses Salary Expenses Interest Convenyence Exp,
Rent Expenses Stationery Expenses Bank Charge etc.
Bank OD Account SBI,O/D At SBH OD At SBM Et.
Duties & Taxes Input Vat, Output Vat Service AII Taxes
VAT (Value Added Tax)
CST (Central Sales Tax)
GST (Goods Service Tax).
Provisions Rent payable, Salary payable, Electricity Payable etc,,
Sundry Creditors - Suppliers Name Exp:- Yamuna Traders, Nandu Traders
(To who provide credit facility & for use)
Stock - In - Hand Stock - in-hand
Deposits (asset) Security Deposit Shop and
Telephone Electricity Company
Furniture Deposit etc..
Loans & Advances (asset) Salary Advance Loan facility Provided
Friend and Relative Those Name etc...
Sundry Debtors Customner Name Buyer Andseller's
Exp:- Ranjendra Traders,
Kalpana Traders..
Cash in Hand Petty Cash, Main cash,
State Bank of Hyderabad, State Bank
Bank Accounts
Mysore State Bank of India, Canara Bank etc..
General Reserve & Capital Reserve.
Reserve & Surplus
**&******
RULES OF ACCOUNTING VOUCHERS :
Accounting Voucher is the primary document in which the complete details of
Accounting transaction are recorded.
Vouchers Are :
A. Contra Voucher (F4) Bank Related Transactions.
B. Payment Voucher (FS) All Expenses.
All Incomes.
C. Receipt Vouchèr (F6)
Non Cash Transactions.
D. Journal Voucher (F7) Sold on Goods.
E. Sales Invoice (F8)
Purchases on Goods.
E. Purchase Invoice (F9)
Right Way
Learning For Success
RIGHT UWAY COMPUTER
inSTITUTE
TAUY IvENTORY NOTES
TYPES OF VOUCHERS
Contra Voucher (F4)
Payment Voucher (F5)
Receipt Voucher (F6)
Journal Voucher (F7)
Sales Voucher (F8)
Purchase Voucher (F9)
CONTRA VOUCHER
Contra voucher is used for fund transfer between cash and Bank
account (Ledgers placed under Groups: Cash in hand, Bank account
and Bank 0CC) only.
Following Transaction Should Be Entered In Contra Voucher : -
Cash to Bank Deposit (Cash deposit into Bank)
Bank to Cash Withdrawn (Cash withdrawn from Bank)
Bank to Bank Transfer (Money transfer one banlk to ànother)
Cash to Cash Transfer (Money transfer petty cash )
PAYMENT VOUCHER
All payments (by cash or through Bank) are recorded in payment
voucher. Such Payments may be towards expenses, acquisition of fixed
assets, Dues to Creditors,Loan/Advances given by you or repayment of
loans/Advances taken by earlier etc.
RECEIPT VOUCHER
All the inflow money (in cash or through Bank) is recorded through
Receipt Voucher. Such receipt- may be, towards any income, from
Debtors, Loans /Advances taken or refund of loans/Advances given
carlier etc.
thocan
due purchase
of or user 1200
sales in tems. 4000 5000 400 700 600 300
transactions
mode Adjustment, -products:
thesystem. be decrease
I
Stock stock
the
and to with HighlandStreet
Ezra Strcet Ezra
Ezra Strect lighland
voucher GODOWN Ezra Strcet
Strcct Ezra
goods details
automated
the the on
given or following
purchaseinto stock to information
for increase
the are Transfer stock
transaction
customer QTY 10 20 10 10 10
using
be etc., make 6 5
the can
the
recoding
other
delivery,MATERIALS)Godown providing
with UNIT Pcs Pcs Pcs Pcs Pcs Pcs Pcs
passed
record calculations a to
the from usedany deals CATEGORIES
including Accessorics
BILL) Handset
to be feeding of of another and
(INVOICE BILL) received OF is eXcess company
usedcan date
the (TRANSFER
voucher stock
of (INVOICE accounting GROUP Mobile
is entry
where quantities, to
ease wastage,
VOUCHER
voucher order
is GodoWn of the
The the journal sales
examples
mode Sony P-Eattery
Nokia -Mobile
Mobile
L5C BP6M -C able kit
Date Car
Phone
Bluctocth
VOUCHER STOCKJOURNAL INVENTORY PRODUCT Ilandset
experience When
theitem, nventory
the 0NAME M70I E97 -
company.
Purchase Number. one
shortage, Battery
PURCHASES invoice Stock from stock
the
For
SALES i
SL.NO
2 3 7
STOCK GROUPS
Classifications of item that are common in nature are put together to
form stock group.
STOCK CATEGORIES
Stock Categories offer the benefit of classifying an item in another
dimension - this at any moment you can find similar items. In the above
example:- Monitor may be of different types, CRT-Monitor, LCD
Monitor, LED Monitor.
UNITS OF MEASUREMENT
Denomination used to measure stock item
These can be simple units or compound units (relation between two
simple units)
V Simple units(No, Pcs, Ltr, Qty Kg.)
GODOWNS
Godowns are the place tostore Goods which may be awarehouse, rack,
its
sheif, factories or anything. Tally automatically stores allthe items in
default Godown Main locations.
STOCK ITEMS
receive or
Stock item to goods that you manufacture or trade. What you
Nokia mobile
issue, sellor purchase is a stock item. For example, for the
Sony Dell Laptop Hp Printer is a stock item.
BILL WISE DETAILS
sundry debtors
This option is to maintain outstanding details of
(customer) and sundry creditors (supplier) or bill Receivable and bill
payable respectively.
ADJUSTMENT IN BILL -WISE-DETAILS
1. Neww Ref Purchase & sales Entries
2. Angst Ref Payment & Receipt
3. On account Contra Voucher
4. Advance Provide to loans andadvances
TYPES OF REF DESCRIPTION
This reference type is used when a new bill is
NEW REF
raised against the party or by the party.
This reference type is used to allocate the amount
against the previous bill(s). if this option is take
ANGST REF
tally will list all the bills against the party. You
need to select the bill(s) to allocate the amount.
This option is for adjusting the amount, only
against the party ledger balance. It is used when n
ON ACCOUNT COnfirmn information is available against th
payment or the receipt.
ADVANCE
It is to be taken at the time or payment of advanc
to a party or receiving advance from aparty.
TRADING ORGANIZATION
º inventory
Purchase andSales
VAT & CST & GST
Purchase Return And Sales Return
Outstanding Details -Bills Receivable and payable
º Discount and offers
TAX IDENTIFICATION NUMBER (TIN)
All Dealers registered under the VAT act have to use 11 Digits TN
Indicates the type of Tax. Under: -
The Central Sales Tax, Tin No For Example 19578989236
The State Value Added Tax, Tin No For Example 19578989042
The AIl India Goods Service Tax Tin No 29AAAAA1234A1Z5
VAT Value added Tax
CST Central Sales Tax
GST Goods Service Tax
URD UNRegister Dealers
REGULAR VAT (Daily & Monthly Taxes)
COMPOSITION VAT (Yearly Taxes)
VAT, CST,GST RATES(%)
WAT RATES(%) CST RATES(%) GST RATE(%)
SALES@2% SALES CST@2% IGST@30%
OUTPUT VAT@2% OUTPUT CST@2% IGST@20%
SALES@4% SALES CST@4% IGST@ 10%
OUTPUT VAT@4% OUTPUT CST@4% SGST@15%
SALES@5% SALES CST@5% CGST@15%
OUTPUT VAT@5% OUTPUT CST@5% SGST@ 10%
SALES@5.5% SALES CST@5.5% CGST@10%
OUTPUT VAT@5.5% OUTPUT CST@5.5% SGST@5%
SALES@12.5% SALES CST@12.5% CGST@5%
OUTPUT VAT@12.5% OUTPUT CST@12.5% IGST@40%
TYPES OF GST (Goods Service Tax)
IGST (20%) (Inter Goods Service Tax)
CGST (10%) (CentralGoods ServiceTax)
SGST (10%) (State Goods Service Tax)
Inter State Customer
INVOICEBILL
Customer Name: -Rajesh Jain
AddresS: -Station Road Kolkata.
SL.NO ITEMS QUANTITY RATE VALUE
1
Sony Computer 10 3000 30000
2 Dell Computer 5 2500 12500
TOTAL AMOUNT 42500
ADD:IGST@20% 8500
NET TOTAL AMOUNT 51000
Local Customer
INVOICEBILL
Customer Name: - Pandith Kumar
Address: - GandhiChowk Road Raichur.
SL.NO ITEMS QUANTITY RATE VALUE
Sony Computer 10 3000 30000
2 DellComputer 5 2500 12500
TOTAL AMOUNT 42500
ADD:CGST@10% 4250
ADD:SGST@10% 4250
NET TOTAL AM0UNT 51000
