Other
Uses of tally,
- Course
- Institution
- Book
Uses of tally with gst ERP 9 e
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
pugalzmanir
Content preview
https://sscstudy.com/Chapter
1
Introduction Tally 9.0
Tally Solutions has released a new version of its Tally 9 software. It is most
popular software for accounts and inventory management. It offers different feature for
maintaining accounts. Tally 9 is integrated with a lot of advanced feature like better data
migrating, fast data speed, payroll management, TDS, TCS, job costing and point- of sale
invoicing etc.
Tally 9, a synchronized multilingual integrated business accounting software,
enables to maintain accounts in any Indian language, view it in other and print it in yet other
language of their choice. Targeted at SMBs, Tally 9 offers greater reliability, scalability,
accuracy and speed. It supports Unicode data which helps companies maintain data in any of the
Unicode supported languages.
Tally 9 program also has features including tax compliance features for value
added tax (VAT), service tax and excise for traders.
FEATURES IN TALLY 9
1. Easy calculation of TDS (Tax Deducted at Source)
Using Tally 9 you can calculate TDS appropriately.
2. Negative Stock Warning in Journal Voucher
Create a stock item with an opening balance of considerable units and pass a
delivery note against it. using a Journal Voucher to record a sales transaction tracking the
delivery note would display a warning message of negative stock even through a considerable
amount of stock was left over. The same has been addressed appropriately in Journal voucher.
3. Performance in Networking Environment
Tally 9 can work efficiently in a networking environment, if the Server has
Windows XP and Clients have Windows 98 as the operating system, Tally performs efficiently
with improved data stability.
4. Interest calculation in Forex
1
, A Sales transaction created using Forex currency and Interest calculation,
calculates the Outstanding Forex Interest accurately.
5. Ledger Account
Tally now prints the address of the Sundry Debtor/ Creditor ledgers, while printing
a ledger account.
6. Ratio Analysis
If the Net Profit is lesser than the Return on Investment% or Return on Working
Capital, Tally displays the values with a negative sign.
7. Maintain balances bill by bill
Altering a ledger created under Sundry Debtors or Sundry Creditors, by setting
Maintain balances bill to Yes affects only the selected ledger and not the Group.
8. Migration Tool
Users may now migrate data to Tally 9, using the Tally Data Migration Tool on
Tablet PCs and Desktop computers of higher processor speed.
9. Stock Journal
The value in the rate field of a Stock Journal (Transfer of Materials) appears
appropriately.
10. Purchase/Sales Order
The list of Party or Customer ledgers is displayed appropriately, while creating a
Purchase/ Sales order respectively.
11. Inventory Report
The Godown – wise Inventory reports mow displays accurate balance values
whereas multiple Godowns are maintained.
12. VAT (Value Added Tax)
You can calculate value added tax in tally 9.
13. FIFO Perpetual
2
https://sscstudy.com/
, Tally introduces a new method of inventory valuation FIFO Perpetual, which is
similar to LIGO Perpetual. The Normal FIFO treats the opening balance of the financial year as
the terminating rate to apply for residual stock. FIFO Perpetual takes all existing past data. Both
LIFO and FIFO Perpetual are capable of changing the valuation when the company is split
unlike their ‘Annual’ versions, which are consistent.
14. Payroll
It has been integrated with accounts, in order to simplify Payroll processing.
Payroll can be configured to suit the requirements of various types of organization.
You can now configure, align and automate simple to complex payroll processes.
You can print pay slips, maintain salary/ wages and attendance/leave/overtime registers, and
generate Gratuity and Expat reports. You can also configure Payroll Data with cost centre
reports for business analysis.
15. POS Invoicing
POS Invoicing in Tally is equipped with ease of use and advanced capability to
simplify your retail operations. It efficiently automates the ‘check – out’ process, and allows you
to create invoices and collect payments from customers, in a matter of moments.
16. Multilingual Support
Tally comes with the World’s First Concurrent Multilingual Business Accounting
& Inventory Management Software for small and medium businesses. The user interface for the
software is available in Hindi, Marathi, Gujarati, Bengali, Kannada, Tamil, Telugu, Malayalam,
Hinglish (colloquial English) and Punjabi, and in Bahasa Melayu and Bahasa Indonesia
allowing you to interact with Tally, in a language of your choice.
INSTALLING TALLY 9
When you install Tally, a folder named Tally is created by default, where the
program files will reside. You can specify a different folder name, if you wish.
System Requirements
To install Tally, your system must meet the following minimum requirements.
System Requirements Configuration
3
, https://sscstudy.com/
Processor Intel Pentium IV and higher or equivalent
Memory 256 MB RAM or more
Free Hard Disk Space 40 MB Minimum (excluding the data)_
Monitor Resolution Recommended 1024*768 or higher
Note: For better performance Tally Multilingual needs more memory (about
40MB of Free Hard Disk Space)
To install Tally in Windows NT/2000/XP/2003/XP SP2/VISTA Workstation,
1. You need to have administrator/all rights (to create, write, update, modify and
delete) on the Application. Data, Configuration and Language directory.
2. Ensure that the Operating System you use supports Tally for Multilingual
support.
You can install Tally using one of the given methods.
Method 1:
• Double click install.exe form the CD.
Method 2:
• Click START from Windows.
• Select RUN.
• TYPE<CD drive>:/INSTALL.
• Press ENTER key.
Follow the instructions on your screen to install Tally.
1. The Tally Setup Wizard is displayed.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller pugalzmanir. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76462 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now