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Tally Project

This document provides an overview of using the accounting software Tally. It discusses creating a company in Tally, setting up accounts and ledgers, entering transactions through vouchers, and generating key reports. Configuration features and the ability to import data from Excel are also covered. The document serves as training material for the 100 hour Information Technology certification from the Institute of Chartered Accountants of India and outlines the basic functions and capabilities of the Tally accounting software.

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navjotsingh_nanua
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3K views42 pages

Tally Project

This document provides an overview of using the accounting software Tally. It discusses creating a company in Tally, setting up accounts and ledgers, entering transactions through vouchers, and generating key reports. Configuration features and the ability to import data from Excel are also covered. The document serves as training material for the 100 hour Information Technology certification from the Institute of Chartered Accountants of India and outlines the basic functions and capabilities of the Tally accounting software.

Uploaded by

navjotsingh_nanua
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
  • Introduction of Tally: Introduces the Tally software package, explaining its role as a complete accounting package.
  • Principles of Accounting: Explains basic accounting principles and the importance of systematic financial recordkeeping.
  • Version of Tally: Details various versions of Tally, highlighting features of each version such as inventory management and taxation capabilities.
  • Creation Of Company: Provides instructions for creating a new company in Tally, including menu navigation and data entry fields.
  • Voucher entry's: Describes the process of entering vouchers in Tally, including setup of accounting charts and transaction information.
  • Configuration features (F11 AND F12): Discusses configuration features in Tally used to customize voucher entry settings and other system options.
  • Books of Accounts---Reports: Lists financial reports available in Tally including trading, profit & loss statements, and balance sheets.
  • Other Reports: Covers additional reports such as sales register, purchase register, and day book available in Tally.
  • How to Import Data?: Explains the procedure for importing data between companies in Tally, ensuring seamless data transfer.

SUBMITTED

IN FULFILMENT OF THE REQUIREMENTS FOR



100 Hours Information Technology Training
THE INSTITUTE OF CHARTERED
ACCOUNTANTS OF INDIA




.

CONTENTS
Introduction of Tally
Principles of Accounting
Version of Tally
Creation Of Company
Selection Of Company
Voucher entry's
Configuration features(F11 AND F12)
Books of Accounts----Reports
Other Reports
How to Import Data?

accounting
transactions. Its
GUI, provided by
Windows.
Tally is a complete Accounting
Package
used for entering
PRINCIPLES OF ACCOUNTING
Its the art of systematic recording, classifying,
summarizing in a significant manner and in terms of
money, transactions, and events which are, in part at
least, of financial character, and interpreting the
results thereof.
Only financial aspects are considered, which brings
some change in financial position of a business.

VERSIONS OF TALLY
4.5 : DOS based, Accounts only.
5.4 : Window based accounts with inventory.
6.3 : 5.4 with online finalization, auditing and
import and export feature.
7.2 : 6.3 with VAT, TDS and service tax.
8.1 : 7.2 with FBT and excise duty.
9.0 : 8.1 with Excise for Dealers, Payroll,
FBT,
TDS, e-TDS filing facility multi language
and extra formatting feature.

Steps to start
Create Company
Master Creation : ledgers and vouchers
creation.
Transaction : entry of voucher.
Reports : auto created by tally.
Import : data import from excel to tally.

Creating a New Company
Company Information Menu
The right half of the Gateway of
Tally area displays the company
info. Menu
This menu has following five
options:
Select Company
Create Company
Back up
Restore
Quit
Name
Mailing name, address
Email address
Income tax number, sales
tax number
local/interstate)
Currency symbol
Maintain ( accounts
only/inventory
only/both)
Financial year
Books beginning from
Tally vault password
Security control
Base currency
information
Accept/reject

Alteration : A created companys detail can be modified at a later
time through keys Alt+[F3] or choosing the Alter option from
gateway of tally. A company has been successfully created with the
above information
Selection Of Period
The period in
which user
Wants to work
Setting up account heads
You have to setup an
accounting chart for the
company.
Creating Master Accounts,
you can create master for both
accounts and inventory by
providing information
regarding both accounts and
inventory. We will start from
creating account masters.
Account Information
In order to work on the master
of accounts of a company, first
activate the desired company
then Gateway of Tally menu
appear on the screen.

GROUPS
During manual
accounting the accounts
(ledger) are grouped
upon preparation of
Trial Balance to prepare
Profit & Loss account
and Balance Sheet
which reflect the final
accounts of the
company. In tally the
concept remains
analogous. Following
screen will appears
when you select Group
option.

Single Group option is useful when you wish to work on one
group at a time. Multiple saves time and labour and is useful
to work on sub-groups.
Accounts
Info
Ledgers
Create
Display
Alter
LEDGER PREPARATION


TALLY VOUCHERS
Recording and analyzing
are easy for different
types of transactions.



Tally by default provides
16 types of predefined
vouchers are unable to
fulfill requirements then
Tally also gives you a
provision to alter these
existing types according
to you need.
They pertain to both
accounting and
inventory.
Some vouchers can be
used differently
according to the
situation.
Different vouchers are
created for data entry
purpose.
It can be customize as
per the requirement.
Accounting Vouchers in tally is the most visited area by the
user and is key to all business information.

A voucher (also called a journal) is a document containing
the details of transaction.

For every transaction, you enter a voucher in Tally.

The option at the Gateway of Tally Accounting Vouchers
enables you to make your day-to-day entries.

On the left hand side of the screen a menu will display, from
which you can change type of voucher.
Cr the giver
Vat value
Purchase Voucher
Change of voucher date
Click F2 to change
voucher date.
Press F11 and
select yes for the
required options
By using key F12 i.e. configuration setting one
can customize the voucher entry
Tally - Books of Accounts Reports
1. Trading and Profit & loss statement
2. Balance sheet
3. Cash flow statement
4. Ratio analysis
5. Funds flow statement

1. Trading and Profit and loss account
2. Balance sheet


3. Cash Flow Statement
4. Ratio analysis
5. Funds flow Statement
Other Reports
# Sales Register
# Purchase Register
# Day Book

SALES REGISTER
Day Book
Import of data from one company to another
created within tally happens seamlessly.

SUBMITTED IN FULFILMENT OF THE REQUIREMENTS FOR 100 Hours Information Technology Training THE INSTITUTE O
PROJECT
NAME : Ashish Mathur ROLL NO. : 32 BATCH : 3 TIMINGS : 03.00Pm - 07.00Pm
CONTENTS Introduction of Tally Principles of Accounting Version of Tally Creation Of Company Selection Of Company Vouch
INTRODUCTION accounting transactions. Its GUI, provided by Windows. Tally is a complete Accounting Package used
PRINCIPLES OF ACCOUNTING It’s the art of systematic recording, classifying, summarizing in a significant manner and in t
VERSIONS OF TALLY 4.5 : DOS based, Accounts only. 5.4 : Window based accounts with inventory. 6.3 : 5.4 with online finali
Steps to start TALLY Create Company Master Creation : ledgers and vouchers creation. Transaction : entry of voucher. Reports
Creating a New Company • Company Information Menu • The right half of the Gateway of Tally area displays the company inf

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