Tally
Accounting Package
UNIT - 1
Objectives of this session
Introduction
General Features of Tally
Getting Started with Tally
Create Company
Company Info
Role of Buttons
Introduction
You have already known how to maintain
accounts manually.
Tally is an accounting package which is used for
maintaining your accounts electronically.
General Features of Tally
It maintains all the primary books of accounts,
like Cash Book and Bank Book.
Tally maintains all registers like Purchase
Register, Sales Registers and Journal Registers.
Tally maintains all statement of accounts like
Balance Sheet, Profit and Loss and Trial
Balance, Cash Flow and Stock Statement.
General Features of Tallycontinue …
A Tally can maintain ‘Outstanding Reports’.
It may provide complete bill-wise information
of amounts receivable as well as payable either
party-wise or group-wise.
It can provide a report for a particular date or
reports for any range of dates.
General Features of Tallycontinue …
It provides the facility of Bank Reconciliation.
Getting Started with Tally
On the home page of Tally screen ‘Create Company’ option
is available under the title ‘Company Info’.
Create Company
On the home page of Tally screen ‘Create Company’ option
is available under the title ‘Company Info’.
To create the company you
would click at ‘Create
Company’ option
Create Company continue …
On the home page of Tally screen ‘Create Company’ option
is available under the title ‘Company Info’.
To create the company you
would click at ‘Create
Company’ option
A new window will
appear with various
items on the screen.
Create Company continue …
When you click at ‘Create Company’ option, a new
window will appear with various items on the
screen.
Some important ones are discussed below:
Name: Type the name of the company you want to create.
Mailing Name: The mailing name by default is the same as
the name mentioned above. You can type some other
mailing name of the company.
Address: Type mailing address of the company. There is no
limit on the number if lines used.
Create Company continue …
Maintain: In Tally accounts can be maintained in a two
different ways:
Accounts Only
Accounts-with-inventory
Use Security Control: This option provides security control
to your company accounts by offering a comprehensive
pass-based access control.
After filling all the required information press enter. A new
window will appear asking for confirmation.
For acceptance press ‘Y’.
Create Company continue …
The next window is as follow :
Company Info
Once you get your company created, the heading
‘Company Info’ has a content of some new options.
These options are as follows:
Select Company: This option permits you to load any
company, which was created earlier, from the list of
companies listed.
Shut Company: It allows you to exit, from the companies
not in use, from the dialog box.
Create Company: (same as done above under same
heading).
Company Info continue …
Alter: It allows you to change the information of an existing
company filled at the time of creation of the company.
Change Tally Vault: To change the password, given earlier at
the time of creating the company.
Split Company Data: Split the companies to form two
companies out of the existing one; after the data specify by the
user. In this process the closing balance of the first company
will become the opening balance of the second company.
Backup/ Restore: This option allows the user to take a
backup either on local hard disk or on any external media. The
backup of one or more companies can be taken under a single
directory.
Role of Buttons
The right hand screen area of Tally contains
buttons; they perform various useful functions.
Role of Buttons continue …
The right hand screen area of Tally contains
buttons; they perform various useful functions.
F1 : Select Cmp ─ It enables user to select
company(s) and add them to the list of active
companies.
Role of Buttons continue …
The right hand screen area of Tally contains
buttons; they perform various useful functions.
F1 : Select Cmp ─ It enables user to select
company(s) and add them to the list of active
companies.
F1 : Shut Cmp ─ It enables the user to shut or exit the
selected company from the list of active companies
list.
Role of Buttons continue …
The right hand screen area of Tally contains
buttons; they perform various useful functions.
F1 : Select Cmp ─ It enables user to select
company(s) and add them to the list of active
companies.
F1 : Shut Cmp ─ It enables the user to shut or exit the
selected company from the list of active companies
list.
F11 : Features ─ This enables user to set some
options related to:
• Company features
• Accounting Features
• Inventory Features
Thank You
Learners Support Publications
www.lsp4you.com
