TALLY PRIME NOTES

Introduction of Tally
Software Developer Tally Solution Pvt. LTD.
Work from 1988 to 2011

Version Tally 4.5

Tally 5.4
Tally 6.3
Tally 7.2
Tally 8.1
Tally 9.0
Prime Tally

Type of Software
• Educational Software :- Its Demo purpose and study purpose
(We can fill only 1st and 2nd date of month)
• SILVER EDITION MODE( single User)
• GOLD EDITION MODE( Unlimited Use.)
• Professional Software :- License Copy of Tally Software

Use of Tally

ERP Stands for: Enterprise Resource Planning

Tally accounting is used to summarize record of all the transactions relating to
every person, every things of property and every type of records.

Company’s Financial Year: 1st April to 31st March

Golden Accounting Rules

SOLAPUR
• Personal A/c :- Name of persons, banks, firms comes under Personal
a/c

For Example: - Mr. Ram, HDFC Bank A/c

Bank of Maharashtra, Tata Motor.

• Real A/c :-
For Example: - Cash A/c
Material A/c
Goods A/c (Purchase, sales, return)
Any fixed or current assets

• Nominal A/c :-

Commission Received A/c

Traveling Expenses
M.S.E. B. Bill
•
For Example: - Salary paid A/c

Personal Real account Nominal

account account
DEBIT The Receiver What Comes All Losses &
(sundry IN Expenses
Debtor)
CREDIT The Giver/ What Goes All Incomes
Given OUT & Gains
(sundry
Creditor)

SOLAPUR
Group Introduction Direct expenses

 Freight.
 Carriage inward.
 Wages.
 Factory expenses.
 Oil and fuel expense.
 Royalty on production.
 Clearing and port charges.
 freight and Octori Indirect expenses
 Accounting, audit, and legal fees.
 Business permits.
 Office expenses.
 Rent.
 Supervisor salaries.
 Telephone expense.
 Utilities

What are the direct and indirect expenses?

 Direct expense :

Direct expense is an expense incurred that varies directly with changes in the
volume of a cost object. A cost object is any item for which you are measuring
expenses, such as products, product lines, services, sales regions, employees,
and customers. ... The materials used to construct a product for sale.

 Direct Income –

Direct income is one which is earned directly by way of business activities. ...
Indirect income is one which is earned by way of non-business activities. For
example, sale of old newspapers, sale of carton boxes, etc

SOLAPUR
  Indirect income

Indirect income is one which is earned by way of non-business activities. For

example, sale of old newspapers, sale of carton boxes, etc. ... Indirect income is
one which is earned by way of non-business activities.

 Indirect expenses

Indirect expenses are those expenses that are incurred to operate a business
as a whole or a segment of a business, and so cannot be directly associated
with a cost object, such as a product, service, or customer. A cost object is any
item for which you are separately measuring costs. ... Office expenses

 Sundry Creditors -

The term "Sundry" usually refers small or infrequent customers/companies

that are not assigned individual ledger accounts but are classified as a group.
Sundry debtors are such small entities that owe the company money. Sundry
creditors are such small entities that the company owes money to.

 Sundry Debtor:-

Sundry can mean various, miscellaneous, or diverse. Sundry debtors might

refer to a company's customers who rarely make purchases on credit and the
amounts they purchase are not significant. I suspect that the term sundry was
more common when bookkeeping was a manual task.

 Current assets

In accounting, a current asset is any asset which can reasonably be expected to

be sold, consumed, or exhausted through the normal operations of a business
within the current fiscal year or operating cycle

 Fixed assets

SOLAPUR
A fixed asset is a long-term tangible piece of property that a firm owns and
uses in its operations to generate income. Fixed assets are not expected to be
consumed or converted into cash within a year. Fixed assets are known as
property, plant, and equipment (PP&E). They a

Ledger creation:
Path:

Gateway of Tally ---->> Create (I) ---->> Ledger (L)

Examples:
Ledger Group
Capital Capital account
Bank Bank account
Purchase Purchase account
Anil Sundry Creditor
Chandan Sundry Creditor
Harish Sundry Creditor
Purchase return Purchase account
Naveen Sundry Creditor
Sales Sales account
Gupta Sundry debtor
Commission Indirect expenses
Wages Direct expenses
Drawings Capital account
Manju Sundry Creditor
Anand Sundry Creditor

SOLAPUR
Ledger and their related groups are given as under:
Ledger Group
Opening stock Stock in hand
Purchase Purchase account
Purchase return Purchase account
Fright charges Direct expenses
Carriage inwards or Purchases Direct expenses
Cartage and coolie Direct expenses
Factory charges Direct expenses
Manufacturing wages Direct expenses
Coal, gas, water Direct expenses
Oil and fuel Direct expenses
Factory rent, insurance, electricity, lighting Direct expenses
and heating
Sales Sales account
Salary Indirect expenses
Postage and telegrams Indirect expenses
Telephone charges Indirect expenses
Rent paid Indirect expenses
Rates and taxes Indirect expenses
Insurance Indirect expenses
Audit fees Indirect expenses
Interest on bank loan Indirect expenses
Interest on loans paid Indirect expenses
Bank charges Indirect expenses
Legal charges Indirect expenses
Printing and stationery Indirect expenses
General expenses Indirect expenses
Sundry expenses Indirect expenses
Discount allowed Indirect expenses
Carriage outwards or sales Indirect expenses
Traveling expenses Indirect expenses
Advertisement Indirect expenses

SOLAPUR
Bad debts Indirect expenses
Repair renewals Indirect expenses
Motor expenses Indirect expenses
Depreciation on assets Indirect expenses
Interest on investment received Indirect income
Interest on deposit received Indirect income
Interest on loans received Indirect income
Commission received Indirect income
Discount received Indirect income
Rent received Indirect income
Dividend received Indirect income
Bad debts recovered Indirect income
Profit by sale of assets Indirect income
Sundry income Indirect income
Loan from other. Loan Liabilities
Bank loan Loan Liabilities
Bank overdraft Bank OD
Bills payable Current Liabilities
Sundry creditor. Sundry creditor.
Mortgage loans Secured loans
Expense outstanding Current Liabilities
Income received in advance Current Liabilities
Other liabilities Current Liabilities
Capital Capital account
Drawings Capital account
Cash in hand Cash in hand
Cash at bank Bank account
Fixed deposit at bank Deposit
Investments Investments
Bills receivable Current asset
Sundry debtor. Sundry debtor.
Closing stock Stock in hand
Stock of stationery Current asset
Loose tools Fixed asset
Fixtures and fittings Fixed asset
Furniture Fixed asset

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Motor vehicles Fixed asset
Plant and machinery Fixed asset
Land and building Fixed asset
Leasehold property Fixed asset
Patents Fixed asset
Goodwill Fixed asset
Prepaid expenses Current asset
Income outstanding Current asset

Accounting voucher:

• Purchase (F9) :-

Any transaction are related to purchases good on cash or on credit that transaction
entry will be pass in purchase voucher.

Example: - 1) Purchase goods . 4,000/- by cash.

Goods ___ real ____ Comes in………Dr

Cash ___ real ____ Goes Out………Cr

• Purchase good . 4,000/- on credit from Mr. Umesh.

Goods ___ real______ Comes in…….Dr.
Umesh___personal____giver________Cr.

• Sales (F8) :-

“Ctrl + V” Any transactions are related to sales goods on cash or on credit that
transaction entry will be pass in sales voucher.

Example: - 1) Sales good . 1,000/- by on credit

Goods ______ Real a/c _______ Goes Out……….Cr.
Cash ________ Real a/c _______ Comes In………Dr.

SOLAPUR
 2) Sold goods . 1,500/- Joshi on credit.
Goods _____ Real ________ Goes Out ………….Cr.
Joshi ______ Pe.onal _____ Receiver ………….Dr.

• Contra (F4) :-

Any transaction is directly related to cash and Bank that transaction entry will be
saving in Contra Vouche. always debits side and Bank A/c.
Example: - 1) Cash deposit into Bank
Cash ____Real _____Goes out _____Cr.
Bank ____ Pe.onal ____Receiver ____ Dr.

2) Cash withdraw from Bank

Cash ____ Real _____ Comes in …………Dr.
Bank ____ Pe.onal ____ Giver ………….Cr.

• Payment (F5) :-

Any transaction is related to cash and Bank PAYMENT that transaction entry will be
passing in payment will be credited.

Example:-1). Paid Salary . 25,000/- to Mr. Amit.

Salary _______ Nominal A/c ______ Indirect Exp. _____ Dr.
Cash _________ Real a/c __________ Goes out _________Cr.

2). Paid Cash . 5,000/- to Sachin.

Sachin _______ Pe.onal a/c ______ Receiver _______ Dr.
Cash __________Real a/c _________ Goes out _______ Cr.

• Receipt (F6) :-

Any transaction is related to cash and Bank (Cheque) RECEIVES that transaction
entry will be passing in receipt voucher always cash or Bank A/c will be debited.

Example :- 1)Received . 10,000/- from Mr. Vishal

Cash ______ Real _____ Comes in ______Dr.
Vishal ______ Pe.onal______ giver ____ Cr.
2)Received commission . 2,000/- by cash.
Commission ____ Nominal _____ indirect income _____ Cr.

SOLAPUR
 Cash ___________ Real ______ Comes In _______ Dr.

• Journal (F7) :-

Any transaction is not related to cash, Bank and related to adjustment entries that
transaction entry will be pass in journal.
Example :- 1) Purchase Return
• 2) Sales Return
A) Bill Receivable
Bills receivable from Ram.
Bills receivable _______ Current asset ____ Dr.
Ram _____ personal ______ Giver _______ Cr.
• Bill payable
Bills Payable _________ Current Liability _____ Cr.
Ram ______________ Pe.onal _________ Receiver _____ Dr.

• Debit note: (Alt + f5): transaction of purchase return

• Credit note: (Alt + f6) : transaction of sales return

CONTRA VOUCHER (F4)

All cash and bank transactions will be made in Contra Voucher.

1) Deposited into Bank/ Bank of India of Rs-5000/-

Ledger: GOT- accounts info------ ledgers------create

a) Cash a/c

Under: Cash-in-hand

b) Bank a/c/ Bank of India

Under: Bank accounts

Entry: Contra F4

SOLAPUR
Cr. Cash

Dr. Bank/ Bank of India

2) Cash withdrawn from Bank of Maharashtra of Rs--2000/-

Ledger: a) Cash

Under: Cash-in-hand

b) Bank of Maharashtra

Under: Bank accounts

Entry: Contra F4

Cr. Bank of Maharashtra

Dr. Cash

Solve the following problems:

• Opened a current account into Bank of India by depositing .-2000/-

• Deposited cash into Dena bank of Rs--10000/-

• Withdrawn from Bank of Rs--5000 for personal use.

• Withdrawn cash from Bank of Maharashtra of Rs--2000/-

• Deposited cash into Bank of Rs--5000/-

• Ramesh deposited cash into bank of Maharashtra of Rs--8000/-

• Cash withdrawn by Suresh of Rs--7589 from Bank of Baroda.

• Opening a saving a/c in the bank of Maharashtra by deposited of Rs- 600/-

• Deposited in to bank of Rs- 3000.

• Withdraw from bank of Rs- 1000.

SOLAPUR
• Deposited in to bank of Rs- 8000.

• Withdraw from bank of Rs- 2000.

• Deposited in to bank of Rs- 7000.

• Withdraw from bank of Rs- 5000.

• Deposited in to bank of Rs- 15000.

• Withdraw from bank of Rs- 5000.

• Deposited in to bank of Rs- 15000.

PAYMENT VOUCHER (F5)

• Paid cash to Ravi of Rs--5700/-

Ledger: a) Cash

Under: cash-in-hand

b) Ravi

Under: Sundry Creditor

Entry:

DR. Ravi

CR. Cash

• Paid salary of Rs--5000/-

Ledger: a) Cash

Under: cash-in-hand

b) Salary

Under: Indirect expenses

SOLAPUR
 Entry:

DR. Salary

CR. Cash

Solve the following problems

• Paid salary of Rs--5000/-

• Paid electricity charges of Rs--750/-

• Paid for postage and telegram of Rs--8900/-

• Paid Audit fees of Rs--1500/-

• Paid interest on bank loan of Rs--750/-

• Paid Depreciation on furniture of Rs--875/-

• Paid travelling expenses of Rs--1200/-

• Paid for Printing and stationary of Rs--4500/-

• Paid insurance premium of Rs--1250/-

• Paid advertisement expenses of Rs--7890/-

• Paid rates and taxes of Rs--7500/-

• Paid telephone charges of Rs--9500/-

• Interest on loan paid of Rs--7850/-

• Cash paid to Ravi of Rs--7850/-

• Paid depreciation on machinery of Rs--750/-

• Cash paid to Ravi Shankar of Rs- 6000.

• Paid salary of Rs- 25000.

SOLAPUR
 • Paid office expenses of Rs- 2500.

• Paid LIC premium of Rs- 5000.

• Paid telephone bill of Rs- 3500.

• Paid travelling expenses of Rs- 2000.

• Paid interest and commission to Pramod of Rs- 2500& 3000 respectively.

• Paid municipal tax of Rs- 2500.

• Paid electricity bill of Rs- 2500.

• Cash paid to Lalu of Rs- 25000.

• Cash paid to saraswati book depo of Rs- 1000.

Cash paid to mudra compute. Of Rs-6000

RECEIPT VOUCHER (F6)

Any transaction is related to cash and Bank (Cheque) RECEIVES that

transaction entry will be passing in receipt voucher always cash or Bank A/c
will be debited.

Started business entry will pass in this voucher

• Mr. Joshi started business with cash of -40000, furniture of =45000 and
building of -150000/-

Ledger: a) Joshi’s Capital a/c

Under: Capital a/c

b) Cash Under: cash-in-hand

c) Fur006Eiture

SOLAPUR
 Under: Fixed Asset

d) Building

Under: Fixed Asset

Entry:

CR. Joshi’s Capital a/c

DR. Cash

DR. Furniture

DR. Building

• Cash received from Ramesh of Rs--2000/-

Ledger: a) Cash

Under: Cash-in-hand

b) Ramesh

Under: Sundry debtor

Entry: Receipt F6

Dr. Cash 2000

Cr. Ramesh 2000

• Interest received of Rs--5000/-

Ledger: a) cash

Under: cash-in-hand

b) Interest received

Under: Indirect Income

SOLAPUR
 Entry

Dr. Cash

Cr. Interest

Solve the following problems:

• Mr. Jay started business with cash of -45000, furniture -75000/- and
building of -200000/-

• Mr. Ganesh started his business with building and furniture of -275000/-,
cash of Rs-25000/-

• Miss. Jaya Started business with cash, furniture, equipment of -30000,

76000 and 10000/-

• Cash received from Dinesh of Rs--5000/-

• Cheque received from Karthik of Rs--7500/-

• Interest received of Rs--7850/-

• Commission received of Rs--8560/-

• Dividend received of Rs--4580/-

• Cash received of Rs- 8000 from patil and sons.

• Cheque received of Rs- 10000 from lalita surana.

• Cash received of Rs- 7500 from sager.

• Bills received of Rs- 8000 from Sonia.

• Cash received of Rs- 25600 from sneha.

• Cheqddue received of Rs- 105000 from subhash&company.

• Cash received from Mohan joshi of Rs- 56900 on cash.

SOLAPUR
 • Cheque received from shree of Rs-1500.

• Cheque received of Rs- 100000 from satpute trade.

• Cheque received from Manish Mehta of Rs- 31280.

• Bills received of Rs-105000 from mothoot finance.

• Discount received of Rs--500/-

• Interest on deposit received of Rs--4500/-

• Interest on loans received of Rs--750/-

• Interest on investment received of Rs--8750/-

JOURNAL VOUCHER (F7)

Purchased machinery or any fixed asset from anyone on credit then it entry
will be passed in Journal Voucher. Or any receivables and payables entry will
pass in this voucher.

• Bills receivable of -7500/- from Suvarna.

Ledger: a) Bills receivable

Under: Current Assets

b) Suvarna

Under: Sundry Debtor

Entry:

Dr. Bills receivable

Cr. Suvarna

• Bills Payable to Mr. Sachin of - 2500/-

SOLAPUR
 Ledger: a) Bills Payable

Under: Current Liabilities

b) Sachin

Under: Sundry creditor

Entry:

Dr. Sachin

Cr: Bills Payable

Purchased machinery from Mahesh of -75000/-

Ledger: a) Machinery a/c

Under: Fixed Asset

B) Mahesh

Under: Sundry Creditor

Entry:

Dr. Machinery

Cr. Mahesh

Solve the following problems:

• Purchased machinery from David of -8000/-

• Purchased Furniture and Fixtures of -5000 & 7000/-Vikas traders.

• Bills receivable from Karthik of - 5700/-

• Bills payable to Sandeep of -4560/-

SOLAPUR
 • Purchased building of -110000/- from David

• Purchased machinery from kirloskar&company of Rs- 55 000.

• Purchased building from bajaj&company of Rs- 45000.

• Purchased land from birla& sons of Rs- 35000.

• Purchased compute from mudra sales of Rs- 25000/-

• Purchased plant from Lhp Company of Rs- 15000/-

• Bills receivable of -50000 from Ajay.

• Bills payable to Sachin of -78000/-

• Bills receivable for printing and stationary of -750/-

• Bills payable of -7800/-to Mahidra finance.

Inventory
Inventory is an accounting term that refers to goods that are in various stages
of being made ready for sale, including: Finished goods (that are available to be
sold) Work-in-progress (meaning in the process of being made) Raw materials
(to be used to produce more finished goods)

Stock
Stock Group. ... You can group Stock Items under different Stock Groups to
reflect their classification based on some common features such as brand
name, product type, quality, and so on. Grouping enables you to locate Stock
Items easily and report their details in statements.

We can create stock items by using Inventory. To create stock items follow the
points given below:

1) Stock Group:

SOLAPUR
 Gateway of Tally ------ >>.Create ---- >> Stock Group ------ >> Create
Name : Electronics

Under : Primary

Accept

Eg.

Electronics, stationary,vehicles, liquid, grains, garments

2) Units of Measurement

Gateway of Tally ------- >> Inventory Info ------- >> Units of Measure ------ >>
Create

Symbol: no.

Formal Name: Number

Decimal Points: 0

Accept

Eg. No., pcs, kg, ltr, tn

Formal name:number, pieces, kilogram, litre, tonne

3) Stock Item:

Gateway of Tally ----- >> Inventory Info ----- >> Stock Item ------>> Create

Name: Mobile

Under: Electronics ( select Group)

Unit: no.(select Unit)

Accept

Eg. Books, pen, pencils, laptop, fridge, computer, CPU, keyboard, bike, car,

• Cotton cloths

SOLAPUR
• SALES VOUCHER (F8)

• Sold car to Megha of Rs--10, 00,000/-

• Ledger: a) Sales A/c

• Under: Sales account

• b) Megha

• Under: Sundry Debtor

• Entry:

• Party Name: Megha

• Sales Ledger: Sales account

• Name of Item quantity rate Amount

• Car 100000

• Solve following problems:

• Sold goods to Krishna of Rs-- 10000/-

• Sold camera to Mohan of Rs--8000/-

• Sold following goods to Shruti:

• 2 Apple Mobile@30000 each

• 3 Laptop@45000 each

SOLAPUR
• Sold goods to Patil & sons of Rs- 8000 on credit.

• Sold Samsung TV to Lalita Khorana of Rs-10000 on credit.

• Sold fridge to sager of Rs- 7500 on credit.

• Sold mobile to Sonia of Rs- 8000 on credit.

• Sold laptop to sneha of Rs- 25600 on credit.

• Sold land and building to subhash & company of Rs- 105000 on credit.

• Sold machinery to LHP Company of Rs- 222000 on credit.

• Sold old innova motor to Harish Mehta of Rs- 850000 on credit.

• Sold old furniture to moothut finance of Rs- 105000 on credit.

• Sold wheat & sugar to satpute trade. of Rs- 100000 on credit.

PURCHASE VOUCHER (F9)

Purchases:

1) By Cash

2) By cheque

3) On Credit

By Cash

SOLAPUR
1) Purchased Goods of Rs--25000/-

Ledger:

Gateway of Tally >> Accounting info >> ledger >> Create

a) Purchase a/c
Under: Purchase account
b) Cash
Under: Cash-in-hand

For entry:
G.O.T >> Accounting Voucher >> F9
Press ctrl+H

Entry: Purchase Voucher: F9

Cr. Cash

Dr. Purchase a/c

If Stock item is given then press CTRL+H

Party name: Cash

Purchase ledger: Purchase a/c

Name of Item

Laptop 40000

Narration

Solve following Problems:

• Purchased goods of Rs--2000/-

SOLAPUR
 • Purchased laptop of Rs--40000/-

• Purchased bike of Rs--65000/-

• Purchased computer of Rs--12000/-

• Purchased fridge of Rs--10000/-

ON CREDIT

1) Purchased mobile of Rs--10000 from Rahul on credit.

Ledger: a) Purchase a/c

Under: purchase a/c

b) Rahul

Under: Sundry Creditor

Entry: Purchase Voucher: F9

Party Name: Rahul

Purchase ledger: Purchase Account

Name of Item quantity rate Amount

Mobile 10000

If Stock item is given then press CTRL+V

Entry

Cr. Party name

Dr. Purchase a/c

Solve the following problems:

SOLAPUR
• Purchased laptop of Rs--25000/- from Dinesh on credit.

• Purchased following items from Ravi on Credit.

• 20 Pens@ 10 each

• 15 Big Exercise Book@40 each

• 2 Laptop@40000 each

• Purchase following computer Items from Sam on Credit

• 5 LG Monitor@5000 each

• 2 CPU@6000 each

• 5 Key board@500 each

• Purchased type writer from Roy of Rs--8000 on Credit.

• Purchased goods from Ajay of Rs-- 75000 on credit.

• Purchased Samsung TV on credit from Ramesh of Rs--25000/- .

• Purchased FAN on credit of Rs- 1850 from SUBHASH.

• Purchased goods on credit of Rs- 10000 from Mahesh.

• Purchased Compaq laptop on credit of Rs- 45000 from ANIL.

• Purchased Books on credit of Rs- 1000 from Saraswati book depo.

• Purchased Apple mobile on credit of Rs- 30250 from Mudra mobile shops.

• Purchased hero honda bike on credit of Rs-

80000 from Laxmi automobile.

• Purchased fridge on credit of Rs- 12500 from AMOL ELECTRONICS.

• Purchased C.P.U. on credit of Rs- 18900 from GURUMAHARAJ COMPUTE.

SOLAPUR
• Purchased keyboard on credit of Rs- 6000 from MUDRA COMPUTE.

DEBIT NOTE Alt+F5

If we purchased some goods and if we have lots of stock of this product then
we returns some of goods to seller then this entry will passed in Debit Note.

It Used for only PURCHASE RETURN.

Goods returned to Mahesh of - 7500/-

Ledger: a) Purchase Return a/c

Under: Purchase a/c

b) Mahesh:

Under: Sundry Creditor

Entry: Debit Note

CR. Purchase Return

DR. Mahesh

Solve the following problems:

• Returned goods to Dinesh of -8650/-

• Returned Samsung TV to Karthik of -7850/-

• Returned goods to Ravi of -9850/-

• Returned books to Mr. Vikas of -250/-

• Goods returned to Ravi Shankar of Rs. 3000.

• Samsung TV returned to Lalu of Rs. 25000.

• Fan returned to subhash&company of Rs. 1850.

SOLAPUR
• Goods returned to Mahesh of Rs. 3000.

• Apple mobile returned to mudra mobile shopee of Rs. 30250.

• CPU returned to gurumaharaj computer of -18900.

• Compaq laptop returned to Anil Ambany of - 45000.

• Returned following goods to Ramesh:

• 20small exercise book@50 each

• 15 Medium exercise book@60 each

• 10 Large exercise book@70 each

• 7 drawing book@40 each

• Returned following items to Sanket:

• 5keyboards@500 each

• 4 Mouse@400 each

• 3 monitor@5000 each

• 3 CPU@3000 each

• Returned apple and Samsung mobile to Lalita of Rs-30000 and 15000/-

CREDIT NOTE Alt+F6

If we sold goods to someone and they returned some goods of them then this
entry will passed in Credit Note.

This Voucher entry is always used to Pass SALES RETURN entries.

• Goods returned by Ramesh of Rs-2000/-

Ledger: a) Sales Return a/c

SOLAPUR
 Under: Sales account

b) Ramesh

Under: Sundry Debtors

Entry:

DR. Sales Return

CR. Ramesh

Solve the following problems:

• Goods returned by Ajay of Rs-4500/-

• Samsung TV and LCD returned by Mahesh of Rs-10000& 25000/-

• Following goods returned by Karthik:

• 20shirt@500 each

• 40 T-shirt@600 each

• 15 Jackets@700 each

• Goods returned by Patil & Sons of Rs.2500/-

• Samsung TV returned by Lalita Surana of rs.10000.

• Fridge returned by Sagar of rs.7500.

• Mobile returned by Sonia of rs.8000.

• Laptop returned by sneha of rs.25600.

• Returned following goods by Ramesh:

• 20small exercise book@50 each

• 15 Medium exercise book@60 each

• 10 Large exercise book@70 each

SOLAPUR
 • 7 drawing book@40 each

• Returned following items by Sanket:

• 5keyboards@500 each

• 4 Mouse@400 each

• 3 monitor@5000 each

• 3 CPU@3000 each

• Returned apple and Samsung mobile by Lalita of Rs-30000 and 15000/-

• Goods returned to Ravi Shankar of Rs-5000.

• Samsung TV returned to Lalu of Rs. 25000.

• Fan returned to subhash&company of Rs. 1850.

• Goods returned to Mahesh of Rs. 3000.

• Apple mobile returned to mudra mobile shopee of Rs. 30250.

Combine problems:
EXERCISE 1
1/4/2008 Started business with cash Mr. Joshi Rs. 25,000/- Furniture Rs.
20,000/- and building Rs. 1, 55,000/-
2/4/2008 Purchased goods from Mandar for Rs. 10,000/-
2/4/2008 Sold good to Tom for Rs. 12,000/-
4/4/2010 Purchased goods from Dixit on credit Rs. 5,000/-
4/4/2008 Sold goods to Sam on Credit Rs. 7,000/-
7/4/2008 Purchased Machinery for cash Rs. 10,000/-
7/4/2008 Opened Bank account in Bank of India with depositing Rs. 5,000/-
10/4/2008 Taken a loan Janta Bank Rs. 1, 50,000/-
12/4/2008 Purchased goods from X in Credit Rs. 10,000/-

SOLAPUR
13/4/2008 Sold goods to Y in credit Rs. 15,000/-
15/4/2008 Received Bill Receivable from Y Rs. 15,000/-
16/4/2008 Issued Bill Payable to X Rs. 10,000/-
20/4/2008 Returned goods to Mandar Rs. 1,000/-
21/4/2008 Received goods returned by Sam Rs. 2,000/-
23/4/2008 Withdraw from Bank Rs. 2,000/-
24/4/2008 Paid Salary Rs. 4,000/- and wages Rs. 2,000/- in cash.
27/4/2008 Received commission Rs. 3,333/-
28/4/2008 Paid electricity charges by cheque Rs. 1,000/-

EXERCISE 2

2/2/2002 paid Cash of Rs. 7,000/-to Sachin

4/2/2002 Paid info the bank Rs. 2,000/-
9/2/2002 Cash purchases Rs. 3,000/-
5/2/2002 Paid bills Rs. 50/-
6/2/2002 Received from Govindrao Rs. 5,000/-
8/2/2002 Cash sales Rs. 7,000/-
6/2/2002 Received commission Rs. 150/-
8/2/2002 Sold goods for cash Rs. 5,000/-
9/2/2002 Purchased goods on Cash Rs. 1, 00/-
4/2/2002 Withdraw Rs.1, 000/- from the bank for office use.
9/2/2002 Purchased old typewriter for Rs. 500/- for officer.
8/2/2002 Ajay sold his old car Rs. 5,000/- and invested some into the
business.
7/2/2002 Withdraw for personal use Rs. 1,000/-
5/2/2002 Paid for salary Rs. 200/- and for printing and stationary Rs.25/-
6/2/2002 Received interest Rs. 125/- and dividend Rs. 100/-

EXERCISE 3

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 • Purchased goods from Rupali worth Rs. 5000/- less 10% TD.

Ledger:

• Purchase account

Under: Purchase account

• Cash

• Discount received= indirect income

Calculate discount

5000*10% or 5000*10/100 =500 >> 5000-

500(discount)=4500

Entry:

Party Name: Rupali

Purchase Ledger: Purchase a/c

Name of Item:

Goods 5000

Discount Received: -500

4500

• Sold goods worth Rs. 8000/- to Deepali of 10% CD.

Ledger:

• Sales account

• Cash

• Discount allowed:indirect Expenses

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Calculate discount

8000*10% or 8000*10/100 =800 >> 8000-800=7200

Discount=800

Entry:

Party Name: Deepali

Sales Ledger:Sales a/c

Name of Item

Goods:

2/5/2001 Started Business with cash Rs. 50,000/- Furniture Rs. 15000/-
3/5/2001 Deposited into Bank Rs. 10,000/-
5/5/2001 Purchases goods from Arun Rs. 12,000/- on credit
6/5/2001 Sold good to Varun Rs. 15,000/- on credit.
7/5/2001 Paid Rs. 3000/- by cash and Rs. 5000/- by cheque to Nilesh.
8/5/2001 Purchases goods from Mohan worth Rs. 10,000/- less 3% TD.
9/5/2001 Sold goods worth Rs. 15,000/- to Sham less 5% CD.
10/5/2001 Received Rs. 4,750/- from Sham and allowed him discount of RS-
250/-

Rs. 250/-
12/5/2001 Paid Rs. 4,900/- to Sachin towards sentiment of Rs. 5,000/-
15/5/2001 Paid Salary Rs. 2,000/- Rent Rs. 1,500/- Electricity charges Rs.
500/- and Telephone charges Rs. 2,500/- by cash.

EXERCISE 4

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4/5/2000 Started business with cash Rs. 40,000/- Furniture Rs. 5000/- and
Building Rs. 10,000/-
5/5/2000 Deposited into Bank Rs. 10,000/-
7/5/2000 Purchased goods from Rupali worth Rs. 5000/- less 5% TD.
7/5/2000 Cash purchase Rs. 8000/-
8/5/2000 Sold goods worth Rs. 8000/- to Deepali of 3% CD.
10/5/2000 Cash sales Rs. 12,000/-
12/5/2000 Purchased Machinery worth Rs. 25,000/- from Godrej and co on
Credit.
13/5/2000 Purchased goods worth Rs. 7500/- from Prasad at.
15/5/2000 Purchased Furniture worth Rs. 5000/-
16/5/2000 Distributed goods worth Rs. 1000/- as free sample.
17/5/2000 Paid Rs. 2000/- by cash and Rs. 2000/- by cheque to Rupali.
18/5/2000 Uninsured goods worth Rs. 8000/- los by life.

EXERCISE 5
1/4/2003 Asha invested into the Business cash Rs. 15,000/-
3/4/2003 Opened a Bank A/c by depositing Cash Rs. 1000/-
4/4/2003 Cash purchase Rs. 7000/-
5/4/2003 Purchases goods worth Rs. 8000/- from Usha at 5% TD.
7/4/2003 Sold goods worth Rs. 5000/- to Nisha at 2% CD
8/4/2003 Nisha Returned goods worth Rs. 100/-
9/4/2003 Goods worth Rs. 150/- returned to Usha as they were defective.
10/4/2003 Paid to Usha Rs. 5000/-
12/4/2003 Received Rs. 4000/- from Nisha.
14/4/2003 Withdraw Cash Rs. 5000/- from the Business for self-use.
15/4/2003 Deposited cash Rs. 5000/- in to the Bank.
16/4/2003 Cash sales Rs. 7000/-

EXERCISE 6

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2/12/2004 Started Business with cash Rs. 50,000/- Furniture Rs. 40,000/-
Bank Balance Rs. 25,000/-/
3/12/2004 Deposit into Bank Rs. 20,000/-
4/12/2004 Brought goods of Rs. 25,000/- off 8% TD.
6/12/2004 Brought goods of Credit from Manish Rs. 10,000/- @ 10% TD.
7/12/2004 Sold goods to Rajesh Rs. 19,800/- of 3% CD.
8/12/2004 Sold goods to cash Rs. 3000/- off 5% CD.
10/12/2004 Paid house rent Rs. 1500/- office rent Rs. 1000/-
11/12/2004 Paid advertisement Rs. 2500/- printing Rs. 1500/-
12/12/2004 Paid Rs. 8500/- to Manish & discount of Rs. 500/- paid by cheque.
15/12/2004 Withdraw cash from office Rs. 2000/- and cash from Bank Rs.
1000/- for self-use.
16/12/2004 Paid Insurance premium Rs. 1000/- on the life police of proprietor.

GODOWNS

In Tally a Godown is a place where stock items are stored. You can specify
where the stock items are kept. ... Godowns in Tally, means where you have
stored your inventory/stocks and from which one-Or

Multiple Godowns used for issuing stocks while making invoice.

How to create Godowns?

Path:

Gateway of Tally>> Location>>Create New>> Create Godowns >>

Name: Satara Godown

Under: Primary

Accept

• Purchased Laptop from David for Satara Godown of Rs-8000/-

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 • Sold books from Sangali godown to Mr. Vikas of Rs-2500/-

• Purchased Typewriter for Karad Godown of Rs -5000 from Mahesh.

• Sold Monitor to Mr. Ajay of Rs-8000 from Karad godown

• Purchased 10 mobiles for Chinchwad godown of -10000/- from ajay.

• Purchased Fridge from kirloskar&company of Rs- 55000/-for Mohol

godown

• Purchased laptop of Rs--25000/- from Dinesh on credit for Karad

godown.

• Purchased following items from Ravi on Credit for chinchwad godown.

• 20 Pens@ 10 each

• 15 Big Exercise Book@40 each

• 2 Laptop@40000 each

• Purchase following computer Items from Sam on Credit for Satara

godown

• 5 LG Monitor@5000 each

• 2 CPU@6000 each

• 5 Key board@500 each

• Sold goods to Krishna of Rs-- 10000/- from Satara godown

• Sold camera to Mohan of Rs--8000/- from Karad godown

• Sold following goods to Shruti from Sangali godown:

• 2 Apple Mobile@30000 each

• 3 Laptop@45000 each

• Sold goods to Patil & sons of Rs- 8000 on credit from Chinchwad
godown.

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 • Sold Samsung TV to Lalita Khorana of Rs-10000 on credit from
Mangalwedha godown.

• Sold fridge to sagar of Rs- 7500 on credit from satara godown.

• Sold mobile to Sonia of Rs- 8000 on credit from sangali godown.

• Sold laptop to sneha of Rs- 25600 on credit from Karad godown.

• Sold land and building to subhash & company of Rs- 105000 on credit
from Chinchwad godown.

TDS
Tax Deduction at Source

Tax Deducted At Source (TDS) in Tally.ERP9. TDS means Tax Deducted at Source. The
concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting
the tax on an income, at the source of income.
Section 197 – Income Tax Exemption Certificate. Section 197 / 197A of the Income Tax Act,
1961 is a provision which allows for a lower rate of tax to be deducted at source / no tax to be
deducted at source, i.e. the lower rate of TDS / no TDS what is TDS and why it is deducted?

TDS is simply Tax Deducted at Source. As per the Income Tax Act – persons responsible for
making payments are required to deduct tax at source at prescribed rates. Instead of receiving
tax on your income from you at a later date, the govt wants the payers to deduct tax
beforehand and deposit it with the govt

Deductors Deductee

--- X Rent

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 --- Y Technical
--- Z Advertisement
--- D Contract
Payment (100-10% TDS)

How to apply TDS?

Press F11 (Company Futures)>> Select: - Statutory & Taxation

Seat after TDS Details “yes”

Tax assessment No.

Income Tax Circle/word (TDS) : SD 563251

Detector Type : Others

Name of person responsible : Dinesh Sir

Designation : A/c Manager

Accept It? : “yes”

• Paid annual rent of office of Rs. 1,50,000 /- to Mr. Vikas Agarwal (Apply
TDS on office Rent )
Ledgers:

• Office rent

Under: Indirect Expenses

TDS: Yes

Select Nature of Payment: Rent on Land, building and furniture

• Mr. Vikas Agarwal

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 Under: Sundry creditors

TDS Applicable: Yes

Type of deductor: individual/ company resident

• TDS on office rent

Under: Duties and taxes

Type of Duty: TDS

Nature of payment: select category (rent on land, building and

furniture)

Entry: Journal Voucher F7

DR. Office rent

CR. Vikas Agarwal

CR. TDS on office rent

Payment f5

DR. Vikas Agarwal

CR. Cash

Payment F5

Dr. Tds on office rent

Cr. Cash

Solve the following problems of TDS:

• Paid for Technical service to Mr. Roy of Rs-150000/-(Fees For

Professional And Technical Services)

• Paid for advertisement contracts to Banik advertising LTD. Of Rs-

70000/-(Payment to Advertisement Contacts )

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 • Paid interest on security to Mr. shah of Rs-80000/-( interest on security)

• Paid office rent to Mr. Shailesh of Rs-150000/-

• (rent on land, building and furniture)

• Paid rent on plant and machinery to Mehta of Rs-200000/-

(rent on plant machinery and Equipment)

• Paid fees for all types of Contractors of Rs-500000/-(Payment’s to other

Contracts)

• Paid insurance commission to Mr. Shubham of Rs-10000/-( insurance

commission)

COST CENTRES AND COST CATEGORIES

Cost centre in Tally Prime refers to an organizational unit to which costs or
expenses can be allocated during transactions while the cost category is used
to accumulate costs or profits for parallel sets of cost centres.and maintain
branch wise detail easily.

Use Cost Centres and Cost

How to apply cost centers and categories?

Path:

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 Gateway of Tally >> F11 >> accounting features >> maintain cost centers:
Yes

Create Category:

Gateway of Tally >> Create >> Show Inactive>> Cost category >> Create

Name: Branch

Allocate revenue items? Yes

Allocate Non- revenue Items? Yes

E.g. Department, agents

Create Centre:

Path:

Gateway of Tally >> Create >> Cost centres >> create

Category: Branch

Name: Satara

Under: Primary

Use for Job costing: No

Solve the following problem:

1) Opening Balances-

a) Cash Rs. 10,0000/-

b) Capital Rs. 150000/-

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2) Purchase goods of Rs. 20000/- in cash. From gents department Rs.
8,000/- and from Ladies Department Rs. 12,000/-

3) Sold goods in Cash Rs. 25,000/- .to Gents Department Rs. 10,000/- and
for ladies department Rs. 15,000/-

4) Purchase machinery by gents department for cash Rs. 5,000/-

5) Deposited Rs. 25,000/- with Janta Bank

6) Received commission by Gents Department Rs. 6,000/-

7) Paid Electricity charges Rs. 6,000/- for Gents Department Rs. 2000/- and
for Ladies Department Rs. 4000/-

8) Paid Salary worth Rs. 30,000/- for gents Department Rs. 22,000/- and for
ladies Department Rs. 8,000/-

Assignment -2

Create following centres

1) Food Department

2) Medicine Department

3) Toys Department

4) Cosmetic Department

1) Opening Balances

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 a) Cash Rs. 200000/-

b) Bank Rs. 12,5000/-

c) Capital Rs. 300000/-

2) Purchase good to cash Rs. 30,000/- in cash for food department Rs.
10000/- Toys Department – 5000/- Cosmetic Department Rs.15000/-

3) Sold goods to cash Rs. 50,000/- for food Department Rs. 10,000/-
medicine Department Rs. 10,000/- Toy Department Rs. 15,000/- Cosmetic
Department Rs. 15,000/-

4) Purchase machinery by for food Department Rs. 10,000/- Toy

Department Rs. 8,000/-

5) Paid Electricity charges Rs. 40,000/- for food Department Rs. 10,000/-
medicine Department Rs. 7,000/- Toy Department Rs. 13,000/- Cosmetic
Department Rs. 10,000/-

6) Paid advertisement expense worth Rs. 20,000/- for food department Rs.
6,000/- medicine Department Rs. 6,000/- Toys Department Rs. 4,000/-
Cosmetic Department Rs. 4000/-

7) Received commission by for food department Rs. 150,000/-

8) Cash withdrawn by Janta Bank worth 50,000/-

BRS (BANK RECONCILIATION STATEMENT)

Bank reconciliation is used to compare your records to those of your bank, to
see if there are any differences between these two sets of records for your
cash transactions. The ending balance of your version of the cash records is
known as the book balance, while the bank's version is called the bank
balance.

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Create

Alt+R for bank date

GOT------> Display----------> Account books------->cash/bank book------->select

bank-----> select Month------- >> press Alt+FR for reconciliation----- >> Enter the
Bank date

Solve the following problem: [Contra (F4) Payment (F5) Receipt (F6)]

• Cash Deposited in to Bank Transactions of Rs-5000/-

• Cash withdraw from Bank Rs. 5000/-

• Paid Rs. 3000/- by cheque for advt.

• Received Rs. 1, 50,000/- by cheque from Mr. Rakesh.

• Received Rs. 1,5000/- by cheque for commission

• Paid Rs. 25,000/- by cheque to Mr. Sachin.

• Paid Rs. 24,000/- by cheque to Mr. Dinesh.

• Ramesh deposited cash into bank of Maharashtra of Rs--8000/-

• Cash withdrawn by Suresh of Rs--7589 from Bank of Baroda.

• Opening a saving a/c in the bank of Maharashtra by deposited of Rs-

600/-

• Deposited in to bank of Rs- 3000.

• Withdraw from bank of Rs- 1000.

• Deposited in to bank of Rs- 8000.

• Withdraw from bank of Rs- 2000.

• Deposited in to bank of Rs- 7000.

• Withdraw from bank of Rs- 5000.

• Deposited in to bank of Rs- 15000.

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 • Withdraw from bank of Rs- 5000.

• Deposited in to bank of Rs- 15000.

• Cash withdrawn from bank of India of Rs-5000/-

TCS (Tax Collected at Source)

Tax Collected at Source (TCS) is income tax collected in India payable by the
seller who collects in turn from the buyer and it is provided under section 206C
of Income Tax Act, 1961 at the sale of some goods which are specified TCS
Rates (F.Y. 2018-19 / A.Y.2019-20) The following TCS rates are applicable to all
Residents, Non-residents individuals/HUF/AOP/BOI/artificial judicial persons,
non-residents co-operative society, firms, non-domestic company. The
surcharge and education cess will be applicable to nonresidents on certain
collections. The surcharge and education cess table is given below.

Tax collected at Source

Press F-11

Statutory and Taxation

Enable Tax collected at source (TCS) - “Yes”

Example -

Ledger Creation

Mr. Dinesh

Sales A/c

TCS on Scrap

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Accounting Vouchers

Sales A/c (F8)

Sales voucher
Party’s A/c Name : Mr. Dinesh

Sales Balance : Sales A/c

Name of Item Quantity Rate Amount

Scrap 15000/- 50 7,50,000/-

TCS on Scrap

TCS - Details :

TCS party Ledger : Mr. Dinesh

Gross Amount : @ 1% 7,50,000/-

Income Tax : @ 10% 7,500/-

Surcharge : @ 2% 750/-

Cess : @ 1% 165/-

Add/Edcess : @ 83/-

• Sold 10kg Tendu leaves to Sachin at Rs-5000/-

• Sold 50kg scrap to Ajay of Rs-75000/-

• Sold 20kg tendu leaves of Rs-7000 and 20kg Scrap Rs-70000/- to Dinesh

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 Purchase / sales order
Purchase order is a document used for ordering goods. Sales order is a document used for
confirmation of sale. Details. Prepared by the buyer and is sent to the supplier. Issued by the
supplier to its buyer before delivery.

To activate purchase/sales order:

Gateway of Tally >>F11 >> Inventory Features >> Purchase/ sales order >>
Yes >> Yes]

Buttons:
Accounting Voucher

Purchase order

Purchase Order :Ctrl +F9

Receipt Note : Alt+F9

Rejection out :Alt+F6

Purchase :F9

Debit Not :Alt+F5

Sales order

Accounting Voucher

Sales Order : Ctrl+F8

Delivery Note : Alt+F8

Rejection in : Ctrl+F6

Sales : F8

Credit Note : Alt+F6

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 • Company placed a purchase order to Mandar and Sons for following
goods:
(Order No: 2570)
20 pen of Rs-10 each
10 pencil of Rs- 5 each
20 rubbers of Rs- 5 each
• Received order from Ramesh for following goods: (Order No. 2575)
2 fridge of Rs-8000 each
4laptop of Rs- 45000/-
3 Keyboard of Rs-500 each
• Company placed a purchase order to Mahindra and sons for following
vehicles (Order no.2580)
2 Maruti cars of Rs-500000/-
2 Hyundai motors of Rs-700000/-
3 Nano cars of Rs-150000/-
4 Company placed another purchase order on 3/4/2007(order no.445) from
Giridhar & company for the following Goods

Navnit Book 320Pcs Rs.25/-

Nivels 150Pcs . Rs.20/-

5. Sales an order to Jai & Sons following Goods.

Gel Pen 120dz Rs.15/-

Fountain Pen 50dz Rs.20/-

Payroll System
A payroll system involves everything that has to do with the payment of
employees and the filing of employment taxes. This includes keeping track of

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hours calculating wages, withholding taxes and other deductions, printing and
delivering checks and paying employment taxes to the government.

What is process of payroll?

Payroll processing refers to the administration of employees’ financial records

including salaries, wages, bonuses, deductions, and net pay. Payroll might
seem like a simple, straightforward process… To ensure accuracy, the payroll
process can’t be rushed.

How to apply?

Press- F11>>Account Feature>> Enable Payroll System >> Yes>> Accept it? Yes

Create >> Payroll Master>> Employee Group>>

Name: Manager

Master Creation

Create >> Payroll Master >> Employee >> Create

Name: Ganesh Shinde

Display name in report’s as: Ganesh Shinde

Under: Manager

Date of Joining: 1-Apr-2021

Define salary details: No

General Information

Employee Number:

Designation:

Function:

Location:

Gender:

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Date of Birth:

Blood Group:

Father’s/Mother’s Name:

Spouse’s Name:

Address:

Phone No:

E-Mail:

Provide Bank Details: Yes

A/c No:

IFSC Code:

Bank Name:

Branch:

Accepts>>Yes

Create >> Payroll Master >>Unit (Work’s)

Type: Day

Symbol: day’s

Accepts>> Yes

Eg. Month, hrs. minit

(Than backspace “Compound”)

Type: Compound

First Unit Conversion Second Unit

Day 8 hrs.

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Month 30 day’s

Hrs 60 minit’s

Create >> Payroll Master >>Attendance/Production Type>>

1. Name: Present

Under: Primary

Attendance Type: Attendance / Leave with pay

2. Name: Absent

Under: Primary

Attendance Type: Leave without pay

3. Name: Over Time

Under: Primary

Attendance Type: Production

Create >> Payroll Master >>Pay head

Basic Salary

Pay head Type - Earning for Employees

Income type - Fixed

Under - Direct exp

Indirect

Name to appear pay slip - Basic Salary

Use for Gratuity - “Yes”

Calculation Type - On Attendance

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Attendance of leave with pay - present

Calculation period - Months

As per use detailed - 26 days

Reading method - Not applicable

D.A. (Dearness Allows)

Pay head Type - Earning for Employees

Income type - Variable

Under - Indirect Exp.

Appear pay Slips - “Yes”

Use for gratuity - D.A.

Calculation Type - “Yes”

Calculation Type as a computed Value - On current earning

total

Up to 10,000/- - 5%

From 10,000/- - 10%

H.R.A. (House Rent Allows)

Pay head Type - Earning for Employees

Income type - Variable

Under - Indirect Exp.

Appear pay Slips - “Yes”

Calculation Type as a computed Value - On current earning

total

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Up to 10,000/- - 6%

From 10,000/- - 8%

Over Time

Pay head Type - Earning for Employees

Income type - Fixed

Under - Direct Exp.

Appear pay Slips - “Yes”

Name to appear pay slip - Over time

Calculation Type - On Production

Attendance type - Production for over time

Period - Hours of 60 minits

Professional Tax

Pay head Type - Deduction from Employees

Income type - Variable

Under - Current liabilities

Name to appear pay slip - Professional Exp.

Calculation Type - As computed Value

Calculation period - Month

Calculation Type as a computed Value - On current earning

total

Up to 10,000/- - 2.66%

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From 10,000/- - 4%

Traveling allows

Pay head Type - Earning for Employees

Income type - Variable

Under - Indirect Exp.

Name to appear pay slip - Traveling Exp.

Calculation Type - Flat Rate

Calculation period - Month

Salary Details

Alter>>Define Salary>>

Select Employee>>

Salary Details

Effectiv Pay Head Rate Per Pay Head Calculation Compute

e Date Type Type d
On
1-April- Basic 12,00 Month’ Earnings On Attends
2021 Salary 0 s For
Employee
DA Earnings As On
For Computed Current
Employee Value Earning
Total
HRA Earnings As On
For Computed Current
Employee Value Earning
Total
Over Time 100 Hrs Earnings On

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 For Producatio
Employee n
Profession Deducatio
al Tax n For
Employee
Travelling 1000 Moth’s Earnings Flat Rate
Allows For
Employee

Accepts>>yes

Voucher

Press F10>>Payroll Voucher>>Attendance

Employee Employee Attendance/Production Value Unit

Name Number Type
XYZ 0000 Present 25 Day
XYZ 0000 Absent 5 Day
XYZ 0000 Over Time 10 Hrs

Payroll>>Alt+F4

Account: Bank Name

Ctrl+F (Auto fill)

Type of transaction: Payroll Auto fill

Process for: Salary

From (blank for beginning) : 1-4-2021

To (blank for end) : 1-5-2021

Employee/ Group: Employee Name

Sort By: Employee Name

Payroll/Bank/Cash Ledger: Bank Name

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Accept>> Yes

Display>>Payroll Report>>Pay slip>>Select

Name>>Enter>>Alt+p>>Preview>>Alt+Z (Zoom)

Import Export
Create New Folder

Click to Address Bar>>Right Click>>Copy Address

Export:

Select >> Balance Sheet>> Alt + E>> Configuration >> Add Path>> Specify
path>> Ctrl+V

Export>> Ctrl + E>>Configuration>> File Format >> Excel (Spredsheet)>> Send

GST (Goods & Service Tax)

GST Definition The Goods and Services Tax (GST) is a value-added tax levied on
most goods and services sold for domestic consumption.

What is GST with example?

GST is a consumption based tax levied on sale, manufacture and consumption

on goods & services at a national level. ... State GST (SGST) which will be levied
by State. Integrated GST (IGST) – which will be levied by Central Government
on interstate supply of goods and services. What is the GST tax? The GST is a
Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on
manufacture, sale and consumption of goods as well as services at the national
level. It will replace all indirect taxes levied on goods and services by the Indian
Central and state governments.

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How GST is applied?

GST is a consumption based tax/levy. It is based on the “Destination principle.”

GSTis applied on goods and services at the place where final/actual
consumption happens. GST is collected on value-added goods and services at
each stage of sale or purchase in the supply chain

What is the GST number?

A limited number of goods and services are exempt from the GST/HST.
TheGST/HST applies to most transactions from manufacturing to marketing
and sales. Businesses and organizations registered for the GST/HST are
referred to as registrants. A Business must register to obtain a Business
Number with a GST/HST account. What is the GST number?

1) GST PAYMENT:-

a. GST R3B-------------- EVARY MONTH - 20TH-

b. GST R1 --------------- EVARY MONTH – MONTH END

c. GST R2 --------------- CORTARLY FOR (3MONTH)

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