Tally is an accounting software package used to electronically maintain key accounting books, registers, statements, and reports. It allows users to create companies, set company information, select existing companies, backup and restore data, and perform other administrative tasks. The main buttons on the Tally interface provide options to select or shut companies, and access features settings related to company, accounting, and inventory configurations.
Tally is an accounting software package used to electronically maintain key accounting books, registers, statements, and reports. It allows users to create companies, set company information, select existing companies, backup and restore data, and perform other administrative tasks. The main buttons on the Tally interface provide options to select or shut companies, and access features settings related to company, accounting, and inventory configurations.
Tally is an accounting software package used to electronically maintain key accounting books, registers, statements, and reports. It allows users to create companies, set company information, select existing companies, backup and restore data, and perform other administrative tasks. The main buttons on the Tally interface provide options to select or shut companies, and access features settings related to company, accounting, and inventory configurations.
Tally is an accounting software package used to electronically maintain key accounting books, registers, statements, and reports. It allows users to create companies, set company information, select existing companies, backup and restore data, and perform other administrative tasks. The main buttons on the Tally interface provide options to select or shut companies, and access features settings related to company, accounting, and inventory configurations.
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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 Tally
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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 Tally
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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
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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
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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
Maintain: In Tally accounts can be maintained in
a two different ways:
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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 The next window is as follow :
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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
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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
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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
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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
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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
