INTRODUCTIONS to Tally.ERP9 ..
Tally.ERP 9 has been developed by Tally.ERP 9 Solutions Pvt.
Ltd., a Bangalore-based Company in India. It’s a very user-friendly and popular
Accounting Software that runs on MS Windows and also Computes for Indian VAT,
TDS and Service Tax. It can even maintain your accounts and Inventory
simultaneously. A few key features of Tally.ERP 9 are listed below...
- Code less Accounting System : Normally for other Accounting Software’s, a certain code is used for identifying any particular ledger, for example, Ledger Code B2081indecates “ Printing & Stationary”.
- Unlimited Accounting Period : It means you can maintain the records for more than one Financial Accounting Period, for example, you can maintain the record for the financial Year ( F.Y.) 05-06 and 06-07 for the same compan
- Simultaneous Operation of multiple companies : It means you can update the data record for more than one Company simultaneously, for example : at the same you can update the data for all of your companies in the same group.
- Accounting for the Complete Group of Companies : You can prepare a consolidated balance sheet for all the members of your group companies.
- Top-Level security for each company : You can create different levels of users and restrict their activities by assigning them rights, For example, ; you can create a user for data entry , who can only enter the transaction, but can not view the report
Facilities with Tally.ERP 9
1. Data Import and
Export Facility : You can import or export any particular data from one
Company to another Company.
2. Audit Facility
: Using this facility you can check the recorded voucher and make modifications
as per requirement.
3. Budgeting :
Allows you to analyze the variance (difference between actual and Standard )
for expenses , income, etc.
4. Scenario
Management : Can be used for projected Profit and Loss A/c and Balance
Sheet.
5. Bank Reconciliation Statement
6. Price List, Ageing
Analysis for Stock Item : Rate of Product can be defined with its quantity.
7. Cost Center and
Cost Category-wise Account Analysis : These features are very useful for
Unit –wise analysis, for Example: You may want to analyze employee-wise cost,
Brach-wise Cost etc.
8. Usefulness in
Manufacturing Business : Useful for calculation of Cost of Goods Sold.
9. Ratio Analysis, Cash Flow, Funds Flow
10. E-capabilities
11. Foreign Currency :Useful for
calculation of foreign gain and loss using foreign currency.
12. Defining the Bill
/ Voucher Entry Setup.
13. Columnar
Reporting related to Stock and Accounts.
14. Adherence of
Purchase and Sales procedure such as Order, Challan, Bill.
15. Credit Control
: Credit Control is possible for a Customer.
16. Tracking through
Receipt / Delivery Notes.
17. Profitability
Analysis of Stock.
18. Accounts for
(a) Indian VAT
(b) TDS
(c) E-TDS
(d) Service Tax
Application
Areas of Tally.ERP 9
Due to these unique Features and Multifarious facilities,
Tally.ERP 9 is widely used by different kinds of Business Companies and other
Organizations for maintaining the Accounts of
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Company
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Individual
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Charitable Trust
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Trader
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Manufacturer
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Enterprise
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Partnership Firm
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Shop
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Transport
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Service
Industries
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Nursing
Home
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Petrol
Pump
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Pharmaceuticals
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Departmental Stores
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Whole-Seller
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Insurance
Agents
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Restaurant
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School
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Institutions
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Tutorials
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Advocate
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Builders
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Chartered
Accountants
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Chit
Funds
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Doctors
Advantages of Computerized Accounting over
Manual Book-keeping
Manual Book-keeping has to bother for all the
following steps :
1.
Creating Ledger and carrying forward their closing balances.
2.
Recording Cash Transactions in a Cash-Book and Bank Transactions in a Bank
Book.
3. Recoding other Non-Cash Transactions in
a Journal Book.
4.
After recording you have to calculate the balances of the Ledgers.
5. Preparing Trial Balance to prepare Final
Accounts.
6. Deriving Nominal Account from the Trial
Balance in the Profit and Loss Account.
7. Posting Real & Personal Accounts in
the Balance Sheet.
But
when you are using Tally.ERP 9 you concentrate only on recording the
transactions. Tally.ERP 9 automatically generates all kinds of reports for you.
Why Tally.ERP 9 the Best
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