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TALLY 7.2 EBOOK

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TALLY. INTRODUCTION Tally is an accounting package developed by Tally Solutions pvt ltd which was formerly known as Peutronics pvt ltd. Where we record. No eBook available Computer Accounting with Tally Starting with Tally Introduction l. 1 The Administrative Tally Security Levels Types of Security. Users interested in Tally books in pdf free download generally download: No exact matches found for "tally books in pdf free download". Create and manipulate data structure objects for resourceone.info 9.


Tally 7.2 Ebook

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Download Tally Bengali Ebook - best software for Windows. in bengali · tally erp 9 book in gujarati pdf · tally hindi notes · tally free download software. Answer (1 of 20): Just type 'download Tally Book' into an internet search engine and you will be resourceone.info These are tally tutorials for those who are using tally I hope you will like all different tutorials in one place. These links will be useful for.

Responding yes formats large amounts in millions while, responding no formats large amounts in lakhs. However in some currencies symbol is the suffix e.

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Responding yes would put symbol next to amount and No would put symbol before the amount. On completing the information, Tally seeks confirmation to save the company profile by asking Accept? Yes or No. Responding yes would save the information and create necessary folder and data files for the company and enables to work with the company. Responding No would move cursor to the name field for any modifications. Alternation of Company:- To modify information for any company, the option company info or F3 is to be selected.

If more than one company is selected, a list of companies would be displayed for which the company profile is to be modified. On selection of a company, information entered in the company creation screen would appear.

Transactions are classified into ledgers. For better organization, ledgers are further compiled into groups under assets, liabilities, incomes and expenditures. Account Groups: - All accounting heads are broadly classified into four entitiesLiabilities, Assets, income and expenditures. The accounting groups are sub classifications of these four entities. For better organizations. Tally allows a flexible pattern of groups and sub groups.

Capital accounts may be directly placed under capital Group or a sub group may be created for them. Common examples of ledger accounts under capital account group are share capital, partners capital accounts, proprietors capital accountant drawings account etc. The groups Reserves and surplus is a sub group to capital account. All reserves accounts that are recognized as retained earnings are placed under this group.

Common examples are general reserve, capital reserve, securities premium account etc. Loans: - All loans taken should be placed here. Reserved sub groups under this primary group are bank overdraft and cash credit bank OD , secured loans and unsecured loans. Loans taken from banks, financial institutions etc. All the unsecured loans e. Current Liabilities: - This group normally constitutes a large number of ledger accounts and sub groups.

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This primary group has been further sub divided into three reserved sub groups. Thy are 1. Duties and taxes: - All excise sales and other trade taxes come under this head. Local sales tax, central sales tax C. Excise duty etc. Provisions: - Common examples of provisions are provision for income tax, provisions for bad debts etc. Sundry creditors: - All the trade creditors of the company i. Current liabilities: - All such liability accounts that do not fall under any of the above three heads can be placed here e.

Fixed Assets:- This head constitutes all the fixed assets, immovable properties, patents, trade rights etc.

Investments: - Here all the accounts related to investments of the company in shares, bonds government securities and investments in other companies are placed. Current Assets:- It constitutes of six groups that are discussed as follows: 1. Stock in hand: - It consists of ledger accounts for raw materials, work in progress and finished goods. Accounts failing under stock in hand group are not permitted any transactions. Thus, they cannot be included in any kind of voucher.

The opening balance of these accounts gives the opening stock of the company while the value of closing stock gives the closing stock of the company. Deposits:- Here all the deposits made by the company such as those in fixed deposits. Security deposits, deposits in other companies, rental deposits etc.

It should however be noted that deposits received by the company should not be placed here. Instead, they should be placed under unsecured loans. Loans and Advances:- All advances of non trading nature such as advances against salaries, loans to employees etc.

All sorts of loans given by the company should be placed here. Sundry Debtors: - All the accounts of those parties who are normally the customers are placed under this head. For recording transactions, the system does not make any distinction between sundry debtors or creditors.

They are interchangeable at any time allowing the user to make purchase and sales transactions through the same account. Cash in hand: - A cash ledger is created by the system itself and placed under this group when a company is created.

Any number of additional cash accounts like petty cash book etc can be created under this. Bank Accounts: - All the bank accounts like current accounts, savings accounts and other bank accounts except cash credit or overdraft should be placed here.

Suspense accounts: - This is a primary group that appears in balance sheet. It includes those entire suspense ledger to record money received or paid temporarily or whose nature of transactions is not yet known. For example advance paid for expenses details for which will be known upon submission of T. Account Groups of profit and loss account:Account groups of profit and loss Account are of revenue nature.

These groups are further classified as direct income and direct expenses that come under gross profit computation and indirect income and indirect expenses coming under net profit computation.

Separate accounts may be created for sales and sales and sales returns if any or may be combined in the same account. The net effect in final accounts however remains the same. Purchase: - All sorts of trade purchases whether cash purchase or credit purchases constituent this group. Separate account for purchases for purchases and purchases returns may be created that helps in proper identification of the amount and transactions relating to purchase returns or they may be combined in one account.

Most often purchase bills include various other charges like freight, delivery charges etc which are finally accounted for as purchases in the profit and loss account.

Direct income refers to that revenue collected from normal course of business. These are not considered for the computation of gross profit but are considered for the computation of net profit only. In case of traders, normally carriage inward should be placed under this group.

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All the 28 account groups can be viewed by selecting the option Groups of the accounts information menu. Ledger accounts:Ledger accounts are the entities under which transactions o similar nature are complied to get a consolidated view of all the transactions of similar nature and get the total or net balance for a certain period. These accounts can be created, displayed or altered by selecting the ledger option of Accounts are salary , rent , wages, Furniture , Other fixed assets etc.

Ledger Creation: - Ledger accounts can be created by selecting the create option under the option ledgers of the Accounts information menu. The ledger creation screen appears as follows. Flexible voucher entry: - Transactions are entered through voucher Entry.

To enter voucher, the option voucher Entry is to be selected at the Gateway of Tally menu. Types of vouchers: - In manual accounting, all transactions are recorded in Primary Books that can be broadly categorized into cashbook and journal.

For practical convenience, journal is sub divided into following subsidiary books. Contra Voucher: - F4 In contra voucher, those transactions are entered where only cash and bank accounts are involved. This may involve either cash deposit at bank or cash withdrawn from the bank. The debit and credit entries are made on the basis of the nature of transaction. Similarly, the reverse is done in case of withdrawal. The following figure depicts a contra voucher. Payment Voucher: - F5 All t transactions related to payment by cash or through bank are recorded in payment voucher.

Such payments may be towards purchase, expenses, acquisition of fixed assets, dues to creditor, loans and advances given or repayments of loans and advances taken earlier etc. The following figure depicts a Payment voucher. Receipt Voucher: - F6 All inflow of money in cash or through bank is recorded through receipt voucher. Such receipts may be towards any income or from debtors or loans and advances taken or refund or loans and advances given earlier etc. Multiple entries may be made through one receipt voucher.

The following figures depict a receipt voucher. Journal Voucher: - F7 Journal voucher is an adjustment voucher used for noncash transaction like adjustments between ledger accounts, provisions for liabilities, Income receivables, depreciation and all other provisions.

Normally, Cash and bank accounts are not permitted to transact in journal voucher. The following figure depicts a Journal voucher. Debit Note: - By default, Debit note voucher would not be available. This voucher can be selected by clicking either F7 : Journal or F9: Purchase buttons. Normally, a transactions is entered in this vouchers in case of purchase return, rate difference in bill, credit granted by supplier etc. The following figure depicts a Debit note voucher.

Credit Note: - By default, Credit Note would not be available. The following figure depicts a Credit note voucher. Memo Voucher: - F10 Memo voucher is a provisional voucher and the entries made using this voucher would not affect the accounts part i. Tally does not post these entries to ledgers but stores them in a separation Memo Register.

These memo vouchers can be converted into regular voucher later when it is decided to bring entries into books of account. They are used for application such as 1.

Making suspense accounts. Vouchers not verified at the time of entry. Items given on approval. The list of memos can be obtained under Display Exception Reports Memorandum vouchers.

Bank Reconciliation:it is a statement prepared to compare company book with bankbooks. Whereas, the bank records all the transactions with its customers in its ledger accounts. In other words, we can say that ledger accounts maintained by the bank and cashbook prepared by the customer record the same transactions. It seems, therefore necessary that the bank balance being shown by both the cashbook and ledger accounts must be equal.

Through cashbook prepared by the firm and the passbook maintained by the bank should show the same bank balance as both of them have been recording the same transaction. But in actual practice, it does not happen. The bank balance shown by cashbook and passbook are generally different. For this purpose, a statement is prepared which is known as bank reconcillation statement.

Bank reconciliation statement is prepared with a view to find out the causes responsible for the difference between the balances of cashbook and passbook and to reconcile the balance. Causes responsible for the difference between the balances of Cashbook and Passbook. Cheque issued or drawn but not yet presented for payment.

Cheque deposited but not yet credited or cleared. Cheque directly deposited into bank by customer. Interest collected or allowed or credited by bank. Interest on overdraft or bank charges charged or debited by the bank.

Payments made by bank on the behalf of the company. Omission of any transaction in the cashbook. Procedure for the Preparation of BRS Enter the transactions in the respective voucher. Click F5: Reconcile. Put the bank date seeing the bank statement to those transactions that appears in both the books. In just the same way as music has been shared and downloaded illegally for free in recent years, there will always be illegally uploaded software available on the internet.

Just because it is available does not necessarily mean it is right to download it. Anonymous answered. I want to learn sales billing and before billing what I have to do?

The download in my computer of tally 7. So,do practise n you will learn tally fast. Please suggest me how to learn tally in online Lokesh Chandel answered.

Hey there As far as the learning process is concern check out the tally official website tallysolutions. Have a nice learning cycle. As the technology is advancing life is becoming easy. Sundry creditors: Current liabilities: Fixed Assets: Current Assets: Stock in hand: Accounts failing under stock in hand group are not permitted any transactions.

Thus, they cannot be included in any kind of voucher. The opening balance of these accounts gives the opening stock of the company while the value of closing stock gives the closing stock of the company. Security deposits, deposits in other companies, rental deposits etc. It should however be noted that deposits received by the company should not be placed here.

Instead, they should be placed under unsecured loans. Loans and Advances: All sorts of loans given by the company should be placed here. Sundry Debtors: For recording transactions, the system does not make any distinction between sundry debtors or creditors. They are interchangeable at any time allowing the user to make purchase and sales transactions through the same account.

Cash in hand: Any number of additional cash accounts like petty cash book etc can be created under this. Bank Accounts: Suspense accounts: It includes those entire suspense ledger to record money received or paid temporarily or whose nature of transactions is not yet known. For example advance paid for expenses details for which will be known upon submission of T.

Account Groups of profit and loss account: Account groups of profit and loss Account are of revenue nature. These groups are further classified as direct income and direct expenses that come under gross profit computation and indirect income and indirect expenses coming under net profit computation.

Separate accounts may be created for sales and sales and sales returns if any or may be combined in the same account. The net effect in final accounts however remains the same. Separate account for purchases for purchases and purchases returns may be created that helps in proper identification of the amount and transactions relating to purchase returns or they may be combined in one account.

Most often purchase bills include various other charges like freight, delivery charges etc which are finally accounted for as purchases in the profit and loss account. Direct income refers to that revenue collected from normal course of business.

These are not considered for the computation of gross profit but are considered for the computation of net profit only. In case of traders, normally carriage inward should be placed under this group. All the 28 account groups can be viewed by selecting the option Groups of the accounts information menu. Ledger accounts: Ledger accounts are the entities under which transactions o similar nature are complied to get a consolidated view of all the transactions of similar nature and get the total or net balance for a certain period.

These accounts can be created, displayed or altered by selecting the ledger option of Accounts are salary , rent , wages, Furniture , Other fixed assets etc.

Ledger Creation: The ledger creation screen appears as follows. Flexible voucher entry: To enter voucher, the option voucher Entry is to be selected at the Gateway of Tally menu. Types of vouchers: For practical convenience, journal is sub divided into following subsidiary books. Contra Voucher: This may involve either cash deposit at bank or cash withdrawn from the bank.

The debit and credit entries are made on the basis of the nature of transaction. Similarly, the reverse is done in case of withdrawal. The following figure depicts a contra voucher. Payment Voucher: Such payments may be towards purchase, expenses, acquisition of fixed assets, dues to creditor, loans and advances given or repayments of loans and advances taken earlier etc. The following figure depicts a Payment voucher.

Receipt Voucher: Such receipts may be towards any income or from debtors or loans and advances taken or refund or loans and advances given earlier etc.

Multiple entries may be made through one receipt voucher.

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The following figures depict a receipt voucher. Journal Voucher: Income receivables, depreciation and all other provisions. Normally, Cash and bank accounts are not permitted to transact in journal voucher. The following figure depicts a Journal voucher.

This voucher can be selected by clicking either F7: Journal or F9: Purchase buttons. Normally, a transactions is entered in this vouchers in case of purchase return, rate difference in bill, credit granted by supplier etc. The following figure depicts a Debit note voucher.

Credit Note: This voucher can be selected by clicking F7: Purchase Buttons. The following figure depicts a Credit note voucher. Memo Voucher: Tally does not post these entries to ledgers but stores them in a separation Memo Register.

These memo vouchers can be converted into regular voucher later when it is decided to bring entries into books of account. They are used for application such as 1. Making suspense accounts. Vouchers not verified at the time of entry. Items given on approval. The list of memos can be obtained under Display Exception Reports Memorandum vouchers.

Bank Reconciliation: Whereas, the bank records all the transactions with its customers in its ledger accounts. In other words, we can say that ledger accounts maintained by the bank and cashbook prepared by the customer record the same transactions. It seems, therefore necessary that the bank balance being shown by both the cashbook and ledger accounts must be equal.

Through cashbook prepared by the firm and the passbook maintained by the bank should show the same bank balance as both of them have been recording the same transaction. But in actual practice, it does not happen. The bank balance shown by cashbook and passbook are generally different. For this purpose, a statement is prepared which is known as bank reconcillation statement.

Bank reconciliation statement is prepared with a view to find out the causes responsible for the difference between the balances of cashbook and passbook and to reconcile the balance.

Causes responsible for the difference between the balances of Cashbook and Passbook. Cheque issued or drawn but not yet presented for payment. Cheque deposited but not yet credited or cleared. Cheque directly deposited into bank by customer. Interest collected or allowed or credited by bank. Interest on overdraft or bank charges charged or debited by the bank. Payments made by bank on the behalf of the company. Omission of any transaction in the cashbook. Procedure for the Preparation of BRS: Enter the transactions in the respective voucher.

Click F5: Put the bank date seeing the bank statement to those transactions that appears in both the books. Those transactions that do not appear in both the books are to be left out. Go to voucher entry. Pass reverse entries to those transactions that appear in bankbook and not in company book.

Then again go to reconcile option and there, put data of the corresponding transactions and save. To see the detailed reconciled voucher, in the reconcile option, Press F 12 and set the options Format Detailed and show reconciled vouchers to yes. Grouping and categorization items.

Flexible units of measure. Flexible invoicing. Purchase Invoicing. Sales Invoices. Physical stock verification. Stock transfer voucher. Purchase return and sales return. Stock groups: For better organizations of hundreds of stock items that may be stocked and traded by an organization. They may be organized into appropriate groups called stock groups. The relationship between stock item and stock group is similar to that of Accounts Ledger and Accounts Groups. It is to be noted that only stock items participate in any transactions and stock groups merely help to organize stock items.

Stock Categories: However, some organization may need an alternate way to find out items of similar nature. To help them, Tally allows a parallel method to organize the stock items in Stock Categories and retrieves reports accordingly. Stock categories provide flexibility in reporting. Units of Measure: While creating master for a stock item, the unit of measure for the stock item should be specified.

However, this can be skipped by selecting the option not applicable in case of service items. While creating a stock item, if the unit does. The units may be simple such as Pcs. Ltr, Mtr, Packets, each. Stock Items: Stock items are normally placed under stock Groups and stock categories. Flexible Invoicing: In a voucher, first the accounting entries are made followed by inventory allocation.

In case of transactions entered in invoice mode, first the inventory particulars are entered and the transaction value is auto computed. Accounting entries are recorded later. Purchase Invoice: Here, firstly the inventory details regarding the item to be purchased, number of units to be purchased etc are entered for auto computation of the purchase value. The following figures illustrates a purchase invoice. Sales Invoice: Here , first inventory entries are made and the bill value is auto computed.

This is the normal way of making sales invoices. The following figure depicts a Sales invoice. Standard cost and selling Price: On responding yes to the query in the item master creation screen, a sub screen opens up to enter standard purchase and sales rates.

During invoicing, these rates would become standard price list rates, i. Similarly, while entering purchase invoice, the applicable standard purchase rate will automatically picked up along with units. Physical stock verification voucher: For this purpose, he may be required to physically verify the stock and adjust the differences if any from time to time. For this purpose , he may be required to make physical stock entry.

Purchase returns: It is usually entered through a debit note. Sales return: It is usually entered through credit notes. Cost center and profit center Bill wise details for trading and non trading concerns. Cost centers allow to analyse a transaction in the other dimensions. This facility allows identifying cost involved with any component. A component can be an office, department, individual employee, project, job, process etc. Thus, cost centers can be termed as profit centers also.

Like account groups, cost centers can be nested to any level. The option helps to obtain: Cost centers is activated in Accounts information menu if responded yes to the query maintain cost centers under F Tally provides options to create, Display and Alter cost center.On selection of an item, the item allocation screen appears to enter details for the item.

Bengali Typing Tutor 6. Then again go to reconcile option and there, put data of the corresponding transactions and save. Indic IME To enter voucher, the option voucher Entry is to be selected at the Gateway of Tally menu.

The following figures illustrates a purchase invoice. Here the date from which the books of accounts actually begin is entered. If more than one company is selected, a list of companies would be displayed for which the company profile is to be modified.

Purchase returns:-It is usually record all return of purchased goods. Now people can learn things just sitting at there home with a single click.