Venkkatesh K tally faq, tally-tips 6
In Tally.ERP 9 Accounting Software we can record the EMI (Equated Monthly Installments) and Interest of a Loan transactions. After a Loan like Personal Loan, or Housing Loan is taken from the Financial Institutions like Banks or Credit Societies we have to pay the EMI (Equated Monthly Installments) for every month until the Loan Term […]
Venkkatesh K tally faq, tally-tips 0
When a Secured or Unsecured Loan is granted to a Customer mostly the Banks or Financial Credit Organization will disburse the credit amount either through Account Payee Cheque or directly credits his Bank Account if he has Account at its Institute. And we can record the Loan Disbursement transaction in Tally.ERP 9 using the Receipt […]
Venkkatesh K tally faq, tally-tips 0
When a Life Insurance Policy has been matured, the Policy Maturity amount will be either directly deposited into your Bank Account which is provided to the Insurance Company or a Cheque will be issued to the Insurance Holder. And we can record the Life Insurance Maturity receipt transaction in Tally.ERP 9 Accounting Software using the […]
Venkkatesh K tally customize-accounts-in-tally 4
Business transaction recorded in the Tally.ERP 9 Accounting Software is the most important data for the Business People, and Auditors. And we have to take the Backup of the Data frequently apart that Tally Software is also having the capability of Auto Backup. The Auto Backup feature of Tally.ERP 9 Accounting Software enables to take […]
Venkkatesh K tally faq, tally-tips 0
There is a specific Ledger Group available in Tally.ERP 9 Accounting Software for Secured Loan Ledger Account creation. Loans such Housing Loan, Car Loan, Personal Loan, Educational Loan taken from Banks or Financial Institutions are Secured Loans as a security (movable or immovable asset) is lodges at the lender. In order to create a Ledger […]
Venkkatesh K tally banking-tally-erp-9, customize-accounts-in-tally 0
In Tally.ERP 9 Accounting Software we can record the Bank Payments of a particular Bank Account with high speed with greater accuracy even we have a couple of Bank and Cash Ledger created in the Company. For that first we have to customize the Payment Voucher Type to meet our specific requirement. Here we are […]
Venkkatesh K tally inventory-accounts-in-tally, recording-accounts-in-tally-erp-9 2
Tally is built for Inventory Management as well, for that Stock Items are used in this Accounting Software, in order to maintain the Stock Register in Tally ERP 9. Stock Items in tally refers to the physical stock situated in the company warehouse which is meant for resale. In order to maintain Accounts with Inventory […]
Venkkatesh K tally faq, tally-tips 0
In every business it is a common practice that the Good are used by the Proprietor or Partner of the Firm for his personal use. The personal use of goods is not treated as Sale transaction instead it is considered as Drawings. And such transaction can be recording in Tally.ERP 9 Accounting Software. In Tally.ERP […]
Venkkatesh K tally faq, tally-tips 4
In business withdraws of Cash or from Bank for personal use of the business owner is considered as Drawings and worth of such transaction should be debited to the Capital Account. In general practice we use the Drawings Account Ledger for such transactions and in Tally.ERP 9 Accounting Software we can create Ledger for Drawings […]
Venkkatesh K tally tally-administration 0
In order to Surrender the Tally.ERP 9 Accounting Software the Tally User must have activate his License in the Software and the Computer System must have connected to the Internet. And using the Tally.Net User ID and Password one can surrender the Tally License. Surrender License option will be available only to the Licensed Tally Users, […]