How to record Purchase transaction in Tally.ERP 9?
After we have started with an initial Capital, we have to Purchase the Goods based on the business nature. Every business deals with purchases and sales without purchase there is no question of sale. Purchasing might be the finished product or the raw material. In Tally.ERP, we can record the Purchases using the Purchase Voucher […]
How to create Purchase Account Ledger in Tally.ERP 9?
In Tally.ERP 9 we have a separate Group name called Purchase Accounts and we can use this Predefined Group to create the Purchases Ledger for accounting of Purchases of a Company. We can create as many Ledgers as we wish, under the Purchase Accounts Group in Tally.ERP 9. While creating the Ledger, there itself we […]
How to record Capital brought into the Business in Tally.ERP 9?
In Tally.ERP 9 Accounting Software we can record the Funds flew into the Company while starting the Business. Capital Brought into the firm will be recorded using either Receipt Voucher Type or Journal Voucher in Tally. Both are correct but here we are showing you in different way to pass Capital transaction using the Journal […]
How to create Capital Ledger with all settings in Tally.ERP 9
Tally.ERP 9 supports to create Capital Ledger with the help of Capital Group available in the Accounting Software. With the Ledger Creation screen in Tally we can create the Capital Ledger Account. Apart that it support to record the Mailing Details and Tax Information of the Person who brought the Capital into the firm. In […]
Is it mandatory to create Cash Account Ledger in Tally.ERP 9?
In Tally.ERP 9 we can create Ledgers using Ledger Creation screen. It having some default ledgers which are already created by the Accounting Software itself. And Cash ledger is one of them. So, you do not need to create the Cash Ledger in Tally software. If you open List of Ledgers screen you can find […]
How to record Office Advance using Payment Voucher in Tally.ERP 9?
As soon as we start the business with an initial Capital we have to ascertain an Office to start the business. When we have taken an Office, obviously we have to give some advance towards it. And it can be entered in Tally.ERP 9 using the Payment Voucher Type. As we are making the payment […]
How to record transactions using the Vouchers Types in Tally.ERP 9?
Whatever a transaction that has to be recorded in Tally.ERP 9 Accounting Software, one must use any one of the available Voucher Types in the Business Package. Tally has provided 18 different Voucher Types excluding Payroll Vouchers. And these are called as Pre-Defined Voucher Types and even we can create as many Voucher Types as […]
How to create Single or Multiple Ledgers in Tally ERP 9?
A Ledger is the place for a common Business Activities. We will record the similar activities under a Ledger by giving a name for it. Likewise in Tally.ERP 9 Accounting Software we can create a Ledger. In manual Accounting we draw a T shaped format for recording the Debits on left and Credit on right […]
Set Company Features before starting Business Accounts in Tally
When you create a Company in Tally.ERP 9 by default it will be loaded with default Company Features like Invoicing, Outstanding, Cost Management, etc. This powerful Accounting Software enables the user to change Company Features such as Accounting, Invoicing, Statutory and Taxation (Excise, VAT, TDS and TCS details). Every Company or Proprietary firm has to […]
How to shut or close a Company without quitting Tally.ERP 9?
Shut Company option is best used for those who work with more than a Company in Tally.ERP 9 Accounting Software. When you have selected multiple Companies in Tally.ERP 9, the selected companies will be shown under List of Selected Companies in the Left Pane of the Main Area in Gateway of Tally Screen. Using the […]
How to update Company information in Tally.ERP 9 using Alter option
After we have created a Company in Tally.ERP 9 Accounting Software, we can get back to the Company Alteration screen to change the information of the Company at any time. From the screen itself you can change the Mailing & Contact Details, Company Details, Security Control and Auto Backup settings along with the Base Currency […]
How to select a Company from the List of Companies in Tally.ERP 9?
Tally.ERP Accounting Software allows us to work with more than a company simultaneously. And for that we must load the List of Companies data into the primary memory to work with. And even after loading them we must choose each specifically to work on. To start recording the accounts of a Company in Tally we […]