Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Creating goods return ledgers (Sales Return and Purchases Return) in Tally ERP 9 Accounting Software is as similar as creating the Sales and Purchase Ledgers for VAT computation. Either, you can create your own set of separate ledgers for recording the Goods Returns in the Books of Accounts or you can use the existing Trading […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Recording VAT Sales is similar to VAT Purchase entry but we need to consider the Output VAT Ledger instead of Input VAT ledger while creating the Accounting Voucher in Tally ERP 9 Accounting Software. VAT Sales Voucher entry using Sale Voucher Type in Tally ERP 9 Here I have created the Sales @ 5% VAT […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Purchase transaction which includes VAT amount can be recorded in Tally ERP 9. Before that purchase ledger must have configure with appropriate VAT/Tax Class. And as well Input VAT ledger needs to be created for the computation of VAT for Sales Tax calculation. Purchases recorded with Input VAT in Tally ERP 9 So, here we […]
Venkkatesh K tally banking-tally-erp-9, customize-accounts-in-tally, tally-erp-9, tally-tutorial 0
After we have defined the Voucher Class in Payment Voucher Type we can use them while recording the payments in Tally ERP 9 Accounting Software. Here we have already created the Voucher Class in the Payment Voucher Type to record only Bank related payments. And the name of the Voucher Class is Cheque Payment and […]
Venkkatesh K Uncategorized andhra-pradesh, India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 2
In order to start accounting for VAT Commodities in Tally ERP 9 Accounting Software we must incorporate the VAT Commodity in the Stock Item while creating the Stock Item in Tally Software. Simply creating the VAT Commodity will not produce the Commodity wise Report but it must be activated in Inventory. VAT Commodity selected for […]
Venkkatesh K Uncategorized accounting-software, India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 4
When you are dealing with VAT in Tally ERP 9, it is the best way to create VAT Commodity for a group of Stock Items which are covered under VAT Schedule by the Commercial Tax Department of the concerned State. And Tally allows you to manage the VAT Commodity wise accounting. VAT Commodity Creation for […]
Venkkatesh K tally banking-tally-erp-9, tally-erp-9, tally-tutorial 0
Earlier, Tally user had to configure cheque dimensions manually for printing the Cheque Leafs using the software. But, now Tally ERP 9 has came up with predefined Cheque Formats for almost all the Banks available in the market. You do not need to worry about configuration of Cheque Printing with the exact dimensions. In order […]
Venkkatesh K tally banking-tally-erp-9, tally-tips, tally-tutorial 0
In Tally ERP 9 Accounting Software, Banking section made easy and even we can store our Bank Account details like Saving or Current Bank Account Number, IFSC Code etc.,. If we have our Bank details in our Books of Accounts we can easily send them to the Dealers and Marking Staff to enable them for […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 3
Apart, Trading Account ledgers like Purchases and Sales ledgers we need to create Input VAT and Output VAT ledgers for every Trading Ledger. And this is the common way of VAT computation where Invoice amount will be divided into Assessable and VAT amounts. The Assessable amount will be recorded in the Trading ledgers where as […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 2
At the time of creating Trading Accounts like Purchases and Sales Ledgers in Tally ERP 9 Accounting Software, we must configure those Ledger Accounts with the appropriate VAT/Tax Class. As soon as we update the Company with the VAT information in Statutory Features, trading ledger accounts will automatically shows the Statutory Information in the Ledger […]