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  1. Husain Saifuddin
    December 1, 2014 @ 4:22 AM

    What about a running business? Do they need a capital account if started using Tally ?

  2. Venkkatesh K
    December 1, 2014 @ 8:20 AM

    Dear Husain Saifuddin,

    If you have started Accounting your Running Business in Tally Accounting Software in the middle of the year, you have to create a Capital Account Ledger and just provide the Opening Balance of the Capital Account as on the first day of the Fiscal Year.

    For Capital Ledger create read this article: How to create Capital Ledger Account in Tally?

  3. Venkkatesh K
    April 1, 2016 @ 2:29 PM

    You can create Separate Sales Voucher Types for that.

  4. pankaj agarwal
    April 1, 2016 @ 2:27 PM

    i am operating mobile & It business , how to create sales of IT & Mobile sales separately

  5. Kishan Agrawal
    April 28, 2016 @ 5:50 AM

    I want to record capital introduced as stock (not cash)
    What can i do?

  6. Venkkatesh K
    April 28, 2016 @ 6:10 AM

    Debit the Purchases Account and Credit the Capital Account.

  7. Unknown
    June 8, 2016 @ 4:49 AM

    If stock introduced as capital how to pass the journal entry in tally?

  8. Venkkatesh K
    June 8, 2016 @ 4:50 AM

  9. alvin rojo
    December 10, 2016 @ 3:51 PM

    how can i change capital amount? i tally relects 2,000,000 capital but the total money spent initially for stocks,equipments and expenses amounted only 1,700,000+

  10. Venkkatesh K
    December 10, 2016 @ 3:56 PM

    Using the Ledger Alteration you can change opening Balance of the Capital Account. As well you can use the Payment Voucher for recording the above cited expenses and purchases.

  11. Venkkatesh K
    December 12, 2016 @ 8:38 AM

    Contact me @ kshyam24@gmail.com

  12. Sujith C
    December 12, 2016 @ 8:36 AM

    Hi i am working in Oman, my company run by an Indian he wants to install tally here in his company, if we bought tally from india will work here or we need to purchase from here (expensive than indian) please advice

  13. Venkkatesh K
    December 26, 2016 @ 8:21 AM

    Same entry as explained in this article.

  14. Unknown
    December 26, 2016 @ 8:17 AM

    hi, my company is running and company want to invest further capital in cash…kindly explain how do i enter further capital in running business

  15. Rohini s
    January 12, 2017 @ 4:14 PM

    Hello sir, I have doubt I am taking care of Rent income and expenses in company it is new company i am a fresher to real estate records, how to record security deposit received from each flat, one point is I don't know whether the tenants going to stay in the flats for a year or more

    Now I have treated transactions in tally like this

    Cash Dr
    To security deposit flat #123

    I have created separate security deposit group under liability side in tally

  16. Venkkatesh K
    January 12, 2017 @ 4:19 PM

    What you did is absolutely correct as in your case. But is advisable to use the Tenant Ledger instead of Security Deposit Flat # 123. In narration you may write the Deposit for which Flat or you may use Cost Center.

  17. Bhuvana R
    January 18, 2017 @ 4:28 AM

    how can i put capital amount of 4 directors . have to take that money for expenditure also.
    please help me

  18. Venkkatesh K
    January 18, 2017 @ 4:36 AM

    Hi Bhuvana R,
    You can create as many Capital Account as you need in Tally.ERP 9. Once the Capital brought into the firm it can be used by any means by the Firm, or Business.

  19. Bhuvana R
    January 18, 2017 @ 7:57 AM

    I have created the capital accounts. but for expenditure there is no cash showing in it.

  20. Venkkatesh K
    January 18, 2017 @ 8:05 AM

    First you need to bring the Cash into firm so that you can use the Cash Balance for the payments of the expenditure.

  21. Bhuvaneswari Nathan
    January 30, 2017 @ 8:12 AM

    Hello Sir,

    How can I view the delivery note which is already created in tally ERP9

  22. Venkkatesh K
    January 30, 2017 @ 8:17 AM

    In order to view the list of the Delivery Note entries you need to open the "Statistics" from "Statements of Account" menu. In the Statistics report just open the "Delivery Note" then you can see the monthly summary of the Delivery Notes. Just open the month then you can see the entries.

  23. Bhuvaneswari Nathan
    January 31, 2017 @ 10:40 AM

    how to get bill details while entering receipts and payments in tally. no bill numbers is getting populated

  24. Venkkatesh K
    January 31, 2017 @ 10:42 AM

    For that you need to enable the "Bill Wise details" option in the Ledger Creation screen.

  25. Bhuvana R
    February 2, 2017 @ 1:37 PM

    hello sir, we are having two companies.I have uploaded one company's data in tally currently. file name of both the company's data are same.so we lost on company's full data. how can i recover it

  26. Venkkatesh K
    February 2, 2017 @ 1:49 PM

    Mail your complete detailed query and the Company Data Files to advice@accountsguy.net

  27. SAGAR CING
    February 5, 2017 @ 11:50 AM

    Dear sir,how should I show the money which I used to buy an existing firm as a part of investment.

  28. Venkkatesh K
    February 5, 2017 @ 11:52 AM

    You have to show the investment in the existing Firm under the Investments (Assets side).

  29. Unknown
    February 8, 2017 @ 5:36 AM

    Dear sir, booked IRCTC ticket from company bank account. got cancelled . amount credited to bank account itself. how to post this tally

  30. Venkkatesh K
    February 8, 2017 @ 5:38 AM

    Just record the Receipt or Journal entry by reversing the Payment entry.

  31. Ronald Ogunda
    February 10, 2017 @ 1:10 PM

    hi we just bought tally latest version, kindly let me know how to make partners' capital accounts in tally and inverntoy FIFO/LIFO metgods

  32. Venkkatesh K
    February 10, 2017 @ 1:14 PM

    I have written Capital Account Creation article. Just go through it. In the Stock Item Creation screen you can set LIFO or FIFO method. Search in my blog for Stock Item creation in Tally.ERP 9.

    Still need any assistance mail us to advice@accountsguy.net

  33. Ronald Ogunda
    February 14, 2017 @ 4:35 AM

    For inventory I did get you clearly. But for capital account, maybe I didn't put in clear. I meant partnership accounts. How do you categorically segment partners capital accounts with adjustable transactions; salaries and other remunerations

  34. Venkkatesh K
    February 14, 2017 @ 4:41 AM

    Debit the Salaries, Remuneration and Credit the respective capital accounts.

  35. SAGAR CING
    February 17, 2017 @ 5:11 PM

    Dear sir,how should I show the money which I used to buy an existing firm as a part of investment.

  36. SAGAR CING
    February 17, 2017 @ 5:11 PM

    Dear sir,how should I show the money used for buying am existing firm as a part of investment,in tally erp 9
    Secondly how to show the shares of each partner in a company,so that profit and loss are automatically depicted

  37. Bhuvana R
    March 11, 2017 @ 12:06 PM

    Hi sir While taking Profit & loss statement Salary details not getting displayed. pls let me know the configuration.

  38. Venkkatesh K
    March 11, 2017 @ 12:08 PM

    See under which Group you created the Salary Ledger.

  39. pappu chimanpure.
    April 10, 2017 @ 4:36 PM

    Sir please send me any small business tally data file for study .
    My email id : chimanpure.pappu@gmail.com

  40. Venkkatesh K
    April 10, 2017 @ 4:39 PM

    Mr Pappu Chimanpure,

    It is not possible to send data file of a company it is advisable to contact a local auditor ask him that you are ready to do some accounts for free of cost and you want to get experience.

  41. Venkkatesh K
    May 3, 2017 @ 4:59 AM

    You can pass the Loan Processing Fee using either the Payment Voucher or Journal Voucher in Tally.ERP 9 and the Account Head shall be the Indirect Expenses.

  42. Sarode..
    May 3, 2017 @ 4:52 AM

    Dear sir..
    Plz help me how to pass loan processing fees in tally and under which group create this account …

  43. Rome Nius
    June 10, 2017 @ 5:04 AM

    Dear sir I'm about to work in a new bread factory as an accountant no training yet Confused company started 2 years ago but tally has not yet been started so I'm beginning a/c no idea of capital investment so can I use new a/c without putting capital a/c by purchased raw material sales, equipment sales returned… By this month

  44. Venkkatesh K
    June 10, 2017 @ 5:09 AM

    Mr. Rome Nius,

    Start a new Company in Tally.ERP 9, and take the Opening Balances as shown in the Statements submitted to the Income Tax Dept., and record the transactions upto now from the beginning of the year.

    If still having any doubt contact me on advice@accountsguy.net

  45. vishal goenka
    July 14, 2017 @ 10:18 AM

    I HAVE CONVERTED MY PVT CO. INTO AN LLP AND THE SHARE CAPITAL OF THE COMPANY WILL BE THE CAPITAL INTRODUCED BY THREE PARTNERS SUPPOSE A,b, c , THEN WHAT WILL BE THE TALLY ENTRY IN LLP FOR CAPITAL

  46. Venkkatesh K
    July 14, 2017 @ 10:19 AM

    Create ledger under Capital Group provide the opening balances.

  47. DHARMEN
    December 24, 2017 @ 7:55 PM

    WHAT IS THE ENTRY IF OWNER INVEST CAPITAL IN CHEQUE

    • Venkkatesh Kake
      December 27, 2017 @ 10:32 AM

      If the Capital into the business is brought by the owner through bank transfer from his Savings Account to his Business Bank Account then the entry is as follows.

      Business Bank Account dr 20,000/-
           To Capital Account            20,000/-
      
      

    • Rudra
      January 28, 2018 @ 7:40 PM

      Bank a/c dr
      To capital A/c

  48. parag
    February 8, 2018 @ 11:19 PM

    Dr sir, i am running a firm and yrealy turnover is aroud 3lacks,
    Now, i decided to telly my transections, so what shoud be my capatil?

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