Accrual. Under Accrual method of accounting, the transactions are recorded when earned or incurred rather when collected or paid i.e. Tally eBook for Beginner - Free download as PDF File .pdf), Text File .txt) or read This ebook helps to learn tally for beginners. Features of Tally ERP 9. First Screen. 6 – 6. 4. Select Company. 7 – 7. 5. Choose Company. 8 – 8. 6. Gateway of Tally. 9 – 9 Guidelines on Basic Accounting Principles and Concepts.

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terney.info9 Book + GST Assignment @ `. ! 15 Chapters in terney.info9 Book + 21 Chapters in GST Practical Assignment on GST in terney.info9 & All. terney.info: Teach Yourself Tally ERP 9 eBook: Niranjan Jha: Kindle Store. for last fifteen years has made tremendous effort to simplify the learning of Tally. Download Free Tally ERP9, e-Accounting, GST, Income Tax, e-Filing, Advanced MS-Excel, Basics of Computer etc. Learn through Video Tutorials online by.

Esc At almost all screen. To come out of a screen. To indicate that you do not want to accept voucher or ledger. To view the next level of details and condense the next level or details. A Journal is a book in which business transaction are entered in chronological order. A record of a single business transaction is called a Journal entry. Every journal entry is supported by a voucher, evidencing the related transaction. A Voucher is a document containing the details of financial transaction. Examples include sales invoice, download invoice, pay slip, rent receipt and so on.

Stock Items and Stock Groups in Tally Go through it and I am sure you will learn a lot about Tally which most of the people do not know. You can also create stock market entries in Tally with the help of stock items in Tally so please understand the notes about stock management in detail.

This is what the next part is in our Tally ERP 9 notes. Roti We need raw materials like flour, water, spices and so on. Our finished product will be roti. What if you can create an entire entry like this in Tally? You can and that too with very much ease. This kind of entry is called manufacturing entry in Tally. It can also be used for assembly of goods. You are just putting rotis in packaging and selling. This is called assembling a product. The same manufacturing or inventory entry can also be used for assembly of products too.

Cars are assembled on the assembly because their parts are often manufactured by different companies. Watch the below video and you will learn how to create a manufacturing entry in Tally. It is something everyone knows but still they are confused many a times.

It gets automatically created when you create different vouchers or in simple words, when you pass accounting entries, Tally will build Balance Sheet and Profit and Loss Account for you. There are certain options in balance sheet in Tally which you can use which will help you in understanding balance sheet even better.

For example, you can convert the balance sheet in Tally to a vertical format as per the Companies Act with a click of a button. Similarly, you can use options for profit and loss account in Tally as well. You can also move in between profit and loss account and balance sheet from each of them itself. Stock Summary is basically a reflection of all of your closing stock in Tally. You can also see gross profit on the stock items you sold in the stock summary.

There are many such options like this which will help you learn about your stock in a very deep sense. You can also see opening as well as the closing stock that you have in stock summary in Tally.

In the following video, you will learn about stock summary in detail along with ratio analysis. Ratios are very important for any business. There are many ratios that Tally calculates automatically including gross profit ratio, net profit ratio, current ratio and so on.

By looking at the ratios, you can quickly know where your business currently stands and how better or bad it is performing and you can take the future actions accordingly. Here is the video for you. Tally ERP 9 Practical Assignment These Tally notes were really long but it needed to be long so that you can learn each and everything possible about Tally.

Detailing is necessary and therefore these notes were long but I have tried to keep them as interesting and as knowledgeable as possible. Now, the time is for a practical assignment. I am giving you one single assignment which will cover everything that you have learned in these Tally notes till now. This is how in reality you will have to work with Tally. You will have a client and he will ask you for different things and you have to do it all of them in Tally. In short, this is how practical life works and I have designed this Tally ERP 9 practical assignment in the similar way.

You can even download these Tally notes along with the practical assignment in the PDF format, later in this post, so you can use these notes in the future as well, whenever you feel like it. Here is the Tally ERP 9 practical assignment for you.

Create a company in Tally by your name. Create 3 stock items named milk, roti and mobile. Opening balances of these 3 stock items would be milk — 10 liters, roti — 20 pieces and mobile — 5 numbers. Create 1 sundry debtor outside your state and 1 sundry debtor inside your state. Similarly, create 1 sundry creditor outside your state and 1 sundry creditor inside your state. Totally, there will be 6 GST taxation ledgers.

Tally .ERP 9 in Simple Steps eBook: Kogent Learning Solutions Inc.: terney.info: Kindle Store

download this from inside your state. Also, fill in the E-Way bill details. Now, create a sales entry. This sale will be outside the state. Check the Ratio Analysis and see what is the current ratio and quick ratio.

You can comment down below if you get stuck at any place in this assignment. Also comment the answers once you complete the whole assignment. If you complete this practical assignment in Tally ERP 9 even with mistakes, you will learn much more than going to a Tally coaching center for 3 months.

Once again you can download these Tally ERP 9 notes along with this Tally practical assignment just below. I have really put in my sweat. I have literally written these notes in 44 degrees celcius without AC. Everything that you read, along with all the necessary links, you can download them here in PDF.

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I can tell you one thing for sure. What will be the number of orders and order volume based on the above combination? What will be the time required by the production team from the receipt of order to, production considering available resources?

What will be the requirement lifecycle timeline from placement of the order to the receipt of goods. After finding suitable answers to these questions, the manufacturer, may decide to. Product goods and stock them for sales. Product goods against customer orders. Keep sub - components at a strategic location, to assemble the final product and deliver it to the customer in time.

The above list is not exhaustive or mutually exclusive. The production cycle and the market cycle need net match. Usually, the entire cycle of procurement, production, distribution and realization is longer as compared to other types of organisation. A high level of standardisation is possible. Scientific methods can be used to reduce the production cost, which forms a major part of the total cost of the product. Change in inventory valuation method change the profit made during the period.

Tally.ERP 9 at a Glance.book - Tally Solutions

Accounting in manufacturing organisation requires more planning, preparation and scheduling as compared to accounting in trading and service organisation. Calculating cost of sales is relatively complex in manufacturing organisation as compared to that of trading organisation.

Stock categories. Books, registers and statements of accounts. Stock query by stock group, or stock category. General ledgers. Multiple godowns. Accounts receivable and accounts payable. Stock transfers to godowns and branches.

Flexible voucher numbering. Multiple stock valuation methods. Flexible classification of account heads. Drill down display. Alternate units of measure and tail units.

Database reporting. Voucher and cheque printing. Additional costs in curred on download. Columnar reports. Bank reconciliation. Customizable sales invoice using price lists with multiple prices. Sales and download order processing.

Multi currency. Multiple financial years. Comparison of data using multi-columnar reporting. Memo voucher. Post dated voucher. User defined voucher types. Sales and download extracts. Cash flow statement. Percentage based reporting. Ratio analysis. Bill of material with auto adjustment of stocks. Job working concepts, including sub contracting.

Additional cost of manufacturing with national value and percentage. Modvat support. Recorder levels. Stock ageing analysis. Batch related stock reports. Vat introduction. Value Added Tax is a tax levied on the sale of tangible goods, which according to their nature and legal status, may be movable, immovable, or intangible assets. The Government appoints VAT collectors, who collect the VAT due from goods download or service received and forward the payments to the state treasury.

Taxable Period Taxable period is equal to one calendar month or any other period that does not exceed three calendar months as stipulated in a decree by the minister of Finance. Taxable year Taxable year Taxable year is a calendar year unless the taxpayer adopts an accounting year. Which is different from the calendar year? VAT in Tally Vat for Indonesia in Tally is simple and easy to use with in built class fications for easy voucher entry.

It tracks all VAT enabled transactions and computer them automatically. Transaction can be recorded in foreign currency. Tally allows the generation of simple and standard invoices as well VAT return formsin Government prescribed formats.

Enter the name of the ledger in the Name field 3. Cost Categories Let us take an example. Create three cost categories named Departments, Executives and Projects. The structure for creating Cost Categories and Cost Centres are shown below. In this example, allow allocation of items of both revenue and capital in nature for both Departments and Projects categories and items of only revenue in nature for Executives. Now, salesman A, incurs conveyance expenses. If he has incurred it for marketing, allocate this amount to the cost centres marketing and his own cost centre salesman A.

If the salesman A now incurs expense for the project Buildings, you would allocate to the cost centres salesman A and Buildings. You may allocate an expense to one or more cost centres and it is not essential to always allocate to all cost centres. An expense can remain unallocated to other cost centres.

In case cost categories are not enabled, you will be able to allocate the expense to either building cost centre under projects or salesman A under Executives and not to both. In such a case, you would not obtain the third dimension. You may not have cost categories activated if you do not need to without cost categories, you will allocate the ledger amount to only one set of cost centre, and not to parallel sets.

Hence, you would allocate the conveyance expense to salesman A only and not to both salesman A and project buildings.

You can allocate the expense partly to salesman A and party to project building that adds up to the total amount. This information will not enable you to know now much salesman A spent for the project buildings. Note: you do not allocate transaction to cost categories y allocate them to cost centres only. Cost centre allocations have to be done in pop-up sub-screen in the main voucher entry screen.

The sub-screen pops up after the amount field pertaining to the ledger for which cost centres have been activated. Hence, the following is the sub-screen for the ledger Conveyance amount in a payment voucher. Cost Allocations for: Conveyance Upto: Rs. In this example, make a payment voucher for the amount Rs. Hence, enable cost centres for the ledger conveyance.

Set Cost centre are Applicable to Yes. If the ledger Conveyance is not available create a new one with Cost centres enabled. No Cost centres are applicable :? Allocation is dynamic and done at one stage only, at the time of making voucher entries. Debit the amount to the conveyance ledger. Cost centre allocations have to be done in pop-up sub-screens in the main voucher entry screen.

A sub-screen pops up after the amount field pertaining to the ledger for which cost centres have been activated.

The sub-screen for the ledger conveyance and in a payment voucher appears as shown below. An up-to-date price lists helps in decisions at even the lower levels of the organisation and quickens the sales process.

Tally assists in creating guantity based pricing with complex discount structure. Price lists are available only for inventory items and hence the feature is available only if inventory and invoicing are activated for the company. You can have one or more price lists. More than one price list is required when you have different price structures or levels for different purposes, usually, different groups of customers requiring different discounts or dealing in different products.

Price Levels Customers can be assigned to specific price lists, called price levels in Tally. So that only the relevant price is used during entry of orders and invoices. Before you begin creating price lists, you should decide whether you want different price levels. In a running business, you will already know that. You might want different price levels for various reasons; e. Each customers type could have a different discount structure.

No Company Price Levels 1. Export Consumer Dealer Accept through each screen of company Features by pressing the Enter key do not press escape and return to Gateway of Tally. Alter price levels names To alter the name of a price level, go through the same procedure as enable and create price levels. Assigning Ledger Account to Price Levels. When the Price List feature is activated, it enables an option in party debtor and creditor ledger accounts where the account can be assigned or tagged to a specific Price Levels.

An account can be assigned to only one Price Levels. If the ledger accounts already exist and you wish to assign them to a Price Levels, you have to alter the ledger account. If it is a new ledger account, the option to select a Price Level will be the same and therefore, we will take alteration of an account as an example.

You may assign other ledger accounts in this way. It is not Mandatory to carry out the assigning activity before creating Price Lists. It can be done even alter Price Lists are created. The Pricing Level can be changed to reflect changed circumstances.

For this, simply alter the ledger account and select a different Pricing Level option. How to Create and Use Price Lists. Inter-state sales is when a sale or download constitutes movement of goods from one state to another, Accordingly, Consignments to agents or transfers of goods to branch or other offices is not a sale as per the CST Act.

CST is payable in the state where the goods are sold and movement commences. The tax collected is retained by the state in which the tax is collected.

CST is administered by sales tax authorities of each state. Thus, the state Government sales tax officer who assesses and collects total state sales tax also assesses and collects CST. Inter state sale An inter-state sale takes place when a sale or download. Leads to movement of goods from one state to another state.

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