Professional Documents
Culture Documents
G.Bhuvaneswari
M.B.A. Iyr B
COMPUTERISED
ACCOUNTING
COMPONENTS OF
COMPUTERISED ACCOUNTING
SOFTWARE
FOUNDER
OF TALLY
Mr. BHARAT
GOENKA
WHAT IS TALLY??
VERSIONS IN TALLY
Tally 4.5
Tally was stared with its 1st version Tally
4.5,which was a DOS program. This program
was very light weight and very fast in
operation.
Tally 5.4
The next version was 5.4 which was graphic
interface version. It became popular in the
masses.
Tally 6.3
Next version was tally 6.3 which was truly windows
based version which could support fast printing and with
VAT implemented.
Tally 7.2
Next version of Tally was Tally 7.2. It was also fast
version with lots of new feature like statutory compliant
versions. Different VAT rules for different states was
achieved with this version.
Tally 8.1
Tally 8.1 was developed with new data structure of Tally.
A module of POS and Payroll was added to it. The
version could not become popular and company has to
abort it before time and launch new version.
Tally 9
This is the latest version of Tally which has maximum
features. All other versions have been declared end of
life period by Tally company. Tally 9 has advance
features like Excise for Dealers, Payroll, FBT, TDS, eTDS filing facility etc along wit its regular features
related to accounting and inventory management.
Tally ERP 9
Excise for manufacturers has been one of the most
eagerly-awaited features in Tally.ERP 9. Tally ERP 9 is
designed for ordinary people to manage a business from
wherever they are. All the business IT requirements are
exclusively supported with the help of Tally ERP9.
FEATURES OF TALLY
GENERAL FEATURES :
CONTI
Multilingual Business
Accounting Management
Features
Simple and rapid installation:
Tally has a simple , menu driven installation
procedure. Tally can be installed in any drive. It
uses minimum hard disk space in the local drive.
Internal backup/restore:
Tally has an in-built , user friendly backup and
restore option. It helps the user to take backups of
one or more companies or all companies in a single
directory in the local disk.
Data Reliability:
It uses a flexi-field, flexi-length, weighted file
structure for an extremely compact and fast
database. Tally is robust and data is not lost even if
there is a power failure or if computer is shut down
incorrectly.
User-defined security levels:
Tally offers high level of security. The user can define
multiple levels of security according to
requirements. Every user can have individual
passwords with rights to use specific features only.
Tally Audit:
The Tally audit features provides the user with
administrator rights, a capability to check the
correctness of the entries made by authorized users
and alter the entries if necessary.
VOUCHER
TYPES OF VOUCHERS
The standard vouchers are.
Contra Voucher(F4)
Payment Voucher(F5)
Receipt Voucher(F6)
Journal Voucher(F7)
Sales Voucher(F8)
Credit Note{sales return} (Ctrl F8)
Purchase Voucher(F9)
Debit Note{purchase return} (Ctrl F9)
PAYMENT VOUCHER:
Transactions involving payment of cash or cheque
are accounted using Tallys payment voucher.
The shortcut key used for payment voucher is F5.
Expenses made for buying FA, Indirect expenses
Eg:
o Telephone charges paid
o Rent paid
RECEIPT VOUCHER :
Transactions accounting for money received are entered
into Tally through the receipt voucher.
The shortcut key used for receipt voucher is F6.
Incomes through cash, Indirect incomes
Eg:
o Commission received.
SALES VOUCHER:
Transactions related to cash and credit sales are
recorded here. The shortcut key used for sales
voucher is F8.
E.g.
o Goods sold to Raman on credit basis.
PURCHASE VOUCHER:
Transactions related to cash and credit purchases
are recorded here. The shortcut key for purchase
voucher is F9.
E.g :
o Goods purchased from Raman on credit basis.
JOURNAL VOUCHER:
Journal entries are used in instances where the
company requires adjusting the debit and credit
amounts without involving the cash or bank
accounts. Future payments and revenues. The
shortcut to key used for journal voucher is F7.
E.g:
o Stationery charges payable to Raj.
CREATION OF A COMPANY
The first step towards understanding Tally is
to create a company in Tally.
We can create it by using the company
creation screen.
Go to Gateway of Tally> Company Info>Create
company.
The shortcut key used to create a company is
Alt F3
Below you can find the information given in
the Company Creation Screen.
FIELDS IN COMPANY
CREATION
CONTI.
CREATION OF LEDGER
VOUCHER ENTRY
REPORTS GENERATED
Trial balance
Day books
Accounts Books
Statement of accounts
Profit and Loss account
CONCLUSION