1 / 9

tally training in Chandigarh

Tally training in Chandigarh, Tally is an accounting software which is used to generate every type of accounting<br>Taxation and Payroll management ,inventory management ,calculating GST and etc <br><br>

ashish34
Download Presentation

tally training in Chandigarh

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tally training in Chandigarh

  2. In Tally there are four basic accounting vouchers namely Contra Entry Payment Entry Receipt Entry Journal Entry

  3. When there are just two accounts namely 1) Cash Account and 2) Bank Account an accounting entry which is required to created is Contra Entry. For example, you want to deposit your old ₹500 and ₹1,000 notes in the bank, the entry required for the above would be a contra entry. On the other if you want to withdraw new ₹2,000 notes in exchange for the old notes, it would again be a contra entry. You can even enter the bank details in new version of Tally.ERP 9 like cheque no., number of notes deposited or withdrawn, branch name etc. Contra Entry

  4. Payment Entry It is basically an entry for paying something. For example, if you want to pay salary to someone working for you, it will be payment entry. Or if you want to pay for an expense such as maintenance expenses, you have to pass a payment entry.

  5. Receipt Entry It is the exact opposite of a payment entry. It is passed when you receive cash or an amount in your bank account. For example, if you receive cash for selling things, it will be a receipt entry. Or you are paid your salary in your bank account for working for someone, it will again be a receipt entry.

  6. Journal Entry It is an accounting entry which is required to be created when there is no cash or bank account involved. So, basically it is an entry for transactions such as outstanding payments or receipts,accounting adjustments or it can be closing entries at the end of the accounting year. In simple words, whenever there is no cash account or bank account involved it is a journal entry. In ancient times, there used to be a journal book specifically for this kind of accounting entries and hence the name journal entry is given.

  7. Their respective Tally shortcuts are F4 – Contra Entry F5 – Payment Entry F6 – Receipt Entry F7 – Journal Entry

  8. 09988741983,0172-5031983 • counselor.cbitss@gmail.com • Website: http://cbitss.net

More Related