Features Of Tally Accounts with Inventory Multiple Godown. Multiple Currencies Reconciliation Voucher Class. Budget and Controls Price List Export and Import of Data Batch wise Details Tally Audit Security Control Web-Enabled Print Preview Online Help Backup and Restore KIRAN SALUNKE
Definition Of Accounts :- The individual record of Person, Firm, Asset, abilities, Expenses or Income is called as Account.Book Keeping :- Book Keeping means maintaining the record of businesstransaction in a systematic manner. Transaction :- An exchange of money or money’s worth between two parties is called a transaction. Type of Transaction 1. Cash Transaction 2. Credit Transaction Objective Of Book Keeping :- To know the profit or loss of business during a particular period. To know the capital invested in the business on any particular day. To know the total assets and liabilities of the business on a particular date. To know the total debtors and creditors of the business. To find out the total incomes and total expenditure of the business.
Manual System Journal Book :- It is a book of accounts where the transactions are recorded for the first time.
Manual System Ledger Book :- Ledger contains accounts of several persons, assets, expenses, incomes, profits, etc. A ledger is a book of accounts where the transactions are transferred from the journal book. Dr. Ledger a/c Cr.
Manual System Trial Balance :- The list or the statement of balances of ledger accounts on a particular date is known as “Trial Balance.” Trial Balance of xyz company as on 1st April,2002
Manual System Trading & Profit & Loss A/c :- It is an account which shows the net Profit / Net Loss of a business for certain period. Trading & Profit & Loss A/C For the year ended 31st March 2003
Manual System Balance Sheet :- The Balance Sheet is a statement showing the financial position of the business as on a particular day. “Financial Position” means the details of the different assets & liabilities. Balance Sheet As on 31st March 2003
Types of Accounts Personal Accounts Impersonal Accounts Nominal Accounts Real Accounts
Personal A/c :- The type Personal Account includes the accounts of individuals, banks, partnership firms, companies, etc. The Principle of Personal Account is as follows :- DEBIT THE RECEIVER, AND CREDIT THE GIVER. He is the giver She is the Receiver
Real Account :- The type Real account includes the account of assets, properties, goods and cash. The principle of Real Account is as follows :- DEBIT WHAT COMES IN CREDIT WHAT GOES OUT. Purchase Transaction :- Goes out Comes in
Nominal Account :- Nominal account includes the accounts of all expenses and losses, incomes, and gains. The principle of Nominal Account is as follows :- DEBIT ALL EXPENSES AND LOSSES CREDIT ALL INCOMES AND GAINS (PROFITS) Profit Loss
Inventory :-Available stock at Factory site.Types of Inventory :-* Raw Inventory* Processing Inventory* Finished Inventory Procedure of Inventory Control : Sales Sales Order – Delivery Note – Rejection In – Sales Invoice – Sales Voucher – Receipt Voucher Purchase Purchase Order – Receipt Note – Rejection Out – Purchase Invoice – Purchase Voucher – Payment Voucher
Delivery Note Shortcut Key (Alt+F8)
Receipt Note :- Shortcut Key (Alt+F9) Rejections Out :- Shortcut Key (Alt+F6)
Physical Stock :-Shortcut Key (Alt+F10) Stock Journal :- Shortcut Key(Alt+F7)
Reversing Journal Voucher :- Shortcut Key (F10) Reversing Journals are used for the purpose of Scenario Management reporting. Detailed explanation is available on in Volume Two.
Memo Voucher :- Shortcut Key(F10) This is a non-accounting voucher and the entries made using it will not affect your accounts. That is, Tally does not post these entries to ledgers but stores them in a separate “Memo Register”.
Optional Voucher :- This is another non-accounting voucher. However, it differs from the Memo voucher in two respects :Firstly, it is not a voucher type, all other voucher types can be marked ‘Optional’ during voucher entry.Secondly, you have the option to bring this voucher into your accounts Temporarily and see its effect on financial reports.
Inventory Voucher Sales Order Purchase Order
Sales Order :- Shortcut Key(Alt+F4)
Purchase Order :- Shortcut Key (Alt+F4)