Name: Rachaita Santra

Address: 17/B Hemchandra Mukherjee Road

kol-700008
Cu Registration No.: 057-1211-0293-21
Cu Roll .No: 211057-11-0012
College Roll No.: 47
 TALLY ERP 9
INTRODUCTION
Tally is an ERP accounting software suite used for capturing a company’s day-
today business data. Tally ERP 9 software is a popular financial accounting and
inventory management system. It is one of the greatest accounting software
programs that can be combined with other company applications such as sales,
finance, purchasing, payroll, inventory, and so on. Tally software keeps
detailed records of all company transactions for each account. It uses a double-
entry accounting method, which eliminates and corrects potential mistakes.
The software is one of the most widely used accounting programs in India. It is
full enterprise software for small and medium-sized businesses.
The program is a fantastic blend of function, control, and built-in
customizability for a superb business management solution and GST software.
Tally. ERP 9 enables business owners and their associates to interact more in
account-related discussions. It is a complete product that retains its original
simplicity while providing comprehensive business functionalities such as
Accounting, Finance Management, Inventory Handling, Sales, Purchase &
Selling, Sales, Manufacturing, Job Costing, Payrolls, and Branch Management,
as well as compliance capabilities for Excise, GST, TDS, and TCS.
Tally is little more than computerized accounting. We keep accounts in manual
books and record accounting entries as debit and credit. We make entries in
Tally in the same way.
 • FEATURES OF TALLY ERP:
Tally is a renowned and powerful Indian accounting software that is widely
used in India. It is powered by a concurrent, multi-lingual, accelerated
technological engine. Tally. ERP9 is much more than accounting software. The
program is an excellent business management solution as well as GST
software. In technical terms, “ERP” stands for Enterprise Resource Planning.
However, for a layperson, the word suggests that the user can run their whole
business with Tally entirely on their own, as it is extremely user-friendly
software.

• Tally.ERP9 accounting software is simple to set up and operate, and it is

meant to ease the complicated day-to-day processes involved with a
business. It enables simple keyboard operations and requires just a basic
understanding of accounting and English to utilize.
• Tally.ERP9 offers a specific Auditors’ Edition that includes auditing and
compliance features exclusively for Chartered Accountants.
• Tally.ERP9 gives its users the ability to access data from any location at
any time.
• Tally.ERP9 is scalable and eliminates the requirement for a firm to adjust
its operating style to adapt to the nature of the application.
• Tally has concurrent multilingual capabilities.
• ERP9 customers have the unique option to manage their accounts in any
Indian language, see them in another language, and print them in still
another Indian language.
• Tally.ERP9 provides flexibility to produce quick reports for any given
period, whether a month, year, or at any point in time, as well as the
ability to move between Accounting and Inventory reports of the same
company or different firms.
• Tally. ERP9 enables the generation of rapid and accurate reports,
allowing management to make timely and precise choices for the
organization’s overall productivity and growth.
• The program serves as a conduit between the user and the Tally.
• ERP9 is deployed at several locations and allows the user to centrally
configure and administrate Sites or Users associated with an account.
 ADVANTAGES OF TALLY ERP9 SOFTWARE
• Tally ERP 9 software supports a wide range of languages, which is why it
is known as multi-lingual tally software.
• Accounts can be maintained in one language, while reports can be seen
in another.
• You can create and administer up to 99,999 accounts.
• Using the payroll tool, you may automate staff record administration.
• Tally has a synchronization function that allows transactions kept in
several locations and offices to be instantly updated.
• Construct consolidated financial statements in line with the demands of
the firm.
• Managing single and many groups is an important aspect of the tally.
• Invoices may be created with a single item, several items, different tax
kinds, and even multiple currencies.
• Multiple currency invoices with the value breakdowns of the
transactions in terms of the different currencies can be printed.
• Tally accounting software works seamlessly with a variety of Microsoft
apps.
• Tally offers a comprehensive solution based on accounting principles,
inventories, and data integrity.
• Tally software has an easy-to-use interface, making it straightforward to
utilize.
• Multiple people can share a single connection.
• ERP9 may easily be utilized in combination with the Internet to provide
worldwide financial reporting.
• Within minutes of installation, users may begin logging transactions and
producing invoices.
• ERP9 offers a one-stop shop for compliance.
• Tally ERP 9 software has a low total cost of ownership and is simple to
deploy and configure.
• Supports many operating systems, including Windows and Linux, and
may be installed on several machines.
• It has built-in backup and restores capabilities, allowing the user to
effortlessly back up all company data in a single directory on a local
system drive.
• It supports all protocols, including HTTP, HTTPS, SMTP, ODBC, FTP, and
others.
GATEWAY OF TALLY
The Gateway of Tally is the main screen in Tally ERP 9, serving as the central
hub from which users can access various features and functions. It is designed
to provide quick navigation to different parts of the software, making it easier
for users to manage their accounting and business activities.

Key Components of the Gateway of Tally

1. Company Information

• Select Company: Allows users to select and open a company’s data.

• Shut Company: Closes the company that is currently open.
• Create Company: Initiates the process to create a new company in Tally
ERP 9.
• Alter Company: Permits modification of the existing company’s details.
• Split Company Data: Helps in splitting company data at the end of the
financial year or for any other reason.
• Group Company: Enables creating a group company by combining
multiple companies for consolidated reports.

2. Masters

• Chart of Accounts: Includes ledgers and groups essential for accounting.

• Stock Items: Manages inventory items, groups, categories, and units of
measure.
• Payroll Masters: Handles employee information, salary details, and
payroll setup.
• Cost Centres and Profit Centres: Tracks income and expenses for specific
projects or departments.

3. Transactions

• Accounting Vouchers: For entering daily financial transactions, such as

payments, receipts, sales, purchases, and journals.
• Inventory Vouchers: For managing inventory-related transactions like
stock journals, delivery notes, and receipt notes.
• Payroll Vouchers: For processing payroll transactions including
attendance, salary, and reimbursement entries.
4. Utilities

• Import Data: Allows importing data from external sources into Tally ERP
9.
• Export Data: Facilitates exporting data for use in other software or for
reporting purposes.
• Data Backup and Restore: Provides options for backing up data and
restoring it in case of data loss.
• Multi-Language Support: Offers the ability to switch the interface to
different languages.

5. Reports

• Financial Reports: Includes balance sheet, profit & loss account, trial
balance, cash flow, and fund flow statements.
• Inventory Reports: Covers stock summary, movement analysis, stock
aging analysis, and item-wise profitability.
• Statutory Reports: Generates GST, TDS, TCS, VAT, excise, and other
statutory compliance reports.
• Payroll Reports: Provides salary statements, pay slips, and statutory
compliance reports like PF and ESI.

6. Display

• Account Books: Displays ledgers, cash/bank books, journal registers, and

other accounting books.
• Statement of Accounts: Includes outstanding receivables/payables,
group summary, and cost center reports.
• Inventory Books: Shows stock summary, item-wise details, and stock
registers.

7. Configuration and Settings

• Company Configuration: Manages settings related to the company, such

as financial year details and base currency.
• Voucher Configuration: Customizes voucher types, numbering, and other
preferences.
• Inventory Configuration: Adjusts settings related to stock management
and valuation methods.
• Payroll Configuration: Sets up payroll-related configurations, including
pay heads and statutory details.
Navigating the Gateway of Tally

• Menus and Sub-Menus: The Gateway of Tally is structured in a

hierarchical manner with main menus and sub-menus, making it easy to
navigate to specific features.
• Buttons and Shortcuts: Various buttons and keyboard shortcuts are
available for quick access to frequently used functions.
• Search Functionality: Users can search for specific features or reports
directly from the Gateway of Tally.
 TALLY ERP 9 ASSIGNMENT
Project on CA and E Filing

Open account in Tally Package by give your C.U Roll Number

1. Opening balance
a. Plant and Machinery Rs.475000
b. Furniture and Fixture Rs.473000
c. Sundry Debtors
i. ABC company limited Rs.47500
ii. Sharma & company limited Rs.47400
d. Central Bank of India Rs.47250
e. Cash in hand Rs.47200
f. Sundry creditors
i. XYX Company Limited Rs.47150
g. Loan Taken Rs.473000
h. Capital Balancing figure
2. Pass the following entry in transactions option
a. Purchase goods from XYZ Company Limited on credit Rs.474500
b. Sold goods to ABC Company Limited on credit Rs.476500
c. Received Cheque from ABC Company Limited Rs.476000
d. Paid Cheque to XYX Company Limited Rs.474200
e. Commission Received in cash Rs.47500
f. Purchased stationery Rs.4750 in cash
g. Paid local conveyance Rs.4725
h. Paid to Airtel Company by Cheque Rs.4720
i. Withdraw cash from bank Rs.472000
j. Purchase sweets for guest Rs.4730
k. Paid to Bengal Rowing Club Rs.47100
l. Received Cheque from Sharma & Company limited Rs.47200
m. Paid Rent by cheque Rs.47150
3. Adjustment Entry
a. Depreciation on plant and machinery @20%
b. Depreciation on furniture and fixture @10%
c. Outstanding Salary Rs.47250
d. Interest on loan @10% to be provided.
4. Take Print out of the following
a. Trial Balance
b. Cash book
c. Bank book
d. Profit & Loss Account
e. Balance sheet
f. Cash Flow Statement
 PRINTOUT OF THE ASSINGMENT

a. Trial Balance
b. Cash Book

c. Bank Book
d. Profit & Loss Account
e. Balance sheet
f. Cash Flow Statement