Scribd
Upload
3 views1 page

Tally Company Practice Guide

The document provides a step-by-step guide for using Tally software to manage company accounts, specifically for ABC Electronics Pvt. Ltd. It includes instructions for company and ledger creation, voucher entries for purchases and sales, viewing trial balances, and generating final reports like Profit & Loss and Balance Sheet. The guide emphasizes the importance of analyzing reports to assess business performance.

Uploaded by

prashant99051
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
3 views1 page

Tally Company Practice Guide

The document provides a step-by-step guide for using Tally software to manage company accounts, specifically for ABC Electronics Pvt. Ltd. It includes instructions for company and ledger creation, voucher entries for purchases and sales, viewing trial balances, and generating final reports like Profit & Loss and Balance Sheet. The guide emphasizes the importance of analyzing reports to assess business performance.

Uploaded by

prashant99051
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Tally Complete Company Practice Guide with

Examples and Results

■ Step 1: Company Creation - Open Tally → Create Company - Name: ABC Electronics Pvt. Ltd. -
Financial Year: 1-Apr-2025 to 31-Mar-2026 - Enable GST: Yes (if applicable) - Save and start working
on ledgers and vouchers.

■ Step 2: Ledger Creation 1. XYZ Distributors (Sundry Creditors) – Under Sundry Creditors 2. ABC
Enterprises (Sundry Debtors) – Under Sundry Debtors 3. Purchase A/c – Under Purchase Account 4.
Sales A/c – Under Sales Account 5. Bank A/c – Under Bank Accounts 6. Cash A/c – Under
Cash-in-Hand 7. Maintenance A/c – Under Indirect Expenses ■ Gateway of Tally → Accounts Info →
Ledgers → Create

■ Step 3: Voucher Entries ■ Scenario: - 01-Mar-2025: Purchased 10 air conditioners @ ■45,000 each
from XYZ Distributors on credit. - 05-Mar-2025: Sold 3 air conditioners @ ■55,000 each to ABC
Enterprises on credit. - 08-Mar-2025: Paid ■50,000 to XYZ Distributors by cheque. - 10-Mar-2025:
Received ■1,50,000 from ABC Enterprises via NEFT. - 15-Mar-2025: Paid ■1,500 in cash for shop
maintenance. ■ Entries: 1. Purchase Entry: - Date: 01-Mar-2025 - Voucher Type: Purchase (F9) - Dr:
Purchase A/c ■4,50,000 - Cr: XYZ Distributors ■4,50,000 2. Sales Entry: - Date: 05-Mar-2025 -
Voucher Type: Sales (F8) - Dr: ABC Enterprises ■1,65,000 - Cr: Sales A/c ■1,65,000 3. Payment
Entry: - Date: 08-Mar-2025 - Voucher Type: Payment (F5) - Dr: XYZ Distributors ■50,000 - Cr: Bank
A/c ■50,000 4. Receipt Entry: - Date: 10-Mar-2025 - Voucher Type: Receipt (F6) - Dr: Bank A/c
■1,50,000 - Cr: ABC Enterprises ■1,50,000 5. Payment for Maintenance: - Date: 15-Mar-2025 -
Voucher Type: Payment (F5) - Dr: Maintenance A/c ■1,500 - Cr: Cash A/c ■1,500

■ Step 4: View Trial Balance & Results ■ Gateway of Tally → Display → Trial Balance - Purchase A/c:
■4,50,000 (Debit) - Sales A/c: ■1,65,000 (Credit) - XYZ Distributors: ■4,00,000 (Credit balance after
payment) - ABC Enterprises: ■15,000 (Credit balance after receipt) - Bank A/c: ■1,00,000 (Credit after
adjustments) - Cash A/c: Reduced by ■1,500 for maintenance - Maintenance A/c: ■1,500 (Expense in
P&L;) ■ Check Profit & Loss and Balance Sheet to verify results.

■ Step 5: Final Reports ■ To view reports: - Profit & Loss: Gateway of Tally → Display → Profit & Loss
- Balance Sheet: Gateway of Tally → Display → Balance Sheet - Ledger Reports: Gateway of Tally →
Display → Account Books → Ledger ■ Practice analyzing reports and identifying business
performance.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy