Scribd
Upload
103 views

Lecture Notes On Tally Erp 9

The document provides instructions on how to create and manage companies, ledgers, and invoices in Tally ERP 9. It describes the key fields needed to create a company such as the name, address, financial year, and currency. It also explains how to load, shut, alter, and delete existing companies. Additionally, it outlines the predefined groups and ledgers in Tally ERP 9 and how to create single ledgers. Finally, it lists the different types of invoices that can be created in Tally ERP 9 such as payment, receipt, journal, purchase, and sales invoices.

Uploaded by

Umashankar Sahu
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
103 views

Lecture Notes On Tally Erp 9

The document provides instructions on how to create and manage companies, ledgers, and invoices in Tally ERP 9. It describes the key fields needed to create a company such as the name, address, financial year, and currency. It also explains how to load, shut, alter, and delete existing companies. Additionally, it outlines the predefined groups and ledgers in Tally ERP 9 and how to create single ledgers. Finally, it lists the different types of invoices that can be created in Tally ERP 9 such as payment, receipt, journal, purchase, and sales invoices.

Uploaded by

Umashankar Sahu
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Lecture Notes on Tally ERP 9

Edited by Abbas Vattoli

Creating a Company

Creating a Company involves providing basic information about the company whose books of accounts
are to be maintained in Tally.ERP 9. To create a company:

Go to Gateway of Tally > (Alt+F3) Company Info. > Create Company

The following are the important fields to be filled while creating a company

 Directory - The data path where you want the company to be created is specified in the
Directory field
 Name - Enter the name of the company whose books are being opened. If you are a professional
accountant and are maintaining the books of your clients, give the Client Company's name.
 Mailing Name and Address - In addition to the Company Name, Tally.ERP 9 provides the facility
to enter the Mailing Name field.
 State - You can select the appropriate state from the predefined list.
 PIN Code - Specify the PIN Code (Postal Index Number) of the specified address.
 Telephone - Enter the Telephone number.
 Mobile No - Enter the mobile number of the company.
 E-mail Address - Enter the E-mail address that will be used to e-mail documents, reports and
data from Tally.ERP 9.
 Currency - Currency symbol is the symbol of the base currency, that is, the currency that will be
used to
 maintain the books of account - Maintain Tally.ERP 9 displays a drop down for the Type of
Company with two options Accounts only and Accounts with Inventory
 Financial Year From - In most countries, the books of accounts of a company are maintained for
a stipulated period like, 12 months, 15 months, and so on. This stipulated period is referred to
as the Financial Year.
 Tally Vault Password - Tally Vault is an enhanced security system, which allows for encryption of
the company data. Encryption involves converting normally accessible Tally information into
unrecognizable information, which can only be reconverted by authorized persons.
 Use Tally Audit Features - Tally Audit allows the administrator or an auditor profile user to track
changes in accounting information. If you wish to use this facility, select Yes. Tally Audit will be
available only to the administrator/auditor, through Display of Statements of Accounts
 Base Currency Information - The Base Currency Information is found in the bottom frame of the
Company creation Screen.
Loading a Company

Select Company option allows you to load another company from the list of companies listed which you
may have created earlier. Press Enter on Select Company or use the button F1: Select Cmp

Shut a Company

Shut a Company is to unload it. It does not mean that you have deleted it. Simply select it again to load
and work on it again. You can shut a company in two ways – either using the button F1: Shut Cmp (Alt +
F1) or pressing Enter on Shut Company menu option on the Company Info. Menu.

Alter a Company

This option allows you to alter information about the existing company.

Delete a Company

This option allows you to delete an existing company.

Pre-defined Groups in Tally.ERP 9

Pre-defined Groups in Tally.ERP 9

By default, Tally.ERP 9 provides a list of Groups called pre-defined groups. The user can create any
number of Primary Groups and Sub Groups which are again grouped under a Primary Group/Sub Group.
There are 28 pre-defined Groups in Tally.ERP 9, out of which 15 are Primary Groups and 13 are Sub-
Groups.

15 Primary Groups 13 Sub Groups


Branch / Divisions Bank Accounts
Capital Account Bank OD A/c
Current Assets Cash-in-hand
Current Liabilities Deposits (Asset)
Direct Expenses Duties & Taxes
Direct Incomes Loans & Advances (Asset)
Fixed Assets Provisions
Indirect Expenses Reserves & Surplus
Indirect Incomes Secured Loans
Investments Stock-in-hand
Loans (Liability) Sundry Creditors
Misc. Expenses (ASSET) Sundry Debtors
Purchase Accounts Unsecured Loans
Sales Accounts
Suspense A/c
Out of the 15 Primary Groups, 9 Primary Groups appear in the Balance Sheet which are Capital in nature
and 6 Primary Groups appear under Profit & Loss Account which are Revenue in nature. 13 Sub Groups
are classified under the 15 Primary Groups and they appear in the Balance Sheet.

Pre-defined Sub Groups Under


Bank Accounts Current Assets
Bank OD A/c Loans (Liability)
Cash-in-hand Current Assets
Deposits (Asset) Current Assets
Duties & Taxes Current Liabilities
Loans & Advances (Asset) Current Assets
Provisions Current Liabilities
Reserves & Surplus Capital Account
Secured Loans Loans (Liability)
Stock-in-hand Current Assets
Sundry Creditors Current Liabilities
Sundry Debtors Current Assets
Unsecured Loans Loans (Liability)

Pre-defined Ledgers in Tally.ERP 9

There are two pre-defined ledgers available in Tally.ERP 9, they are:

Cash - This Ledger is created under the Group Cash-in-hand. You can enter the opening balance as on
the date of books beginning from. You can also alter the name and even delete the Ledger.

Profit and Loss Account -This Ledger is created under the Group Primary. Previous year’s Profit or Loss is
entered as the opening balance for this ledger. The balance entered here is treated as the opening
profit/loss and shown in the Balance Sheet as opening balance of Profit and Loss account in the
Liabilities side.

You cannot delete this ledger, but you can modify the same.

Creating a Single Ledger

Go to Gateway of Tally > Accounts Info > Ledgers > Create

The following fields are required to be filled while creating a ledger

 Name - Enter the Name of the account.


 Alias - Enter an alias name if required.
 Under - All accounts must be classified under their appropriate Groups
 Opening Balance - If yours is an existing company whose books you are entering into Tally.ERP 9,
Opening Balance would be applicable in circumstances where the Ledger is an asset or a liability
and if it has a balance in the account as on the date of beginning of books in Tally.ERP 9.
Type of Invoices

Invoices are used to enter transactions into tally

 Creating a Payment Invoice


Go to Gateway of Tally > Accounting Vouchers > F5: Payment
 Creating a Receipt Invoice
Go to Gateway of Tally > Accounting Vouchers > F6: Receipt
 Creating a Journal Invoice
Go to Gateway of Tally > Accounting Vouchers > F: Journal
 Creating a Purchase Invoice
Go to Gateway of Tally > Accounting Vouchers > F9: Purchases
 Creating a Sales Invoice
Go to Gateway of Tally > Accounting Vouchers > F8: Sales
 Creating a Debit Note for purchase returns
Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9: Debit Note
 Creating a Credit Note for Sales Returns
Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8: Credit Note

You might also like