Tally.ERP 9 has been developed by Tally.ERP 9
Solutions Pvt. Ltd., a Bangalore-based Company in India. It’s a very
user-friendly and popular Accounting Software that runs on MS Windows and also
Computes for Indian VAT, TDS and Service Tax. It can even maintain your
accounts and Inventory simultaneously. A few key features of Tally.ERP 9 are
listed below...
Codeless Accounting System : Normally
for other Accounting Software’s, a certain code is used for identifying any
particular ledger, for example, Ledger Code B2081indecates “ Printing
& Stationary”.
Unlimited Accounting Period : It means you can
maintain the records for more than one Financial Accounting Period, for
example, you can maintain the record for the financial
Year ( F.Y.) 05-06 and 06-07 for the same company.
Simultaneous Operation of multiple companies:
It means you can update the data record for more than one
Company simultaneously, for example : at the same you can update the data for
all of your companies in the same group.
Accounting for the Complete Group of
Companies: You can prepare a consolidated balance sheet for
all the members of your group companies.
Top-Level security for each
company: You can create different levels of users and restrict their
activities by assigning them rights, For example, ; you can create a user for
data entry , who can only enter the transaction, but can not view the report
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Facilities with
Tally.ERP 9
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- Data Import and Export Facility: You can import or export any
particular data from one Company to another Company.
- Audit Facility: Using this facility you can check the
recorded voucher and make modifications as per requirement.
- Budgeting: Allows you to analyze the
variance (difference between actual and Standard) for expenses, income,
etc.
- Scenario Management: Can be used for projected Profit and
Loss A/c and Balance Sheet.
- Bank Reconciliation Statement
- Price List, Ageing Analysis for Stock Item: Rate of Product
can be defined with its quantity.
- Cost Center and Cost Category-wise Account Analysis: These
features are very useful for Unit –wise analysis, for Example: You may
want to analyze employee-wise cost, Brach-wise Cost etc.
- Usefulness in Manufacturing Business: Useful for calculation
of Cost of Goods Sold.
- Ratio Analysis, Cash Flow, Funds Flow
- E-capabilities
- Foreign Currency: Useful for calculation of foreign gain and loss
using foreign currency.
- Defining the Bill / Voucher Entry Setup.
- Columnar Reporting related to Stock and Accounts.
- Adherence of Purchase and Sales procedure such as Order, Challan,
Bill.
- Credit Control: Credit Control is possible for a Customer.
- Tracking through Receipt / Delivery Notes.
- Profitability Analysis of Stock.
- Accounts for...
(a)
Indian VAT
(b)
TDS
(c)
E-TDS
(d)
Service Tax
Application
Areas of Tally.ERP 9
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Due to these unique Features and Multifarious
facilities, Tally.ERP 9 is widely used by different kinds of Business Companies
and other Organizations for maintaining the Accounts of...
Company
Individual
Charitable Trust
Trader
Manufacturer
Enterprise
Partnership Firm
Shop
Transport
Service Industries
Nursing Home
Petrol Pump
Pharmaceuticals
Departmental Stores
Whole-Seller
Insurance Agents
Restaurant
School
Institutions
Tutorials
Advocate
Builders
Chartered
Accountants
Chit Funds
Doctors
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Advantages of Computerized Accounting over Manual Book-eeping
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Manual Book-keeping has to bother for all the
following steps:
1. Creating Ledger and
carrying forward their closing balances.
2. Recording Cash
Transactions in a Cash-Book and Bank Transactions in a Bank Book.
3. Recoding other Non-Cash
Transactions in a Journal Book.
4. After recording you have
to calculate the balances of the Ledgers.
5. Preparing Trial Balance
to prepare Final Accounts.
6. Deriving Nominal Account from
the Trial Balance in the Profit and Loss Account.
7. Posting Real &
Personal Accounts in the Balance Sheet.
But when you are using Tally.ERP 9 you concentrate only on recording the
transactions. Tally.ERP 9 automatically generates all kinds of reports for
you.
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