Lesson Objectives
On completion of this lesson, you will be able to understand
- Salient Features of Tally.ERP 9
- Key Components of Tally.ERP 9
- How to start and exit Tally.ERP 9
- Setting up a company in Tally.ERP 9
- Working with companies in Tally.ERP 9
Tally.ERP 9 is the world's fastest and most powerful concurrent Multi-lingual business Accounting and Inventory Management software. Tally.ERP 9, designed exclusively to meet the needs of small and medium businesses, is a fully integrated, affordable and highly reliable software. Tally.ERP 9 is easy to buy, quick to install, and easy to learn and use. Tally.ERP 9 is designed to automate and integrate all your business operations, such as sales, finance, purchasing, inventory, and manufacturing. With Tally.ERP 9, accurate, up-todate business information is literally at your fingertips anywhere. The powerful new features and blazing speed and power of Tally.ERP 9 combined with enhanced MIS, Multi-lingual, Data Synchronization and Remote capabilities help you simplify all your business processes easily and cost-effectively.
Salient Features of Tally.ERP 9
- A leading accounting package: The first version of Tally was released in 1988 and, through continuous development, is now recognised as one of the leading accounting packages across the world, with over a quarter million customers. Tally’s market share is more than 90%.
- No accounting codes: Unlike other computerised accounting packages which require numeric codes, Tally.ERP 9 pioneered the ‘no accounting codes’ concept. Tally.ERP 9 users have the freedom to allocate meaningful names in plain English to their data items in the system.
- Complete business solution: Tally.ERP 9 provides a comprehensive solution to the accounting and inventory needs of a business. The package comprises financial accounting, book-keeping and inventory accounting. It also has various tools to extract, interpret and present data.
- Integrated/ Non-integrated accounting and inventory: With Tally.ERP 9, the user is able to choose between accounting and accounting with inventory. If accounting with inventory is opted for, the user can choose whether it should be integrated or not.
- Flexible and easy to use: Tally.ERP 9 is very flexible. It mimics the human thought process, which means that Tally.ERP 9 can adapt to any business need. Tally.ERP 9 users need not change the way their business is run to adapt to the package.
- Speed : Tally.ERP 9 provides the capability to generate instant and accurate reports, which assists the management to take timely and correct decisions for the overall productivity and growth of the company.
- Power : Tally.ERP 9 allows the user to maintain multiple companies and with unlimited levels of classification & grouping capabilities. It also allows drill downfacility from report level to transaction level.
- Flexibility : Tally.ERP 9 provides flexiblity to generate instant reports for any given period (month/year) or at any point of time besides providing the facility to toggle between Accounting & Inventory reports of the same company or between companies.
- Concurrent multi-lingual capability : Tally.ERP 9 offers you the exclusive capability of maintaining your accounts in any Indian language, viewing them in another language and printing them in yet another Indian language.
- Real time processing : Immediate posting & updation of books of accounts as soon as the transactions are entered, thereby facilitating instant statements & Reports. It also faciliaties real-time multi-user environment.
- Versatility: Tally.ERP 9 is suitable for a range of organisations, from small grocery stores to large corporations with international locations and operations.
- Multi-platform availability: Tally.ERP 9 is available on Windows 95, 98, ME, 2000 and NT. It runs on a single PC or on a network. On a network, it supports access via any combination of platforms.
- Online Help : The Tally.ERP 9 Online Help (Alt+H) provides instant assistance on basic and advanced features or any other relevant topics of Tally.ERP 9.
- Tally.NET : is an enabling framework which establishes a connection through which the remote user can access the Client's data without copying / transferring the data.
- Remote Access : Tally.ERP 9 provides remote capabilities to access the data from anywhere and anytime.
- Control Centre : works as an interface between the user and Tally.ERP 9 installed at different sites and enables the user to centrally configure and administer Site/User belonging to an account.
- Support Centre : allows a user to directly post his support queries on the functional and technical aspects of the Product.
- Auditor's Edition : Tally.ERP 9 offers a special Auditors' Edition of Tally.ERP 9, which provides auditing and compliance capabilities exclusively for Chartered Accountants.
| BASIC ACCOUNTING | BASIC INVENTORY |
|---|---|
| Complete book-keeping | Stock categories |
| Books, registers and statements of accounts | Stock query by stock group, or stock category |
| General ledgers | Multiple godowns |
| Accounts receivable and accounts payable | Stock transfers to godowns and branches |
| Flexible voucher numbering | Multiple stock valuation methods |
| Flexible classification of account heads | Batch-wise/ Lot-wise, including expiry date handling |
| Panoramic view | Alternate units of measure and tail units. |
| Drill-down display | Tracking through receipt notes/ delivery notes/ rejections inwards/ rejections outwards |
| Database reporting | Additional costs incurred on purchase |
| Voucher and cheque printing | Movement/ Profitability analysis Partywise/ Item-wise/ Stock Group-wise |
| Columnar reports | Customisable sales invoices using price lists with multiple prices |
| Bank reconciliation | Sales and purchase order processing |
| ADVANCED ACCOUNTING | ADVANCED INVENTORY |
| Multiple companies | Stock items classified as raw materials,work-in-process, finished goods |
| Multi-currency | Bill of Material with auto-adjustment of stocks |
| Multiple financial years | Job-working concepts, including sub-contracting |
| Comparison of data using multi-columnar reporting. | Additional cost of manufacturing with notional value and percentage |
| Memo vouchers | CENVAT support |
| Post-dated vouchers | Reorder levels |
| User-defined voucher types | Stock ageing analysis |
| Sales and purchase extracts | Batch related stock reports |
| Cash flow statement | Point of Sale (POS) |
| Daily balances and transaction values/ Interest calculations | Excise/ VAT/ Central Sales Tax (CST)/Tax Collected at Source (TCS) related Inventory transactions and reports |
| Percentage-based reporting | |
| Ratio analysis | |
| Value Added Tax (VAT) | |
| Service Tax (ST) | |
| Fringe Benefit Tax (FBT) | |
| Tax Deducted at Source (TDS) | |
| Tax Collected at Source (TCS) | |
| Excise | |
| Payroll |
No comments:
Post a Comment