INTRODUCTION TO TALLY rarer TT ER IB Learning Outcomes After going through this chapter, you are expected to gain workable idea on historical development of Tally software, features of TallyPrime, installation, configuration, features, creation of company, various functions relating to group, ledgers, etc., cost centre, cost category, bank reconciliation and bills of materials functions under Tally Prime. INTRODUCTION: Tally is_one of the most commonly used financial accounting software application used. by gxganisations to maintain the records of all their business transactions, Tally Solutions was established in the early 1980s. Antraweb Technologies is a trusted partner of Tally Solutions almost inception and is a one-stop solution for all your accounting needs providi solutions, which includes installation, support, migration, customizetion, integration, training and Tally software Licence: It is a multi-purpose and cost-effective accounting software application that provides various features, such as government-defined report and challan formats, taxation support, and online transaction processing support) EVOLUTION OF TAL! its complete Tally based Tally Solutions, then known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka and incorporated in 1991, Shyam Sundar Goenka-” Ea Compared Aecounting & E-FiLiNg of Tex Rey, s to plants a ; Was running a company that supplied raw materials and machine part ol ms a textile mills, southern and eastern India. Unable to find software that could manage his books of accoun, ts. h i + he asked his son. Bharat Goenka. 23. a Maths graduate to create a software application th at Would handle financial accounts for his business. The first version of the accounting software was launcheg as an MS-DOS application. It had only basic accounting functions, and was named Peutronies Financial Accountant. In 1999. the company formally changed its name to Tally Solutions. Over the years Tally released its various versions and each new version brought about some Major improvements. Here issummary of how Tally evolved over each preceding versions to the Present Tally Prime and become the most popular and widely used ERP software today globally for small businesses 1. Tally 3.0 : Tally released this version in 1990 wherein it supported only Basic Accounting needs of small businesses. This version required some predefined commands for the software to be operated. This version only ran on Microsoft DOS and was unable to run in Windows OS. 2. Tally 3.12 : Established in 1991, this version of Tally focused on the basics of accounting somewhat similar to version 3.0. 3. Tally 4 : 1992 was the year for version 4 of Tally. Like its predecessors, it also supported DOS based accounting as it could not be run on windows operating system. 4. Tally 4.5 : Tally released this version in 1994 which ran on MS-DOS and focused on financial accounting system. This version focused on accounting activities such as Ledgers Classification Vouchers Entry. It offered simple financial reports and scrutiny of debtors and creditors in the business. 5. Tally 5: The year was 1996 when Tally released its upgraded version to Tally 4.5 working on Windows operating system. This version comprised of inventory modules which involved detailed inventory, structure invoicing and integrating accounting and inventory records. 6. Tally 5.4 : This version released in 1996 was an enhanced module over its earlier 5.0 version. It had the capacity of importing of datz facility with the help of which it was able to convert earlier data formats into the current data format. 7. Tally 6.3 : Released in 2001, this version was an extension of enterprise systems wherein it interacted with other system through Open Data Base Connectivity, 8. Tally 7.2 : This version released a decade ago in 2005. It's an integrated enterprise system which provides various types of taxes such as TDS, VAT & TCS along with Service Tax modules 9. Tally 8.1 : Released in 2006, this version is a software that supports multi languages. It supports 10 languages 10. Tally 9 : Released in 2006, this is an enhanced version over the earlier 8.1. It supports 13 languages, including foreign ones snd also includes Payrull, POS (Point of Sales), 11. TallyERP = This is the latest version released solution. This version offers different features such as 1 security, tally.net and several more features of Tallyt 12. Tally Prime : business owners empower in 2009 which is a complete business emote access, much commanding dal Pp Tally Prime, the latest version of Tally is specially designed in 2020+ fo" Ting them to securely access actionable insights and bus ts from s report—a—_______ Introduction to Tally Sa ersior 1, anywhere, at any time and from any device. It has several release or version since its lunch i.e V0. Lt, Ebb, 1.2, 11.3, 1.14 and 2.0, A new release is coming soon je. 2.0 BETA FEATURES OF TALLY PRIME: Some features of Tally Prime are as follow s 1. Interactive Home screen : The Home screen includes the top menu, Go To Switch Tobuttons, Gateway of Tally, and buttons on the right hand side. These options aid in finding andopening different ledgers, vouchers, and reports that help you accomplish your business tasks. There are multiple ways in which you can reach the desired destination, You can choose the ways you prefer. 2. Navigation across TallyPrime : It widely uses Enter key and Escape key While there are different ways in which you can reach a destination, pressing Enter will take you to the next level of information, and Escape will take you back to the previous level, until you reach Gateway of Tally. In addition to that, the same Escape key will let you close TallyPrime. with @ confirmation. Similarly, you can use different key combinations to achieve what you want. [n fact, you can navigate and use TallyPrime features completely using a keyboard 3. Simpler Data entry(: It is a software that does not require a person to be well versed with the software and can be used by any person. It has been designed in such a way, that it can be used by an accountant as well as @ business owner. Master creation is made simple by using similar actions wherever possible, and multiple ways to reach the create options 4. Unique Reporting Facilities + TallyPrime provides 2 large number of reports, reading and understanding the reports are simplified with similar interactions. When you open a report, you will get the summary data for the most relevant report period. From there you can change the report period, presentation format, and so on, up to the value that formsthe basis of the report Consistent interactions make it easier for you to navigate, and memor 5. Easy setup : It enables you to start using TallyPrime for record in a couple of minutes. While there are many features available out-of-the-box, you can decide to start with the minimal set, right away. You can start using the other TallyPrime features as and when you come across a business need. You can explore and use many features as your business grows and diversifies, This facility helps you to start simple, and gradually add more features as needed. You can switch many features on » 2 our business transactions and off as you want ot require. S Personal Set up : It provides you flexibility to use the application comfortably. Such configurations can be done independently for every installation of TallyPrime using F12 Contigurations. Different types of ledgers and vouchers can have different configurations. Similarly, you can set your preferences for reports, printing, and other d lata communication options. 7, Multiple Data Sharing : One can sh Formats through e-mail or export available by det aswell as in bulk, with just lettersto yo sare data in printed formats, or in electronic file ‘ault, You can share individual vouchers, or reports, 4 few hey presses, Sending payslips to your employees, or reminder parties are equally simpleCompuarzd Accounting & F-FIING Of Tex Rey, ene be customised to suit your daily Work g B-€istomised Reports :Itis flexible an You may have reports in Statutory feces and needs, like customising vouchers, final reports, publish reports/documents on the World yt Ide y to like sales tax register, challans, etc. It permits you II reports and documents. Web or the-Intranet. You can also directly e-mail a f Ua Mion Security ; It is highly secured against data ana Mas 2 very Powerfu) audit facility. Different labels of security are designed with different authorities for data access ee sa and security.Tally uses Open Database Connectivity (ODBC) t0 connect to other programs and exchange data dynamically. icectly from withi 10. Connectivity : You can browse the World Wide Web directly from within Tally, Thee no need to switch between programs. You do not require the Internet to use Tally. It has the Interactive Online Help feature to bail you out from any confusion. 11. Latest Laws Compliance : It is TDS- and GST-compliant. 12. Regional and multilingual : It supports various fonts and languages in a computer (unicode) and various Indic languages - Hindi, Marathi, Tamil, Telugu, Kannada, Punjabi, Gujarat; Bengali, Malayalam. INSTALLING TALLYPRIME: Requirements for Installing TallyPrime: To ensure a smooth and complete installation of TallyPrime, you need to ascertain some fundamental hardware requirements on your computer. Here isthe system requirements of TallyPrime edition for a 64 bit system: Particulars | Recommended System Requirement Processor | 1.8 GHz x86-64 architecture Intel Pentium, Core? Duo, Dual Core, Core 13, Core i5, Core i7 equivalent or above RAM 4. GB or more Hard Disk | Minimum 150 MB Monitor 1024 x 768 or Higher Resolution _[ Operating 64-bit editions of Windows XP/Windows Server 2003/Windows System Vista/ Windows Server 2008/Windows 7/Windows 8 or 8.17 Windows Server 2012/Windows 10 Note: To install and activate Tally in your computer, you need to have all the administrator sighs, such as to create, write, update and modify the Settings of data directory and language lirectory. Procedure for Installing TallyPrime Software: Installation of a software application invo s) an Nes creating appropriate folders (directories) # icons, setting data paths and loading Necessary files into the com miter hard disk. Just copyi"® files from the compact disk into the hard disk of your computer _ not run the software. In order to run the software, it should be property installed The steps to install TallyPrime software até * follows: install TallyPria Introduction to Tally STEP-1 : SDownload the setup files from https://tallysolutions.com/download. Click Download and select the folder where you want to save the setup.exe file. Then click Save. STEP-2 : To install TallyPrime, double-click on setup.exe. Then double-click Install New. BF TalyPrime Setup Manager Install Application Application : TallyPrime | Release 1 10 Application Path C:\Program Files\TallyPrime _ecconnqre |_| o:more acsns | - x STEP-3 ; Here you need to configure Application Path, if needed. Normally, the application will be installed at C:\Program Files\TallyPrime. To configure click Configure and double-click Application Path. Then click ... and change the path as needed..If you are already using Tally.ERP 9. then it is recommended that you install TallyPrime in a different folder. This will allow you to use both the products simultaneously, if needed. After that close the List of Configurations window. TallyPrime Setup Manager Ust of Configurations poms Application Path Create Desktop Shortcut | Desktop shortcut Name | Create Start Menu Entry | Start Menu Entry Name Configure Tally Gateway Server Tally Gateway Server Tally Gateway Server Running as | Tally Gateway Server Port x Show Less. Hide Advanced Options rogram Files\TallyPrime Yes TallyPrime Yes TallyPrime locathost:9999 Service 9999wi so as 2 Ea Computerized Accounting & E-Filing of 1, ste flowing window ones. ect STEP-4 : The application gets installed and the following window opens. You oa, activ. : Ctivate the license and start using TallyPrime. ee ee _ — = se] [6b tanypnee Serup Manager x | instattation Successful oe Release 7 10 | Application Path «C:\Program Files\TallyPrime | * can be found on your desktop | ‘Application Shorteut “TallyPrime” can your | STEP-S : If you have purchased a single user Silver License, then you can activate the license on one computer. However, if you have a multiuser Gold License, then you need to activate the license on one computer on the LAN. Thereafter, you can configure all other installations using the same license. There are four options for activation of tally prime and the Welcome to TallyPrime screen appears as under: | Welcome to TallyPrime! | ‘Selec ene fh owing options. Use Leann Reverrate A Aetvate Fran Nate ang cera Nas Ueeose STEP-6 : To activate, click Activate New License. If you have a Single-Site license, the? enter your Serial Number, Activation Key, and Administrator e-mail ID. However, if you have # Multi-Site license, then refer to Multi-Site Licensing in TallyPrime for further details. Activate License Setial Nunber ‘Activation Key E-mail ID/Tally.NET ID ‘Confirm e-mal ID/Taly NET 1D (Ths e-mail D wil be used to manage tis license.)SEES TTT Introduction to Tally pa A STEP-7 : Press Enter to proceed. The Unlock License screen appears. Unlock License Unlock Key Enter the Unlock Key sent to your e-mail 1D: , 8 : Enter the Unlock Key sent to your e-mail ID. If you have not received the unlock STEP- : nter to unlock your license.Once your license is key, then press F2 (Get Unlock Key). Press E unlocked, the following message appears. on If you want to learn TallyPrime for ‘ academic purpose without activation and Congratulations! purchaee, You can use the Educational version for free. In this case, you can try all features in the product. However, there will be one restriction. The voucher dates in the Educational version are limited to 1, 2 and 31. Your License is successfully activated. (Press Enter to continue} Procedure for Updating New Releases Online : Once a new TallyPrime release is launched, if you have a valid activation version, then you will see a notification alert. Based on your needs, you can choose to upgrade to the latest release of TallyPrime. You will see a red dot adjacent to F1 (Help). The red dot indicates that the latest release for TallyPrime is available. You can upgrade to the same as per your convenience. Perform the following steps to download the new release of the TallyPrime software online: STEP-1 : Press F1 (Help) > Upgrade. The following screen appears. nT Pett Rano ety teComputerised Accounting & E-Filin e or release version is availaby YOU wiy ty on Upgrade If you are aiready see a red dot mark against ct the latest available Telease a“ ea all further stey hes PS and pre Press Version creen, STEP-2: Sele Enter. Follow the instruction In enter 10 proceeds: On successful upgradation of ney the following massaze pop-up will appear on the ‘What's New Upgradee TallyShop TRoubleshooting Settings TDis & AddOns ABout GATEWAY OF TALLY: The opening screen of TallyPrimeis TallyPrime home jyPrime home screen ha details of the Companies that ven different items 2 top menu bar with pull dos hand side of the screen. Top Menu has the Gateway of Tally menu, and a button Pat O nsers in’ your Companies, and your dais arabe tne ene na Tally Prime appli are also. aceestiblé:from any dor ite Morage & sharing. This menu and child wem> in the “ Company, data, exch in TallyPrime. The t ment !! y hange, Gotc ‘op menu bi ents various ange, Goto, import, export, email ori nie content . and HelpFL Shortcuts form 2 n af €asy way to use Tz an : use TallyPrime features. Shortcut/hotkey to acces each opt has? in the top menu 1s show shown in bold capita pial letter that iy underlined, or F'}. When the SRO!ta asa_" °°...» Introduction to Tally single underline, you can just press Alt and the letter key to access the corresponding option, Shortcuts without underline work with the single key press. When you access any of the menu items, a list of options grouped under the menu item opens, and you can access each using the corresponding shortcut or mouse. For example, Alt+K > C will open Company Creation screen. The various options available under different menus are as under: Create Aer Chance Fa Select Acer Beck Masters SH crniera Rescre Trarsactons Sott Blank Details Comect Data Pan Colt guration Remote Access Browser Accwss Featres ft Seusity TatWaue ONIIne Accass, an Others saa Vcr . ‘ee CoNfiguaton — ao R CoNfiguration TalyHep cust ‘i What's New “sa = . Upgrade a Account ~ TaNshop cetera carer TRoubleshooing oan, Settings owe DLs & AddOns oe Bau Anos ABou Vermcnon apartComputerised Accounting & E-Filing of Tax Rey Sern Help menu has options lability of de your application to ch TallyHelp and t0 UPEFa ounes to launch Tally dicated with a red dot notification on Ser 1 mi ver release is 1m fa newest ip menu include What's New, Tal} leny + Shop § the Hell lly, other options under shooting to repair Your application and data in case there are issues, g, TDL & Add-On to manage your extensions/customisations, ails of your TallyPrime installation and its environment, TallyPrime has two buttons F2: Date and F3: Com, 1 options change to F2 Period and F3: Select Company. Pressing cane ‘Company. Alternatively. you can click the expand option, < next to ¢, 3 ‘anding options, Options on the right button bar change based on 2 screen that is open as per the actions relevant to the screen or the transaction you are working on ith different options are consistent across masters, Vouchers However. the shortcuts associated w1 s It+F2 is for period, F10 in master screens js fy, and reports. For example, F2 is always for date, All Other Masters & voucher screens is for Other Vouchers, and Ctrl+B in reports is for Basis of Values SCREATING COMPANY: Company in TallyPrime is equ the absence of an accounting application. of the company, the business name that where your business operates, the financial maintained, base currency of your business, and so on. of the product Avail name Help. Additional buying add-ons, Troublesh to configure your application. About report that shows the det Right Button Bar on the home sereen of tings and ay On pressing Alt key th keys show the option Shut button to view the corresp' ivalent to the books of accounts that you maintain manually, in You can specify the details of your business like the name needs to be printed in documents, the state and country | year followed, the date from when the books ate STEP-1 : create a Company in TallyPrime, Press Alt+K> Create. Alternatively, at the Gateway of Tally, press F3 > Create Company.The Company Creation screen appears.Introduction to Tally i s. While Company Name is 5 Mailing Name, and Address. Whi STEP-2 : Enter the Company Name, fate and for reference in the application, Mailing Name will be printed in al reports Select the Stat an cf tory options will va : Country.Based on the country selected, the statu’ se change any of these values as needed. Enter the details or verify the auto-filled sepia can change these values later as needed. However, be careful about choosing the Financial oe beginning from and Books beginning from dates.Set security details, if needed. Verify the Base Currency details STEP-3 : Press Ctrl+A to create the Company. Alternatively, you can press Y when the Accept message appears, on navigating to the end of the screen. STEP-4 : You can enable or disable any of these features later.Press Ctrl+A to save the selected features. You can press Esc thrice to close the features screen, if you do not need to change any. Contents of Company Creation Screen: The Company Creation screen shows various fields. These fields are discussed as follows: Directory : It asks you for the path where you intend to creat the Tally Anywhere feature of this software. T the data path given in theTally INI file ¢ yourCompany/Firm. This is hedefault data directory is C\TALLY\DATA. This is Name : Type in the name of the Co in the Company n: compulsoryentry. the name of the Company/Firm you wish to Promote. Thenumber of characters mpany is not restricted to thevisible length of the space for entry. The characters lame arecompressed horizontally so that thefull name is visible. This is a Mailing name : the Enterkey, Country ; of Countries menu, on the basis of the Pincode ; Type the Postal Index Number. Phone no. : Type office telephone number Mobile no. : Type mobile number. Fax no, ? Type fax number of the company. E-mail : 1 ss fi ae ait : pe he eomai adress for the company. This e-mail ID will be usedto e-mail s ja om Tally. Let Ss | i lune yee at aily.Let it bebrothers_albert@ hotmail.com for this com pany isere se Computerized Accounting & E-Filing of Tax — turn, f the company: Website : Enter the website 0! ; ting date of the financial year. Tallyconsig ers |p ym : Type the stat Financial year begins fro! | Year. months from the given date as Financial ; ; Books beginning from : You may start Your business in the middle of aFinancial Yeap started and theaccounts actually began, but this date Ty the actual date on which the business : be a later date than the startingdate of the Financial Year. This is a compulsory entry, Base currency symbol : The symbol ‘ symbol: S, °. £, GBP, US §, etc. An Indian Companyw! Formal Name : Type the full name of the currency for this option as $ maybe taken for bot, US Dollar or Australian Dollar. LOADING/SELECTING A COMPANY: ly if it exists. Perform the following steps to load/select a Pe Shou typed here will be used in reports. You can Il type Rs in this field ‘YPC any ‘A company can be selected onl company : STEP 1 : Click the F3 : Cmp Info button on the Button panel or press the Alt + F3keys simultaneously. The Company Info menu appears. STEP 2: Double-click the Select Company option in the Company Info. menu orpress the§ key: The Select Company screen appears with the List of Companies menu. This menu displays a lis of all the companies available in the database ofTally with their system-generated code and th financial year. STEP 3 : Highlight the company to be selected with the help of arrow keys [Uparrow keyt( Jor Down arrow key #()] in the List of Companies menuand press the Enter key. The company you select gets loaded in the Gateway of Tally screen. You can create more than one company with the same name; however, you can load and work on only one company at @ time. To work on the other company with a similar name, you need to unload the first company and then load the other one SHUTTING A COMPANY: Shutting a company means unloading it. Perform the following steps to shut STEP 1 :Click the F3: Cmp info button on the button panel or press the Al simultaneously. The company Info menu appears. ey ST 2 Double-click the Shut Company option in the Company Info menu oF ‘ompany screen appears with the List of Companies menu. panies om STEP 3 High the company that you wish to shut down from the List of CO™ PI ‘nter key. The company you select gets unloaded ALTERING/MODIFYING AN EXISTING COMPANY: Perform the foll : form the following steps to alter or modify the details of the existing compa" STEP 1 :Click the F3: Cmp 1 i simultaneously. The Company Ine menu enna on the Button panel or press the Alt * rs. a company: t+ FS es press theIntroduction to Tally Ea STEP 2 :Double-click the Alter option in the Company Info menu or press the A key. The Select Item screen appears with the List of Companies menu. STEP 3 :Highlight the company that you want to alter from the List of Companies menu and press the Enter key. The Company Alteration screen appears. STEP 4 :Make the required changes in the existing information or enter new information. STEP 5 :Press the Enter key until the Accept? message box appears. STEP 6 :Click Yes in the Accept? message box to save the modification. A company can be deleted only in the Alter mode. Press Alt + D keys simultaneously to delete a company. FUNCTIONS KEYS: The description of function keys in tally are as follows Fl: Select Cmp: It is used to select an existing Company. Selecting acompany means activating it. You can select more than one company at atime, All the selected/opened companies will be included in the List ofSelected Companies. Fi: Shut Cmp: It is used to unload a company; however, it does not mean that the company gets deleted. You can select this option by pressing Alt and F1 keys simultaneously. F2: Date: It is used to change the date. F2: Period: It is used to change the Financial Accounting period. F3: Company: It is used to switch from one active company to another activecompany. F3: Cmp Info: It is used to press Alt and F3 keys simultaneously. Thisinvokes the Company Info, menu F4: Connect: It is used to connect the active company with the Tally.NET server. F4t Disconnect: It is used to disconnect the connected company with theTally.NET server. FIL: Features: It is used to specify or modify the different features of acompany. Fi2: Configure: It is used to specify or modify the configuration of variousfeatures of the company, COMPANY FEATURES (Fil): ~ TallyPrime allows y Features menu. In TallyPr business transactions are ‘u to select or modify various featur es of a companythrough the Company ime, when you create a company, the key features required to record your set by default. As per your business requirements such as inventory management, tax-based invoicing, payroll management, you can set your preferences using the Company Features. As per the preferences set, you can enter transaction data accordin; ly. t of the cases, you can incremental! i any poi you need, ly enable or disable other features by Pressing F11 at any point leEnale Goode ans Sewers Tae (GST) Era Te Debced a! Sauce ("DS) {rae TaxCotected at Souce (TCS) Fre Va AEG Ta (VAT) Emble Brose Ena Sere Te. one Acca nabie Browser Acces fx Reports Eble Tay NET Seroes fr Remote Access & Sycttonsation Peyrot arta Payot rabe Parr s2aron Ye ” Yo. 1 ” %e Ne ne omer rab mule across Mt motes voters ‘Accounting : Depending on your bookkeeping needs for your company, you can enable ote accounting features, such as cost centre and interest calculations. Additionally, if your sale transactions need to be maintained bill by bill, TallyPrime helps with all such business preferences and many more. Inventory : If you are using inventory in your business, you can set up your inventory- related preferences. In TallyPrime, you can manage your Inventory independently or choose update your books of accounts with stock details. You can set up other Inventory features - Pree Levels, Batches, Job Work, Job Costing, and so on - depending on your business practices. Taxation : If your business needs to comply with statutory requirements, you can set uP You tax details for invoicing purpose. With TallyPrime, you can define details for GST. VAT, Excise, Service Tax, TDS or TCS, as applicable to your business. All invoices that you create will contime to refer to the statutory details you define here. Online access: If you also need to access your Company data on the go, especially whe8 are travelling or at a client location, TallyPrime has it all. You can enable the Reports in awe feature to view key reports from any other device. Additionally, you can access your Compa remotely and also synchronise data available at different locations. ; heads f and pay Mew Payroll management : Does your business require you to manage salary juding the ™ employees? If yes, you can enable the Payroll feature for your company, inc! statutory features. Other features : If your business has multiple addresses and you need to use them in 17" you can add as many company address as needed. Also, you can keep track of difTer=™ sy interactions with the vouchers for auditing purposes. All ueh needs can be set up a the OO™ level. " voici in ivoieet tur The Company Features menu consists of various features, namely Accounting res Inventory Features, Statutory & Taxation, Audit Features, TSS Festures, and Add-O8 Fe ae22280 OOOO Introduction to Tally _ Let us discus t hese features one by one in the following sections. Features Description ‘Accounting Maintain Accounts Is set to Yes, by default. ; When you create a company in TallyPrime, the key features required for your bookkeeping needs are all set. You can create a ledger, record sales/ purchase transactions, and view the transaction details in your reports. Enable Bill-wise entry Is set to Yes, by default. You can maintain your credit sales and purchase amounts in separate bills for tracking against the payments and receipts. When this option is Yes, the ledger master displays Maintain Balances bill by bill for sundry debtors and creditors. Refer to Maintain Credit Sales Bill by Bill for more information. You can also use this option for bills related to non-Revenue accounts. Enable Cost Centres Set Show more features to Yes. Is set to No, by default. Enable Cost Centres if you need to allocate expenses to different cost centres. Refer to Cost Centre Allocations for more information. Enable Interest Set Show more features to Yes. Is set to No, by default. Calculation Enable Interest Calculation to calculate interest automatically based on the interest rate and the calculation Parameters. This is useful when interest rates change from time to time. Refer to Interest Calculations for more information. Inventory Is set to Yes, by default. Maintain Inventory] TallyPrime provides the basic inventor your stock or inventory. You can creat 'y features by default to maintain with Inventory L yanin to No. Refer to Inventory Mana Ts set to No, by default. Using TallyPrime, enabl i » le this option to incl e c| Integrate Accounts | balance from your inventory records Me the stosk or inventory cr ace beemere ud 2 Enable multiple Price Levels Enable Batches Maintain Expiry Date for Batches L Enable Job Order need to specify expiry dates for the batches. For perishable goods like Set Show more features to Yes. Is set to No, by default - / If you maintain different prices for your stock items, depend; business type, you can create multiple price levels for your g Refer to Using Price Lists for more information. 1 Set Show more features to Yes. Is set to No, by default. ; if'you sell or purchase your stock in different lots or batches, you wi to store them accordingly. In TallyPrime, you can assign batches t stock when recording transactions. Refer to Manage Inventory Batch-yie for more information. ise DE on TOCK items Set Show more features to Yes. Is set to No, by default. Depending on the kind of inventory your business deals with, you may medicines or food items, you can specify the date of expiry for each batch Set Show all features to Yes. Is set to No, by default. If your business manages Job Work, you will need to track movement of column in invoices Processing Enable Cost your materials. In Job Work, you need to maintain record of raw materials, Tracking scraps and by products and view their details. Refer to Job Work for more information. Set Show all features to Yes. Is set to No, by default. If you want to analyse the running cost and profitability of the item being tacked through manufacturing, sales, purchase, and so on, set this option to Yes. Item cost tracking helps you effectively track and ascertain the procuremest cost, landing costs, manufacturing or production costs, order cost OF profit, and job cost or profit. Refer to Item Cost Tracking for more information. Set Show more features to Yes. Use Discount Is set to No, by default. of items, Yo If you provide discounts to your parties on sale or purchase cae manage trade discount for each item during the correspo” ry. ding vou Use separate Actual and Billed Quantity columns in invoices q Set Show more features to Yes. Is set to No, by default vf t i tit In case the billed quantity is usually different from the actual ay seitié stock items when 1 records ch details this option to Yes ne ansactions, you can track such de dd—ooX——_§_e—— Introduction to Tally Taxation Enable Goods and Services Tax t to No. by default. , ; 7 your business is under the GST regime, you can specify the GST Details for your company. You can set this option to No, if your business does not Source (TCS) (GST) require to follow GST norms. Is set to No. by default. | . Dedeted at Source | If your business is under the TDS regime, set this option to Yes and specify (TDS) the TDS details for your company. Set Show more features to Yes. Enable Tax Is set to No, by default. Collected at If your business is under the TCS regime, set this option to Yes and specify the TCS details for your company. Enable Value Added Tax (VAT) Set Show all features to Yes. Is set to No, by default. If your business is under the VAT regime, set this option to Yes and specify the VAT Details for your company. Enable Excise Enable Service Tax Online Access Enable Browser Access for Reports to Yes, You can specify t Set Show all features to Yes. Is set to No, by default. If your business is under Excise, set this option to Yes, Excise details for your company. Set Show all features to Yes. Is set to No, by default. If you pay service tax as and provide the Part of your business transaction, set this option he Service Tax details for your company. Set Show more features to Yes. Is set to Yes, by default, TallyPrime facilitates view: can view the reports sup, travelling or at the client' to Reports in Browser for more information. ing reports on browser using any devices. You Ported for viewing on browser when vou are s place - away from your office compute, Refer Enable Tally.NET Services for Remote Access & Synchronisation Set Show more features to Yes, Is set to No, by default. use the Tally.NET Services to connect company to a centralised se Tver. Refer to Remote Access Synchronisation for more information, your and PO ew worm eee=o ae oe 7s oo Computerized Accounting & E-Filing of Tax Rey $< Urns Feyrol features to YES. Set Show more. sefaalt . No. by default. . Maintain Payroll oon ee in TllyPrime help you maintain the payroll inform, such as employees. salaries. Pay heads and so on. Set this option to Yay fecord payroll-related details and the track them through the Paytol statements. Refer to Payroll for more information. r —T Set Show more features to Yes. | le Payroll Is set to No, by default. . a 'ayTol If your business maintains payroll information and you also need to track ° payrollrelated statutory information, set this option to Yes, Others | Set Show more features to Yes. Enable multiple | You may be operating your business from multiple location, based on your addresses business type. In such cases, you can add multiple addresses for your company. Depending on the location of your business transaction, you can print the required address on the invoices. —— ia if Set Show more features to Yes. _ For auditing purposes, you will need to track the details of modified vouchers, including the user that made changes. Using this option, you can P view all vouchers that are altered after creation. | CONFIGURING COMPANY (F12): Tally allows you to change the configuration options of various features. such asaccounting, inventory. payroll, and banking. according to the requirement. Whenyou set the configuration oplioe ofa company, it is automatically applied to allthe companies that reside in the same data directory.1he configuration options may vary depending on the screen currently appearing on the TallyPrime window. As compare to Tally previous version, TallyPrime provides configuring options at various points instead of F12 option only. The descriptio ote ation ment is as follows iption of the options present in the Configural Fi (Help) > Settings > Country 1. Use Accounting Terminology of [rr (Help) > Settings > Display 1. Display name for Ledger and Group 2. Display name for Stock Item 3. Display name for Employee Fi (Help) > Settings > Country > 1. Date entry format Pate and Number Format > Enter 2. Separator between day, month and yearIntroduction to Tally Ea Fi (Help) > Settings > Country > Date and Number Format > Enter 1. Deprecated in TallyPrime 2. Separator to use for thousands FI (Help) > Settings > Display 1. Add sign before currency/unit symbol Note: Select Show More to see this configuration. FI (Help) > Settings > Country > Date and Number Format 1, Show Quantity and Number in millions Fi (Help) > Settings > Display 1. Display List of Stock Items without quantity in Vouchers 2. Use common table for TDS Helper 3. Search behaviour in table - First column of table 4. Search behaviour in table - Across table 5. List aliases for Master in Note: Select Show More to see this configuration. Alt+O (Import) > Configuration 1. Ignore errors during import 2. Overwrite voucher when a voucher with same GUID exists Alt+E (Export) > Configuration 1. Export base currency symbol along with amount 2. Open file after export Alt+O (Import) > Settings > Display 1. Show graphs in monthly Summaries 2. Show Final Accounts menu in Gateway of Tally 3. Enable sound 4 Information panel is deprecated in TallyPrime, Instead, the product information is available in About Page. All menus at top bar having a configure option. For exam on create master, then click on ledger. Her: ple, in Goto option you may click - Will show a dialog box as under for configuration of ledger. Here you have t various configuration under on show more configurations if needed. It shows details, bank details, party tax registration detail: and GST details mm a : e if you click on FL2, 10 click general details, party: Computerized Accounting & E-Filing of Tax Retury = = ™ ~ ™ ~ - = ACCOUNT INFORMATION: Tally is a flexible software application and could be adopted by any business organisation irrespective of its size. To run a business smoothly, an organisation needs to maintain its complete account detail and inventory of goods and services. In Gateway TallyPrime, you will get the following menu once you open a company. Under Masters, you can create, alter and view chart of accounts. Once you select Chart of Accounts, it will show you Accounting Masters and Inventory Masters as under: Chart of Accounts When you select any item under masters, it will display you the list of default accounts, groups, ledgers, etc under it Groups: In financial accounting, al} transactions are recorded by using ledgers or account heads. In Tally, groups are helpful in classifying and identifying account heads based on their nature. Theeee Introduction to Tally Je ledger concept eliminates the need for sub-ledgers and corresponding control accounts in the ene | ledger. Traditionally, a grouping of accounts is a post accounting activity but it leads to eloyed veportiig, that are not available at hand when required .At the highest level of grouping . accounts are classified into assets, liabilities, income and expenses Groups by Default (Predefined Groups): List of Groups Branch / Divisions Capital Account Reserves & Surplus Current Assets Bank Accounts Cashin-Hand Deposits (Asset) Loans & Advances (Asset) Stock-in-Hand Sundry Debtors Current Liabilitie: Duties & Taxe: Provisions Sundry Creditors Direct Expens. Direct Incomes Fixed Assets Indirect Expenses Indirect Incomes Investments Loans (Liability) Bank OD Ae Secured Loans Unsecured Loans Misc. Expenses (ASSET) Purchase Accounts Sales Accounts. Suspense Ac 28 Group(s) © Type here to searc In Tally, there are twenty-eight predefined groups that save your time by avoiding to create a frequently used groups. Apart from these groups, there are some primary groups and sub-groups. Sub-group is a part of the primary group. The predefined groups are described in details as follows : > Capital : It includes the capital and reserves of the company. For example proprietor's or owner's capital account, partner's capital account, share capital >» Reserves and Surplus [Retained Earnings] : These are relatedto reserves. Retained earnings, alias the reserves and surplus. These include capital reserve, general reserve, reserve for depreciation. > Current Assets : They consists of six sub- groups. It all the assets of the company could not be allocated in any of these sub-groups, then the current assets of the primary group can accommodate it Bank Accounts : They include current savings, short-term deposits, ete Cash-in-Hand: It refers to the ledger account for cash More than one cash account can be opened it needed, for example petty cash account Deposits (Assets) : They include deposits, such as fixed deposits, rental deposits and security deposits. These deposits are made by the company (but these are not received by the company) v ¥ Loans and Advances (Assets) : These refer to the loans which are given by the company and are hon-trading in nature; for example, salary advance, advance for purchase of fixed assets, etc. _v vvvv Computerized Accounting & E-Filing of Tax p, SOF 1X Retury, the opening and clos stocks. It also refers to 9 5 end on the type of inventory Management option se, oup. Balances of stock dep dh ons lecte t company for example, raw materials account, work-in-progress finished goods. a Sundry Debtors : They refer to the accounts of the debtors who owe money to the busing y : They ss, Current Liabilities : They include outstanding liabilities, statutory liabilities and some other minor liabilities, like PF. TDS, ESI. etc. / ‘es : They include the accounts of trade duties, excise, GST, TDS, erg Stock-in-Hand : It refers t© Duties and Tax: - Provisions : These include provision for depreciation, provision for taxation, ete. Sundry Creditors : They refer to the account of the trade creditors of the company. Direct Income [Income Direct]: It includes the account of the direct income like income due to sales of goods. A professional service company may like to open an account as professional fees instead of sales account group. Direct Expenses [Expenses Direct]: It includes the direct trading expenses or the factory like wages paid to labourers, transportation, electricity bill, etc. Fixed Assets : They refer to the fixed assets of the company. Investments : They refer to the accounts of all investments, like bonds, shares, government securities, long-term bank deposits, etc., of the company. Indirect expenses [Expenses Indirect] : Expenses are incurred in the administrative building like salary paid to staff, maintenance of vehicle, etc. Indirect Income [Income Indirect} : It includes the accounts of non-sale indirect income, like income from rent received, commissions received interest received. ete. Loans (Liabilities) : They refer to the account of the loans taken by the company Bank OD Accounts [Bank OCC Accounts] : Bank OCC is also known as Bank OD Account. They include overdraft accounts, like hypothecation account, bill discounting account, etc. Secured Loans : They refer to the accounts of the loans taken by the company from a en eel bodies by mortgaging its fixed assets. These are considered &s ans have to be paid from the fixed assets of the compe" even if the company fails to pay Unsecured Loam These are unconditional loans as these are obtained from the partne™ Suspense Account : As the name imy epancy plies, it is opened when there is some disc yelling neta Sheet, It's related to balance sheet element for example. 'T# i ) whose details will be known only after the submission of TA bill Miscellaneous Expenses (Assets) ; These are mainl d for legal disclosu™ requirements such as Schedule VI of the Indian Ciunpanies Act It ie rarely used. Branches/Divisions : The + y refer to the a ci branches, divisions, affiliation, ete Ne aecounts ofthe company’s all sister ¢2" cerns:eee Introduction to Tally > Sales Account : It includes different sales accounts. The sales account can be categorised as types of sales (domestic sales, export sales, etc.) and the tax slabs. For sales returns, fone can open a Y | ME || Accounting Masters Group ae | Currency | Voucher Type | Inventory Masters Stock Group Stock Category | Stock tem Unit GST Details PANICIN Details, ‘Group Creation Name (alias) - - Under Capital Account Group behaves like a sub-ledger Nett DebitCreait Balances for Reporting Used for calculation for example: taxes, discounts) (for sales invoice entries) Method to allocate when used in purchase invoice ales returns account under the sales Accounts group. Purchase Account : It includes the accounts related to purchase. MANAGING GROUPS: You can create your own group/sub- groups apart from the predefined groups. You can create display and alter groups. You can access the Groups menu in order to work on groups by clicking Masters + Create + Accounting Master + Group in the Gateway of Tally menu. The Groups menu gets displayed as under : Creating New Group (Other than Predefined): The group can be created in two modes, i.e., Normal mode and Advance mode. Before the creation of the group, it is advised that the configuration should be the same. You have liberty to enable/disable advance mode. No No No * Not Applicable CU ts4 sere Creating New Single Primat FSTEPI: FSTEP2: FSTEP3: STEP 4: T STEPS: STEP 6: STEP Compurericed Accounting & E-Filing of p, - ETS Rey — Set ey ry Group: Click Masters — Create ~ Account Masters—-Groupin the Gateway o¢ Tal reen gets displayed ly The Group Creation Sl fhe name of the group {© as name beside the alias Enter key. A List of Group be created beside the Name field. Type Type al Press the Select the desired group from the List o' jppropriate option from the Nature field. You can give more than one alias ‘ame, menu appears f Groups menu. Select the a of Group menu for the Nature org, field ty Set the Group behaves like a balances, without ledger break-up. lett Debit/Credit Balances for Reporting option to Yes to display either ty sub-ledger option to Yes to get the Net Group F-STEPS: Set the N ot debit or credit balance in the report (whichever is higher). If this field is se No. then both debit and credit balances will be displayed in the report {STEP 9: Set the Used for calculation (for example: taxes, discounts) option to Yes, if leg tunder this group would have percentages for discounts/taxes to be used for Init entry. It uses the automatic calculation capability and gets reflected, while pag the voucher entry in invoice mode. STEP 10 : Select the desired option from the List of Allocation Methods menu for the Meth to allocate when used in purchase invoice field. The Accept? message box ae displayed. STEP 11 - Click Yes in the Accept? message box to create the group. Altering Group: Perform the following steps to have the alter group: TSTEPI: Cl r Clik Masters — Alter — Account Masters?Group in the Gateway’ of Tally 5% 1¢ Group Creation screen gets displayed TSTEP2: Select the , f one Ne Bop Gem the List of Groups menu that you want to modify. Yo" os and Suspense cou » Reserved/Predefined group [Exception Branci® pI octs Cash, Sundry Debtor ea cannot change the parent group for Bank/BAY ayy for them.The Group a Creditors and Purchase account after vouched oun ation screen appears that shows the details oF °° STEP 3: Enter new informal ia tion fi : exit information for the selected group or make modifications '" the STEP 4: Press the Enter key until the Accen STEPS: Click Yes in the Accept? ‘cept? message box gets displayed . message : € box to save the modification. ftIntroduction to Tally name (ankeAeeounte (alias) Under Current Assets ‘Group behaves like a sub-ledger No Nett Debit/Credit Balances for Reporting No Used for calculation (for example: taxes, discounts) No (for sales invoice entries) Method to allocate when used in purchase invoice * Not Applicable Deleting Group: Perform the following steps to delete a group : Name ‘Gank Accounts (alas) _ ‘Under Current Assets Group behaves lke a sub ledger Nett DebiCredit Balances for Reporting Used for calculation (for exay mple: taxes, discounts} (for sales invoice entries) ) Method to allocate when FFF Used in purchase invoice |Computerized Accounting & E-Filing of 7, ax R _. Groups — Alter in the Gateway of STEP 1 : Double click Accounts Info. Tally Groups menu gets displayed on the Select Group screen. ™eny, Ag ip from the List of Groups menu that you want to del i hat shows the details of the selected group. ete, Delete? message box gets displayed cory STEP 2 : Select the grouj i ‘Alteration screen appears tt he q STEP3 : Press Alt + D keys for deletion of group. A deletion. STEP 4 : Click Yes in the Delete? message box to confirm the deletion. CHART OF ACCOUNTS : TallyPrime gives you great flexibility in setting up your chart of accounts. It all ht at the time of creating your accounts chart. Your a - ports a group your ledger accounts rigl sstaements reflect the desired classification at all times. List of accounts displays the exist IDR chy sr cavounts, listed as groups. in alphabetical order View Charts of accounts in TallyPrime: Gateway of Tally > Chart of Accounts > ; o—_a ally of Accounts > select master type you want to see in Chane ‘Alternatively, press Alt+G (Go To) > type or select Chart want to see in Chart of Accounts and press Enter. of Account > select master type yy You can Drill down t 0a ledger name to alter its details by pressing eter pal At the highest level, a , accounts ar ca ci ¢ classified into Capital or Revenue ~ and more SPs io into Assets, Liabilities, | , Income group bead to value and Expenditure. Alternat st shit details ively use the keyseNO Introduction to Tally emmys) we Tessewt) To record detailed transactions, your choice. The ledgers in the Books of Accounts affect asset: can generate a Profit & Loss account and a Bal entered. It can also generate a ranj LEDGERS: accounts. The ledgers in the TallyPrime can generate a Profit & Loss has been entered. It can also generate a Predefined Ledgers: All ledgers have to be classifi Profit and loss or balance sheet. The Cash Ledger The cash ledger is grouped under cash-in-hand, You can enter the opening balance as on the day the books begin, This ledger can be altered and deleted, Ledgers are the actual account hea important for voucher entries. In Tally, you have to add further ledgers, groups and sub-groups of S, liabilities, income or expenses. TallyPrime lance Sheet immediately after a transaction has been ge of comprehensive financial statements and reports. ds to which a transaction is i ledgers are allocated to ceri Books of Accounts affect assets, identified. Ledgers are very tain groups for better control of liabilities, income or expenses.) ied into groups. These grou PS and ledgers are classified into re are two pre-defined ledgers in TallyPrime: Profit and Loss Ledger The profit and loss account ledger is grouped under primary. The previous year's profit or loss is emered as opening balance of the led, ledger. The balance entered is the opening Profiv/loss. It is shown in the balance sheet as o Pening of the profit and loss account in the liabilities. This ledger can not be deleted but it can be modified. JOE Rw ee gsen wens Computerised Accounting & E-Filing of Tax p tun, 4 Display Unused Masters fers in the list of accounts can be identified and removed in one a Any unused mast Create Ledger: Ledger can be created from different ways such as Master, Transactions and reporti from different stag of recording like: MB 85 bg the user choice. Ledger can be created Single Ledger Creation © Ledger Creation from Transaction oF reporting © Current Liabilities and Current Assets Ledgers © Tax Ledger Rounding Method ¢ Expenses and Income Ledgers Single Ledger Creation: Perform the following steps to create a single ledger :ta_ }}©§©=£2 22.0 Introduction to Tally ee © Gateway of Tally > Create > type or select Ledger and press Enter. a Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger and press Enter. @ Enter the Name of the ledger account. Duplicate names are not allowed. © Enter the alias of the ledger account, if required. You can access the ledgers using the original name or the alias name. ® Select a group category from the List of Groups. To create a new group from this field, press Alt+C, * You can alter a ledger account to change its group classification at any time. % Enter the Opening Balance. The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the date of beginning of books. ‘7 Accept the screen. As always, you can press Ctrl+A to save. For an existing company, debit balances for assets and credit balances for liabilities are applicable. You can enter balances for accounts that have obverse balances such as revenue accounts. For example, you may have transferred your books to TallyPrime in the middle of the year and may not have closed them in your earlier system. Hence, you must specify debit or credit for the balance Ledger Creation from Transaction or reporting: User can create ledger during Voucher entry from all the voucher types available in TallyPrime. From Voucher Creation/Alteration screen, press Alt+C. from ledger field. Ledger Creation will display and create the ledger and save the screen, Current Liabilities and Current Assets Ledgers: Accounts like Out: created directly under C standing Liabilities, Statutory Li: a abilities and other minor liabilities can be urrent Liabilities and Assets can be classi i Asses, To create Fined Assets ein classified as Current assets and Fixed UUsC ‘omputerived Accounting & E-Filing of Tax R co 2 Gateway of Tally > Create > type or select Ledger and press Enter. 2 Alternatively, press Alt+G (Go To) > Create Master > type or select Enter. © The Ledger Creation screen appears as shown below: © Name: In this field mention the Ledger name. For example Under: In this field select the group under which the ledger to be grou] Current Liabilities, Current Assets or Fixed Assets. 2 Enable Inventory values are affected option if you maint: However, you can use this option for accounts like customs to purchases such as freight inwards and so on. & Inthe Ledger Creation, press F12 (Configure) > set Use Inventory All to Yes. If you do not see this option. Set Show more configurations configurations to Yes. F Accept the screen. As always, you can press Ctrl+A to save. Tax Ledger: Ledgers should be created under Duties a i ins all (8 ind Taxes group which contains al GST, VAT, CENVAT, Excise, Sales and other trade taxes and total liability. r Gateway of Tally > Create > type or select Ledger and press Enter. le, Prepaid Wa! ain accounts duty, direct © jocati to Yes. Set +t Ledger and press ges ped. For exami ith invento” wi es rela xpens Le jons fe few x accounts - _Introduction to Tally a hternatively, press Alt+G (Go To) > Create Master = type 1 wees “etape wt & Altern G Enter. 7 x Telatet Ceion r me For erample Ct sl : a . this field select the group under which the Job Worker letger %, @ gone re Cae ot Duan is based on statutory compliance of the vmagawy 7 * Indien statutory, by default, Others is displayed. Depending on features in fA 5 (Csreaggee Features Alteration), more options can be included in bg Type of Duty (Vas. @ Enable Inventory values affected option if you maintain accounts with imventory However, you can use this option for accounts like Customs Duty, direct expenses seanet to purchases such as Freight Inwards and so on. © Select the Percentage of Calculation the rate of tax e.g. 5%, 10%, 12.5% etc. You car use an automatic discount calculation facility by specifying a negative percentage x this field. The Group Duties and Taxes is used for automatic tax calculation. On entering a percentage, a new field Method of Calculation is displayed. From the Method of Calculation, select appropriate options to calculate the Tax/Duty. Accept the screen. As always, you can press Ctrl+A to save. Rounding Method: This is used to round off the duty select rounding method, rounding limit oj can choose as per your requirement. For example: For duty value 762.53 and ia Tounding will show as 762. . oe a a Te ean wll a a8 763. 1f the value would have been 762.43, the normal rounding Upward Tounding will show as 763. ars as shown below: r value. By default rounding method is set blank. Once you tion is displayed. There are three rounding methods, you Tounding Limit is 1,Expenses and Income Ledgers: r r ca r r r Computerized Accounting & E-Filing of Tay You can select the income or expenses account group to create ledgers. Gateway of Tally > Create > type or select Ledger and press Enter. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger 2d ry Enter. Enter the name of the ledger in the Name field. Select Indirect Expenses from-the List of Groups in the Under field. Select Indire, Income from the List of Groups if you want to create an income ledger. Then follow all steps to create a new ledger and save it. Alter and Delete Ledgers: ‘You can alter any information of the ledger master with the except for the closing balance under the group stock-in-hand. To display/alter a ledger, perform the following steps r r r Gateway of Tally > Alter > type or select Ledger and press Enter. Alternatively, press Alt+G (Go To) > Alter Master > type or select Ledger and press Enter. Modification of account ledgers is possible for single ledgers as well as multiple ledgers However for multiple ledgers, all the fields are not available for alteration.ee — Inracion Ty EE To delete a ledger, you need to perform the following steps : ® Gateway of Tally > Alter > type or select Ledger and press Enter. © Alternatively, press AlttG (Go To) > Alter Master > type or select Ledger and press Enter. © Select the ledger from the List of Ledgers. © Press Alt+D. You can delete the ledger if no vouchers have been created under it. If you want to delete a ledger for which vouchers have been created, you have to first delete all the vouchers from that ledger and then delete the ledger account. Ledger Vouchers Report: You can view a ledger account with the corresponding voucher details. You can view this report in browser. © Gateway of Tally > Display More Reports > Accounts Books > Ledger and press Enter. © Alternatively, press Alt+G (Go To) > type or select Ledger Vouchers and press Enter. © Select the required Ledger. © Press F2 to change the period as required. The Ledger Vouchers report appears as shown below : * Press F8 (Columnar) to view details of vouchers in separate columne For purchase, payments, journals, debit note al you can view the voucher 7 . > i lebit notes and credit notes, in vouch UU mmsa Computerized Accounting & E-Filing of Tax Return View Opening Balances of all Ledgers in a Single Screen: © Gateway of Tally > Chart of Accounts > Ledger > and press Enter. >and ¢ Alternatively, press Alt+G (Go To) > type or select Chart of Accounts > Ledger press Enter. © Press Alt+H (Multi-Masters) > select Multi Alter > and press Enter. © Select All Items from the List of Groups. Print Opening Balances of all Ledgers from a Single Screen: % Gateway of Tally > Display More R, ports > Tri © Alternatively, al Balance. ter Press AII*G (Go To) > type or select Trial Balance > and press Em———a_—eeeeeee Introduction to Tally Press F5 (Ledger-wise) and press Crit+P to print. ions for printing Press C: Configure to set options / / Enable the option Show Opening Balances by pressing Enter on i secsng Ents on Disable the options Show transactions and Show Closing Balances by p! it a Enable the option Show Accounts with Zero balance by pressing Enter on i Press Ctrl+A to accept the configuration screen Press [:Preview to see the preview before print. Once confirm with preview press Print to print the report. gaa qaqa Print ‘Show Opening Balance 3 Show Transactions No ‘Show Closing Balance : Yes Printer Nitro PDF Creator i : Letter (8.50 x 10.98") or (216 mm x 279 mm) Porm aren (8.50" x 10.98") of (216 mm x 279 mm) Number of Copies 1 Export Opening Balance of all Ledgers from a Single Screen: 7 Gateway of Tally > Display More Reports > Trial Balance 7 Alternatively, press Alt+G (Go To) > type or select Trial Balance > and press Enter. © Press FS (Ledger-wise) and press Alt+E. ® Press C: Configure to set Export Configuration. % Enable the option Show Opening Balances by pressing Enter on it. ‘7 Disable the options Show transactions and Show Closing Balances by pressing Enter on it * Enable the option Show Accounts with Zero balance by pressing Enter on it, 3 Select file format as Excel (Spreadsheet) and other details as required under Export Settings. 7 Press Ctrl+A to accept the configuration screen 7 Pres E: Send to export. r Using ODBC, you can extract Ledger Opening balances and other details of Ledger masters. _£_$_$_< ee5 Computerized Accounting & E-Filing of ra. » Yes XML (Data Interchange) Local drive C:\Program Files\TalyPrime ThaiBalnt COST CENTRE: 4 ‘The Cost Centre feature of TallyPrime enables us to maintain incomes and expenses, as pe different business units, employees, projects, departments, and so on. It can have one or more cost centres or profit centres in your company, as needed, and allocate the breakup of incomes and expenses to different cost centres or profit centres. \ TallyPrime provides reports that help us to view income and expense groups with the profit centre or cost centre allocations made under each group. Similarly, there are reports displaying list of cost centres or profit centres along with the corresponding incomes and expenses under each cost centre or profit centre. 7 can also allocate the same income or expense to different sets of cost centres in parale say employee-wise as well as project-wise, by using Cost Cate, fe Cost Centres. gory for the respective Co: Like other Masters, such as Stock Group, Stock Category, Godown, and Ledger Group, you oa create individual cost centres or multiple cost centres in a hierarchy. tt ie Cost Centre Breakup report Bives us the view of incomes and expenses incurred for ® seal mt Ae cost or profit Centre in our business. You can also explore other cost centre reports # and drill down to view th iets aa and s0 on. As in any other report, you can exPl ; : ae + At the last level of drilldown, you can alter the contributist CREATE COST CENTRES; (GO To) > Create Master > Cost Centres: press Ear Enter. Alternatively, press Alt+< ( © Incase the feature is inactive i , You ue Select Yes or press Y to proce “ill be prompted to activate the Cost Centres festoS Introduction to Tally ‘Company Pata Enterron “ower tres od toa aa Taxation ves nen Acs Yes Ertl Gea rd Sarcn Tax (657) fa ane twee Yes__—_Emtu Tene Source 705} 's came Te) rate ax Come at Soar 105) bd fasten No Enmbie Vane Added Tax (VAT) 7 {rae res Canon : eran rab Sere Tx acta ets s ‘mone coum net i . taoetaoer -~ Enatie Browser Access tor Repos tant Oates te rable ab HET Seraces lo Pameke Accs & Scrormon Ne cant ter anes " et i Gr cen be Cr ach we Payot . UseDecout car eroes % “Srna Pape toy * Use sna Aca a Ble arm ces ces ne Frape oe warees Ne Man nested warts ” e Name & alias: Provide a name. As in other masters, you can specify multiple aliases. General Manager-PlantA * Under: Select Primary or an existing cost centre * What you see on the screen can vary based on your choices. Press F12 (Configure) to change the options. Alternatively, press Ctrl+I (More Details) to enter any of the values without activating the F12 options. © Accept the Cost Centre master, As always, you can use Ctrl+A to save. * Click here to see the possible F12 Configurations. CREATE MULTIPLE COST CENTRES: * Gateway of Tally > Chart of Accounts > Cost Centres>press Enter, © Press Alt+H (Multi-Masters) > select Multi Create > and press Enter. SoyComputerized Accounting & E-, ing Of Tax p, ‘ou will be prompted to activate the Cost Cc entres f Satu fe Incase the feature is inact Select Yes or press Y to proceed. Enter the Name of Cost Centre and select the cost centre under which it You can also select Primary cost centre. is being crea a) Some eee 5 cerns tr ‘© Accept the Cost Centre master. As always, you can use Ctrl+A to save COST CENTRE SUMMARY: Press Alt+G (Go To) > type or select Cost Centre Summary. Alternatively, Gatewa: ntre Su , Alternat 5 spe ively, of Tal isplay More Reports > Statements of Accounts > Cost Centres Cost Centre Summary " eck ts) This report displa: ys the summary of i — or profit e ry of incomes and expenses allocated to different cos The detailed view (press Alt+F5) of the report appears as sho wn: t centres — wha) Press F12 (Configure) to « hange Hee the options and FI] (Fi disable feat ‘eatures) to enable or 4! sider ® If you have been using cost centres with, rentres: Out crea cost under an internal category calle Prima any cost category, TallyPrime col ary Cost Cat , egory.Introduction to Tally COST CATEGORIES: he Cost categories allow allocation of a transaction to several sets of cost centres (paral t allocation).The concept of cost centres and cost categories is sumilar to ledgers and group: respectively. By default, Tally maintains a cost category as ‘Primary’. CREATE SINGLE CATEGORY: By default, cost centres created for your business's cost centres or profit centres in TallyPrime are grouped under Primary Cost Category. So, when you create a Cost Category in TallyPrime for the first time, you are prompted to alter the existing internal Primary Cost Category that has all the Cost Centres grouped. The following are the steps to create cost category: © Gateway of Tally >Create > type or select Cost Category > press Enter. You can also create Cost Category from Gateway of Tally > Chart of Accounts. © Alternatively, press AlttG (Go To) > Create Master > type or select Cost Category > press Enter. * When only the Primary Cost Category is available, you will be prompted to create new Cost Category or alter the existing Primary Cost Category. Select Create or press C to create a new cost category. « Name & alias: As in other masters, you can specify multiple aliases. * Allocate Revenue Items & Allocate Non-revenue items - Ensure that one of these options is set to Yes. Allocate Revenue tems © Note: Revenue items are all your expenses and incomes and non- Allocate Non-reveni fevenue items Tevenue items are assets and liabilities. TallyPrime provides the evenue items under cost category, if flexibility to group cost centres or profit centres for non-ré needed. © Accept the Cost Category screen. As always, CREATE MULTIPLE COST CATEGORIES: You can create multi alteration feature for this, . you can use Ctrl+A to save. ple cost categories from one Screen. Use the multi-master creation and Gateway of Tally > Chart of Accounts > Cost Categories >press Enter. In case the feature is inactive, y Select Yes or press Y to procees Press Alt+H (Multi-Masters) > select Mult Enter the Name of Cost Catego 'y and allocate it to Revi or Non-Revenue Items Ir Bi to Revenue Items or Non-Revenue s . ‘ ‘ou will be prompted to activate the Cost Category feature. i Create > and press Enter. DO cnEa Computerized Accounting & E-Filing of Tax Returng Mo eer te © Accept the Cost Category master. As always, you can use Ctrl+A to save. Use Cost Category in Cost Centres: © Once you have created a Cost Category, this will appear for selection when you create or alter a cost centre created for your business's cost centre or profit centre. In the cost centre creation/alteration screen, under Category, select the cost category of your choice. Press Backspace on the Name field to place your cursor on the Category field. © Accept the Cost Category master. As always, you can use Ctrl+A to save. COST CATEGORY SUMMARY: Press Alt+G (Go To) > type or select Cost Category Summary. Alternatively, Gateway of Tally > Display More Reports > Statements of Account > Cost Centres> Category Summary. e This report displays the summary of incomes and expenses allocated to parallel set of cost centres or profit centres in your business. What you see on the screen can vary based on your choices. Press F12 (Configure) t change the options and F11 (Features) to enable or disable features. Pasay Teter RAAT IR MARR EE S RRE T pena I SNES DAEIntroduction to Tally _ BILL OF MATERIALS: Bill of materials provides the list of inputs required for assemble or use to produce another {tput. This list of materials helps to quantify the input materials requirements and reduction in the stock items automatically) Hence BoM is only required for those output which are built or assembled in house and TallyPsme provides this facility in F12 Configuration. Gateway of Tally > Create > Stock Item >press Enter. final © Alternatively, press Alt+G (Go To) > Create Master > type or select Stock Item > press Enter. © In case the feature is inactive, you will be prompted to activate the configure feature. Press F12, First select show all/more configurations yes and Set "Set component lists" / Bill of Materials Select Yes or press Y to proceed. ‘contguraton Show mom congas Yes ‘Show a contgutons we ‘Genera Detais STDs Prowce anass tor Name Yer StS des Yea Prowde nase atase fo Name No Prone PartNo to Stocks No TDSDetate Prowde Desenptns or Sock tems No SATOS Det Yee Inventory Dats ‘Statutory Dette Use Stock Grow tt Sock Rens Yea Set chsiwe of Diss rt Tass opton No Use Steck Calg fr StoccRens no Ptonde Rae ot Oay ve Pronde tse Mensizement (ol) or Stock Rens Yea {Use Atemave tit No Set Compenet ist bi dt Maton) n Stocker [ves Prono Sua Buy and Seb aes No Prowde MRP Deas No Set delat Accourtng AoeaDONS a Sock Nae No ‘intr Me). Prose Open Balances Stock tems Ya If you need to use this option only for current master, press Ctrl+I (more details), select Component list (BoM) and press Enter. The following are the steps to create and record bills of materials: * Gateway of Tally > Create > Stock Item >press Enter. © Instock item creation screen, enter stock group, unit of measurement, set component lists as yes. * Then press enter to view stock item multicomponent screen . Here enter Standard under BoM and press enter Enter the components, units of measurements, item, gowdow Create a manufacturing journal with BoM by pressing F7- Alter the stock journal to manufacturing journal by changing the voucher typeEa Computerized Accounting & E-Filing of Tax Returns Cash/Bank Book(s). ¥y bank book. (You can choose a bank book from any of Trial Balance or Display More Reports > Account BooksEa Computerized Accounting & E-Filing of Tax Returns TTT — 2. Select the required Bank Account and press Enter. 3. Bring the cursor to the first month (usually April). and press Enter. This brings up the A vouchers for the month of April. Since this is a bank account, there is an additional butto, Alt+R (Reconcile) on the button bar. You can use Alt+R (Reconcile) to view Bay Reconciliation screen. ‘ The display goes to the Reconciliation mode, which can be edited. The primary componen of the current screen is the column for Bank Date. The Reconciliation outputs found at the bottom of the screen shows : a. The Balance as per company books reflects the balance as on the last date (in the example, it is 30th April). b. The Amount not reflected in bank are the debit and credit sums of all those vouchers, whose Bank Date is either BLANK, or LATER than 30-Apr (i.e. these vouchers have not yet been reflected in the bank statement). The Amount not reflected in Company Books are entries which are present in the bank statement but are not recorded in company's books. d. The Balance as per bank is the net effect of the Book Balance offset by the amounts not reflected in the Bank - which must be equal to the balance in the bank statement. The Balance as per Imported Bank Statement refers to the balance displayed on importing the bank statement for reconciliation. f. The Difference in Bank Balance (difference in Balance as per Bank and Balance as Pe Imported Bank Statement) will be shown here. The above reconciliation may be done either automatically or manually.1B er Introduction to Tally Ea AUTO BANK RECONCILIATION: Banks which have auto reconciliation feature enables in ledger master, the buttons Alt+Q and Alt+R appear on the right side button bar. The Alt+Q option is used for 'Reconcile Unlinked’ and the Alt+R button is used for "Reconcile All Unlinked’. In addition, the Alt+V button used to "Delete Unlinked’ and the Alt+W button used to 'Delete All Unlinked’ appears on the button bar above the Info panel. Now-a-days, ¢-Banking is enabled for many banks and the option to Import and View Bank Statements will get enabled only if these banks are predefined for auto reconciliation while creating or altering the Bank ledger. In order to ensure proper import of data in supported format to reconcile the data present in the bank statement and the organisation's books of accounts, the bank statements should be downloaded and saved in a separate folder. If the savings accounts and current accounts are maintained in multiple banks, then the downloaded bank statements have to be saved in separate folders. The Excel, MT940 or .CSV files can be imported using Alt+O (Import) > Bank Statement. The Bank Statement File screen displays the Directory which was specified as the Location of Bank Statements in Bank Ledger > Set/alter auto BRS configuration. Select the File Type as per the bank statement format. ____ The Alt+H (Show Imported) option can be used to view the bank statements which are already Imported. You can also select and re-import the bank statements. The files will be listed in alphabetical order with details of file type and import status while also showing whether itis already imported or not. The Alt+B (With View) button can be used to preview the bank statements to be imported and then using Alt+O (Import) button the statements can be imported. Although, the statements can be imported even before generating the preview. However, it is the duty of the user to ensure that the bank statements to be imported are not edited or altered in any way. If any changes are made to the statements, then an error message will pop up on the screen saying "Not a valid format’ during the process of import. The Import progress bar is displayed during the import procedure followed by the Success Message, Count of Total Entries in bank Statement, transactions Reconciled and Additional BankEa Computerized Accounting & E-Filing of Tax Returns a Entries. After importing is over, the Bank Dates field is automatically filled with bank dates jin the Bank Reconciliation statement. The Amount Not Reflected in Company Books will show the transactions which have been executed by the bank (for example; bank charges, interest credit eg but not yet reflected in the books of accounts. As for the unlinked transactions, they can be Feconcileg to existing transactions or new vouchers can be created to link them. For creating vouchers Use Alt+J or you can also delete them. But, it is highly suggested that, in order to avoid mistakes, yo, should save the Bank Reconciliation before reconciling the Unlinked Transactions To reconcile the transactions made with the bank, the auto bank reconciliation option in the bank ledger should be enabled. In this case, the following two things can be done. @ Enable auto reconciliation in bank ledger Auto Reconciliation of the Bank Statement with the Company Books Enable auto reconciliation in bank ledger 1. Open the bank ledger (if it already exists) or alternatively create a bank ledger. 2. Set the option Enable auto reconciliation? to Yes . 3. Enable the option Set/alter auto BRS configuration ? As shown below: The Location of bank statements screen appears. Enter the details as shown below: | Location of bank statements Location of new bank statements : D:TallyPrime\Data\Bank Statements Location of imported bank statements = DATallyPrime\Data\BankStatements 4. In the above screen, a. Enter the Location of new bank statements downloaded from your bank account to your local system. Enter the Location of imported bank statements where the output file generated after importing the bank statement in TallyPrime has to be saved. Note : Once the downloaded file is imported, the same gets deleted from the Location path and creates another file suffixed with imp in the Location of imported bank statements path 5. Press Enter to return to the Ledger Creation screen. 6. Press Ctrl+A to accept Import Bank Statement to Auto Reconcile Bank Statement with Company Books 1. Go to Gateway of Tally > Banking > Bank Reconciliation, 2. Select the required ledger from the List of Bank Ledgers as shown belowIntroduction to Tally Name of Bank Ledger [orc Currentaic _ List of Bank Ledgers DBS India - HO A/c DFC Current A/c ICICI Bank SBI OD A/c Standard Charted A/c Note : The List of Bank Ledgers displays only those banks for which the auto bank reconciliation option is enabled. The Bank Reconciliation screen for the selected bank appears as shown below : 3. Select Alt+O (Import) > Bank Statement to import the bank statement. 4. Select the File Name (bank statement downloaded from the bank) in the Import Bank Statement screen, as shown below Note: To change the Fille Type, press Backspace to make the required selection as shown below ; 5. Press Enter, A confirmation message with the Total Entries in Bank Statement, number of Reconciled transactions, and Additional Bank Entries appears as shown below:Computerized Accounting & E-Filing of Tax Returns Total Entnes in Bank Statement: 12 Reconciled 1 Additonal Bank Entries: 10 Tape sree — 7 oe reer hams at B Dae wos omc re asa ragea.e om =e svt) 1.090 oom se sau20 972000 0000: — ae nun zim 7 —— Bun Bmw aati == se Bum Bim aoe —— Fu Bum ime ate a a RENAE CMF TES Cape ace Sam immo rope0n0 — — gee Sign “ssam pen. Sa ae ee aN eK Sgn samme 000 Caer eo anger ae eee ES Cae aut dam tem — 4neone ow woos ae Rem a00 emence mp tcrgamy bots aN Amoussa aca Compares s4nenne 08.383 ‘eacnce a perbane: 222A (eaence ot por pared ant tremens see] The Bank Date for the reconciled transactions appears after importing the bank statement TallyPrime. The option called Amounts not Reflected in Company Books helps to view the additional entries present in the bank statement Reconciliation of Transactions not Reflected in Company Books: The transactions which are not reflected in company books can be reconciled by using the buttons R: Reconcile Unlinked or C: Create Voucher.Introduction to Tally _ Ea ncile Unlinked: re reconcile the unlinked transition, select the required transaction and click R: Reconcile Unlinked. It will bring out the Unreconciled Amounts screen which displays all the transactions for which reconciliation has not been done. After that, select the required transaction and press Enter. This will reconcile the selected transaction under Amounts not reflected in Company's Books and the transaction chosen from Unreconciled Amounts. Create Voucher Sometimes, the bank charges which appear in the bank statement are not reflected in the company’s books. In that case, TallyPrime enables the user to create such entries in the company books from the Bank Reconciliation screen using the following steps: * Select the required transaction and press Alt+J (Create Voucher). The voucher creation screen will appear. ¢ It will automatically show the amount and narration with the details captured from the bank statement. © Select the required ledger. e The Bank Allocations screen will automatically capture the instrument number from the bank statement. © Press Enter to accept MANUAL BANK RECONCILIATION: The Banking menu contains the Bank Reconciliation option which helps the user to reconcile bank accounts. The users can also use bank reconcili: Teport to display transactions based on Am ledger, etc. Under manual bank reconcilia © Access Bank Reconciliation © Button Options in Bank Reconciliation screen Configure Bank Reconciliation screen Print Bank Reconciliation Statement © Alter Reconciled Voucher (a) Access Bank Reconciliation: In order to access the bank reconciliation 1, ion > and press Enter, Alternatively, Reconciliation > and press Enter. Select the required Bank account from the List of Bank Ledgers and press Enter. It will show the Bank Reconciliation screen of the selected Bank. By default, TallyPrime sorts the details in the Bank Reconciliation screen as Per the Bank Date (if bank date is already Specified for the transaction), Otherwise such sorting will be based on the Instrument Date.20 Computerized Accounting & E-Filing of Tax Returns _ ered Seow — sapeenneatatett Leer Sempre reed The Bank Reconciliation screen can also be accessed from the Gateway of Tally menu using the following steps: © Gateway of Tally > Display More Reports > Accounts Books > Cash/Bank Book(s) > Select Bank Ledger > Select a month > press Alt+R (Reconcile). As per the default settings, the screen will display the period range from date specified in the Effective Date for Reconciliation in the Bank ledger master till the date of last entry. The Bank 7 Date has be to be provided based on the Instrument Date and not on Voucher Date. (b) Button options in Bank Reconciliation Screen: F? (Period): To specify @ period for which the Bank Reconciliation screen is to be displayed F3 (Company): Set this option to yes, if required to change the company from Reconciliation screen F4 (Bank): To select the bank ledger for which the Bank Reconciliation screen is to be displayed. Ctri+B (Basis of Values): To configure the report values based on business needs. For example in 7 Bank Reconciliation report, the user can view the report values by including reconciled transactions along with the default details. Press Ctrl+B (Basi > set Include Reconciled transactions to Yes Basis ofNals) a (Change View: You can display the details of a report in different views with itional details editor ds oF for a specific period. You can also view other reports related to the Ctrl+J (Exception Reports): You can v lew the exception: the current report by pressing Ctri+J ( “eptions related to the data displayed in Exception Reports), without closing the report, To SISO eee...Introduction to Tally fa view the Negative Stock, press Ctrl+J (Exception Reports) > type or select Negative Stock Items > and press Enter. Press Esc to view the default report. Press Alt+H (Opening BRS): To open BRS to the unreconciled t Bank Allocations screen for the selected Bank appears. Provide the unreconciled transaction details based on the nat Withdrawal) as shown: ransactions. The Opening ture of transactions (Deposit/ Unwcontied Der: OFC Caren Ae ] (Eco ate ecorcinon +h 25 ‘ete Particulars Maure of Treneection Transaction Type Remerta Sete re saan Oren eemc0 Pome Pcie ‘ase mete. are heres Bat M3220 At Soktions Depeee eww —— Teme: rom seta tte * Accept the screen, As always, you can press CtrltA to save. The Bank Reconciliation screen with opening BRS appears, * Provide the date of the realised transactions (the amount reflecting in the bank passbook) in the Bank Date field provided. * Press Ctrl+Enter on the required transaction row to open the voucher in alteration mode, * Press Alt+Enter from Bank Date field on required transactions to view the Voucher Display screen, © Press Alt+J (Create Voucher): To create a voucher from the Bank Reconciliation screen itself. . Press Alt+S (Set Bank Date): To set a bank di Press Alt+S, The Set Bank Date sub-screen late for all the transactions for reconciliation, appears as shown :Ea Computerized Accounting & E-Filing of Tax Return © Instrument Date ; On selecting Instrument Date as the Bank Date Type, the Bank Date ‘ons in the Bank Reconciliation screen 1s filled with the instrumeny field for all the transact date entered for that transaction in the Bank Allocations screen. «New Date : On selecting New Date as the Bank Date Type, a new field Date appears in the Set Bank Date sub-screen. © Specify the required bank date that is to be filled for all the transactions in the Bank Reconciliation screen. © Voucher Date: On selecting Voucher Date as the Bank Date Type, the Bank Date field for all the transactions in the Bank Reconciliation screen is filled with the Date of Voucher. © Press Alt+F12 (Range): Allows to filter the Bank Reconciliation screen. The user may filter the transactions based on the Amount, Bank Date, Date, Favouring Name, and so on. (c) Configure Bank Reconciliation Screen You can configure the Bank Reconciliation screen based on your requirement. Press FI2 (Configure). The Configuration screen appears as follows : Show Narrations : Set this option to Yes to display the narration in the Bank Reconciliation screen.Introduction to Tally Show Fayouring Name/Received From : Set this option to Yes to display the Payment Favouring/Received From details in the Bank Reconciliation screen. Note : The Favouring Name column displays only those names which are different from the Party/Ledger account names. Show Remarks : Set this option to Yes to display the remarks in the Bank Reconciliation screen, ‘The Bank Reconciliation sereen with Narration, Remarks and Payment Favouring/Received From details is displayed. Show Forex details : Set this option to Yes to display the forex details also in the report. Note : The options Show Forex details appear only in case multiple currencies feature is enabled for the company. Show Difference in Bank Balance : Set this option to Yes to display the difference of balance as per balance as per bank and balance as per imported bank statement. Allow Back-dated Reconciliation : Set this option to Yes to allow reconciling back dated transactions also. (4) Print Bank Reconciliation Statement 'n order to print the Bank Reconciliation statement for the required Bank, the following steps can be used : Gateway of Tally > Banking > Bank Reconcil Alternatively, Alt+G (Go To) > iation > and press Enter. type or select Bank Reconciliation> and press Enter. Select the required Bank account from List of Bank Ledgers - The Bank Reconciliation screen is displayed, Press Ctrl+P. The Print Report screen appears, Print ‘Show Narations 2 Yes ‘Show Favouring Name/Receved From Yes Type of Voucher entries : All Vouchers {Include all Unreconciled transactions til date 2 Yes Include Unlinked transactions. 2 Yes Printer Paper Size esol Prat to POF (8.27 x 11.689 o¢ (210 mn x297 mmm) Print area Number of Copies (227° 11.687) oF (210 mm x 297 mm)L Ea Computerized Accounting & E-Filing of Tax Returns 5, Press C (Configure) to set the following options: «Show Narrations: Set this option to Yes to display the narration in the report Show Favouring Name/Received From: Set this option to Yes to display the Payment Favouring/Received From details in the report. Show Remarks: Set this option to Yes to display the remarks in the report +: Set this option to Yes to display the forex details in the report e Show Forex detail Type of Voucher entries: By default this is selected as All Vouchers, select the required option from the Ledger Entries list. e Include Reconciled transactions: Set this option to Yes to display the reconciled transactions also in the report. © Show all Unreconciled transactions till date: Set this option to Yes to display all the Unreconciled Transactions till the given date, irrespective of the From date set in the Bank Reconciliation Statement. © Allow Back-dated Reconciliation: Set this option to Yes to allow reconciling back dated transactions also. 6. Press Esc to return to print screen, Press P (Print) to Print or I (Preview) to view the print preview. (e) Alter Reconciled Vouchers Sometimes the user may want to alter the reconciled vouchers by changing/splitting the amount. In that case TallyPrime will display the message asking for confirmation to continue with the alteration. Users can later a reconciled voucher from Day Book, Bank Conciliation or from voucher reports. Here National Enterprises is altering the voucher dated 1-7-2020 (already reconciled) where the company has issued the cheque for Rs. 10,000 to A to Z Computers. To alter a voucher from Bank Reconciliation report, from Bank Date field press Ctrl+Enter- __ The amount of 10000 has been split into 6000 & 4000. On saving this voucher TallyPrime displays the message indicating the reconciled voucher is altered and bank balance in BRS will not Match, hence Bank Date will be removed.Introduction to Tally TEST YOUR UNDERSTANDIN: Fill in the blanks/Answer in One word. 1 3. Tae 5_ is the first Tally version that works with 4. Answer in two/three sentences. 1 2, 3 . By default, there are Tally Solutions, then known as Peutronics, was co-founded in ___by Shyam Sunder Goenka. fall © is first version of Tally that runs only on DOS and serves only basic accounting. windows operating system. Tally version 8.1 that supports multi-tanguages in its operation was developed in the year The latest release of TallyPrime isT P22 *U TallyPrime uses _to connect to other programs and exchange data dynamically. TallyPrime Silver License allows you can activate the license on computer. The short cut key to create a company in TallyPrime is Alt+F2 key is used for selecting or changing the __ in TallyPrime. _ groups exist in TallyPrime List of Groups under Chart of Accounts, — 'n group alternation screen, if you press AIt+D, it will the group a rst bank statement can be imported to TallyPrime for reconciliation purpose On Bank Reconciliation screen the shortcut key to import the bank statement is In case of auto bank reconciliation option is used for ‘Reconcile Unlinked’. To view the bank Statements which are already imported, use option is used to print your Bank Reconciliation report In the Bank Reconciliation screen for the selected bank bank statement. _option is used to import In the Gateway of Tally, the option used to view Bank Reconciliation is In Bank Reconciliation Screen button is used to specify a period To open BRS to the unreconciled transactions in the Bank Reconciliation Screen use __ button. To configure Bank Reconciliation screen the user can use button. ANSWERS 1. 1986, 2. Tally 3.0, 3. Tally 5, 4, 2006, 5. TallyPrime 2.0, 6. ODBC, 7. single, 8. Atl+K, 9. Accounting Pei , 10. 28, 11. Delete, 12, XIs/MT940/C: ‘SV, 13. Alt+O, 14. Altt+Q, P, 17. Alt+O, 18. Banking, 19. F2, 20. 1S. AIt+H, 16. Ctri# Alt+H, 21, FI2, What are the features of Tally 4.5 version? What are the features of Tally ERP-9 version? What do you mean by Bank Reconciliation?oY Ea Computerized Accounting & E-Filing of Tax Retyp, What does the reconciliation outputs found at the bottom of the reconciliation screen g), 1 How to reconcile unlinked transactions? Explain the process of creating a voucher? es How can you shut a company under TallyPrime? Answer within 75 words. What are the special features of TallyPrime version? What are the hardware and software requirements for installing TallyPrime software? How could you modify the company registration details? ‘What do you mean by Groups under TallyPrime? What do you mean by cost centre or profit centre? wenn How can you create a multiple cost centre in tallyprime? so How will you reconcile bank transactions manually? 8. How can you print a Bank Reconciliation Statement? Long answer type questions. Discuss the steps for installing TallyPrime in your computer. Discuss in details the various functional keys available on Gateway of Tally. Explain the steps to create a company in TallyPrime, Discuss various features available under F11 of TallyPrime. 1 2 E 4 5. Discuss the steps to create and modify a group under TallyPrime. 6. Discuss the steps to create and modify a ledger under TallyPrime. 7. Discuss the steps to create and modify a cost centre under TallyPrime. 8. Discuss the steps to create and modify a cost category under TallyPrime. 9. Discuss the steps to create and modify a bill of materials under TallyPrime. 10. What is Bank Reconciliation Statement? Explain the need for preparing a BRS. 1 Explain the button options in Bank Reconciliation Screen. Qed