Eg.
F2 - Press F2
F2 - Press Alt + F2
F2 - Press Ctrl + F2
To change company from Account with Inventory to Account
only
Press F11 (Features) -> Select Accounting Features->
Maintain Accounts Only – Yes
Press Ctrl + A to save & exit
Aug -2020 1-4-2020
Feb 2018 1-4-2017
12-jan-2019 1-4-2018
F11: Features – Applicable only to that company
F12: Configuration – Applicable to All the companies in Tally
Ctrl + A – Used to Save & Exit
To create new ledger:-
Goto Gateway of tally -> Account Info -> Ledger -> Create
Default ledgers Given in tally for all new companies are:-
1) Cash A/c 2) Profit & Loss A/c
Ctrl + A – Save & Exit
Groups Ledgers
1) Bank a/c Ledgers of all bank accounts of business.
2) Capital a/c Ledgers of owners Capital a/c & Drawings a/c.
3) Cash in hand Ledgers of Cash a/c & Petty Cash a/c
4) Direct Expenses Ledgers of all the expenses related with factory. Like Wages, Power &
Fule Ect.
5) Indirect Expenses Ledgers of all the expenses related with office. Like Salary, discount
allowed, professional Fees Ect.
6) Indirect Income Ledgers of Discount received, Commission received Ect.
7) Duties & Taxes Ledgers of CGST, SGST, IGST, Service Tax Ect.
8) Fixed Assets Ledgers of Buildings, Plant & Machinery, Furniture Ect.
9) Investment Ledgers of Mutual Fund, Fixed Deposits, Government Bonds Ect
10) Loans & Advances Ledgers of loan or advances given from business. Eg. Loan to Anil,
(Assets) Advance to worker Ect.
11) Loans (Liability) Ledgers of loan taken by business. Eg. Loan from bank
12) Purchase A/c Ledgers of Purchase A/c & Purchase Return A/c
13) Sales A/c Ledgers of Sales A/c & Sales Return A/c
14) Sundry Creditors Ledgers of all Purchase Parties.
15) Sundry Debtors Ledgers of all Sales Parties.
16) Stock in hand Ledgers of Opening Stock only.
Alt + D - To delete anything in tally (like ledgers, entries etc.)
To Pass Entries:-
Goto Gateway of Tally -> Accounting Voucher
3 Steps To remember while passing Entries:-
1) Change Date using F2
2) Select Appropriate Voucher from (F4 to F9)
3) Then Pass the entry.
Voucher Transaction
1) Contra (F4) Only 2 transaction comes under contra voucher i.e
1) Cash Deposited in bank.
2) Cash Withdrawn from bank.
2) Payment (F5) All payments made from business, comes under payment voucher. Eg.
1) Paid salary, electricity, transportation Etc.
2) Paid to creditors
3) Paid for purchase of Assets Etc.
3) Receipt (F6) All receipt of cash or Cheque in business, comes under receipt voucher.
Eg. 1) Cheque received from Debtors.
2) Capital introduced in business
3) Receipt from sale of property or investment.
4) Loan taken from Bank Etc.
4) Sales (F8) Only one transaction comes under this voucher i.e. SALES OF GOODS
(credit & cash sales both)
5) Purchase (F9) Only one transaction comes under this voucher i.e. PURCHASE OF GOODS (credit &
cash purchase both)
6) Journal (F7) Transactions for adjustment between 2 ledgers come under this voucher.
Eg. 1) Entry for Outstanding Exp, Prepaid Exp, Depreciation on assets
2) Transfer of Profit or loss to capital a/c
3) Reverse entry for wrongly Debited or credited to any account Etc.
ALT + C – To create new ledger at the time of passing entry.
Steps To make changes in wrong entry (date, amount, ledger anything)
Goto Gateway of Tally -> Display -> Account Books-> Ledger-> Select ledger -> Select Entry -> Do
Changes
To delete Any Entry:-
Goto Gateway of Tally -> Display -> Account Books-> Ledger-> Select ledger -> Select Entry ->
Press Alt + D (to delete)
GST (Indirect Tax)
IntraState InterState
(within same state) (between 2 Different state)
CGST + SGST IGST
9% + 9% 18%
For Eg.- ON LCD - 18% GST
Buyer & Seller- both from same state (Intrastate)
SGST - 9%
CGST - 9%
but if Buyer & Seller are from different states (Interstate)
IGST - 18%
GST Slabs In India:- 5%, 12%, 18% & 28%
GST on Goods - Account with inventory
GST on Service - Account only
To activate GST
Press F11 (Features) - > Statutory & Taxation
Enable Goods and service tax (GST) - yes
Set/Alter GST details – yes (Provide details for state & GSTIN number only)
To create Units of Measure:-
Goto Gateway of Tally - > Inventory info -> Units of measure -> Create
Symbol - pcs
Formal name – piece
Unit Quantity Code (UQC) – PCS- PIECE
To create Stock Item with GST Rate:-
Goto Gateway of Tally - > Inventory info -> Stock Item -> Create
Name – LCD
Units – PCS
GST Applicable – Applicable
Set/Alter GST Details – Yes
In GST Details Stock Item Window
Calculation type – On value
Taxability – Taxable
Integrated Tax - 18% (As per Product)
Central tax – 9% (appear automatically)
State tax – 9% (appear automatically)
Types of supply – Goods
Rate of duty – 18
Accept – yes
To create Legers of CGST, SGST & IGST
Note:- No need to create different ledgers for different Rate of GST.
Eg. Steps To create ledger of CGST (same for SGST & IGST)
Goto Gateway of Tally - > Account info -> ledgers -> Create
Name - CGST
Under – Duties & Taxes
Types of duties/Tax – GST
Tax type – Central Tax
Percentage of calculation - 0
To create Legers of Purchase & Sales
Eg. Steps To create ledger of Purchase LCD (same for Sales LCD)
Goto Gateway of Tally - > Account info -> ledgers -> Create
Name – Purchase LCD
Under – Purchase a/c
Is GST applicable – Applicable
Set/Alter GST Details – no (In book its is given yes. But it work without that also)
Types of supply – Goods
Accept – yes
To create Legers of Purchase party & Sales party
Eg. Steps To create ledger of M/s Jalaram (Purchase party) (same for Sales party)
Goto Gateway of Tally - > Account info -> ledgers -> Create
Name – M/s Jalaram
Under – Sundry Creditors
Country – India
State – Maharashtra
Pin code – 400067
GSTIN/UNI – 27ABCDE234324D1 (If mention in Question)
Accept – yes
Note:- For Inter-state transaction it prepare Inter-state purchase & Inter-state sales ledgers
with set/alter GST details –No (If IGST is not calculated automatically then only)
To print Any statement Related with GST
Goto Gateway of Tally - > Display -> Statutory Reports -> GST
To print Sales Tax Invoice
Goto Gateway of Tally - > Display -> Day Book
Tally Shortcut Keys
Ctrl + A - Save & Exit
Alt + C – To create new ledger, stock item ect. at the time of passing voucher entry.
Alt + D - To delete entries, ledger, stock item ect.
Ctrl + N – To activate calculator
Ctrl + M – To go back to main screen from calculator
F1: Select Company (to open already created company)
Alt + F1 : Shut company (to close company)
F2: Date (to change date)
Alt + F2 : period (to change financial year)
Alt + F3: Company Info (shows option for create company, select company,
Shut company & alter)
F11: Features (changes applicable to that company only)
F12: Configure (changes applicable to all the company)
F4: Contra voucher
F5: Payment voucher
F6: Receipt voucher
F7: Journal voucher
F8: Sales Voucher
Ctrl + F8 - Credit Note (sales return)
F9 : Purchase Voucher
Ctrl + F9 - Debit Note (purchase return)
Ctrl + V - As Voucher / As Invoice
Alt + P - to print
Tally Abbreviations
GAAP - Generally Accepted Accounting Principles
GST - Goods and Service Tax
GSTIN - Goods and Service Tax Identification Number
HSN - Harmonized System Nomenclature
SAC - Services Accounting Code
CBEC - Central Board of Excise and Customs
Steps of Tally (With GST)
1st Creation of company
2nd to activate GST
3rd to create units of measure
4th to create stock item
5th to create ledgers
6th to pass entries
7th to take print
