AN

INTERNSHIP REPORT
ON

TALLY IMPLEMENTATION

NAME – VIPIN RATHAR

CLASS – M.COM (P) SEM-II
ROLL NO. – 2024073577

DEPARTMENT OF COMMERCE
DESH BANDHU GUPTA COLLEGE, PANIPAT
KURUKSHETRA UNIVERSITY, KURUKSHETRA

YEAR OF SUBMISSION : 2025

 Certificate

Certified that this Internship report is an original report of work

done by me under the guidance of Internship Mentor Mr. JAY
BAWA and under the supervision of Internship Supervisor Mrs.
DIPTI GABA submitted as a part of the Intership Course of
Post-Graduate Programme of Kurukshetra University,
Kurukshetrs.

Date
Signature fo the
student
 ACKNOWLEDGEMENT

I am truly grateful for the opportunity to

complete this internship. which has been a
valuable learning experience and an important
step in my academic and professional journey. It
has helped me enhance my skills, gain practical
knowledge, and grow with confidence in my
chosen field.

Firstly, I would like to express my heartfelt

gratitude to Dr.Subhash Chand, Principal of Desh
Bandhu Gupta Govt (PG) College, Panipat, for her
constant support and encouragement throughout
my academic journey.

I extend my sincere thanks to the Parkash

Packers for providing me with this valuable
opportunity. I am deeply thankful to my mentor,
Mr. jay bawa, for his guidance, and to my
internship supervisor, Mr. Arvind tomar, for her
support and insightful supervision during the
internship.
VIPIN RATHAR
INTRODUCTION OF COMPANY
 OBJECTIVES OF INTERNSHIP

Professional & Career-Oriented Objectives

"To gain practical exposure in a dynamic workplace, bridging

the gap between academic knowledge and professional
requirements, while preparing for a successful career in [field]."

"To develop industry-specific skills and build a strong

professional network by engaging in meaningful tasks and
responsibilities during the internship."

"To understand organizational processes, enhance professional

competencies, and identify career pathways in [specific
domain]."

Skill Development & Learning Objectives

"To strengthen my technical and analytical abilities through

hands-on experience in real projects, while learning to adapt to
workplace challenges."

"To acquire new knowledge, improve problem-solving skills,

and cultivate teamwork, leadership, and communication
abilities in a professional setting."
"To gain exposure to practical tools, techniques, and
methodologies that complement my academic learning in
[course/major]."

Contribution-Focused Objectives

"To contribute innovative ideas and support the organization’s

objectives while learning from experienced professionals."

"To apply creativity, dedication, and academic knowledge to

assist in solving organizational challenges and add value to the
team."

"To collaborate effectively with professionals, contribute to

projects, and gain insights into the industry’s best practices."

For Internship Reports (Formal)

"The primary objective of this internship was to gain practical

exposure to the working environment of [industry/field],
understand organizational structure, and enhance both
technical and soft skills for future career development."

"This internship aimed to bridge the gap between classroom

learning and industry practices by providing opportunities to
apply theoretical knowledge, observe workplace dynamics, and
develop professional competencies."

"The main objective of the internship was to familiarize myself

with real-world applications of [field/subject], gain insights into
professional responsibilities, and prepare for future career
challenges."

DETAILS OF WORKDONE

Introduction To Tally Software

Tally ERP 9 is a powerful accounting program that integrates
with a variety of other
corporate systems, including sales, purchasing, inventory,
finance, payroll and more.
Many businesses now use Tally to save time and perform
accurate calculations that assist
them in creating seamless commercial transactions.
Tally. ERP 9 is a perfect business management solution and
GST software with an ideal
combination of function, control, and in-built customisability.
Associations on the new importance of Tally accounting
software in the business world are
calling for faster and simpler uses of Tally ERP 9 software.
Advantages of Tally ERP 9
program provides viable responses to its bookkeeping
questions, associations find it more
pleasant and profitable.
Update: TallyPrime is the latest version of Tally.
Features:
1. It has a unique voucher passage mechanism that calms a
variety of exchanges.
2. After calculation completion, the customer will get an
interest survey.
3. It provides a solo record of several documents.
4. The commodity enables the customer to comply with the
accounts exchange or nonexchange.
5. The customer can monitor updates and calm changes with
the help of this component.
6. It allows associations to distribute payments for applications
and late applications.

Advantages of Tally
 Depending upon the needs of the small or large business
groups alongside, its
different features make it a very useful software. It helps you to
take your decisions
easily with its wide range of features.
 You can remote access your account with the help of
Tally.NET.
 With various language support, it is convenient for a user to
use it in his own
language.
 In the latest version, if your operating system suddenly shuts
down, your data won’t
be lost.
 In the past year, people used to manage their accounts
manually; all the complex
calculations were done manually, which had a high risk of error.
But, as we now use
Tally it’s pretty simple and easy to use and comes with less risk
of errors.
 As it has numerous functions performing various tasks is
made simple due to this
software. Especially in the case of GST.

Disadvantages of Tally
 Retrieving the data after forgetting the user ID and password
is a bit difficult.
Fewer, data security is also one of the disadvantages.
 It is complex software for beginners to use. It lacks back
office support for users
who find some trouble using it.
 Backing up your data is also one of the issues users face
while working with
Tally. You have to manually back up your data at someplace. It
won’t do the
backing up by itself.
 It doesn’t allow you to open the same transaction sheet from
various systems on
a single operating system. It’s a single window software.
 As Tally has upgraded itself year by year, there is no major
update made to it.

Creating a company

To use Tally, you need to ‘create a company.’ In the menu

section, select ‘Create a
company.’ This will take you to a screen wherein you need to
fill in the details about your
company.
 Enter company name, as mentioned in the banking records.
Add company address,
telephone number, and information on statutory compliance.
 Choose ‘Accounts info’ if you are just using Tally to manage
your accounts.
 Choose ‘Accounts with inventory’ for the menu if you are
using Tally for inventory
management as well.
Choose your preferred currency.
 Enter the start of your financial year, plus the start date for
the books.
 Also, don’t forget to turn on the ‘Auto backup.’ This will
ensure you have a copy of
the details for future needs.

Creating a Ledger

A ledger helps you to record all the transactions of different

accounts. You can create a
separate ledger for different accounts that you do business
with. This will provide more
clarity if you need information on transactions of a particular
account in the future. There
are two types of ledgers here; ‘Cash’ and ‘Profit & Loss
Account’.
To create a new ledger;
Step 1 – From the Gateway menu, select ‘Accounts info.’
 Step 2 – Next, click on ‘Ledgers’ followed by ‘Create.’ Here,
you can create a single
ledger or multiple ledgers as per your needs.

Step 3 – After creating a ledger, you also need to choose which

group a particular
ledger will be assigned to. You can select a group from the
given ‘List of Groups.’
Step 4 – Also, for easy identification, always enter a name for
your ledger so you
know what it contains.
Step 5 – Lastly, enter the opening balance. For a bank account,
the opening balance in
the ledger would be the current amount in your account. For an
amount owed to you
by a client or a contractor, the starting amount would be what
they owe you. For
example; ₹10,000/-
Creating a Voucher
One of the perks of using Tally.ERP 9 is that it comes with
several pre-configured types of
vouchers. A voucher is a document that records the details of a
financial transaction and is
used by businesses for multiple purposes such as sales,
deposits, everyday expenses, etc.
To create a voucher, you need to;

Step 1 – From the Gateway menu, choose “Accounting

Vouchers.”

Step 2:- Choose the voucher you want to create. On the

right menu, you will ZZZ
vouchers you can create. Select the one that meets your needs
best.
 Contra Voucher (F4) - Contra vouchers are for when money is
deposited or
withdrawn for the bank, or transferred between two accounts in
the same
company.
 Payment Voucher (F5) - This voucher is for payments made
by the business.
 Receipt Voucher (F6) - This voucher is for any income made
by the company
(sales, rent, interest, etc.)
 Journal Voucher (F7) - Transactions that don't relate to sales,
purchases, cash,
or other income. Mostly used for adjustments and opening and
closing
balances.
 Sales Voucher/Invoice (F8) - This voucher is for all sales made
by the
company.
 Purchase Voucher (F9) - This is for the purchase of assets by
the company.
Step 3:-
Enter in the required information. The information needed to
complete the voucher will vary
depending on the type of voucher you want to create. You will
typically need to determine
which ledger the voucher will be attached to, as well as enter
the date and names of any
involved parties.
If you are entering products being purchased or sold, Tally will
automatically calculate totals
based on the quantity you select
Debit Note and Credit Note in Tally ERP9
In simple words about Debit and Credit notes, when there are
purchase returns and sales
returns in any business, debit note used for purchase returns
and credit note used sales
returns.
Debit Note in Tally ERP9
This note will use for purchase returns, it is issued by a buyer to
a seller debiting to his account and requesting for credit note.
How to Activate Debit Note and Credit Note in Tally ERP9
Path: Gateway of Tally -> F11 Features -> Accounting Features
Use debit and credit notes: Yes
Credit Note in Tally ERP9

This note will use for sales returns, it is issued by a seller to

buyer in different situations
informing that his account is credited
 ENTRY OF BANK STATEMENT IN TALLY
Every company has its own bank account. Large amounts of
transactions such
payments from the creditors and payment to the debtors take
place through
bank. So it is necessary to record this transactions.
Open tally-----select the company-------select balance
sheet--------select
current assets---------select the bank A/c--------and select
respective vouchers
for respective transactions……

• Cash Deposit Bank entry

Voucher type: Contra Voucher Shortcut Key - F4
entry:
Bank A/c (Dr)
To cash A/c (cr)
• Cash withdrawal
entry:
Cash A/c (Dr)
To Bank A/c (Cr)
• Bank entry for cheque Issued or given to a supplier
entry:
Supplier A/c (Dr)
To Bank A/c (Cr)
• Payments
entry:
Dr the Expenses
Cr the Bank
• Receipt
entry:
Dr the Bank
Cr the Party

Trial Balance
Trial Balance is a list of closing balances of ledger accounts on
a certain date and is the first step towards the preparation of
financial statements. It is usually prepared at the end of an
accounting period to assist in the drafting of financial
statements. Asset and expense accounts on the debit side of
the trial balance & liabilities, capital and income accounts on
the credit side. Debit & Credit side should be equal balance.

Go to Gateway of Tally Display Trial Balance

Profit and Loss