TallyTally

Accounting PackageAccounting Package

UNIT UNIT -- 11

Objectives of this sessionObjectives of this session

�� IntroductionIntroduction

�� General Features of TallyGeneral Features of Tally

�� Getting Started with TallyGetting Started with Tally

�� Create CompanyCreate Company

�� Company InfoCompany Info

�� Role of ButtonsRole of Buttons

IntroductionIntroduction

You have already known how to maintain accounts You have already known how to maintain accounts

manually. manually.

Tally is an accounting package which is used for Tally is an accounting package which is used for

maintaining your accounts electronically.maintaining your accounts electronically.

General Features of TallyGeneral Features of Tally

�� It maintains all the primary books of accounts, like It maintains all the primary books of accounts, like Cash Book and Bank Book.Cash Book and Bank Book.

�� Tally maintains all registers like Purchase Register, Tally maintains all registers like Purchase Register, Sales Registers and Journal Registers.Sales Registers and Journal Registers.

�� Tally maintains all statement of accounts like Balance Tally maintains all statement of accounts like Balance Sheet, Profit and Loss and Trial Balance, Cash Flow Sheet, Profit and Loss and Trial Balance, Cash Flow and Stock Statement.and Stock Statement.

General Features of TallyGeneral Features of Tally

�� A Tally can maintain A Tally can maintain ‘‘Outstanding ReportsOutstanding Reports’’..

�� It may provide complete billIt may provide complete bill--wise information of wise information of

amounts receivable as well as payable either partyamounts receivable as well as payable either party--

wise or groupwise or group--wise. wise.

�� It can provide a report for a particular date or It can provide a report for a particular date or

reports for any range of dates.reports for any range of dates.

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General Features of TallyGeneral Features of Tally

�� It provides the facility of Bank Reconciliation. It provides the facility of Bank Reconciliation.

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Getting Started with TallyGetting Started with TallyOn the home page of Tally screen On the home page of Tally screen ‘‘Create CompanyCreate Company’’

option is available under the title option is available under the title ‘‘Company InfoCompany Info’’..

Create CompanyCreate CompanyOn the home page of Tally screen On the home page of Tally screen ‘‘Create CompanyCreate Company’’

option is available under the title option is available under the title ‘‘Company InfoCompany Info’’..

To create the company you

would click at ‘Create Company’

option

Create CompanyCreate CompanyOn the home page of Tally screen On the home page of Tally screen ‘‘Create CompanyCreate Company’’

option is available under the title option is available under the title ‘‘Company InfoCompany Info’’..

To create the company you

would click at ‘Create Company’

option

A new window will

appear with various

items on the screen.

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Create CompanyCreate CompanyWhen you click at When you click at ‘‘Create CompanyCreate Company’’ option, a new option, a new

window will appear with various items on the screen. window will appear with various items on the screen.

Some important ones are discussed below: Some important ones are discussed below:

�� NameName:: Type the name of the company you want to create.Type the name of the company you want to create.

�� Mailing NameMailing Name:: The mailing name by default is the same as the The mailing name by default is the same as the

name mentioned above. You can type some other mailing name of name mentioned above. You can type some other mailing name of

the company. the company.

�� AddressAddress:: Type mailing address of the company. There is no limit on Type mailing address of the company. There is no limit on

the number if lines used. the number if lines used.

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Create CompanyCreate Company�� MaintainMaintain:: In Tally accounts can be maintained in a two different In Tally accounts can be maintained in a two different

ways:ways:

�� Accounts OnlyAccounts Only

�� AccountsAccounts--withwith--inventoryinventory

�� Use Security ControlUse Security Control:: This option provides security control to your This option provides security control to your

company accounts by offering a comprehensive passcompany accounts by offering a comprehensive pass--based access based access

control. control.

After filling all the required information press enter. A new wiAfter filling all the required information press enter. A new window will ndow will

appear asking for confirmation. appear asking for confirmation.

For acceptance press For acceptance press ‘‘YY’’. .

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Create CompanyCreate CompanyThe next window is as follow : The next window is as follow :

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Company InfoCompany InfoOnce you get your company created, the heading Once you get your company created, the heading ‘‘Company InfoCompany Info’’

has a content of some new options. These options are as has a content of some new options. These options are as

follows:follows:

�� Select CompanySelect Company:: This option permits you to load any company, This option permits you to load any company,

which was created earlier, from the list of companies listed. which was created earlier, from the list of companies listed.

�� Shut CompanyShut Company:: It allows you to exit, from the companies not in It allows you to exit, from the companies not in

use, from the dialog box. use, from the dialog box.

�� Create CompanyCreate Company:: (same as done above under same heading).(same as done above under same heading).

Company InfoCompany Info�� AlterAlter:: It allows you to change the information of an existing It allows you to change the information of an existing

company filled at the time of creation of the company. company filled at the time of creation of the company.

�� Change Tally VaultChange Tally Vault:: To change the password, given earlier at the To change the password, given earlier at the time of creating the company. time of creating the company.

�� Split Company Data:Split Company Data: Split the companies to form two companies Split the companies to form two companies out of the existing one; after the data specify by the user. In out of the existing one; after the data specify by the user. In this this process the closing balance of the first company will become theprocess the closing balance of the first company will become theopening balance of the second company. opening balance of the second company.

�� Backup/ Restore:Backup/ Restore: This option allows the user to take a backup This option allows the user to take a backup either on local hard disk or on any external media. The backup oeither on local hard disk or on any external media. The backup of f one or more companies can be taken under a single directory. one or more companies can be taken under a single directory.

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Role of ButtonsRole of ButtonsThe right hand screen area of Tally contains buttons; they The right hand screen area of Tally contains buttons; they

perform various useful functions.perform various useful functions.

Role of ButtonsRole of ButtonsThe right hand screen area of Tally contains buttons; they The right hand screen area of Tally contains buttons; they

perform various useful functions.perform various useful functions.

F1 : Select Comp. ─ It enables user to select company's

and add them to the list of active companies.

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Role of ButtonsRole of ButtonsThe right hand screen area of Tally contains buttons; they The right hand screen area of Tally contains buttons; they

perform various useful functions.perform various useful functions.

F1 : Select Cmp ─ It enables user to select company(s) and

add them to the list of active companies.

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F1 : Shut Cmp ─ It enables the user to shut or exit the

selected company from the list of active companies list.

Role of ButtonsRole of ButtonsThe right hand screen area of Tally contains buttons; they The right hand screen area of Tally contains buttons; they

perform various useful functions.perform various useful functions.

F1 : Select Cmp ─ It enables user to select company(s) and

add them to the list of active companies.

continue …

F1 : Shut Cmp ─ It enables the user to shut or exit the

selected company from the list of active companies list.

F11 : Features ─ This enables user to set some options

related to:

• Company features

• Accounting Features

• Inventory Features

Thank YouThank You

A Course byA Course by

(Centre for Knowledge Transfer)(Centre for Knowledge Transfer)(Centre for Knowledge Transfer)(Centre for Knowledge Transfer)