3/15/2015

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30thOctober2012 TALLYERP9ITASSIGNMENT

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TALLYERP9istheworldfastestandmostpowerfulconcurrentmultilingualbusiness
accountingandinventorymanagementsoftware.TALLYERP9isexclusivelytomeet
theneedsofsmall,medium,andlargebusiness.TALLYERP9isdesignedto
integradeallyourbusinessoperationsuchassales,finance,purchasing,inventory
andmanufacturing..ThepowerofTALLYERP9combinedwithenhancedMIS,multi
lingual,datasynchronizationandremotecapabilitieshelpyousimplifyallyour
businessprocesseseasilyandcosteffectively.
Aleadingaccountingpackage:The1stversionoftallywasrelasedinyear1988and
throughcontinuousdevelopment,isnowrecognizedasoneoftheleadingaccounting
packageacrosstheworld,withoveraquartermillioncustomers.Tallymarketshareis
morethan90%.
CompletebusinesssolutionTALLYERP9provideacomprehensivesolutiontothe
accountingandinventoryneedsofabusiness.thepackagecomprisesfinancial
accounting,bookkeepingndinventoryaccounting.italsohasvarioustoolstoextract
,interpetandpresentdata.
Flexibleandeasytouse:TALLYERP9isveryflexible.Itmimicsthehumanthought
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processwhichmeansthatTALLYERP9canadapttoanybusinessneed.TALLYERP
9usersneednotchangethewaytheirbusinessisruntoadapttothepackage
SpeedTALLYERP9providesthecapabilitytogenerateinstantandaccuratereports,
whichassiststhemanagementtotaketimelyandcorrectdecisionfortheoverall
productivityandgrowthofthecompany.
Realtimeprocessingimmediateposting&updatingofbooksofaccountsassoonas
thetransactionareenteredtherebyfacilitatinginstantstatementsandreports.
Versatility:TALLYERP9issuitableforarangeoforganizations,fromsmallgrocery
storestolargecorporationswithinternationallocationsandoperations.
Multiplatformavailability:TALLYERP9isavailableonwindows
98/ME/NT/2000/2003/2008/XPandwindows7.
OnlinehelptheTALLYERP9onlinehelp(ALT+H)providesinstantassistanceon
basicandadvancedfeaturesoranyotherrelevanttopicsofTALLYERP9
TallyaudittheTALLYERP9auditfeatureprovidestheuserwithadministratorrights
andthecapabilitytochecktheentriesmadebythetheauthorizedusersandalterthese
entries,ifnecessary.Oncetheentriesareaudited,TALLYERP9displaysthealtered
entries,ifanyalongwiththenamesoftheuser,whohasalteredtheentry,andwho
hasalteredtheentry.
Tallyvaultwithoutthisoptionthedatacannotbeaccessed.thismethodtosafeguard
thedata
Abilitytopreviewandpublishreportsanddocumentsontheinternet:Companies
whichwanttopublishreportsandpricelistsontheirwebsitecandosodirectlyfrom
TALLYERP9
Payroll:TALLYERP9payrollalsocomprisesofvariousconfigurationsforpayslip,
printing,flexiblesalary/wageattendance,leaveandovertimeregister,gratuity,
PF,ESI,professionaltaxandexpatreports
Statutorycompliancessupport:TALLYERP9providescompletesolutionto
statutoryrequirements(viz,statesspecificforms,challans,returns,annexureandso
on)applicableinIndiasuchasVAT,TDA,TCS,servicetax,excisedutyandforfew
otherinternationalcountries.

VALUEADDEDTAX
VATisbasicallyanindirecttaxwhichisleviedateverylevelofproductionand
distributedofgoodsinhomemarket.itisaddedasa%chargesbasedonassessable
valuethatisadditionsdonebyeachdealer.
VATrates
Exemptfromtax:primarilynatural&unprcocessedproducti.eagricultural
implements,rice,wheat,pules,seeds,bread,meat,fish,spices,paddyetc
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VAT@1%:gold,silveretc
VAT@4%:basicnecessityitemssuchasdurgs&medicines,agricultural&industrial
inputs,capitalgoodsanddeclaredgoods
VAT@12.5%:allremainingitemsaregeneralvatrateof12.5%
SPECIALTAXRATES:alcoholicliquors,petrols,diesel,aviationspiritfueland
sugarcane

CENTRALSALESTAX

CSTisleviedoninterstatessalestransactions.variousCSTformsareissuedinthe
courseofinterstatetradewhicharemandatorytobeproducedwhilepayingtax.tally
erp9facilitatesthecreationofinvoiceforinterstatepurchaseandsaleswithan
additionalfieldforspecifyingthetypeofformstobeissuedwhilerecordingstransaction
Formsfordeclarations
CFORMregistereddealer
FFORMbranchconsignmentsagents
HFORMexporter
IFORMSEZunits

TAXDEDUCTEDATSOURCE
TDSisoneofthemodesofcollectingincometax
Taxassessmentnoistendigitalphanumericnumberissuedbytheincometax
departmenttothedeductor
Tallyerp9givesyouoptionofbookingofexpenseseitherusingajournalvoucheror
purchasevoucher
TDSpaymentsaredonebytwoways
Manualbillselection
Autofillselection

TDSpaymentvoucherisprintedasaTDSchallan

SERVICETAX
Servicetaxistaxonservicerened.theperson,onewhorendertheservice,isliableto
payservicetaxservicetaxwasimposedforfirsttime1994anditsscopeisincreasing
everyyear.Servicetaxispayableongrossamountchargedforservice

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Accountingvoucherisdocumentcontainingthedetailsofafinancialtransactionfor
journalizingtransaction,thefollowinggoldenrulesofaccountingshouldbekeptinmind.
TALLYERP9ispreprogrammedwithavarietyofaccountingvoucherseachdesigned
toperformadifferentjob,thestandardaccountingvouchersare
Contravoucher(F4)
Paymentvoucher(F5)
Receiptvoucher(F6)
Journalvoucher(F7)
Purchasevoucher(F9)
Salesvoucher(F8)
Creditnotevoucher(CTRl+F8)
Debitnotevoucher(CTRL+F9)
Reversingjournals(F10)
Memovoucher(CTRL+F10)

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TALLYERP9ITAS
search
Classic Flipcard Magazine Mosaic Sidebar Snapshot

Timeslide

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Inventoryvouchersareusedtoentertransactionsrelatingtoinventorysuchas
transactionsrelatingtoissueandreceiptofstock,transferofstockbetween
godowns,physicalstockadjustmentsandsoon.followingareinventoryvouchers
Purchaseorder(ALT+F4)
Salesorder(ALT+F5)
Rejectionout(ALT+F6)
Rejectionin(CTRL+F6)
Stockjournal(ALT+F7)
Deliverynote(ALT+F8)
Receiptnote(ALT+F9)
Physicalstock(ALT+F10)

TALLYERP9allowsyoutogeneratenumerousreportsandstatements.Thebasic
accountingandinventoryreportsavailableinTALLYERP9canbegroupedunderthe
followingbroadcategories
Financialstatement
Financialstatementarereportsandstatementswhichcompriseoftheoverallsummary
ofalltransactionsenteredintotheaccountsbooks.f.statementisclassifiedintothe
following
Balancesheet
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DynamicViewstemplate.PoweredbyBlogger.

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Profitandloss
Trialbalance
Balancesheet
Balsheetisfinancialstatementthatindicatesthefinancialpositionornetworthofa
companyatanygivenpoint.Itliststheassetsandliabilitiesofcompanyforgiven
period.itisupdatedinrealtimewitheverytransaction/voucherentry.
Profitandloss
Profitandlossaccountisfinancialstatementthatdescribestheoperationalresultsof
thecompanyoritsearningcapacityforagivenperiod.itliststhecompanyincomes
andexpenditures.
Trialbalance
Atrialbalanceislistingofallaccountswiththeirbalancesenteredasdebitsorcredits
incolumns,todeterminewhethertheaccountsbalancethatiswhether,totaldebits
equaltotalcredits.

Billwisedetails
Thedetailsofallthesales&purchasetranscationmadewiththedebtorsndcrediotors
havetobemaintainedattheinvoicelevelinordertomaintainthesedetailstallyerp9
providesafeaturecalledasbillwiseaccounting.
Maintaindetailsofbills
Specifycreditperiod
Obtionreceivablendpayablereports
Relateeveryentrywiththerelevanttransacation
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Costcentersandcostcategories
Acostcenterisunitofanorganizationcanbeallocated.costcentersareunitsto
whichcostsorexpensesareallocatedandprofitcentersareunitstowhichincomes
areallocated.thecostcenterfeatureintallyerp9allowsthirddimensionalanalysisof
financialinformation.
Multiplecurrencies
Duetotheglobalistionofbuissnessmanyorganistaionhavefoundthenecessityto
workwithmorethanonecurrency.Tallyerp9havemulticurrencyfeatureisvery
powerfulandallowsyouto
Recordtranscationswithdifferentcurrenciesbyallowingyoutospecifyand
changethecurrencyrateofexchange
Maintainthebalanceofthespecifiedaccountinforeigncurrency

Interestcalculations
Interestislegitimatereturnonmoneyinvestedandchargeableinthebusinessworldon
loansandalsoondelayedpayments.interestcanbecalculatedonthebasisofsimple
andcompoundinterest.Intallyerp9youcancalculateinterestintwoways
Simplemode
Advancedmode

Budgets&controls
Businessneedtocontrolttheirexpensesbasedonincomelevelandmonitorvariances
.buidgetsintallyerp9helpsyoucomparetheactualfinancialperformanceversus
budgetedfigandobtainvariancereports
Optimisticbudget
Realisticbudget
Goldenrulesofaccounting

REALACCOUNTSDEBITWHATCOMESIN
CREDITWHATGOESOUT

NOMINALACCOUNTSDEBITALLEXPENSESANDLOSSES
CREDITALLINCOMESANDREVENUES
PERSONALACCOUNTSDEBITTHERECEIVER
CREDITTHEGIVER

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Posted30thOctober2012byshweta
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