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Tally Accounting Package: Unit - 1

Tally is an accounting software package that allows users to maintain electronic books of accounts, registers, statements, and reports. It can track sales, purchases, inventory, bank transactions and outstanding amounts by party or group. The document outlines how to get started with Tally by creating a company, entering company information, and learning about the role of buttons for selecting companies, shutting companies, and setting features.

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109 views

Tally Accounting Package: Unit - 1

Tally is an accounting software package that allows users to maintain electronic books of accounts, registers, statements, and reports. It can track sales, purchases, inventory, bank transactions and outstanding amounts by party or group. The document outlines how to get started with Tally by creating a company, entering company information, and learning about the role of buttons for selecting companies, shutting companies, and setting features.

Uploaded by

Nagabhushana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 19

Tally

Accounting Package
UNIT - 1
Objectives of this session

 Introduction
 General Features of Tally
 Getting Started with Tally
 Create Company
 Company Info
 Role of Buttons
Introduction

You have already known how to maintain accounts


manually.

Tally is an accounting package which is used for


maintaining your accounts electronically.
General Features of Tally

 It maintains all the primary books of accounts,


like Cash Book and Bank Book.

 Tally maintains all registers like Purchase


Register, Sales Registers and Journal Registers.

 Tally maintains all statement of accounts like


Balance Sheet, Profit and Loss and Trial
Balance, Cash Flow and Stock Statement.
General Features of Tally
continue …

 A Tally can maintain ‘Outstanding Reports’.

 It may provide complete bill-wise information


of amounts receivable as well as payable either
party-wise or group-wise.

 It can provide a report for a particular date or


reports for any range of dates.
General Features of Tally
continue …

 It provides the facility of Bank Reconciliation.


Getting Started with Tally
On the home page of Tally screen ‘Create Company’
option is available under the title ‘Company Info’.
Create Company
On the home page of Tally screen ‘Create Company’
option is available under the title ‘Company Info’.

To create the company you


would click at ‘Create
Company’ option
Create Company
continue …
On the home page of Tally screen ‘Create Company’
option is available under the title ‘Company Info’.

To create the company you


would click at ‘Create
Company’ option

A new window will


appear with various
items on the screen.
Create Company
continue …
When you click at ‘Create Company’ option, a new
window will appear with various items on the
screen.
Some important ones are discussed below:
 Name: Type the name of the company you want to create.

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


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

 Address: Type mailing address of the company. There is no


limit on the number if lines used.
Create Company
continue …
 Maintain: In Tally accounts can be maintained in a two
different ways:
 Accounts Only
 Accounts-with-inventory

 Use Security Control: This option provides security control


to your company accounts by offering a comprehensive pass-
based access control.

After filling all the required information press enter. A new


window will appear asking for confirmation.

For acceptance press ‘Y’.


Create Company
continue …
The next window is as follow :
Company Info
Once you get your company created, the heading ‘Company
Info’ has a content of some new options. These options
are as follows:
 Select Company: This option permits you to load any
company, which was created earlier, from the list of
companies listed.

 Shut Company: It allows you to exit, from the companies not


in use, from the dialog box.

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


Company Info
continue …
 Alter: It allows you to change the information of an existing
company filled at the time of creation of the company.

 Change Tally Vault: To change the password, given earlier at


the time of creating the company.

 Split Company Data: Split the companies to form two


companies out of the existing one; after the data specify by
the user. In this process the closing balance of the first
company will become the opening balance of the second
company.

 Backup/ Restore: This option allows the user to take a


backup either on local hard disk or on any external media. The
backup of one or more companies can be taken under a single
Role of Buttons
The right hand screen area of Tally contains buttons;
they perform various useful functions.
Role of Buttons
continue …
The right hand screen area of Tally contains buttons;
they perform various useful functions.

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


and add them to the list of active companies.
Role of Buttons
continue …
The right hand screen area of Tally contains buttons;
they perform various useful functions.

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


and add them to the list of active companies.

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


selected company from the list of active companies list.
Role of Buttons
continue …
The right hand screen area of Tally contains buttons;
they perform various useful functions.

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


and add them to the list of active companies.

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 You

Learners Support Publications


www.lsp4you.com

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