Project on t 9

8/8/2019 Project on t 9

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TALLY FINAL REPORTSTALLY FINAL REPORTS

Tally is a Financial and Inventory Management

System. Tally is one of the acclaimed Accounting

Software with large user base in India and abroad. Tally is

developed by Tally Solutions Pvt. Ltd., Bangalore.

The given project on Tally has been done to show

various applications of Tally as accounting software and

its usage in the computerized environment.

The subject of the project is that a company named

Future Communications Private limited uses tally in

computerized accounting system. A part from the usual

feature of double entry system of book keeping, various

financial and inventory reports that can be generated by

using tally has been highlighted in the project. The

following are the samples of the financial and inventory

reports generated using tally which helps in decision

making.

LET US START OUR PROJECT IN

TALLY

TO CREATE A COMPANY


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1.Click on the tally icon on thedesktop.

2.The above screen will bedisplayed.

3.From here, we can start

creating a new company as

shown.


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The screen will be displayed to create

a company.

The Name, mailing address and

other details will be given to proceed

further.


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NOW, The above screen will be displayed.

FIRST OF ALL , we will have to enter Accounts Info.

Then ledgers.


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A screen will be displayed showing two categories

viz, Single ledger & multiple ledgers.

Enter into single ledger and click on Create.


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After creating all the necessary ledger accounts,

again come back to the main screen to start

entering the Accounting Vouchers.


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After that , a screen will be displayed as shown

above. The right panel is giving us idea as to which

account is to be influenced. For example:-

F1: Inventory Buttons F7: Journal

F2: Date F8: Sales

F3: Company F8: Credit Note

F4: Contra F9: Purchase

F5: Payment F9: Debit Note

F6: Reciept F10: Rev. Jrnl

F11: Features F12: Configure


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Problem based on accounts

dealt in Tally :-

TRANSACTIONS :-

1)Introduced cash into business as

capital - Rs.1,50,000

2)Purchased stock for cash - 30,000

3)Purchased stock from Ramesh

45,0004)Sold googs to Suresh - 20,000

5)Purchased furniture for cash 12,000

6)Cash received from Suresh 15,000

7)Commission received for cash 2,500

8) Goods sold for cash 22,000

9)Paid manager salary in cash 3,000

10) Purchased goods for cash from

Vinay 8,00011) Paid rent to Mahendra in cash

1,500


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Now the above transactions can easily

be dealt in ledgers.

The Following reports can be drawn :-

1) Profit & Loss account.2) Trial Balance3) Balance Sheet.

4) Ratio Analysis.

TRIAL BALANCE


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PROFIT & LOSS ACCOUNT

Balance Sheet.


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Ratio Analysis.


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LEDGER ACCOUNTS

CASH ACCOUNT

COMMISSION ACCOUNT


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FURNITURE ACCOUNT

PURCHASES ACCOUNT


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RAMESH ACCOUNT


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RENT PAID ACCOUNT

SALARIES ACCOUNT


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SALES ACCOUNT

SURESH ACCOUNT


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Inspite these ledgers , we can also

draw conclusions regarging cash

flows, fund flow etc.A brief display is given in upcoming

pages.

FUND FLOW STATEMENT


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DAY BOOK

We can also stay in touch with our

list of accounts . In Display menu

List of account


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TO MAINTAIN STOCK IN

GROUPS

1. Enter into gateway of tally.


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2. Click on Inventory info

3. Click on Stock groups now. TheScreen as shown below will bedisplayed.


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4. Click on Create insingle/multiple stock group.Here, single group is selected.

5 . The screen as shown belowwill be displayed.


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Fill the name ,i.e. , computer.

Again come to inventory info and

enter into units of measure . The

Screen will be displayed as under.


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Click on Create to enter the

following screen.


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Enter pcs. in symbol box and

proceed.

Again come to inventory info.

Stock Items

The screen will be displayed as

shown below.


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Enter one by one , all the items to

be included. A specimen is shown

below

Fill the Name column, category,

pcs etc.

A display of the list of items is

shown as under.


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Again come to Gateway of tally

Accounting vouchers.

The screen as shown below will

be displayed(F9)


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Allot every transaction of sales,

Sales transactions are as under


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Again come to Gateway of Tally

Reports

Stock Summary

The Following screen will be

displayed to you.


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The cost centre function will be activated.


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Now maintain some ledger accounts of salary

and commission to be given to staff

employees


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After that, enter into accounting voucher

creation. The following screen will bedisplayed

Enter account name say cash account.

Click on particulars.


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The following screen will be displayed.

Allot name of the cost category Staff

Allot name of the cost center Salary /

Commission

Enter one by one all the transactions

regarding salary and commission

1. Commission given to Sita ,

Khan Somya were 20000,


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10000 & 50000 rupees

respectively and salary Rs.

50000 , 40000 , 30000

respectively.

Like this , we can maintain a cost center

also.

Documents

Project on t 9