MwanachuoTZ.com: tally

TALLY accounting software [MUST KNOW the following]

TALLY. FREE

OVERALL

Before you SPEAK of the word tally to your examiner make sure you know the following
here are the most important thing tally users must know. how to create company, tally how to create ledgers, tally how to record credit sales, bounced cheques.

Company creation
Creating ledgers ( the books of accounts)
Recording credit and cash purchases into the books of account
Purchases returns through debit note
Recording payments to creditors
Credit sales
Sales returns through credit note
Receiving receipts of cash and cheques
Bounced cheques
Record re-banked bounced cheques
Recording cash sales
Recording expenses
Recording cash transfer

14. Contra entries   i.                     (cash deposit to bank)
ii.                   (cash drawn from bank)
iii.                  (drawing from bank to another bank)

JUST CLICK ON THE ABOVE HIGHLIGHTS TO LEARN HOW EACH IS DONE.

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TALLY - Recording Payments

Recording Payments tally

1. create ledgers (See lesson 2)

2. Record payments

a. From Gateway of Tally

b. Go to Accounting Vouchers

c. Select F5: Payment

d. Provide Ret' No, identify Account (source of payment) and Particulars (entity receiving the payment), assign the amounts being paid then document narration

d. Save

3. To view, edit or delete transactions, click here

TALLY - Recording Credit Purchases

• Recording Credit Purchases in tally

1. Create Credit Purchase Voucher

a. From Gateway of Tally, go to Accounts Info then Voucher Types

b. Select create

c. Provide voucher name (Credit Purchase), type of voucher (Purchase) method of voucher numbering (Automatic). Use "common narration" instead of "narrations for each entry"

d. Save

3. Prepare Credit Purchase Voucher .

a. From Gateway of Tally

b. Go to Accounting Vouchers

c. Select F9: Purchase

d. Select Credit Purchase

e. Select as Voucher from the right panel

f. Go to F11: Features Then disable " Maintain billwise details"

g. Save

h. Go to F12: Configure then enable "Use Cr/Dr instead of To/By"

i. Save

4. To record a transaction.

a. From 3.3 above

Provide Ref No, identify/create affected ledgers, assign amounts to Dr/Cr (We Debit the supplier, the rest are credited) to each ledger then document narration

b. Save

5. To view transactions

a. From Gateway of Tally /.

b. Go to Display ft\en Day Book

c. Select the transaction to view it's details

6. To edit a transaction • ' .

a. From Gateway of Tally ,

b. Go to Display then Day Book

c. Select the transaction then press enter ,

d. Edit a particular field

e. Save

7. To delete a transaction