Creating proper duty ledger is important for professional accounting system. Learn how to create excise duty ledger properly. It should be created under the group duty and taxes and not under sales or purchase
learn how to set up credit limit for suppliers and customers in tally.erp 9.Restrict your accountants from posting unauthorized transactions or exceeding credit limits.Set credit limit in monetary as well as periodic terms for each and every suppliers/customers you wish so.
Data splitting refers separation of two financial year. If you are facing problem in data splitting, then this post will help you to solve your problem.To avoid problems for data splitting, you should set due dates properly for every bill or suppliers before saving any voucher in tally.
Use voucher class for posting entries in tally.for auto duty calculation voucher class, you should create an item with duty details of excise,vat etc. learn how to create such an item ledger with excise, Cess,S.H.E. and vat duty
Professional tax is known as a tax on employment and a tax on business.it is a state levied tax so you must know the applicable slab and rules of your state where your business is registered.
a software user must be familiar with the available short cut keys. here is a detailed list of all the short cut keys available in tally.erp 9.short cut keys in tally is a great weapon to save time and also to make error free entries. learn some useful short cut keys available to tally users
Inter cash/bank transactions are known as contra and there is 3 way to deal with such vouchers in tally.Using single entry method and using contra as payment/receipts voucher is the most appropriate way to record such transactions as per my experience
sometimes non accounting vouchers are required to be passed in tally for certain uncertain transactions.In tally this can be done through a memorandum voucher. memo vouchers can be turn to normal accounting vouchers at any time.
ledger is always supported by a related group and ledger creation in tally is very important but boring work sometimes.learn how to create multiple new ledgers in tally in one go without mistake and with speed.
Voucher class are great tools in tally for speedy and error free entry in tally.one such great voucher class is auto duty calculation by which you can set up duty calculation for sales and purchase voucher to avoid any mistake in voucher entry