Tally.ERP 9 Getting Started Guide | Start Learning Tally Step by step

Gateway of Tally.ERP 9

 

Here is the simple process of Tally.ERP 9 Getting Started Guide

  1. Download and install the software
  2. Create a company and load the company
  3. Go through the below article

 

In Tally.ERP 9 Voucher entry section is the place where you can feed your data to the software.

Here is the typical main menu of Tally.ERP 9 software which is also called as Gateway of Tally.ERP 9

As in the below screen, you can see Transactions which contains Accounting vouchers and Inventory vouchers. (Note that the second option will be activated only if while creating you have opted Accounts with inventory). You can activate inventory option anytime.

An Introduction of the Gateway of Tally.ERP 9|

 

A. Masters

B. Transactions

C. Utilities

4. Reports

5. Display

6. Quit

Tally.ERP 9 Getting Started Guide
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Let’s summarise in brief

C. Masters in Tally.ERP 9

Masters are  related to master ledgers which transactions can’t be possible.When we create a new company, by default there will be only two ledgers system created so to post any vouchers, we must first create some master ledgers

 

D. Transactions in Tally.ERP 9

Transactions related to posting of real Accounting vouchers, inventory vouchers, Orders vouchers and Payroll vouchers

E. Utilities | Tally.ERP 9 Getting Started Guide

Utilities option in the Tally.ERP 9 refers  to  the import of masters/vouchers from excel/xml etc

Banking menu offers  some very useful options of proper storing, printing managing data related to banking, cheque printing, deposit slip printing, searching a cheque number and so on.

F. Reports | Tally.ERP 9 Getting Started Guide

Reports generate the below MIS reports from the system immediately

Accounts Book

Trial Balance

Stock Reports

Statutory Reports

 

The key thing to remember is that as soon as you post a voucher a balance sheet or a corresponding report will create on its own that means you don’t need to prepare a balance sheet in Tally.ERP 9. Tally software will prepare the  balance sheet for you!

The shortcode to activate Voucher entry is V. Here Voucher Entry means Financial vouchers.

Let’s see which type of Vouchers are there which we can enter and it’s effect on Accounts and Balance Sheet.

G. Display

The Display option is same as reports but provides more  in-depth reports/books of accounts.

 

Now, let’s explore Payment Vouchers

 

01. Payment Vouchers (Short Code F5)

When the money is paid from the bank account of the company

or when from its cash box :

The transaction is to be entered through the Payment Voucher.

When a third-party pays money on your behalf to someone else, Payment voucher will  not be used. In that case, a journal voucher to be used.

Effect of the Payment Voucher.

– If you are paying to suppliers, your cash /bank balance will reduce by that amount and your liabilities will reduce.

Here is the voucher Entry section . Look to the right sidebar.

Just have a look at  the TOP LEFT sidebar as mentioned payment in red color it displays the current voucher type you have selected and you can pass only payment entry here.

Now look to right sid bar where you can find other voucher types like Receipts, Contra, Journal, Sales, purchases etc.

It also gives shortcode too for e.g. F2 is to select/change the date of the voucher entry.

The top navigation bar shows options like print, export email, upload etc which are useful after passing a voucher.

Tally.ERP 9 Getting Started Guide
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We will see more about this in coming articles.

 

Points to remember while posting entries in Tally.ERP 9

  • Don’t use journal voucher to post payment or receipt Voucher
  • Use the Specific voucher only which represent the type of the transaction
  • Always take care for proper Grouping of the accounts Master
  • Never forget to write narration to describe the nature of the transaction