Setting Up Masters in Tally e-Billing
Tally e-Billing enables you to create and maintain the accounting and inventory masters used for business transactions. You can create the required masters, customise them to suit your processes, and alter them as your business needs change.
Sign In and Company Creation
Sign in to Tally e-Billing using your Tally.NET ID to access your business data. If you are a new user, create a company with your business details. If you already have a company, select it from the List of Companies and continue working with your business data.
After creating or selecting a company, you can configure company details, invoice preferences, and other operational settings. You can also alter existing company details and set a default company to open automatically when you launch Tally e-Billing.
Users and Access Control
Create users and assign access based on their roles and responsibilities. Tally e-Billing provides predefined security levels, and you can also create custom security profiles and define permissions according to your business requirements.
Accounting and Inventory Masters
Create the accounting and inventory masters required to record your business transactions. Set up Customer and Supplier Accounts, Sales and Purchase Accounts, Service Accounts, Tax Accounts, and Income and Expense Accounts for your accounting requirements.
For inventory transactions, create Units, Stock Groups, and Stock Items with the details required to manage your goods and services. You can also create foreign currencies and configure their exchange rates for transactions in different currencies.
Voucher Types Configuration
Configure the voucher types used to record your business transactions. Tally e-Billing provides default voucher types for Sales, POS, Purchase, Sales Return, Purchase Return, and Journal. You can configure their numbering, predefined ledgers, and display and print preferences according to your requirements.
Invoice Printing Configuration
Customise your invoice print format to suit your business requirements. You can choose from the available templates, customise fields, labels, and column headers, configure the invoice title, add Declaration Text and Terms & Conditions, and specify the number of copies to print.
Currencies and Exchange Rates
Use the base currency configured for your company or create additional currencies for transactions in foreign currencies. For each foreign currency, you can define the standard, buying, and selling exchange rates used for currency conversion.
CBMS Integration
As per IRD guidelines, Sales and Sales Return vouchers recorded in Tally e-Billing must be synchronised with CBMS. Set up CBMS Integration using your Username and Password to enable the synchronisation of these vouchers with CBMS.
Sync Configuration
To synchronise data from Tally e-Billing to TallyPrime, set up TallyPrime for synchronisation. This includes configuring TallyPrime to connect with Tally e-Billing and preparing it to receive the required masters and vouchers.
Data Import
Instead of creating masters individually, you can import them in bulk using CSV, Excel, or XML files. This allows you to bring the required accounting and inventory masters into Tally e-Billing and get your company ready for recording transactions.
