Accounting Features

Maintain accounts only?

Enable this option if you do not have any inventory transactions.

Integrate accounts and inventory?

Enable this option to include the stock or inventory balance from the inventory records.

Provides a drill down to the stock registers from balance sheet.

Disable this option to maintain accounts and inventory separately.

Stock records often contain compensating errors caused by wrong allocation to items. This feature enables finalization of financial books without waiting for the reconciliation of stocks.

Use Income and Expenses A/c instead of Profit and Loss A/c?

Enable this option to display income and expenses a/c as the menu item instead of profit and loss a/c in the Gateway of Tally menu.

Income and expenses statements are generally used for non-trading accounts and profit and loss a/c are used for trading accounts.

Enable multi-currency

Enable this option to enable working with multiple currencies.

Maintain bill-wise details?

Enable this option to display the option Maintain balances bill by bill in all ledgers created under sundry debtors and creditors.

When you enter details of sales and purchases with the bill wise option activated, Tally.ERP 9 prompts you to identify the invoice with an appropriate reference number.

The reference number can then be used to allocate payments to the correct invoice to maintain an accurate account of outstanding.

Bill wise details for non-trading accounts is useful when one needs to track either an installment to be paid or a loan amount to be received over a certain period of time.

Activate interest calculation?

Enable this option to calculate interest automatically based on the interest rate and style of calculation specified.

The advanced parameters are useful when interest rates change from time to time. Set this option to Yes to enable this function.

Maintain payroll?

Enable this option to maintain payroll information in Tally.ERP 9 for the selected company.

Maintain cost centres?

Enable this option to maintain and allocate expenses to cost centres.

Use cost center for job costing?

Enable this option to track all income and expenses.

Maintain more than one payroll or cost category?

Enable this option to create more than one Payroll or Cost Category.

Use pre-defined cost centre allocations in transactions?

Enable this option to define Cost Centre Allocations.

Show opening balance for revenue items in reports?

Enable this option to display the opening balance in Cost Centre report for the cost centres which are allocated to the ledgers, grouped under Income and Expenses Group.

Enable invoicing?

Enable this option to create Sales and Purchase vouchers in the invoice format.

Record purchases in invoice mode?

Enable this option to enable voucher class option in purchase voucher type.

Use debit and credit notes?

Enable this option to use the debit note and credit note voucher types.

Record credit notes in invoice mode?

Enable this option to create credit notes in invoice mode.

Record debit notes in invoice mode?

Enable this option to create debit notes in invoice mode.

Maintain budgets and controls?

Enable this option to create multiple budgets. The Budgets menu option is displayed in Gateway of Tally > Masters Info. > Accounts Info. menu.

Use reversing journals and optional vouchers?

Enable this option to display the Scenario option in Accounts Info menu. You can create and alter scenarios. You can record Reversing Journal and make it Optional for the entries to not affect the books.

Enable cheque printing?

Enable this option to use cheque printing.

Edit banking features?

Enable this option to alter banking features.

Set/alter post-dated transaction features?

Enable this option to record post-dated transactions and view related reports.

Enable zero-valued transactions?

Enable this option to allow zero valued transactions in vouchers.

Maintain multiple mailing details for company and ledgers?

Enable this option to maintain multiple mailing details for your company and ledgers.

Set/alter company mailing details?

Enable this option to create or alter Address Types.

Enable company logo?

Enable this option to print the company logo on the selected vouchers, reports, and invoices.

Specify the path of the logo image file in the field Location of logo. For example, C:\Tally.ERP9\CompLogo.bmp. The company logo is printed on the top left of the respective voucher, report, or an invoice.

It is mandatory to save the logo as Bitmap or JPEG image file. Ensure that the extensions .bmp/.jpg is specified while providing the location of logo. The recommended size for logo image is 96 x 80 (Width x Height) pixels.