Accounting or book keeping is an important aspect of running a business successfully. Tally.ERP 9 provides simple-to-use accounting features that enable you to record business transactions easily.
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You can record transactions necessary for your business by creating and maintaining masters, vouchers, and generating reports. Tally.ERP 9 enables you to perform and manage all of the major accounting operations in your business, such as:
● Booking-keeping of all transactions, including creating and maintaining invoices
● Maintaining bill-wise payment information
● Processing transactions for banking, including cheque management and reconciliation
● Managing cost and profit centres
● Implementing statutory and interest calculations
● Viewing Balance Sheet, and profit and loss account
You can get started with Tally.ERP 9's accounting features instantly to:
● Create your company and masters (bank ledgers, party master, cost centre ledgers or employee ledger), as required.
● Configure your company for any statutory or other business requirements.
● Record voucher transaction with entering details of your product or service.
● View reports to know the financial status of your business.
The accounts information lists accounting masters like groups , ledgers and voucher types with which you can provide company's account details. Accounts information provides:
● Single master option to work with one master at a time.
● Multiple masters option to work with many sub-masters at a time. A sub-master behaves exactly like a master.
To view the menu options, go to Gateway of Tally > Accounts Info. Accounts information for ledgers, groups or voucher have the following functions:
|
Function |
Description |
|
Create |
To create new masters. |
|
Display |
To view the m aster information. Master information cannot be modified in the display mode. |
|
Alter |
To view and make changes to the master information. You cannot create masters in the alter mode. |
1. Go to Gateway of Tally > F11: Features > F1: Accounts.
2. Select the company from the List of Companies . The Accounting Features screen appears as shown below:
See F11: Company Features in Tally.ERP 9 for details.
● Go to Gateway of Tally > F12: Configure > Accts / Inventory Info. The Master Configuration screen appears as shown below:
Note: The configurations is applicable for all ledger masters. Changes can be made in the Ledger Configuration screens as well.