Bank reconciliation is a process that explains the difference between the bank balance shown in an organization’s bank statement, as supplied by the bank, and the corresponding amount shown in the organization’s own [accounting] records at a particular point of time. The Bank Reconciliation option in the Banking menu enables you to reconcile bank accounts. You can access bank reconciliation …
You can create a group company in Tally.ERP 9 to conveniently view all your companies at one place. This group company can function as a single economic entity, where financial reports such as Balance Sheet, Profit and Loss A/c and Trial Balance are consolidated without any impact on the transactions. Irrespective of whether your branches …
Easily and quickly close the books of accounts of a financial year, and move your company data to the next financial year. You can achieve this in multiple ways in Tally.ERP 9. 1. Change Current Period To move your data to the new financial year, change the current period to: Continue the voucher entry in …
TallyERP9 Tutorial Part-33: Year-end Processing and Splitting Company Data Read More »
Tally.ERP9 provides various security options which can be enabled in this section: TallyVault password : An enhanced security system that allows encryption of your company data. Encryption involves converting normally accessible Tally information into unrecognizable information, which can only be reconverted by authorised persons. Use security control : Security control enables you to initiate a password-protected …
TallyERP9 Tutorial Part-32: Security Control and Password Read More »
MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making. You can view the following types of MIS Reports in Tally.ERP 9: Accounting Reports: To obtain information on the financial position, operational performance and economic activities of the business. Financial Reports: To determine the financial condition of an …
The transactions entered in Tally.ERP 9 are immediately posted to the respective ledgers, books and registers. The inventory reports are generated based on these transactions. This facilitates instant reporting and faster decision making. The appearance of reports can be changed according to your requirements. From a report, you can drill down to the next level …
TallyERP9 Tutorial Part-30: Inventory Reports and Statements Read More »
In TallyERP9, as soon as the transactions are entered they are immediately posted to the respective ledgers, books and registers thereby facilitating instant reporting and faster decision making. Books of account record the transaction details as entered. Although items are posted too many different ledgers, Tally.ERP 9 brings all the transactions of a particular category …
TallyERP9 Tutorial Part-29: Reports on Books, Registers and Ledgers Read More »
Financial Statements summarizes individual transactions to show totals, ratios, and statistics required by users to analyze a company’s financial data. Broadly, Financial Statements include the following four major statements, which form a part of the statutory requirements for companies in most countries : Balance Sheet Profit & Loss A/c Trial Balance Receipts & Payment A/c …
TallyERP9 Tutorial Part-28: Reports on Financial Statements Read More »
1. Reports in TallyERP9 On entering the vouchers, Tally.ERP 9 uses the same data and provides you with the management control reports in addition to all books and statements. The display of information is designed to allow a user to get the maximum benefit of the data that is entered. The display screens of Tally.ERP …
TallyERP9 Tutorial Part-27: Reports with Modification Read More »
1. Memo (Memorandum) Voucher in TallyERP9 This is a non-accounting voucher and the entries made using it will not affect your accounts. That is, Tally.ERP does not post these entries to ledgers but stores them in a separate Memorandum Register. (A) Some uses for Memo Vouchers : Making Suspense Payments : For example, the company …
TallyERP9 Tutorial Part-26 : Non-Accounting and Optional Voucher Read More »
