Author: Himanshu

In Tally.ERP 9, applying VAT (Value Added Tax) on fixed assets involves a few steps. Here’s a comprehensive guide on how to apply VAT on fixed assets in Tally.ERP 9: Step 1: Creating Fixed Assets Ledger: Step 2: Enabling VAT in Tally.ERP 9: Step 3: Creating VAT Ledger: Step 4: Recording Purchase of Fixed Asset…

VAT entry in Tally.ERP 9 is essential for businesses to accurately record Value Added Tax transactions. Below, I will guide you through the process step-by-step, including examples and explanations: Step 1: Create VAT Ledgers Step 2: Enable VAT in Tally Step 3: Make Sales Entry with VAT Step 4: Record Purchase Entry with VAT Step…

VAT, which stands for Value Added Tax, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is an indirect tax, meaning that the tax is passed on to the end consumer as part of the purchase price. VAT is one of the most…

Let’s walk through the stages and voucher entries in the sales order process in Tally ERP 9: 1. Sales Order: Definition: A sales order is a document issued by a seller to a buyer, confirming the details of the products or services the buyer intends to purchase. Steps to Create a Sales Order in Tally…

Before performing the entries related to purchase orders, receipt notes, rejection outs, purchase bills, and debit notes in Tally ERP 9, it’s important to ensure that relevant features are activated. Here’s how you can activate these features: 1. Enable Inventory Management: 2. Set Up Inventory Features: 3. Configure Purchase and Sales Vouchers: 4. Activate Rejection…

Sales and purchase orders are essential documents in the process of buying and selling goods and services. They serve as formal agreements between a buyer and a seller, outlining the details of the transaction. Here’s an explanation of sales and purchase orders in detail: Purchase Order: Definition: A purchase order (PO) is a commercial document…

Task 1: Inventory Setup Task 2: Purchase Entry Task 3: Sales Entry Task 4: Inventory Reorder Level Task 5: Inventory Valuation Task 6: Inventory Aging Analysis Task 7: Inventory Adjustment These tasks cover various aspects of inventory management in Tally ERP 9 and provide students with hands-on experience in using the software for inventory-related transactions…

Managing inventory information in Tally ERP 9 involves creating and organizing stock groups, stock categories, stock items, units of measurement, godowns, batch numbers, and recording stock transactions. Here are detailed steps along with five practical examples: Steps for Managing Inventory Information: Step 1: Creating Stock Groups Step 2: Creating Stock Categories Step 3: Creating Stock…

Inventory information in Tally ERP 9 encompasses a range of data related to the management of goods, products, and materials within a business. It allows businesses to track stock levels, monitor inventory movements, and manage purchase and sales orders efficiently. Here’s a detailed explanation of inventory information in Tally ERP 9: Components of Inventory Information:…