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Tag: Tally for Beginners
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50 GST Voucher Entries in TallyPrime (With Free Excel Download) – Real-World Accounting Practice
Goods and Services Tax (GST) has transformed the way Indian businesses record and report transactions. TallyPrime—India’s most widely used accounting software—offers built-in GST features to ensure compliance and efficiency. But simply enabling GST is not enough; understanding how to pass accurate voucher entries is what makes you a competent accountant. In this guide, we’ll explore…
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Tally Multi GST Rate Entry in Tally Prime – Step-by-Step Guide with Examples for Tally Interview
In modern business accounting, it’s common for companies to deal with products or services taxed at different GST rates. For example, a company may sell two categories of products: If you are a Tally user or preparing for a Tally interview, knowing how to handle multiple GST rate entries is crucial. In this guide, we…
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Outstanding Report in Tally Prime | Complete Guide with Credit Sales Entries
Tally Prime is one of the most popular accounting software used by businesses of all sizes. One of its most important features is the Outstanding Report, which helps users track credit transactions efficiently. Whether you are a Tally user, an accountant, or preparing for a Tally interview, understanding this report is crucial. What is an…
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100 Essential Ledger Accounts for a Logistics Company with Tally Prime Groups & Setup Guide
✅ What Are Ledgers? Ledgers in accounting are books or digital records where all financial transactions related to a particular account (e.g., fuel expense, customer, vendor) are recorded. 🧾 100 Ledger Names for a Logistics Company (Categorized) 🔹 Assets (Group: Assets) Ledger Name Group 🔹 Liabilities (Group: Liabilities) Ledger Name Group 🔹 Income (Group: Indirect…
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100 Ledger Examples in Tally with Correct Groups – Complete Guide for Beginners
Here is a list of 100 practical ledger examples commonly used in Tally (ERP 9 / Prime), along with the correct group classification under which each ledger should be created. This is extremely useful for learners, accountants, and professionals managing accounts setup in Tally. 📘 Ledger Creation Examples in Tally with Group Classification S.No Ledger…
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Last-Minute Tally Interview Booster 🚀✅ Questions + Answers Inside
Here’s a Last-Minute Tally Interview Preparation Guide tailored for quick revision, including key topics, interview questions, and a cheat sheet. Ideal for accounting, finance, or data entry roles using TallyPrime or Tally ERP 9. ✅ Key Topics to Revise 💬 Common Interview Questions 📝 Cheat Sheet (Printable Highlights) Shortcut Action Alt+F1 Detailed Report F11 Features…
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Step-by-Step Guide to Ledger Creation in Tally
Creating a ledger in Tally is a fundamental part of accounting, as all financial transactions are recorded through ledgers. In TallyPrime, ledgers are created under Groups (like Capital Account, Sales, Purchase, Cash-in-Hand, etc.). 🎯 What is a Ledger in Tally? A Ledger in Tally is a record of all transactions related to a specific account,…
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Applying VAT on Fixed Assets in Tally.ERP 9 – Step-by-Step Tutorial with Examples
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…
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Recording VAT Entries in Tally.ERP 9 with Detailed Steps and Examples
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…
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Comprehensive Guide to Sales Order Management in Tally ERP 9
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…
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Setting Up and Executing Purchase Order Processes in Tally ERP 9
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…
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Inventory Management Tasks and Solutions in Tally ERP 9
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…