Tag: Tally for Beginners

  • Mastering Inventory Management in Tally ERP 9

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    Himanshu
    in

    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 Management in Tally ERP 9

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    by

    Himanshu
    in

    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:…

  • Mastering Voucher Entry in Tally ERP 9

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    Himanshu
    in

    In Tally ERP 9, voucher entry is the process of recording financial transactions such as payments, receipts, sales, purchases, journal entries, contra entries, debit notes, credit notes, and payment advices. Here’s how to do voucher entry in Tally ERP 9: Steps to Perform Voucher Entry: Enter Voucher Details: Save the Voucher: View or Print Vouchers:…

  • Types of Voucher Entry in Tally with Examples

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    by

    Himanshu
    in

    Type 1: Payment Voucher: Type 2: Receipt Voucher: Type 3: Sales Voucher: Type 4: Purchase Voucher: Type 5: Journal Voucher: Type 6: Contra Voucher: Type 7: Debit Note Voucher: Type 8: Credit Note Voucher: Type 9: Payment Advice Voucher: These examples illustrate the various types of voucher entries available in Tally ERP 9 and their…

  • Mastering Voucher Entry: Manual Accounting with Three Golden Rules and Examples

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    Himanshu
    in

    Three Golden Rules of Accounting: 1. Debit (Dr.): 2. Credit (Cr.): 3. Dual Aspect: Steps for Voucher Entry (Manual): Step 1: Identify the Transaction: Step 2: Analyze the Transaction: Step 3: Prepare the Voucher: Step 4: Apply Double-Entry: Step 5: Calculate Balances: Step 6: Post to Ledger: Examples of Voucher Entries: Example 1: Cash Purchase…

  • Ledger Creation Examples in Tally ERP 9

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    Himanshu
    in

    In accounting, a ledger is a principal book or record where all financial transactions of a business are recorded. It is essentially a collection of accounts, each representing a specific aspect of the business’s financial activities. Ledgers serve as the foundation for preparing financial statements and analyzing the financial health of a business. Components of…

  • Education Mode and Company Creation and Management in Tally ERP 9

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    by

    Himanshu
    in

    Tally ERP 9 is a widely used accounting software that offers various features for managing financial transactions, inventory, and payroll, among other functions. It is often used by businesses of all sizes to streamline their accounting processes. When learning Tally ERP 9, users can access an “Education Mode” that allows them to familiarize themselves with…

  • Tally.ERP 9: Introduction and Installation Guide

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    by

    Himanshu
    in

    Introduction to Tally.ERP 9: Tally.ERP 9 stands as a robust business management software solution meticulously crafted to streamline and automate various financial and accounting processes across businesses of diverse scales. Developed by Tally Solutions Pvt. Ltd., Tally.ERP 9 has gained widespread acclaim globally for its user-friendly interface, extensive features, and scalability. With Tally.ERP 9, businesses…