A Path Breaking Technology

Tally.ERP 9 – It’s Fast, Powerful, Scalable… And very Reliable!

 

Tally.ERP 9 is the world’s fastest and most powerful concurrent Multi-lingual business Accounting and Inventory Management software. Tally.ERP 9, designed exclusively to meet the needs of small and medium businesses, is a fully integrated, affordable and highly reliable software. Built on the proprietary technology of Tally Solutions – C:MuLATE (Concurrent Multi-lingual Acceler- ated Technology Engine) – Tally.ERP 9 is a perfect fusion between the path-breaking Concurrent Multi-lingual Platform and an Object Oriented Database Engine. Technology on which someday all business accounting solutions will be built.

  

Tally.ERP 9 is easy to buy, quick to install, and easy to learn and use. Tally.ERP 9 is designed to automate and integrate all your business operations, such as sales, finance, purchasing, inven– tory, and manufacturing. With Tally.ERP 9, accurate, up-to-date business information is literally at your fingertips anywhere. The powerful new features and blazing speed and power of Tally.ERP 9 combine with enhanced MIS, Multi-lingual, Data Synchronization and Remote capabilities help you simplify all your business processes easily and cost-effectively.

 

Simply the Best

 

The Tally.ERP 9 encompasses the following salient features :

  

☞   Simplicity : Tally.ERP 9 is simple, easy to setup and use. It also allows easy Keyboard operations. It requires basic knowledge of Accounts and English to use it. 

 

☞       Speed : Tally.ERP 9 provides the capability to generate instant and accurate reports, which assists the management to take timely and correct decisions for the overall productivity and growth of the company.

☞Power : Tally.ERP 9 allows the user to maintain multiple companies and with unlimited lev- els of classification & grouping capabilities. It also allows drill downfacility from report level to transaction level.

  

☞Flexibility : Tally.ERP 9 provides flexiblity to generate instant reports for any given period (month/year) or at any point of time besides providing the facility to toggle between Accounting & Inventory reports of the same company or between companies.

  

☞ Scalability : Tally.ERP 9 suits to any style of business needs and eliminates the necessity for a business to change its style of operation, in order to adapt to the application.

  

☞ Concurrent multi-lingual capability : Tally.ERP 9 offers you the exclusive capability of maintaining your accounts in any Indian language, viewing them in another language and printing them in yet another Indian language.

  

☞ Real time processing : Immediate posting & updation of books of accounts as soon as the transactions are entered, thereby facilitating instant statements & Reports. It also faciliaties real-time multi-user environment.

  

☞ Accounting without Codes : Tally.ERP 9 allows accounting with the regular names (the way you spell them or use in normal parlance) without any account codes.

  

☞ Technical support : Timely support is available from our experts at the Tally Service Part– ners (TSPs)

  

☞ Online Help :   The Tally.ERP 9 Online Help (Alt+H) provides instant assistance on basic and advanced features or any other relevant topics of Tally.ERP 9.

  

☞ Tally.NET : is an enabling framework which establishes a connection through which the remote user can access the Client’s data without copying transferring the data.

  

☞ Remote Access : Tally.ERP 9 provides remote capabilities to access the data from any- where and anytime.

  

☞ Control Centre : works as an interface between the user and Tally.ERP 9 installed at dif- ferent sites and enables the user to centrally configure and administer Site/User belonging to an account.

 

☞ Support Centre : allows a user can directly post his support queries on the functional and technical aspects of the Product.

  

☞ Auditor’s Edition : Tally.ERP 9 offers a special Auditors’ Edition of Tally.ERP 9, which pro– vides auditing and compliance capabilities exclusively for Chartered Accountants.

Credit Limits

Tally.ERP 9 provides you with the feature to set threshold limits for the trading transactions with your Sundry Debtors. On setting the Credit Limits, transactions beyond the specified limit are restricted. This feature is very significant in reducing potential bad debts.

To activate Credit limits,

Set Maintain Budgets & Controls to Yes in F11: Accounting Features

To set Credit limits,

Go to Gateway of Tally > Accounts Info. > Ledgers >Credit Limits,

Select the required Group.

Specify the Credit limit for each ledger account and the applicable credit period

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You can also define the Credit Limits for individual ledger accounts at the time of creation /Alteration, in the Ledger Master screen.

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 Bank Reconciliation

Tally.ERP 9 provides you the facility to reconcile the transactions of your Bank Book with the Bank Statement and instantly displays the Balance at Bank and as per the Bank Book, this facility sig- nificantly helps in planning your payouts. The reconciliation of bank transaction using the reconcile feature is very simple and easy to use, by simply entering the date of debit / credit of a particular transaction in the Bank.

To view Bank Reconciliation Statement:

Go to Gateway of Tally > Display > Account Books > Cash/Bank Book

Select the required Bank Account and press Enter on the required month (or F2 and specify the required period from which you want to reconcile your bank accounts)

Press F5: Reconcile

Enter the date of clearing (date on which the transaction is being debited / credited) from the Bank Statement.

After reconciliation, you may also toggle to other reports, by pressing the relevant buttons from the Button Bar.

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You may also specify the effective date of reconciliation in the Bank Ledger Master to predefine the date of reconciliation for transaction starting from where you want to reconcile.

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Complete Book-keeping

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 Flexible Reporting

Tally.ERP 9 can be used to generate financial reports, accounting reports, inventory reports, statutory reports and management control reports.

1.6.1 Bird’s eye View/ Drill Down Display:

Tally.ERP 9’s unique features provide you with the required information at a glance. For example- Ratio Analysis and Statistics provide you with wealth of information for decision making in a single screen.

The Statistics showing list of masters and vouchers will appear as shown :

1.6.2 Drill Down Display

Tally.ERP 9 allows you to drill down from any report to its various lower levels till the voucher level. For e.g. you can view a Balance Sheet report and select a required group from it and drill down to the voucher level. Any changes made by you in the voucher (i.e. if allowed by current security levels), are reflected real time at all levels.

1.6.3 Date based Reporting

In Tally.ERP 9, you can generate reports by selecting a particular date or a date range. You can also compare reports of two selected periods, months or financial years. Reports in Tally.ERP 9 are generated based on the transaction date and not on the date of actual entry thereby ensuring accurate representation of information. Tally.ERP 9’s unique and simple approach to reconcile bank statements is based on date of transaction and realisation.

1.6.4 Voucher and Cheque Printing

Tally.ERP 9 provides you with a facility to print all types of vouchers. You can print a voucher on save or you can print it later. It is also possible to print formal receipts and cheques. The real benefit for a user is that you issue cheques to parties only after accounting the payment transac- tions

To activate Cheque printing,

Go to Gateway of Tally > F11: Features > F1: Accounting Features

Set Enable Cheque Printing to Yes

Enable Set/Alter Cheque Printing Configuration to Yes

Enter the Company Name on the Cheque (if cheque is not preprinted with Company Name)

Enter the Bank Name (as created in the Ledgers)

Company Cheque Details Screen

Tally.ERP 9 allows you the flexibility to specify the payee’s name other than the ledger account under which the payment is accounted. Once the voucher is saved, Tally.ERP 9 prompts you to print the cheque.

 

 Why is Tally the best for basic Financial Management?

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Tally.ERP 9 provides you the capability to generate various financial statements and Management Information system reports, thereby facilitating better management, effective control and well- informed decisions. Following are the some of salient features, which makes Tally.ERP 9 best for basic financial management.

Fund Flows

Receivables Turnover (Payment performance of debtors)

Branch Accounting

Flexible Period Accounting

Budgeting and Control

Cost centers / Profit centers with multiple Cost Categories

Ratio Analysis

Scenario Management

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Fund Flows

A Fund Flow statement reflects the movement in sources and application of funds which impacts the business’s working capital and cash position. It includes operational funds, increase and decrease in inventories, creditors/debtors. This statement reveals the sources of the Funds and their applications. Tally.ERP 9 tracks automatically all transactions entered and readily provides a Funds Flow Statement.

To view Fund Flow Statement,

Go to Gateway of Tally > Display > Cash / Funds Flow > Funds Flow

Select any month

Press Enter

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Budgeting and Control

Businesses need to control their expenses based on income levels and monitor variances. Budgets in Tally. ERP 9 helps you compare the actual financial performance versus budgeted figures and obtain variance reports. You can define multiple budgets (e.g. Optimistic Budget, Realistic Budget) or even create budgets for different periods. The budget values can be defined for each Group as well as for all Ledgers.

To configure for budgets,

Go to Gateway of Tally > F11: Features > F1: Accounting Features

Set parameter Maintain Budgets and Controls to Yes

To create budgets,

Go to Gateway of Tally > Accounts Info. > Budgets > Create

Specify a name for the budget

Specify a date range for the budget

Set Yes to Groups / Ledgers and assign budget to selected groups/ledgers

To view budget reports,

Select any report (Balance Sheet, Profit and Loss A/c, Trial Balance)

Select Alt + C (New Column)

Specify details for period, Currency and Method of Stock Valuation. (Default or as per requirement)

Select the created budget name for Types of Value to show

Set Show Variance to No

Variance Analysis

Once you have created Budgets, you can view the Variance Analysis Report which provides infor- mation on the difference between the actual versus the budgeted figures. This report helps man- agement to figure out variances and work to remedy the situation with the ability to drill down to the voucher level the user is able to understand which particular transaction or group of transac- tion brought about the variation.

To view a variance analysis report, you may set the option Show Variance to Yes, as explained above or follow the steps given below :

Go to Gateway of Tally > Display > Trial Balance/Account Books (Group Summary)

Select the Budget Variance (Alt + B) – Type of budget

To view the variance report in detailed mode, press Alt+F1 from the above report.