Introduction of Tally 9

Tally 9 is the wonderful accounting software .It got good reputation in the field of business .A businessman wanted an accounting software which be handled easily. Tally 9 is pure on this desire of businessman. Bharat Goenka is the managing director of Tally Solutions, India's leading company in business accounting software. Tally solution Co. 's main slogan is simplicity .That is also in real .From a small sole trade business to large scale multinational companies accounts can easily keep in tally 9 data base .There is no difficulty in operating tally 9 , accounting software .It uses 4 fundamental formula for recording :

Ist formula à is to record different companies’ creation, display and alteration
2nd formula à is to record all ledger accounts vie create, display and alter under different head or master accounts.
3rd formula à is to record all voucher entries.

Tally 9 the accounting software include also different data base of tds items, and service tax rate etc. Tally 9 can easily operate by non commerce background persons also .In the bill wise voucher entries there no need of journal entry .That is good point of tally 9 and it goes to the favors who do not know double entry system. Education of tally 9 is very simple. All work in this software is under good discipline , suppose if you want to pass voucher entry but , if you have not create ledger account of that voucher entry , then tally will not pass the voucher entry at that time tally 9 gives you facility to make ledger account in accounting vouchers . For this just press Alt +C for creating ledger account in accounting voucher.



Tally 9 provides good accounting environment. Import, export, print, email, web publishing direct from tally 9 software is the one of major reason of its popularity.
If we compare tally 9 with other accounting software in India, the tally 9 gets No. 1 position in market. We can do comparison of its extra large facility regarding its VAT calculation, automatic interest calculation and fringe benefit tax calculation.
In tally 9 we can easily record of sale trade, partnership firm, MNC, business of commission agents, share market and money market business records and other service and professional sector records.
Now, some Govt. Sector's large institution is also adapting tally 9 accounting software.
According to AK Nandani who is 20 years experience in the field of accounting and system analyzing says that tally 9 provides the scientific system to businessman through its invoice, order of purchase bill wise entry and recording of forex accounting. Association of Indian Chartered Accountant India also happy by use this software because they can audit the accounts on tally 9 very easily. In company creation audit feature can easily include. Bank reconciliation in tally 9 is very good for auditing point of view. Tally 9 is single Software which provides the facility of bank reconciliation. The double security system of tally 9 is very good from security of data point of view and preventing Anonymous access point of view.
Tally 9 is becoming torch - bearer for all businessmen who were facing difficulty to record all their branches transactions tally 9's simple cost center feature solve all problems regarding record of transaction more than one job , machine , process , department , branches and sub branches .
Speed can be increase in tally 9 up to 30 to 40% from simple voucher entry passing through following way

1. Multiple ledger creation
2. Effective use of short cut commands of tally 9
3. Effective utilization of configuration button.

For free download of tally 9 >> Download

How to make budget in tally 9

we must create budget ledger proper way . This is also a addition facility . But when we have created the ledger of budget we do voucher entry of all items . In the end of the year or as specified your period you have to check you variance of actual amount of sale or as specified item by you with budgeted item and now I am teaching you how to complete this process .

Read first tutorial seriously and after making actual voucher entry , you will click and then click trial balance


and here you will see right side budget and now you can see Budgeted sale and actual sale and calculate the variance . If actual sale is more than budgeted it means this is in favour of our budget . If actual sale is less than budgeted sale it means it is unfavourable.

One important point must be note that you must select whole period for getting true comparison

How to make budget in tally 9 -Part 1

Tally 9 gives you the facility of making of budget . With the help of tally , you can make different department budget and see the variance . First of you must know the meaning of budget . Budget is just numerical estimation of all expenses and incomes . Different departments make budget for checking their performance in one year . If you want to make budget you must first go to feature 11 and write yes on budgeting as shown in picture





After this you should accept this feature , Now at gate way when you click account info you will see budget , here you can create the ledger of budget . For this you should click budget button




In budget you will see create


and alter because you have to create first time so you must click on create , you can create financial budget with different account it may for sale account , purchase account , expenses account and profit account . I create sale accounts one year budget

Deep study of Feature F11 of tally 9 - Part 1

deep study on the topic of feature 11 of Tally 9 . Each and every yes or no in feature can change the structure and system of passing voucher entries and its effect on final accounts.

In the Gateway of tally this is right side button

Feature 11

In the first part we will discuss today Accounting Feature
Tally 9 divides the Accounting Features in main six categories . You are seeing on the screen
Today we discuss First category
First Category
General
In general catagory , there are three buttons and every button show No but you can write it yes for you business benefit
1st button
Integrate Accounts and Inventory = yes or no
Integrate of account and inventory means automatic relationship of accounting and your stock.
Do you practical study of MS access . In ms access , you see the relationship button . This button is somthing related to that button. Now come on the topic
If you do it yes , it means all purchase and sale effect will show on the balance sheet and profit and loss account . There is other benefit of this that your closing stock is automatically becomes with yes writing . So I suggest you yes
But we should also No in some cases when we physically count the stock and we do not want to automatic effect on our final accounts.
2nd Button
We are business man we do not need to yes the second button , it means if you will do this button yes , then you are Non govt. Organisation and In NGO , they are not allowed to make profit and loss account but tally see both option
3rd Button
If you do trade more than one country , then you can allow multi currency option . For this you have to yes this button . But you are trading only in your country then why are you taking tension , just write no on this button
Rest is next time

Deep study of Feature F11 of tally 9 - Part 2

I am starting 2nd part of deep study of Feature F11 of tally 9 . Earlier , we have studied part 1 of this deep study . Today , We discuss second part . Our main objective of second part to give you the full understanding of Oustanding Management . What is outstanding management . This feature is relating to advance feature . Only those business where , we have necessary to maintain our records on the basis of bills and we also want to calculate interest . There are two main button and two sub-button in this feature .

1st button

Maintain bill -wise details yes or no

If , it is the need of business that you have to maintain and show all voucher entries on the basis of bill and giving print to your customer then write this option yes other wise there is no need of this button and with this button you are also seeing non trading a/c also . It means can it apply on ngo type business , if you do yes after this ngo can take the benefit of bill wise detail

2nd Button

Activate Interest Calculation is a very important button for investing and financing companies like banks , investors and money lenders and money taker. In other words , it is very necessary to calculate of interest on loan given or taken . So yes if you want to activate this facility in your business accounting . If there is no above case , then there is no need to activate this button and write no. You see also use advance parameters ? yes or no . This is also related with main button of activate interest calculation . If you want full detail of your interest with statement basis then activate this button .

Deep Study of Feature - F 11 of tally 9 - Part 3

Welcome in the third part of learning feature - F 11 of tally 9- part 3 . In this part , we will discuss cost / Profit Centres management . Cost centre is in simple wording is a branch or department of whole organisation . When you have only one office , one department , one place of work then you must select no in cost centre / profit centers management of tally 9's feature option , but if you have more than one department , more than one branch

1st Button

Suppose one is financial department

one is marketing department

one is production department

one is research department .

If you want to calculate the each and every department's employee and record it in the books . For this you should write yes in front of maintain payroll

2nd Button

If you want to calculate and record of each and every department and branch , the write yes in the front of maintain cost centres . After this a new button will exist in the account info.

This part 4 deep study tally

This part 4 deep study includes two head point one is invoicing and other is budget management . In invoicing tally 9 shows Three main button

Each transaction is entered through voucher . In a voucher , you first make the accounting entries . Followed by inventory allocation requiring prior computation of bill value.

First Button

First button has two part

Allow Invoice means passing all entries with full detail like name , quantity , unit , rate etc

So if you want all detail in your voucher entries then you will write yes in this option other wise you can write no

Enter purchase in invoice format

Purchase invoice is an external document . The computed figures are already available in purchase invoice . If you want to enter purchase bills in invoice mode also , respond yes. Responding no will restrict to enter transactions in voucher mode only.

2nd Button

use debit / credit notes

Respond yes if you want to use debit and credit note vouchers. Debit and credit note vouchers are required for entry of returned goods. If you set no , the accounting entries for returned goods should be made through journal voucher ,I do not recommend . When set to yes , you get following queries whether you wish to enter credit notes and debit notes in invoice format also.

Use invoice mode for credit notes

If you wish to enter credit note in invoice format also , respond yes other wise you can enter credit notes only in voucher format.

Use invoice mode for debit notes

If you wish to enter debit note in invoice format also respond yes otherwise you can enter debit notes only in voucher format.

Now we discuss second head point


Tally 9 changed his feature F11 format fully . Now It shows budget and scenario management
First Button
Maintain budget and controls
Every business has its objectives and goals .It must have an efficient mechanism to set its targets and appraisal of achievements in respect of the target . To achieve the important managerial controls . Tally 9 provides flexible system of budget . You can create multiple budgets for different purpose , for example bank , sales or financial etc. Apart from actual reports , you may also need reports on different hypothesis .In tally 9 , you can create different scenarios and get what if reports on that basis.
So simply write yes if you want to create budget and compare with actual data.
Button 2
If you want that when i pass the voucher entry , its effect will not change the value of final accounts then you will write yes in revising and optional voucher . Because , after this you can make your temporary vouchers for accounting work in process not complete .

Difference between optional voucher and regular voucher of tally 9

. In the gate way of tally , when you click on voucher entries , you will see different voucher in right side . These all vouchers are called regular vouchers .
You will see also one button of optional voucher , if you have select " use reversing and optional voucher in feature 11" . I want to define optional voucher . It is a temporary voucher . When , an accountant is not sure to validity of his voucher entry then he can pass voucher entry in optional voucher .There will no effect of this voucher entry on final accounts .But when , you sure that this is correct voucher entry , you can make it as regular voucher entry by clicking right side regular and accept it .After this it will affect the final accounts.


This difference is very useful for the accountant


one is accountant get the time to correct his voucher entry


Second , if any work in process , then entry can be done in optional base means provisional entry.

Process of Recording of Voucher in Multicurrency in tally 9

Recording of all foreign transaction in tally 9 is very easy but for recording you must apply extra procedure , so that you can easily pass the voucher entry in multicurrency.
I am giving the whole process of recording in muticurrency step by step. You have to use these steps for recording.
First step

Open tally 9
2nd step

Click feature butten F11 which is in right side below coner.
3rd step

Go to the multicurrency and write it yes and then accept feature F11
4th step

After this you will see multicurrency new button in Account info
Click multicurrency by
Gateway of tally >> account info . >> multicurrency
5th step

Here create different currency by giving symbol and original name of currency it may dollar , pound and others . and accept it one by one.
6th step

After it fix the rate of exchange
you have to go rate of exchange button and fix the date and rate
if dollar is Rs. 49.55 then it write and accept it
7th step

Now you are ready to pass any voucher entry of receipt or payment in multicurrency , for doing this you must also create other party name ledger and bank ledger of respected party .
8th step

Now click voucher enteries
If you have to the payment to an usa person
Then first write account as bank in payment voucher
After this tally ask party name write the party of creditor
then write the payment suppose if you have to pay $ 400 write it after this tally 9 automatically change it in indian amount then write name and date of issue of cheque in narration and accept it.
Now this is end of procedure , I hope you will learn this procedure very deeply.
Also See

Solution of major problems for not sending E-mail in tally 9 >> November 29, 2008

There are many major problems which restrict your email in tally 9 when you want to send any other person . So I am giving you the solution of above both problems . Before starting this we should understand that Sending of Important reports like profit and loss account , balance sheet and other reports from direct email in tally 9 is so important because it is time saving because if we print all these document and then send through yahoo or any other email facility it will take time. So why not take the benefit from this facility .
When you see these error you have to follow following procedure
Tally Emailing Error
1. Error Message Bad From address
a. Tally able to communicate to the SMTP server but the from address mentioned in
the From field is wrong OR
b. Authentication is not mentioned for the SMTP server that is user name and
password.
2. Error message Authentication Failed
a. Tally able to communicate to the SMTP server but the SMTP server denies the
access due to authentication. So mention the user name and password in the
authentication field. OR
b. If user tries to mention SMTP server address other than Internet service provider
or company domain SMTP address then the Authentication failed error message
will show.
3. Error Message Bad To address
a. Tally able to communicate to the SMTP server but the from address mentioned in
the From field is wrong OR
b. Authentication is not mentioned for the SMTP server that is user name and
password.
4. Error Message Failed to connect to Email server
a. Tally unable to communicate to the SMTP server. Mention the correct
SMTP server and check it.
b. Trouble shoot the above through Telnet service
c. Also check the pinging
1. Ping the mail server from dos prompt
In the command prompt, type ping smtp server name.
Once you press enter, response should receive from the email server.
2. If it is pinging, note down the ip address of the mail server and mention the
same in the Email server field in the tally.
If you get Request timed out indicates, as shown below that means
email server is not responding. So Contact the Internet provider regarding this.
5. Error Message Mail server did not handshake:
a. Tally able to communicate to the SMTP server but respond from the
SMTP server is failed.
b. Troubleshoot by changing the host name. Computer name should not
contain any special characters. For example. If computer name is
Krishna_01 then there may be a chance to show this error message while
sending email. So kindly ignore the special characters (-, @, #,_) while
defining computer name.

Tally 9 , one of best computer accounting software of the world

Today in the whole world , the name of tally 9 is active .

Because

• It is alone software which have the capacity to make every business's accounts .



• Tally 9 is new version of tally software which is the sixth generation of computer accounting software . So this software comes with several new facilities with him.



• In tally 9 we can make accounts fastly without any mistake .



• Now in tally 9 we can pick the window of tally 9 and do some work on excel and ms word also . Previous software have not that type of facility



• Separate the payroll voucher is very good work in tally , now accountant can make easily payroll slip for the payment to the employees . Full bio data is also recorded in tally 9 also for printing the pay roll slip

How to generate Pay Slip in tally 9

Making of pay slip is very important from company point of . Because , it is proof that company has pay to employee . It is also proof for employee that he receive the payment from company . Now we start the tutorial of how to get or generate pay slip in tally 9
I have make full steps in power point clips and publish it for your education . Read and understand the step .

Ist Step

Activate the following two buttons in Feature F11 in tally gateway


1. maintain payroll =  yes
2. more than one payroll =  yes
and then accept the feature

Accounting  Education

2nd step

you will see two new button on gatway of tally
1st button of Payroll info.


2nd Button is Payroll vouchers
Click the First Button of payroll info and then click Pay heads

Accounting Education

3rd Step

in the pay head you will creat ledger of basic salary and accept it

Accounting Education

4th step

Now come back by esc button and then click employee group , here you will primary cost catagory under your department it may sale or finance department and accept it

5th step

Now you can make the detail and bio data of different employees in employee button and accept all bio data one by one

6th step

Now click salary detail , here you can select the name of employee and create their salary


and accept this creation one by one

7th Step

Now come back on gateway of tally and the click payroll voucher entry , it is just single entry mode voucher entry


After this voucher entry you need not pass any other account voucher entry.

8th step

Now you can print pay slip
gateway of tally > display > payroll reports > payroll statement > Pay slip > respective slip can be print by above print command

How to break password for Tally

want to know how to unlock the passward of tally 4.5 , tally 5.4 , tally 6.3 , tally 7.2 , tally 8.1 and now tally 9 . Because of there are two reason for not giving you profect solution of this problem

1st Reason

Because of increasing the numbers of hackers , If we tells full detail of how to unlock the passward of any company account from tally , it will surely dangerous for company point of view . Because any unauthorised person can misuse this education for the purpose his personal benefit.

2nd Reason

It is not written on any face that he is speaking truth that he is really lost his passward of tally . He can lie to any expert in tally software and can commit any fraud .

But with seeing above reason we should not give this type of education , but it is also true that

If 1% out of 100% can speak truth and he can really in trouble , so it is our duty to help that 1% needy and leave all other happening of 99 % liers

So let us start for getting the education of breaking password for tally

1st point of Education

Always keep your tally passward in any file so that for you never need to get that type of education

2nd point of Education

Direct request sends to the company from where you have purchased the license of tally

3rd Point of Education

• Breaking the passward of tally 4.5

Tally 4.5, Account Security Breaker


Date of release : Tuesday, January 06, 2004
Type : Patch software download from http://www.ankitasdeveloper.tk/
Security : To break password of any account for Tally 4.5
Developer : Ankit
Website : http://www.ankitjain.info/

Instructions to break password :

1-> Open Tally 4.5 program
2-> Locate the Account in Select Company Menu
3-> Note the Account Number (located after the Company name
in the list), Say it is "004".
4-> Exit from Tally.
5-> Open the patch program ("PatchAccount.exe").
6-> Enter the path of file having name COMPANY.004 (inside Data directory of Tally) in
"Target File" text field. (Here 004 is the number of company) You can also use Browse button on the right side of "Target File" text field.
7-> Make sure that "Make a backup is selected", because the backed-up copy can be used (in case) the Account is damaged.
8-> Click on "Start".
9-> Open Tally and select that company And it's DONE. :)

• Breaking the password of Tally 5.4, Tally 6.3, Tally 7.2, Tally 8.1, and Tally 9

HDRC Presents Crack It ( Tally 5.4, Tally 6.3, Tally 7.2, Tally 8.1, and Tally 9 Password Recovery Software) used to recover the password from Tally version 5.4 to latest versions of Tally 9. In most business process data and information are used to store in computer hard drive using the software like 'Tally'. In Tally Data are stored in encrypted form using password or authenticated form. Sometime forgetting password or keys may arise some inconvenience in business development. HDRC launch its 'Crack It' software to recover the password of Tally version of all. You can and use it. Full version is also available to us. Online help will be provided from HDRC directly.

Download trial version from http://www.bestsoftware4download.com/software/t-free-hdrc-magic-crack-it-download-jkowsjdb.html ( tally password recovery software )

Product home page: http://www.vicman.net/scripts/visit.php?id=49947Download from http://www.hdrconline.com/

In last it will be costly for getting your password so always remember your password . This is the best treatment of breaking your password not only tally software but any software in this world .

Introduction of UDI - Magic Free Edition v1. Release 1.0

We will talking about UDI-FREE edition v1. release 1.0 . It is a software which is very helpful for tally 9 user . It can be download from Apni Tally . It is useful for two purpose .

1. Export the tally data to excel sheet


2. Tally report for your other purposes

Operating of this software is very easy . You have just download , then unzip and then install in your computer and you see short icon in your desktop , from here you can operate it .

Credit Note

I want to share the definition of Credit note and its voucher entry in tally 9 in simple english .
Credit Note ::----->
When A business organisation sells the goods to other business organisation . Some goods out of them can be rejected by other business organisation . At this time for recording the sale return , there is two method of making the voucher of this record .
Ist MethodWe wait our customer , when he send us Debit note . This Debit note will be the Credit note for our Sale return entry. With this Sale return entry our stock will increase with the amount of goods return inward.
and We make voucher Entry in Credit Note in tally 9
2nd Method
In this we issue the credit note as we accept rejected goods and pass the voucher entry of Sale return in Credit note. Steps of voucher entry in tally 9
1st Step
Yes the feature of debit and credit note
2nd Step
Create the Ledger of Sale return under the head of Sale

3rd Step
Pass the voucher entry of Sale return in Credit note voucher of tally 9

Debit Note - In Simple Enlish

I want to share the definition of debit note and its voucher entry in tally 9 in simple english .

Debit Note ::----->

When A business organisation purchases the goods from other business organisation . Some goods out of them can be rejected by a business organisation to other . At this time for recording the purchase return , there is two method of making the voucher of this record .

Ist Method

We wait our supplier , when he accepts our rejected goods and send us credit note . This credit note will be the debit note for our purchase return entry. With this purchase return entry our stock will reduce with the amount of goods return outward.

and We make voucher Entry in Debit Note in tally 9

2nd Method

In this we issue the debit note with return goods and pass the voucher entry of purchase return in debit note.

Steps of voucher entry in tally 9
1st Step
Yes the feature of debit and credit note
2nd Step
Create the Ledger of Purchase return under the head of purchase
3rd Step
Pass the voucher entry of purchase return in debit note voucher of tally 9

facility of migration from tally 7.2 to tally 9

If you are working in tally 7.2 and want to work on tally 9. Then tally 9 is giving you a very good and new facility of migration. It means now you can easily transfer your all data from tally 7.2 to tally 9 .This can be possible if you have valid tally 9 license. After getting license. You follow the following step for migration

1 Click my computer and click you c drive where you have install your tally 7.2 and tally9

2 Here you will see tally folder , click it

3 In this folder you will see tally migrate file , click this file

4 After this tally 9 server take all your tally 7.2 file in tally 9 .If you have not valid license, then migrate file will not work.

comparison between tally 9 and tally7.2

comparison between tally 9 and tally7.2 so that you easily work on tally 9, if you are alreading working on tally 7.2 .
I am comparing both on the basis of following points

► In tally 9 the feature button F11 now will open three sub button in tally 9. While in tally 7.2 opens only yes and no setting after clicking feature button. There will main benefit is that Accountant now easily understands what the accounting feature is, what is inventory feature and what is statutory and taxation feature.



► Now, you will get the facility to go to any feature out of three basic features which I have already mentioned in above. Accountants now easily go to accounting feature by pressing F1, inventory feature F2 and statutory F3. This feature is not available in tally 7.2

► Two new buttons added in tally 9 configurations setting one is licensing and other is Shop, which is not in tally 7.2. But proxy configuration of tally 7.2 converts in connectivity.

► Now you can see the task bar of tally 9, where is you are working .This taskbar looks below the body of tally9. This facility is not in tally 7.2


► One last important facility I have found in tally 9 that is “go back” facility now, you need not go to back by pressing esc button. You can now go to back with the help of mouse. Just easily click cross sign (X) on above right side of tally 9. This facility is not available in tally 7.2

Tax treatment in tally 9

If you are the manufacturer , then you must know complete rules and regulations of central excise duty , Custom duty and VAT , if you are manufacturing your goods in India . It is the duty of manufacturer to deposit excise duty on self assessment bases . He must file return for paying excise duty .
In tally 9 manufacturer create central excise duty ledger under duties and and taxes as shown in picture
Manufacturer also create custom duty ledger in tally 9 under duties and tax as shown in picture

depreciation entry in Tally

Entry of depreciation must be done by accountant .This is so easy but it must be select journal voucher . Calculate correct amount of depreciation because it is on fixed asset so be careful of total buy and sell of same fixed asset . If any asset buy before the end of half year , it will be charged full depreciation of year but if any fixed asset has bought after half year then depreciation will be charged on fixed asset only half of total. For this purpose any table which showing the detail of opening balance , buying ,selling and closing balance of fixed asset can be made in excel sheet .It will be helpful for passing depreciation entry . Because you are accountant you know very well what rules and regulation apply on entry passing .Same procedure of passing of entry will apply on tally 9.2

How to activate Synchronization facility in tally 9

The simple meaning of Synchronization is connection of two or more tally server with each other . Suppose your Bose is outstation , if he want to check the latest status of his company's revenue and financial position , now he can easily use synchronization facility in tally 9 . Here I am giving the steps for using synchronization facility in tally 9

Ist Step

Internet Connection of Broadband must activate

2nd Step

After this you have to set in tally.ini files at server computer as well as client computer.For server add these two lines in ini fileclientserver=serverserverport=9000
For client computer at this lineclientserver=Client

3rd Step

After this you have to set tally configuration F12 as per shown in picture.


4th Step

You can restart tally and if the settings are right then at the start of tally it would get connected with tally link server and message would be displayed in calculator pane.

5th Step

You will see Synchronize from client machine and see the change in data of tally

what do you mean by Foreign Exchange accounting facility in tally 9

Yes , it is true that tally provide the facility of foreign exchange accounting . In tally 9 , it is known as Forex accounting . It means , if any company deals more than one country , that company maintain their accounts in multi currency and after this with tally 9 , the company can calculate net profit or loss due to the changes in exchange rate .

Suppose , Rohit has sold good 1000 to xy co. USA at us $ 10 each ( Exchange rate $ 1: Rs. 47 ) at 1/12/2008 but when he when received amount at 12/12/2008 ( Exchange rate $ 1: Rs. 48 ) . It means he get Rs. 1 from each good unit of dollar and he gets earning from foreign exchange flactuation is Rs. 1000 . This type of Forex gain or loss can easily calculate with the help of tally9 .

what do you mean by Import of Data in tally 9 ?

Tally 9 software language is XML and all your file recorded in this language in tally 9 . So if you have worked in any other version of tally means you have worked in tally 7.2 now you can import it or any person's one branch is outstation if he want to import data , the he can do this work very easily , for doing this you have to just follow the following steps .

Ist Step

Make your XML file of your master data and voucher data .

2nd Step

Open tally 9 and then select the company where you have to imported

3rd step

On the gateway of selected company , click import . Here you will see master or voucher select on your choice .

4th step

write the name of your XML file .

After tally automatically import your XML file

what do you mean by calculation of interest in tally?

nirushi.blogspot.com

write  it at last

More Explanation of calculation of interest in tally 9

I want to tell more explanation of interest calculation in tally 9 . Tally 9 software uses both simple interest calculation formula and compound interest calculation formula . With tally 9 we can calculate both interest payable and interest receivable . Interest payable is calculated on amount of loan and interest receivable on the amount which is given as loan by us to other organisations .

You must need to understand that why interest parameter is included in tally 9's interest calculation's features . It is simple to understand that tally 9 requires some information from you so that tally automatically apply simple 10th class formula of calculation of interest for loan given or taken by concern .


You must also need to understand that after passing the voucher entry tally 9 will not calculate interest if you want to see at a time then you can change the period which have earlier you had fixed in ledger creation under interest parameter . After this you can see tally 9's automatically calculated interest . You can also it calculate from excel by using dollar formula .

The following organisation use this facility :-

• financing institute


• banking institute


• capital market agencies


• Money lenders


• Borrowers
• money market agencies

How to Split one Company's data into two new Companies in tally 9

How to split one company's data into two companies in tally 9 ?

Before understand this procedure you must know following question

Q :- What is split ?

Answer : Split means divide any large data into its sub part .

Q:- What is split of tally data or SPlit of Company data ?

Ans : In tally software , we can keep and maintain many years data . There is no concept of closing of accounts in tally software . But due to every businessmen want some privacy in previous year data . Of course , they are interested , data previous year data should not be showed in current year balance sheet and current year profit and loss account . For this purpose , tally 9 software has very best tool of split tally data . It means now ,you can convert 2 or more years data keep it in your two new companies .

I want to explain it with an example →

Suppose A company is created at 1-4-2007 , he continues feeding data of transactions in tally voucher upto 31-3-2009 . So tally show balance sheet and profit and loss account on two year data base but , if you want to divide your company into

A company from 1-4-2007 to 31-3-2008

A company from 1-4-2008 to 31-3-2009

, after this you see your current period data with the help of splitting , your original company also retain in tally 9 . Now you have understood what is split of tally data .

Q:- What are prerequisites before splitting a company:

Ans : There are following prerequisites before splitting a company

• You must have posted all entries pertaining to last financial year like closing balances, adjustment entries, depreciation entries etc. Else Wait!
  


• You must have adjusted all Forex Gaines/Losses. you can verify that no unadjusted forex gain/ loss is shown in balance sheet.
  


• There must be no purchase bill or sales bill pending . Go to profit & Loss statement or go to inventory statements to see any purchase bill pending or sales bill pending. The path is :
  Gateway of Tally → Display → StatemEnts of Inventory

Now I start the procedure or step for doing above into action →

Ist step

Open tally 9 and click company info. , if you have more than one company , then select that company whose data you want to split .

2nd step

After this again go to company Info. and click split

and after enter the data from when start split and then save .

Supose in above example you have to enter the split date 1-Apr-2008

and accept the form of split and after this you see in selected company there will two new company becomes automatically by tally

Solution of tally 9 problem regarding voucher entry of Sale and purchase

Yesterday , I got above message regarding tally 9 problem relating to voucher entry of sale and purchase in tally 9 software from my YouTube community , so , I think this is good question of Ashraf and its answer must be shared with my other communities . So that all new comers who want to feed their sale purchase entries in tally 9 they can learn this from beginning .

when you create a new company in tally 9 , after creating new company select this company by going to company info and then in the place of gateway of tally 9 you will see account info , click it and then go to ledger and then create the following ledger

• Sale account under the head of sale
• Purchase account under the head of Purchase
• Bank account under the head of bank
• Sale return account under the head of credit note
• Purchase return account under the head of Debit note

these are basic ledger which , you have to create before purchase and sale voucher entries.

Now come back to gate way of tally by click escape button

After this Click Inventory Info.

In inventory info you must create first unit of measurement ,it may kg , litre , meter , tonnes etc.

After this come back by esc and the create stock items in which you deal suppose in above example you can create stock item product1234

After this , you can pass the voucher entry . There are two way of passing voucher entry one is bill by bill wise and other is simple form .

In bill by bill mode , you do not understand about more journal entries . But you have write yes bill wise option in feature F11 if you want to choose first .

Just one the gate way of tally , you will see accounting vouchers , click it and then right side you will see different vouchers . Now , if you want to pass the voucher entry relating to purchase . Then decide , it is credit or cash or bank purchase , if , it is credit purchase , then click purchase in right side and after this in the account , you can create ledger of your creditor by passing short cut key of Alt+C and you will see new pop up box and create you new creditor account by mentioning his name and keep it under sundry creditors and accept it , after this you will see his account in the purchase voucher and the write the quantity and rate of purchased goods and then accept the voucher . If you want to purchase cash or through bank , then create bank account ledger first but there is no need of cash account because it is automatically created by tally 9 . But you have to pass the voucher entry in receipt voucher or if you have already made voucher type then you can select cash purchase in purchase voucher and pass the voucher entry.

Same procedure will apply for passing the voucher of sale transactions . If it is credit sale you have to make debtor account by giving the name of debtor and under the head of your debtor and then pass the voucher entry in sale voucher , if it is cash sale then it will be passed in receipt voucher . For passing the voucher entry of purchase return and sale return see here .

Now , Operate tally 9 in hindi or tamil?

Yes, it is true that Indian is not back in accounting. Now all topics of accounting have been written in Hindi language. Now Tally 9 is for Hindi Known peoples. Because we can operate tally 9 not only Hindi but also we can operate tally other 11 regional languages of India. So businessmen who do not know English, but know simple rules of accounting can easily operate tally 9. Here, I am giving you the method of operating tally in Hindi or any other languages like Gujarati, Bengali, Kannada, Malayalam, Marathi, Punjabi, Tamil and Telugu etc.



1. First of all choose Hindi option when you Tally 9 software install


2. After that, you can run Tally 9 in Hindi. After that all of our Reports in Tally will be in Hindi means Profit and loss and balance sheet also will be in Hindi. In India, many universities and Institute starts education of accounting in Hindi language.

How to treate of advance from customers in tally 9 ?

I try to tell the procedure of accounting treatment of advance from customers in tally 9 with solution of following query . I think this is the best procedure of treatment of advance from customers in tally 9
Question : We used to take advances from Customers for certain products which we don't have stock,when we got enough quantity of requisitions we order those.After receiving the stock we call Customers and they pay full amount and take there items.What will be the Entry and which Head these goes to?

Answer by Me

When you get advance , it is just like loan received by you before giving goods to your customers .

For this pass the journal entry

Bank or Cash Account Debit Rs .5000 ( For example )

Creditor account ( Give the name of person from whom you get advance money ) Credit Rs 5000

Because , you get cash and creditor is giver so creditor account must be credit .

If you are working on tally 9 then there is no need creating cash ledger because it is automatically created by tally 9
But you need to create Bank account , if you have gotten cheque . for this

Account Info and after this ledger and after this create bank account under bank account
and accept it
after this you can create creditor ledger ( for every person from whom you get money in advance ) under the head of Sundry Creditor or Loan and liabilities .and after this accept each creditor ledger .

You can same create it in Accounting Voucher by pressing short cut command Alt+ C

after this we you will give the goods to your customer , you have to open receipt voucher and then pass the voucher entry

Cash or bank Account Debit 1000 ( balance of sale value )
Creditor account Debit 5000 ( Tally automatically adjust this from your creditor accounts advance with sale value price )

Sale account credit 6000



I think , above tutorial will useful for accounting treatment of advance from customers in tally 9