Kayaka Computer Education (P) Ltd.

TALLY.ERP 9
ACCOUNTING TO ERP
Entrepreneur Resource Planning
 What is Tally?
 Tally means to Compare.
 In Business compare income with expenses or assets with
liability.
 ERP Entrepreneur Resource Planning
Resources Available in the Tally ERP 9
Money Management
Material Management
Man Power Management
 Tally is one of the Leading Accounting Software which gives complete
business Solutions.
 Tally Users

Single Users- Tally software resides only on single

computer.

Multi Users -Software will get shared by more than

one computer using Network connection.
 History of Tally
S.S Goenka –In 1986 Started Peutronics ( P )ltd with the
aim to use the computer for maintaining Accounts.
Mr. Bharat Goenka – In 1988 Developed commercial
software which led to Peutronics
Pvt. Ltd., becoming Tally Solutions.
He is the Founder of Tally Software

Tally Solutions Ltd is Bangalore based Software Company.

More than 88 countries are using the Tally Software.

Mainly used for Vouchers, Financial Statements & Taxation in

 Versions of Tally
TALLY 4.5
 DOS mode:-
 DOS stands for Disk Operating System which is a
command User Interface
 Need to write the command for each Process.
 Proper execution was impossible for wrong command.
 Slow process.

 Accounts Only: We were able to maintain only Accounts

 Versions of Tally
TALLY EES 5.4
 Windows Mode:
Graphical user interface
 Each thing will be represented in Icon/Picture format.
No need to type the command or remember the command.
Easy to Understand and Process

 Accounts with Inventory: We were able to maintain Accounts &

Inventory.
 Versions of Tally
TALLY EES 6.3

 ODBC :
Open Data Base Connectivity
Linking of tally software with other database packages is
possible.

 Email: All the reports can be sent/Receive through the

internet.

 Advanced inventory options were introduced

 Versions of Tally
TALLY IES 7.2
 IES : Integrated Enterprise Solutions

 Introduced their own website by name

www.tallysolutions.com

 Updated with following Taxation

VAT : Value Added Tax
 CST : Central Sales Tax
 TDS : Tax Deducted At Source
 ST : Service Tax
 Versions of Tally
TALLY IES 8.1

 Multilanguage :
Some Regional Language introduced:

 Updated with following Taxation:

FBT : Fringe Benefits Tax
VCD : Vat Composite Dealers
ED : Excise Dealers
 Versions of Tally
TALLY IES 9.0
 Multilanguage :
Some More Regional Language introduced
Updated with Taxation:
TCS: Tax Collected at Source
Updated With Following Features :
POS: Point of Sale
JOB: Job Costing
Payroll: Pay slip of an Employee.
 Versions of Tally
TALLY ERP9
 International Language :
Introduced Certain International Language.
 Updated With Following Features:
Remote Access
Control Center
Support Center
Security Control
 Updated with Taxation:
Excise Duty for Manufacturers.
 Definition of Accounts
Accounts is an Art of “Recording”, “Classifying”, and
“Summarizing” the transaction in a systematic manner.

• Transaction is an event which changes the Financial Position of

organization
• Recording: Entering the transaction in the books of
original entry.
• Classifying : transferring the transaction into
appropriate heads.
• Summarizing : Preparing the financial statement like
Profit/loss A/c, Balance Sheet, Ratio analysis etc.
 Methods of Accounting
 There are 2 methods of Accounting

Single Entry System :-Only cash

transaction recorded.
Double Entry System :-Both cash & credit
transaction are recorded.
 Classification of Accounts
There are 3 types of Classifications

Personal Accounts:-Personal Accounts are the

Accounts of Persons with whom a business
carries on.

Example:-
1 Natural persons:- Mr. Darshan, Raj etc.,
2 Artificial persons:- Companies & Organizations.
Real Accounts:-Real Accounts are the accounts of
Properties , or the things owned by the business.

Example:- land , building, plant & machinery.

Nominal Accounts:-Nominal Accounts are the

accounts of incomes & gains , Expense and Loss.

Example :- sales, purchase, paid, received etc.,

 Golden rules of Accounts

Personal Accounts –Debit the Receiver

Credit the Giver

Ex: Sham paid Rs 15000/- to Ram

Dr. Ram A/c
Cr. Sham A/c
 Golden Rules of Accounts

Real Account– Debit what comes in

Credit what goes out

Ex: Purchased Computer worth RS 20000/- by cash

Dr. Computer A/c
Cr. Cash A/c
Golden Rules of Accounts

Nominal Account: Debit All exp/losses

Credit All incomes/gains

Ex: Salary paid Rs.5000/- by cheque

Dr. Salary expenses A/c
Cr. Bank A/c
 Important Accounting Terminologies

STOCK:-Unsold goods lying in a business at any given

period is called as stock.

OPENING STOCK:-Unsold goods lying in a business at the

starting of the any given period is called opening stock.

CLOSING STOCK:-Unsold goods lying in a business at the

end of the any given period is called closing stock.
DRAWINGS:-Drawings refers to cash or goods
withdrawn by the proprietor for his personal use from
the business.

DEBTOR:-A Debtor is a person who owes money to the

business.

CREDITOR:-A Creditor is a person to whom business

owes money.
REVENUE:- Revenue refers to the earning of a
business.

EXPENSE:-An expense refers to the expenditure in

return for which some benefit is received.

LOSS:-Loss refers to money or money’s worth given

up without any benefit in return.
JOURNAL:-It is a book of first entry.

LEDGER:-It is a book in which various accounts are

opened.

VOUCHER:-A voucher is a supporting document

for an financial transactions.
 Business Organizations
SERVICE ORGANISATION

An organization which is involved in the process

of rendering the services to the customer is called
Service Organization.

Ex: Educational Institute, School, Bank , Post office , Charitable

Trust.
 Trading Organization

An Organization which is involved in process of

buying and selling of goods are called Trading
Organization.

Ex: Provisional Stores, Departmental Stores, Mall,

Computer Peripheral shops, Stationary shops etc.
 Manufacturing Organization

An organization which involves in the

manufacture of products or conversion of raw
materials into finished goods.

Ex: TATA, SUZUKI , MARUTHI ETC.

HAPPY LEARNING

THANK YOU