Banking

Whatever the business, it is invariably linked

with its Bank or Banks on a day-to-day basis.
Often, transactions could run into thousands per
month for even a small business. Business
managers get a real boost from this new
functionality built into Tally.ERP 9 Release 3.0.
In fact, it's so powerful and all-encompassing
that Banking is assigned its own New Section
within the product.

Just what every business needs, the Bank
allocation feature brings everyday bank- related
chores right to your fingertips and eases
transactions and processing.

Highlights:

Multiple instrument and Mode of Transaction details in single voucher
The new Banking feature allows you to record and monitor multiple transactions in a single
voucher. Also, while the old system only captured the dates of transactions, this feature allows
the monitoring of transactions by Amount, Date, Instrument Number or modes (like NEFT,
Cheque, DD, etc.), thereby conveying a more complete picture. The ability to identify payment
modes in the system and separate dates for each instrument eases bank reconciliation.

Instrument-wise reconciliation
Reconciliation can be done for each instrument rather than the entire voucher. The instrument
details (number, date, etc.) are displayed for easier reconciliation.

In case of unseen transactions such as Bank charges, interest paid etc., these can be captured
in a new voucher without discarding the BRS (Bank Reconciliation Statement) in progress.
Further, existing vouchers can be altered in case of any discrepancy found during reconciliation.

Opening BRS
The new Banking feature allows the manual recording or automatic carrying forward of the un-
reconciled bank transactions from the current year to the subsequent year (as Opening BRS).
These can then be reconciled in the subsequent year.

Cheque printing configuration with Preview
Enhanced cheque printing configuration with print preview to reduce wastage. Further it has
been simplified to copy measurements from previous configurations.

Multiple cheque printing/capture
A separate "Cheque Printing" report (in the Banking section) has been introduced to enable
multiple cheque printing with ease. Also, know if a cheque has been printed or not by a simple
Yes or No against each cheque.

Also, since it is sometimes not possible to know which Amount/Favouring Name is going to be
printed on which cheque leaf, cheque details can also be recorded after printing.

Payment advice printing
A system-generated payment advice (covering letter for payments) can be printed for a single
or multiple vouchers.

Deposit slips printing
Deposit slips can be printed for a single or multiple cheques, further simplifying Banking
transactions.

Benefits:

Saves time
Reduces errors
Simplifies banking
Improves productivity
Improves traceability


Income Tax is Personal Again
Tally.ERP.9 brings businesses a complete Personal Income Tax calculation. This simple to
configure and run programme handles Tax calculation on the basis of Payroll/ Expenses
Voucher entered and declarations made by the employee.

This exciting feature makes it possible to generate the income
tax computation sheet and IT Returns and mail it to
employees, In addition, it will provide quarterly and yearly
returns. With the Income Tax feature, calculating tax and
submitting returns are made easy for both the organisation as
well as the employee.
Highlights of the Income Tax feature include:

Simple to configure
Predefined Rules set by Income Tax Dept. will be updated
as and when rules are changed
Offers a manual override
Hides complexity
IT Returns come filled
Provides Forms 16, 16AA, 12BA plus quarterly 24Q and
yearly 24 in hard copy plus e formats

Benefits:

Accuracy
Speed
Reduced paperwork
Reduced manual entries hence less errors and better productivity
All returns handled from computation to returns


Image Printing

Brand Your Reports And Documents With Your
Company's Unique Identity
Print logos on your business invoices and reports with the Image Printing facility in Tally.ERP 9
Series A Release 3.0. Print images stored in BMP or JPEG formats. It is completely simple and
can add finesse to any outgoing documents.


Benefits:

Easy identification
Different logos for different companies
Professional look
Saves printing costs


Bill Settlement from Outstanding (Payable) Report

Uncomplicating Bill Settlement - A Click Away
If finding outstanding was difficult enough, then making payments exactly when they came
due, balancing payments between vendors and one's balance in the Bank without jeopardising
cash flow complicated matters. In Tally.ERP 9, Bill Settlement from Outstandings report
simplifies things. It lets you select multiple pending bills for a party from the Ledger
outstanding report, and close the bills with a single click.

Once the voucher is accepted, the nett
outstanding amount gets prefilled in the
payment or receipt voucher.

Benefits:

Settle multiple bills directly from
outstanding reports
Save time and reduce errors
Make quick decisions on payments



Take Control Of Orders -
Alter/Edit Purchase Orders On The Fly
The problem of variation in ordered quantity is
common enough. There are chances of deliveries
being less than the quantity ordered due to
various reasons. Sometimes, a changing business
situation could cause the purchase manager to
want to stop delivery of further items after
receiving part of the order. Pre closure of Orders
has been provided in Tally.ERP 9 to close pending
orders for perfect MIS reports.

With this feature, pending orders that could exist
in the system from time to time, and order
cancellation, are no longer issues. With Pre
Closure of Orders there's no need to make
additional entries to close orders and no necessity
of amending existing orders.


1.
For example, if a sales order is made for 100 items and the sales invoice is raised against it
with agreed staggered delivery. The first batch of 50 items is delivered, followed by a second of
25. At this stage the buyer decides that he needs only 75 of these items instead of the original
quantity of 100. Previously, the seller could not close this deal and the sales order would
always be listed under 'Pending Sales Orders'. Pre Closure of Orders allows this particular sales
order to be manually closed from the list of 'Pending Sales Orders' or from the Voucher, while
showing the actual delivery and sale.

Advantages of Pre Closure of Orders include:
Accurate Pending Order summaries
Improved system performance as it does not have to calculate outstandings every time it is
started up
Closure of orders possible either from the Voucher or from Reports
No Order adjustments
Easier management of material
Reduced labour and unnecessary handling
Prevents losses from dead stock
Easy to use
Flexible


Hassle Free - Receipts and Payments Reports

For non-profit organisations and NGOs that
typically rely on information related to income
and expenses, the Receipts and Payments report
in Tally.ERP 9 proves ideal. This summary of cash
flow for a period includes Cash at Bank & Bank
OD. It begins with the opening cash-in-hand at
the commencement and ends with the closing
cash-in-hand, so non-trading institutions can
track their funds and monitor disbursement.

Unlike a cash flow report that does not consider
the opening balance of cash, the receipts and
payments report includes the cash opening
balance.

Benefits:
Useful for non-trading institutions/non-profit organisations
Shows exact cash and bank position for a particular period
Improves management of cash
Helps control expenditure
Provides a single view of receipts and payments for cash payments


Job Work In/Out

Job Work In/Out
The Job Work feature supports operations for the business
that outsources a 'job' as well as businesses such as
ancillary units that accept such orders. The functionality
helps solve issues related to inventory tracking and profit
assessment, for seamless operations. What raw materials
need to be shipped to the job worker? How many finished
goods are expected and when? How much raw material is
lying in the job worker's factory? How to manage multiple
job workers...

Item Cost Tracking

Item Cost Tracking refers to accumulation of costs and revenue for a particular quantity of a
Stock Item across various transactions. The track can be created with any transaction and then
referred subsequently in any transaction without needing the disciple of any master or
configuration. Thus allowing to analyze the running cost and profitability of the item being
tracked through manufacturing, sales, purchase and so on. The Item Cost and Profit Tracking
feature helps you effectively track and ascertain the Procurement cost, Landing costs,
Manufacturing or Production cost, Order cost/profit, Job cost/profit. This feature is also useful in
determining Sale price of finished goods based on the costs incurred till date and the overall
profitability.

In addition, Job Work in Tally.ERP 9 allows:

1. Multiple order tracking
2. MI (Material In) matched against Work Orders and not Item Masters
3. Value tracking including advance payments
4. Item tracking and Accounting legs of each transaction
5. Billing of own material utilised for Job Order undertaken
6. Tracking of billable item status (material utilised for a Job Order and their billing status)
7. Position of finished goods hence realiseable money value

Tally.ERP 9 Job Work feature allows Inventory tracking against Bill of Materials and allows
transaction Bill of Materials instead of changing it at Item Masters level. It adjusts for external
godown conditions when items sit in a job worker's factory, providing insights to the stocks
held by the business at a particular time. Similarly, material received from the principal to the
job worker can be classified in an Internal Job Work Godown which will not be available for
trading therefore giving clear distinction of self-owned goods and the ones supplied by client. In
a situation where advance payments have been made, the Work Order-wise reports provide a
profit/loss dimension showing how much expense is booked. Inventory movement as well as
profits can be ascertained on these transactions by allocating expenses such as travel of
executives, shipping, insurance, salary and other overheads related to the Work Order.

Benefits:

Real time insight into materials movement and tracking
Accurate job costing
Suitable for different complexities... small job worker to larger operations
Supports accounting allocation (expenses/income)
Improved productivity and profitability
Auto fill of raw materials for execution
Good for just in time inventory
Enhanced logistics management and efficiencies


Take Control of Your Cash - The Tally Way

Imagine running a business and not being sure
how much cash is owed and when one needs
to make payments. Imagine never being able
to predict what one's cash situation is going to
be like 3 months ahead, or even 6 months
down the road. The Cash Flow Projection
statement in Tally.ERP 9 will end all the
uncertainty with day-to-day cash position and
long term forecasting!! This powerful tool helps
businesses manage cash flow and understand
the future impact of transactions, thereby
controlling the health and ultimate success of
the business.

With Cash Flow statement at work, the owners and managers of the business find it easier to
take decisions on Bank loans, negotiate credit limits, plan for capital investments and much
more. Using Cash Flow statements is one simple method of ensuring the financial health of the
business.
Highlights of the Cash Flow statement include:

Ageing of payments
Ageing of receipts
Cash balance
Committed payments
Day-wise cash position
Exception reports
Interest calculation on over-dues
Benefits:

Predicting cash flow
Financial planning/forecasting
Financial health of business
Show cash position to Financial Institutions
Capital investment requirements/judgement
Setting credit limits for parties
Bank loans
Optimising cost of finance

Now, The Flexibility You Always Wanted

For any type of transaction-whether a sale or a purchase clerks often had difficulty managing
the documentation. If the sale took place from Head Office, communications were often
required to be directed to another office, while shipping happened from a third location such as
a warehouse. Since these steps called for different addresses to be entered in the Invoice and
other documents EACH TIME, it complicated matters for staff and delayed the process. Further,
Statutory filing purposes often called for a different address.

Unlimited Labels make life Easier!

With the powerful facility in Tally.ERP 9, users can generate as many Labels as required, and do
so as per their business' nomenclature. This facility allows them to choose Labels like 'Godown'
or 'Warehouse' or 'Branch (South)' apart from Head Office, Corporate Office etc., with
corresponding details for each. Then, the user simply selects the appropriate Label from the list
and the full address gets inserted in the Invoice. Multiple Addresses facility is extremely useful
when Companies have multiple offices.


Benefits of the Multiple Address facility:

Enhances flexibility
Reduces errors since selection is made from a list
Increases comfort and ease of use
Convenient


8/15/2011 12:08 PM


8/28/2014 6:05 PM