Unit 5

ACCOUNTING
SOFTWARE
TALLY
INTRODUCTION

Accounting:-

Accounting is a set of involving

identifying , measuring , recording,
classifying ,summarizing , analyzing,
interpreting & communicating the
result of business activities and financial
position of the concern.
Classification of accounts

Classification of accounts

Personal Accounts Impersonal acconts

Natural Representat Nominal

Real
person Artificial ive accounts accounts
nel personnel personnel
accoun accont account
ts
Tangible
real Intangible real
accounts accounts
Computerized accounting

 Today ,with increasingly developing technology, computers are

playing an important role in accounting process in financial,
management and cost accounting . Computerized accounting
can ensure very high degree of accuracy of accounting &
financial information.
advantages

A. Simplicity
B. Speed
C.Power
D.Flexibility
E. Real time
F. Online Help
Dis advantages of computerized
accounting
i. Customizing the accounting packages is not easy.
ii. More expensive.
iii. Constant pressure for updating hardware & software system.
iv. Security of data sometimes becomes risky.
v. Lacks of deficient employers.
Tally software introduction

 Tally is a business accounting software. It is one of the

well known as well as highly acceptable accounting
software.
 Tally Erp 9 is the latest software including extra features
like taxation structure integrated features.
 This feature makes Tally software simpler to manage
many issues, which will arise due to the complexities of
taxation in day to day activities.
 Tally software ensures data reliability, data security,
direct internet access and ability to synchronized data
across multiple offices.
Features of tally software

 Accounting features.
 Integrated Enterprises features.
 Inventory features
 Performance & implementation
features.
A) Accounting Features

i. Accounting v. Unified ledgers.

without CODES. vi. Receivables &
ii. Comprehensive payable.
Accounting vii. Budgeting,
iii. Complete book- Auditing & Security
keeping Control
iv. Multi-currency
Accounting
Inventory features

i. Multi-location stock
control
ii. Comprehensive
recording of stock
movement.
iii. Variety of
management reports.
Integrated enterprise features

i. Synchronization  Exchange the

ii. E mail the data using XML.
reports.  ODBC
iii. Publish reports connectivity.
through web.
Performance and implementation
features
i. Rapid implementation V Unlimited companies &
periods of accounting.
ii. Real time processing
Vi Un belivable period end
iii. Blazing speed’. handling
iv. Work on platforms & Vii Dynamic interactive reports
periods of accounting & unique drill facility
Advantages or benefits of tally
software
 Simplicity
 Speed
 Power
 Flexibility
 No codes
 Real time
 Expanding business
 Amazing accuracy
System/hardware requirements for tally
software
System/hardware requirements for tally
software

1. Processor
2. Memory
3. Free hard disk space
4. Monitor resolution
5. Operating system
Different versions of tally

 Tally 4.5
 Tally 5.4
 Tally 6.3
 Tally 7.2
 Tally 8.1
 Tally 9
 Tally ERP 9
Working with tally Erp 9
Start > program > Tally
ERP 9
Double click on
Tally ERP 9 icon
OR
Right click on Tally
icon and press open.
Gateway of tally start-up screen

 Task bar
 Title area / product info
 Gateway of tally / main area (ctrl+M)
 Hot keys
 Button bar
 Calculator area (ctrl+N)
PPT PART
 Creation of company
 Creation of a ledger accounts
 Creation of a voucher
Types:-
1. F4=contra voucher (cash to cash, cash to bank,
bank to bank & bank to cash)
2. F5=payment voucher (cash payment, bank
payment, cash purchase)
3. F6=receipt voucher (Capital investments, cash
receipts, bank receipts & cash sales only)
4. F7=journal voucher (Credit purchase of fixed
assets, Provisional entries, Adjustment entries,
Year end transaction, non- Cash transaction)
F8= sales voucher (Credit Sales)
F9= Purchase voucher (Credit
purchase)
Ctrl+F8 = Credit Note(Sales
Returns)
Ctrl+F9= Debit Note (Purchase
Returns)
Creation of a sundry debtor &
sundry creditor.
DISPLAY OF VOUCHER

 F4 _ WHITE COLOUR
 F5 _ YELLOW COLOUR
 F6 _ GREEN COLOUR
 F7 _ BLUE COLOUR
 F8 _ GREEN COLOUR
 F9 _ YELLOW COLOUR