Tally

TALLY . ERP9 FEATURES Advantages of T anyy. ERP 9 Powerful remote capabilities that boost collaboration wakeful to find qualified personnel Easy to customize Low make up of ownership via quick implementation, T alone(a)y Integrator, Support Centre Functions & Features grudgeing all told your account requirements argon payed and more(prenominal). Accounting, besides k nown as book writeing, is the arranging and classifying of pecuniary legal proceeding into the books of accounts and associated registers.Let us construction at the some of the invite for for which subscriber linees fight back books of accounts To fulfill legal requirements eternalises as per standards and practices To pay taxes to several(a) bodies statutory needfully Keep the line of merchandise running have intercourse receivables & payable, cash, bank Keep a watch on the pulse of the organization key performance indicators respond to queries to locate the upright transaction immediat elyWe contract been perfecting this simple recording accounting from everyplace twenty divisions. All this to pay better, faster and more flexible ship canal to fulfill your inevitably, non just have got books of accounts. A few examples entrust illustrate With the adit of a voucher (this is what we call all accounting proceeding) all books of accounts, all announces, all totals & sub-totals atomic human body 18 up heard instantly.There is nonhing more that needs to be d wholeary whether you ar inserting a forgotten entry, or correcting one Taxation requirements of all the states of India argon procurable, in the prescribed formats Supporting tasks the like reminder earn, delayed interest, ageing, bank reconciliation One single splashboard to look at all important business ratios Drill topic down from any report, sluice the Balance Sheet, right to any voucher or filter and search Data entry in the language of the users prime(prenominal) and report in any separate language (from the languages supported) Mark vouchers that argon draft as optional and convert these to final- with one button click pecuniary lie withment & Controls Tally. ERP 9 jazzs with rich features & financial reports that give you the undeniable prudence and control of your business. A few of these are listed below Funds head for the hills & Cash Flow reports help you ocate bottlenecks edge reconciliation keeps your bank books in sync, and divulge unclear instruments Customer Credit Limits to limit risk of default and large sackes Bud binds keep tabs on projected expenses a lay downst actuals Mark vouchers post participationd these for demoralise reflect into the books of accounts only on/after that date For needs where reports bewilder to consider a transaction that has not happened (say salaries for this month that get paid the next month) vouchers (called reversing journals) atomic number 50 be marked to disappear for reports po st a proper(postnominal) date Scenario management helps you with your business forecasting and planning. You shadower use optional, reversing journals and enumeration vouchers, to aid in recording provisional entries that are useful for impermanent reports Multiple inventory valuation. You fucking decide one valuation rule for the business, and be able generate financial reports utilize any other valuation method as the statutory method may not be book for your needs, your bankers and for other decisions Cash balances mickle go prejudicial you can get warned if this is about to happen, or see reports and make the necessary corrections Several business exceptions are available (negative line of reasonings, negative ledgers) for you to ferment control oer these activities A one-screen business ratios with drill down right up to the proceedings help you to correct course frequently percentage point wise & document wise profit expertness statements to control rev enue making water and inappropriate pricing Internal audits are supported with audit controls real users can mark vouchers as audited and can get to see reports on removes made post audit, and the name of the person making the change archive Accounting & Management If you deal in goods, of any type, youll appreciate the enumeration capabilities in Tally. ERP 9.You can comprehensively record all types of inventory transactions, using goods reception notes, delivery notes, stock journals, manufacturing journals and physical stock journals. All stock movements are fully recorded and maintained in stock registers. demonstrable for all manufacturers, distributors, wholesalers or traders a small list of features are in brief described below Manufacturers top of materials and Manufacturing Journals, to record material conversions Compound prick of materials support, for units that contain assemblies Multiple locations (go downs) Excise for manufacturers, including all docum entation and invoice appeal for jobsDistributors Wholesalers Multiple price lists, with effective dates of applicability Use septuple units of posting (say KGs & grams) Dual units of poster (say KGs and bags, to support variations as happens in commodities) Traders High rush along billing, with support for POS printers Bar code support Automatic application of taxes help billing service tax Integrated gross revenue return in bills Print bills (and any other document) in the nodes language Common You can choose to de-link the computed inventory value to unbiddenally appear in your financial statements and register this figure manually. railway line ageing reports, to identify slow and non-moving stocks poster profitability reports to keep a pulse on sales Multi- gold transactions buy and sell across the world with integrated forex gain/loss calculations Physical stock take records to adjust physical vs. actual stocks keep open batch expiry dilate bribes Payables from Order to Payment Tally.Read also Recording General Fund Operating Budget and Operating TransactionsERP 9 delivers the entire bargain for cycle whether the need is the complete purchase pose goods receipt rejections & returns advances, debits & payments or a single payment entry, fulfilling all needs. To watch that you have the right stocks and minimize carrying costs, Tally. ERP 9 delivers the assumeing to improve purchase orders Define Re-order levels as a definite number or establish on expending Define minimum bar to order as a definite number or stem turnd on consumption Pull up a report that shows the stock position, including complete details of open purchase orders, sales orders that need to be fulfilled chip on past purchase history, and then place orders Optionally propagate delivery dates in the POWhen receiving goods Make entries in accordance with supporting documentation, including errors your providers could have made (say of mult iplication & round dispatch) Incorporate additional costs automatically manage input taxes Flexibility allows receipt of goods, quantities and rates diametric from that enjoin since this is common in real life Record samples & free items (using different actual & charge quantities) Multiple pass on for one order or one receipt for septuple orders, or against verbal orders In case at that place is a need to add other costs (say coolie and cartage) these additional charges can be apportioned to the cost of goods purchased. Supplied goods may not match your needs and these are managed by the Rejections Out inventory voucher. Supplier ascribables, input taxes and inventory positions are updated.Suppliers often indicate likely profits, which may not be met. In case such assurances are made, you can look at particular proposition profitability reports, and get the facts right. You could then negotiate a rebate and record this as a debit note. Keep tabs of how much is due to whom, when. Manage advances, payable s & postdated checks. Ensure there are no errors in payments print checks from Tally. ERP 9. sales & receivables from Order to Receipt The lifeline of a business, efficiencies in sales operations, twain of goods & services, directly impact growth and profitability. The need to perfect and keep a remainder watch here requires exceptional capabilities from your business IT system and Tally.ERP 9 meets these demands. The sales process is supported with the following documents Quotations records of quotes Sales orders accepted customer orders Deliver Notes documents that ac caller-out goods Sales Invoices/Cash Bill to record the sale Credit Notes for financial adjustments Rejections in for goods returns Receipts for advances and receipts Do you have cash sales (sales across the counter)? With support for stay of Sale printers, bar codes and receipts in multiple tenders, you POS enable your business at no additional cost. Product sales may go on with added services and the integrated product & service billing entrust close this.Enforce credit limits, where necessary. Along with the Payment Performance of Debtors report you can identify persistent problems and take necessary business decisions. Interest for delays & reminder letters aid in collection. For businesses engaged in Excisable goods, you get full support for Excise for Traders & Manufacturing Excise matter of fact a business could be both Make multiple deliveries from one order, or one from multiple orders this common need is available across all documents of the sales process. Do you have multiple classes of customers? You can substantially setup multiple prices (even in advance and specify the date from which they are effective).Discounts against the line, or for the document, additional charges as a percentage or lump sum, automatic round off of bill totals, automatic computation of VAT & work tax, returns & exchanges are all available. Need to verify that you are making the desired sales margins? position wise and bill wise profitability reports willing help you keep tabs. Multi- companionship A set of account books represents a company in Tally. ERP 9. Therefore, if you decide to maintain your personal accounts you would create a company. Many businesses do have more than one legal entity and so will require multi-company support. Since distributively company is a distinct data base, scoreing technical support for this is not difficult.However, with multiple companies, several needs often arise beyond the genuine facility to record transactions that need to be addressed,. Principally, you would like to look at consolidated reports since these are often more meaningful to you than statutory reports of each company individually. You can therefore group companies and have the describe ability as if this were a company. You could also group these on demand or as required. So Partner A, could group companies in which he is a companion (say Companies P, Q R) and Partner B could have a group with Companies Q, R Y. With multiple companies, you would probably need to canvass them to see relative figures. In Tally.ERP 9, plot of ground seeing a report for Company P, you could pull up another(prenominal) column alongside that shows figures from Company Q (and any more companies). You can now continue to drill down the report and continue to see these comparisons. secretiveness often with multiple companies, the need arises to create the comparable ledgers post transactions to more than one company. This can be accomplished with the click of a few keys you save immense clock time by not having to get in data and avoid data entry errors. In special circumstances, where there are needs like a Purchase Order entry becoming a Sales Order in another company, our Service Partners will be able to work with you, understand specific requirements and build a solution around the Data Synchroniza tion capability.Security With multiple companies, perchance including personal accounts, you may need to control who gets advance to which companies, and to do what. You can set up users, grant or deny access and these are defined for each company. Remote Access You choose to specify which company is accessible remotely. You choose which remote users have access you decide what access a remote user gets. Central substance abuser Management Users come and go. You might also have a password policy requiring users to change passwords every few weeks. You can take advantage of the ease of interchange user and password management that Tally. NET identities carry and even remotely manage these while not in office. Multi-Period A financial twelvemonth is very suited to business reporting and statutory needs.In reality, business spans across financial years, so real needs get constrained by these financial periods. As an example, receivables (Sundry Debtors) is an area that is frequent ly plagued by confusion the need to send reminders, resend statements of accounts and persistent follow up may require that you need to look at figures from date x to date y and one or more financial periods can be between these both dates. With Tally. ERP 9, you can specify any date hold and perform any operation that you need to. Comparison of Periods, say Q2 this year vs. Q2 last year, often required for shareholder and statutory reporting are easily accomplished. You may also need to break up periods into smaller chunks, instead of the year.While looking at the reports, you can instantly view them unordered into periods of your choice (daily, monthly, quarterly etc). For studying trends, locating unusual figures, or canvas activities for different periods, this is invaluable. Take the case of ciphers. Say for a five year long project and for various ledgers you need to have a figure set up for five years, another for each year, another two that are 2 ? years you can se tup such budgets, and compare budget vs. actual for any In effect you can whirr out as well as zoom in to any period of your choice. some(prenominal) changes made or a transaction inserted anytime, are instantly carried previous no matter how far back these are made (from a security standpoint, you might need to restrict data entry or hanges to transactions prior to a specific date this is available via the User security control features). Multi-Cost/Profit Centers As a business transacting in multiple currencies, you will appreciate the effortless usability of Tally. ERP in this area. Say, you make purchases from a supplier, and transact in a currency different (say $) from that of your base currency (say INR). Youd like to keep track of the dollars due, as well as the $ amounts due for each bill. This way you get to know your foreign currency requirements as well as cross check the accounts in $. At the same time you would want to see outstanding and other financial reports i n INR.Since this figure depends on the exchange rate as on the date of the report, generating these are time consuming. With Tally. ERP 9 all reports are generated automatically all that is needed is that the forex rates be available for reference. Foreign exchange gain & loss entries are posted automatically (as a notional entry), whenever any report is taken. The day you decide to make these entries regular (say end of the financial year) you can post the required accounting Journal (with software assistance). Importers and exporters maintain bank, customer & other accounts in foreign currencies (like the example of the supplier) you can maintain these in any currency required.As a branch or subsidiary of a foreign entity, or for reporting, you may need to generate reports in a currency other than the base, at some exchange rate. This capability is available across all reports. You may need to compare companies having different base currencies reposition one company to use the currency of the other, or switch them both to a third Basically, every amount field in a Tally. ERP 9 voucher is multi-currency enabled. This allows you to conduct business in ways that manual systems permit and most IT systems fail to provide. It is possible for a supplier to, say, send a quote for items in INR, some in US$ and some in . Multi-units Most businesses will use several units of measure, even if the belief that just one ( compositions) is use.Take purchases you could order in the units you are booming with, and you fill goods in a different unit for e. g. , order in Pcs, receive in KGs. Similarly you could record sales in the units that your customer is comfortable with. The flexibility of this compound unit of measures is to ensure that Tally. ERP 9 does not get in the way of your way of working. Like in the case of multi-currency, every quantity field is inherently multi-unit ready. Some commodities, say cotton, have peculiar problems the unit of stock used for this commodity is collects, yet trade is in Kgs. With changes in weather, cotton looses or gains weight due to changes in moisture content.If you used Kgs for your records, you would loose the ability to manage stock count and stock take of bales if you used bales, you would have a mismatch in the actual quantity transacted. This problem is compounded in real life since each bale carries a different weight of cotton. With Tally. ERP 9 you can manage all these, with the support for multiple units of measure. Now, you can record both units in transactions Kgs and bales at the same time. Stock valuation will be make in Kgs inventory count can be managed in bales You receive some supplies the Invoice shows 5 Pcs. and the actual count shows 6 Pcs. Were you to enter your receipt as 6 Pcs. there will be a mismatch with the voucher and physical document which will result in an audit objection. Entering as 5 Pcs. would mean that one piece is not recorded Tally. ERP 9 supports actual and billed quantities thus delinking the inventory count from the financial impact of the transaction. With this you can also receive and deliver free samples and manage the many variations that occur now and then. Therefore compound units, alternate units and billed/actual quantities should deliver the capabilities needed for most, if not all, of your requirements. Multi-Location Inventory Even the simplest of organizations will have inventory in more than one physical location.As organizations get bigger, inventory will require active management with more warehouses (go downs, as we call it in India), racks shelves and stocks at project locations. Take the case of multiple sales outlets, each with one go down. Each purchases items at different prices and sells them over time. You need to take a call on the value of stocks at each of these outlets as if they were independent units and not apply the company average. With Tally. ERP 9, each outlet will act as an independent unit from a costing perspective. Sales from each outlet will reflect the appropriate cost, and not the company average (which can skew profitability of both outlets).Seen at the company level, the cost behavior ignores these go downs making reports and financial analysis appropriate at that level. Go downs can contain go downs to allow management to the bin level. For various jobs (projects) and sub-jobs, the use of go downs and cost centers in Tally. ERP 9 give a high level of reporting and analysis on inventory and financial aspects of jobs. Multi-Budgets Scenarios Budgets are a measure of the results expected for the planned activities for a company. Whether you formally plan budgets or not, you will be working against several budgets Revenue, Production, Expense, Financial, Investment and so on. Once these budgets are recorded, you would periodically want to check up how your business measures up against this plan.And one time you get a handle on the variance, you would probably ta ke decisions on course corrections record possible outcomes of these changes (as scenarios) and compare against the budgets once again. This is a powerful planning mechanism that provides the flexibility to work in a changing /dynamic environment. With Tally. ERP 9, you can set up any number of budgets and to make this easy, budgets can roll up into group budgets and these can roll up again into master budgets the people who come up with the budgets can make entries and the roll-up is automatic (and can be overridden at the rolled up level as well). While viewing any report, you can choose to pull up the budgeted figures as well, along with a variance column. You could just as easily pull up budget figures alone and make these available to various people.A scenario is the name given to a specific combination of vouchers that will be included to deliver a report you can include and extinguish different voucher types and build as many scenarios as needed say one where a product launch is on time and another where it is delayed by three months. You could then view actual figures against a scenario. You could also see the variance between a scenario and the budget Budgets and Scenarios are powerful tools when used by themselves used together they deliver unprecedented power to help plan monitor your business. TALLY describe ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Modifying Reports (Options) Balance Sheet Profit Loss Account Stock sum-up Trial Balance Day Book Cash Book slight Cash Book Bank Book Journal Register volume Purchase Register Sales Register script-wise Outstanding Reports Interest Receivable Interest Payable Cost Category thickset Statistics Stock Transfers Stock Valuation Methods BOM Cost Estimate Daily Balance of Cash/Bank Book Stock Query Negative Stock Item motility Analysis Stock Ageing Analysis Multi-Column Cash Book Purchase Register-Extract Sales Register-Extract Cash Flow Summary Funds Flow Summary Budgets Overdue Receivable Overdue Payable Age-wise Receivable Negative Ledger Debit Note Register Credit Note Register proctor Letter Confirmation Letter ? Comparative Profit and Loss Account ? Vertical Balance Sheet with Working Capital ? Comparative quarterly Balance Sheet ? Income Expenditure Statement