What You Will Learn!
- Setting Up company File
- Setting up financial year or accounting year
- Creating chart of account
- Entering sundry debtors(customers)
- Entering Sundry creditors( suppliers)
- Raising sale order
- Raising purchase order
- Receive payment
- pay bills
- Generating profit and loss account
- Generating balance shhet
Description
The first step in tally is to launch the tally software
Click the Education mode for learning.
Setting Up company File
1. Name of the company.
2. Address of the company that p.o box.
3. Select the country of origin where you are based.
4. Click enter or accept to move to next step.
Setting up financial year or accounting year
1. Select the accounting period of your records so as to help you in reconciliation and post balance sheet items
Creating chart of account
1. First create ledger account
2. Specify if it is assets, liabilities, expenses, incomes and Equity or capital.
Entering sundry debtors(customers)
1. You used ledger again to create customers in your file
2. Specify under to be sundry debtor
Entering Sundry creditors( suppliers)
1. You used ledger again to create suppliers in your file
2. Specify under to be sundry creditor
Raising sale order
1. To record sale transaction.
2. Create sale account under ledger .
3. Specify the account as sale account under.
Raising purchase order
1. To record purchase transaction.
2. Create purchase account under ledger .
3. Specify the account as purchase account under.
Receive payment
You need to have cash account and bank account
pay bills
Altering tally features to accept passing of journal entries
Setting up accounting features to accept discount on purchases and sales
Generating trial balance
Generating profit and loss account
Extracting balance sheets
Who Should Attend!
- Beginner accountant, bookkeeper, business manager, and accounting students
