Project Of

Submitted To: Submitted By:

MRS. Kanika Jindal Name: Aaina Bhalla

Roll No: 5760

Pupin No. 14311000393

Class: BBA IIIrd Year

Acknowledgement

I take this opportunity to express my profound

gratitude and deep regards to my guide Ms Puninder

for her exemplary guidance, monitoring and constant

encouragement throughout the course of this project.

The blessing, help and guidance given by her time to

time shall carry me a long way in the journey of life on

which I am about to embark. I am obliged to staff

members of D.A.V. College for the valuable information

provided by them in their respective fields. I am

grateful for their cooperation during the period of my

project.

INTRODUCTION Tally is versatile and massive software package. It is used

by various types of trade and industry. Tally Software

business was set up in 1986 by late S.S. Goenka, who

was the founder of the company Peutronics Private

Limited., Bangalore. He mentors his son Bharat Goenkar

in creating software that would handle the financial

accounts for his business. Bharat Goenkar spends a lot of

months to develop path breaking technology. Tally is user

friendly software used to solve all the complicated

accounting structure. Bharat Goenkar is the original

architect and programmer of the Tally Accounting systems

and also developer of the “No-Code” concepts of accounting entities. Tally is a globally recognized name

with 2 million users in over 90 countries experiencing the

“Power of Simplicity”.

GENERAL FEATURES (1) The new option directory have been introduced to specify

Data Directory in the Company Creation Screen.

(2) To keep data for one company in one drive/ directory

(3) Tally lock storage device is used to share the information

quickly

(4) Tally vault is used to keep the data in encrypted format

instead of Normal form

(5) All the profitability reports, invoice wise reports, item wise

reports , godown wise reports are summarized easily

(6) Display all vouchers for a grouping method

(7) Income and expenditure statement also available to view

Profit and loss account

(8) Using the Tally Defined Language, we customize the user

friendly environment to the organization.

(9) Tally is availability on windows 95, 98, XP, 2000, NT and

Linux. This software is run on single personal computer, LAN

and WAN. If on a Network supports access via any

combination of platforms.

ADVANTAGES OF TALLY

Tally is a financial statement accounting software.

The advantages are:

1. It eliminates the use of hardcopy legers, cash book.

2. It gives access to any account directly by opening the file.

3. Entries can be deleted, edited or new entries made without

redoing the complete account.

4. Immediate up to date account such as daily, monthly,

quarterly statements.

5. Additional Tax calculations can be updated eg: VAT, Sales

Tax etc.

6. It runs very fast on low configured system also.

7.It is very simple and easy to use computer software.

8.It also makes navigation easy to use.

USES OF TALLY

Tally 9 provides good accounting environment. Import,

export, print, email, web publishing direct from tally 9

software is the one of major reason of its popularity.

We can do comparison of its extra large facility regarding its

VAT calculation, automatic interest calculation and fringe

benefit tax calculation. In tally 9 we can easily record of sale

trade, partnership firm, MNC, business of commission agents,

share market and money market business records and other

service and professional sector records.Now, some Govt.

Sector's large institution is also adapting tally 9 accounting

software.

According to AK Nandani who is 20 years experience in the

field of accounting and system analyzing says that tally 9

provides the scientific system to businessman through its

invoice, order of purchase bill wise entry and recording of

forex accounting. Association of Indian Chartered Accountant

India also happy by use this software because they can audit

the accounts on tally 9 very easily. In company creation audit

feature can easily include. Bank reconciliation in tally 9 is very

good for auditing point of view. Tally 9 is single Software

which provides the facility of bank reconciliation. The double

security system of tally 9 is very good from security of data

point of view and preventing Anonymous access point of view.

Tally 9 is becoming torch - bearer for all businessmen who

were facing difficulty to record all their branches transactions

tally 9's simple cost center feature solve all problems

regarding record of transaction more than one job , machine ,

process , department , branches and sub branches. Speed

can be increase in tally 9 up to 30 to 40% from simple

voucher entry passing through following way.

1. Multiple ledger creation.

2. Effective use of short cut commands of tally 9.

3. Effective utilization of configuration button.

WORKING OF TALLY

After the installation of Tally software there are three areas

for working i.e; menu master, button. There are several

shortcuts for enabling working of tally:

F1: Select Company, this enbles you to select another

company and add it to the list of selected companies.

F2: Change date after completing the entries or reports of a

particular date.

F3: Create company.

F4:Select the contra voucher.

F5: To create the payment voucher.

F6: To create the receive voucher.

F7: To create the journal voucher.

F8: To create the sales voucher.

Ctrl + F8:To select a credit note voucher.

Alt + F9:To create purchase voucher.

Ctrl + F9:To select debit note voucher.

Alt + F10:To create the reverse journal voucher.

Ctrl + F10: To create the memorandum voucher.

F11: To create the special function.

F12: To create configure.

Alt + F1:To see the detail report or to clase the company.

Alt + F2:To view the filters screen where the range or

information can be specified

Alt + F3:To see the company info menu and change the

system period.

TALLY SCREEN CLASSIFICATION

The Gateway of Tally screen can be divided into 4 parts as

marked in the below figure.

PRODUCT INFORMATION

Product info displays information about Software Version &

Release, Developer Company, System Day and Date, Product

brand Name, Single or multi user indicator, Software serial

number, and System time. Every time a new release of Tally

is made, it is identified with a different release name. Tally

would rewrite data created in earlier release to make it

compatible

with the current release of software.

WORK AREA

The work area at Gateway is broadly separated into two

sections. The right hand side contains the menu, where you

would select your instructions to Tally and left hand side

displays List of Selected Companies, Current Period and

Current Date you are working with tally screen. In current

date option have not the calendar date but the date you

worked last during the current period. In list of selected

companies displayed the name of all selected or loaded

companies with last date voucher entry information. Suppose

you select more than one company, the active company is

shown at top of list in bold letters and others appear next in

normal font.

BUTTON BAR

Button Bar consisting of numerous buttons appears at right of

the screen. Buttons provide quick access to different options,

which varies from screen to screen. Active buttons are shown

in solid colour and inactive buttons are showed in grayed

colour.

Invoking Buttons You will find many buttons name starts with Function key

(e.g., F1:Select Company) which means you have to press

the function Key (appears at topmost row of keyboard). Some

buttons have a character to key single or double underline

which means you have to press the character/Function key in

conjunction with Alt or Ctrl key respectively. You can of

course launch by clicking it.

CALCULATOR

Working with Tally, at any moment you can either work at

Work Area (where menu, reports and entry screens etc

appear) or with Calculator. By default work Area becomes

active (Teal colour band appears at top of this section) and

Calculator remains inactive. Press Ctrl+N to activate

Calculator (colour and would move to top of calculator). You

can enter values and operators e.g.,+.-,*, on pressing Enter,

computed results would be displayed in next line. To return to

Work Area, press Ctrl+m.

SWITCHING BETWEEN SCREEN AREAS

When Tally first loads, the Gateway of Tally area is available.

To toggle between this and the Calculator/ODBC Server area

at the bottom of the screen, press [Ctrl] + [N] or [Ctrl] + [M]

as indicated on the screen. The active area of the screen is

highlighted by a green bar. At any numeric fields, you can

activate Calculator by pressing Alt+C. upon entering value &

operators, on pressing Enter, calculated result would be

pasted to the numeric field. You can return to Work area by

pressing Ctrl+M. The Calculator follows BDMAS rule where

execution sequence is Bracket, Division, Multiplication,

Addition, and Subtraction.

MOUSE & KEYBOARD INTERACTION

While working in Tally, please use the following conventions:

BUTTONS BAR HOTKEY COMBINATION

HELP BUTTON <ALT> + <H>

This button launches Tally reference manual. This manual is

compiled HTML Help File method. Contents would be

displayed to select the topic you wish to view. To launches

Tally help window by double click the tallyref.chm file at the

program folder where Tally has been installed. On clicking

these keys, contents would be displayed and you can select

any topic for reference. This screen has two portions. While

the left hand side consists of Tabs like Contents, Index,