TDS Accounts System Overview of Tally Accounting Software Tax Deducted at Source (TDS) is a pre-tax deduction made at source (before payment) by the payer from the payment made to the payee. It is a mechanism of collecting tax by using a deduction mechanism rather than through payments made by the taxpayer. It is deducted…
Category: Tally
GST Accounts System Overview in Tally Accounting Software
GST Accounts System Overview in Tally Accounting Software GST Details set up for Company in Tally Accounting Software : Organisation may be registered under two GST schemes. Accordingly they wuld set up GST details in the Company Tally maintains effective date of change & trail of GST details change. The rules of maintenance of GST…
Materials Accounts System Overview of Tally Accounting Software
Materials Accounts System Overview of Tally Accounting Software Materials Accounting System in Tally Accounting Software : Materials Accounting system (also referred as Inventory System) involves entry of transactions and related value affecting Financial Accounts System also. So, Inventory System covers materials transactions for activities like Materials Purchase and sales, Materials receipts and deliveries, movement of…
Financial Accounts System Overview of Tally Accounting System
Financial Accounts System Overview Multiple Company of same Name in Tally Accounting System: Multiple Companies of same Name may be created in Tally. If Data are kept in same data Directory, the Company numbers would be different. Two Compnaies with same name cannot be selected simultaneously. Opening Balance Figures in Master Record in Tally Accounting…
Planning-Computerised-Accounting-System
Planning for moving to Computerised Accounting System First time implementation of Computerised Accounting System requires thorough pre-planning of all data to be entered into the Computer System to start. Computerised Accounting implementation in New organisation Where a new born organisation starts Computerised accounting from the very first year, there is no previous year data. So,…
Payroll System Set up in Tally
Payroll System Set up in Tally Payroll System Activation in Tally To maintain Payroll System, first you should activate Payroll Features for the respective Company. You may maintain Payroll for any type of Company (Accounts Only Company or Accounts with Inventory). At Gateway of Tally , Click F11: Features >Accounting Features to get Accounting Features …
Tally Prime Accounting System – Core Module
Tally Prime Accounting System – Core Module In this post, we discuss about core functions of Tally Accounting System, divided in following sections: Tally Software System Set Up: The initial tasks involve: Software Installation, License Management, Remote Users, Loading Tally & Tally Configuration, User Interface : On installation of Tally, the Gateway of Tally, the…
