Saturday, 24 January 2015

Introduction Tally 9

In these days computerized accounting has become a necessity for every business. Computerized accounting is a best way to maintain the accounts in easy and accurate mode. With the help of computerized accounting, you can easily maintain all accounting books like cash book, bank book, and sale registered, purchased registered etc.
Tally is one of the most simple and complete business solutions available in the world. Anybody who has a basic knowledge of accounts can use Tally. It is easy to learn, configure and use Tally. Tally is not only a computerized accounting package but it is Accounts on computers.

Advance Features:-
Ø  Simple Accounting
Ø  Basic Financial Management   
Ø  Advanced Inventory Management
Ø  Technology Advantages
Ø  Multilingual
Ø  Vat/Service Tax/ E-TDS/Dealer Excise/FBT
Manual vs. Computerized Accounting

Manual Accounting:-
In manual you first create ledgers, carry forward previous year’s closing balance as opening balance for the current year. Next year, when you create a new books, again you create all the ledgers and enter opening balance. In manual you are required to pass journal entries to transfer closing balance of all nominal account to prepare profit and loss account. Whenever you need to know balance of any ledger, you are required total amount in both debit and credit columns of the ledger and compute the difference to derive the closing balance for the ledger as on that date.
Computerized Accounting:-
When you opt for computerized accounting first time, you have to create all the ledgers and enter opening balance and classify at this stage. Therefore, you enter all transactions through voucher entry. That’s all you have to do and everything else (like posting to ledger, preparation of trial balance, final accounts etc.) is done by the Tally itself.

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