TALLY TRAINING - IDESLABS

Overview of Tally Training:

Tally ERP 9 Features:

• Tally Enterprise Resource Planning is a user-friendly accounting software and it’s providing Multi-lingual.
• Tally ERP 9 Training can maintain books of account either with or without Inventory.
• Tally Training can work to multiple company accounts and ERP 9 get offline and online support for accounts.
• The Tally ERP supports windows OS like NT, ME, 2000, XP, 95, 98, Ultimate 7, Windows 8 installed in any version.

Automatically Reconcile bank statements with Tally Training:

Cash is the lifeblood of every business, therefore, bank reconciliation is one of the most important and critical jobs of a business organization. Bank reconciliation explains the difference between the bank balance shown in an organization’s bank and the corresponding amount shown in the organization’s accounting records on a particular date.

Tally Training is necessary that company bank balance and book balance should match but there might be a difference between these two. The reasons for the difference may be

• Cheque issued but not presented for payment
• Cheque deposited but not cleared
• Charges debited by bank
• Interest credited by the bank
• The error made either by the company or bank

Bank Reconciliation Process in Tally Training:

Bank reconciliation is carried out manually by comparing the bank passbook or the bank statement. It statement issued by the bank of entries made in the system or tally. The manual process is time-consuming and drawn to errors.

New Age Banking with Tally:

New banking advancement in technology especially the internet. And information technology has led to the new way of business in banking.  Now, most of the banks have the provision to generate electronic bank statements. Bank statement soft copy is instead of traditional paper statements. Tally Training is each statement and offers more value convenience and security with benefits such as anytime anywhere access.

Use of e-Statements for a Tally User:

In Tally ERP 9 electronic bank statements can be used for auto bank reconciliation. Auto bank reconciliation is an easy faster and error-free process to reconcile bank transactions. Idestrainings is offering Tally online and corporate training along with related courses like Tally ERP 9 tutorial, Tally ERP 9 training, advance Tally ERP 9, accounting software at flexible hours.

Auto Bank Reconciliation in Tally ERP 9 Training:

Auto bank reconciliation is a three-step process. There are

• Configure the bank ledger
• Set the location of bank statement files
• Auto bank reconciliation

 Configure the bank ledger with Tally:

Its Configure the bank ledger from the gateway of tally navigate to accounts info menu. Bank list of ledgers selects the bank ledger for which auto bank reconciliation has to be activated. In the ledger, alteration screen tap down to set or alter bank configuration option.

In the banking, configuration screen selects the appropriate bank in which you hold a bank account for example if you have a bank account in HDFC bank. Finally, the bank for which auto bank reconciliation is supported is displayed in the list of banks. To enable auto reconciliation capability set for activating auto reconciliation option.

Setting the location of bank statement files on Tally Training:

To reconcile bank transactions automatically have to download a copy of the statement from the bank portal and import it tally ERP 9 Training. For easy access and maintenance of bank statements can use common location to download the bank statement files. That common location of bank statement file can be specified in Bank configurations.

In Tally Online Training, to set the location of bank statement files in the gateway. Bank statement of tally use F12 configuration button select banking configuration and press enter. so, in a location of bank statement files field enter the file location details and save for auto bank reconciliation navigate from the gateway. Tally Online Training to banking menu select bank reconciliation option and press enter in the list of banks. To select the bank for auto bank reconciliation. In bank reconciliation report 3 new buttons bank statement we council unlinked and delete unlinked.

So, its provided these buttons will be enabled only if banks are enabled for auto-reconciliation while creating all altering the bank ledger. To import a statement click the bank statement butter in directory field location of bank files defined in banking configuration. It will be displayed if it is set otherwise press backspace and enter the location details currently. Finally, tally training supports importing bank statement in excel.

Auto bank reconciliation and Tally Training:

There are two types of bank recompilation. One is manual bank reconciliation and another one is auto bank reconciliation. To auto, bank reconciliation uses an F5 key. You have to select display option then select accounts book and next select respective bank account and press F5. 

Creating a company in Tally Training:

In this selection of state is very important because as per the selection your statutory forms will be loaded. Select account count of inventory because you want to maintain accounts as well as do invoicing in this company which has been K which is being created. So now if you will configure certain things you will press f11 then check inventory features allowing washing yes enter Patel invoice mode. So, then enter Patil invoice mode yes then you will go to F3 statutory details.

You will select enable VAT yes and set an alter bad details in this field. You will be selecting the dealer as per your requirement and enter a pin number. The SAP gives advanced functionalities of an ERP package. SAP FICO offers numerous products of some related to accounts. Our real-time senior most top trainers are always available for Tally ERP 9 Online training, corporate training also remote access with latest updates.

Creation of Ledgers in Tally Training:

In Tally Training, now you will create certain ledgers. If you want to create a sales account. You should create sales account under Sales account VAT applicable yes and will select the class as applicable. our law selects sales 5% account again where applicable yes and sales 5% you have to select as per your requirement. Now you will make some pretty accounts also.

You have to create some duties in taxes ledger also one will be output VAT 13.5% comes under duties and taxes VAT output. VAT and output factoring point five percent that is generally not rounded off. Tally Training is the same thing repeating for Input VAT here and input VAT at five percent. If you want to alter the ledger, see the ledger which has been created. Look here, we have created output VAT 13.5% instead of how to read 13%.

Tally Training alter this ledger again to the relevant modification and save the same thing. Now that VAT 13.5 percent ledgers will be 13 percent ledger as we want. To see this you have to enter display and next accounts and next ledger. In ledger, you have to type 13 percent and enter. Then you can get 13 percent ledger. For inventory, you have to go to Infinite inventory info and you want to create some items, items with tax rates 13.5 percent.

Here I select F12 and select specified default ledger account for invoicing then enter yes. We provide best real-time online and corporate training for many courses by top most trainers. We also provide best Tally online training with classroom training at client premises as well as job support from our smart expert trainers.

Accounting Vouchers in Tally Training:

Tally Accounting Vouchers Purchase Invoice:

To prepare Purchase Invoice you have to use an F9 key. Here first you make a purchase invoice, you put enter supplier name if you do not create supplier ledger earlier. Now you can create supplier invoice directly by using copy option. To make it, you should enter alt +C and create supplier ledger using TAX vat rate, TIN number, Category, address, and state and required information as applicable.

Now you have to enter the nature of an item, Quantity rate per quantity and then in amount column Tally software itself calculate the amount. To arrive that amount it multi the quantity column with the rate per quantity.

And repeat the same until your items completed and then apply the applicable tax rates and calculate the duty by the software itself. Tally Training can be taken as printout by entering Alt+P. 

Sales Invoice with Tally Account:

To create Sales Invoice you have to use an F8 key. Now you can create sales invoice you put enter the Customer name, if you do not create Customer ledger earlier, now you can create Sales invoice directly by using copy option. To make it, you should enter alt +C and create Customer ledger using TAX vat rate, TIN number, Category, address, and state and required information as applicable.

Now you have to enter the nature of an item, Quantity rate per quantity and then in amount column Tally software itself calculate the amount. To arrive that amount it multi the quantity column with the rate per quantity. And repeat the same until your items completed and then apply the applicable tax rates and calculate the duty by the software itself. It can be taken as printout by entering Alt+P.

Payment Voucher in Tally Account Voucher:

To prepare Payment voucher you have to use an F5 key. In F5 you can find cash payment, bank payment. For Cash payments, you have to use Cash payment option and for Cheque or DD payment you have to use Bank payment. For example, if you have to pay the purchase invoice amount, you have to select a respected supplier ledger. If the supplier outstanding amount rupees one lakh fifty-five thousand one hundred twenty-five rupees.

You want to pay the whole amount to select the total amount or partial amount enter that partial amount out of total outstanding. Here you want to pay whole amount select whole amount and mention narration for clear information and enter yes to save the Voucher. Tally Training is your payment through Bank cheque you can mention cheque number, cheque date etc required information.

Receipt Voucher in Tally Account Voucher:

Payment voucher you have to use an F6 key. In F6 you can find cash Receipt, Bank Receipt. For Cash Receipt you have to use Cash Receipt option and for Cheque or DD Receipt, you have to use Bank Receipt. For example, if you have received the Sales invoice amount, you have to select respected Customer ledger if the Customer outstanding amount rupees Two Lakhs fifty-two thousand one hundred ninety-five rupees.

So, if you have received the whole amount select the total amount or partial amount enter that partial amount out of total outstanding. Tally Training is you have received the whole amount select whole amount and mention narration for clear information and enter Yes to save the Voucher. If your receipt through Bank cheque you can mention cheque number, cheque date etc required information.

Journal Voucher with Tally Account Voucher:

To prepare Journal voucher you have to use the F7 key. This voucher is used for journal entries like booking of rent, salaries etc expenses. For example, if you want to book rent expenses for the month of July, on month ending say July 31st enter journal voucher. To prepare this voucher you have to debit rent account and credit respective building or landowner account. It means debit Rent account and credit owner account.

Cash & Bank transaction voucher with Tally Training:

By preparing cash and bank transactions you have to use F4 Key. This entry is also called by Contra voucher. This contra is used for the deposit of cash in bank and withdrawal of cash from the bank. For example, if you have to deposit the number of Rupees one lakh twenty-four thousand two hundred seventy rupees in the bank. Then you have to debit the bank ledger and credit the cash ledger with respective amount.

The Conclusion of Tally Training:

Idestrainings offers Tally online training for students studying accounts as well as for professionals doing a job in financial management and accounting job, etc. In case you are wondering how to learn Tally, tally online course by Idestrainings is the right solution for enhancing their credential. 

Tally tutorial for this professional institute is based on the latest industry financial accounting trend, etc. Idestrainings have provided professional experts Trainers to guide you on Tally training at your flexible times. By learning this Tally training you will get 1.8 to 2.5 lakhs per annum packaged salary job. And also provide classroom training at client premises Noida Bangalore, Gurgaon, Hyderabad, Mumbai, Delhi, Pune.  Enroll best Tally Training for contact us Idestraings