Data is more important and crucial for everyone. There are several ways to protect your data from unwanted people. Its upto you, from whom you want to protect your data or hide your data.  The technique which we can use in Tally is either

Security Control : (protect from people within our Company)

Tally Vault Password : (protect from outside people eg. Income tax, Sales Tax person)

You can set credit limit for Sundry Debtors and Sundry Creditors in Tally.ERP 9.

When outstanding amount exceeds the credit limit, Tally.ERP 9 will not allow any invoice beyond that limit unless modified.

Example :

You can set credit limit of Rs. 40,000/- for the customer’s ledger and raise one invoice amounting to Rs. 2o,000/-, subsequently you can also try to raise another invoice amounting Rs. 25,000/-

To enable credit limit, set Maintain Budget and Control to Yes in F11 > Accounting Features

To set credit limit for customer :

Go to Gateway of Tally > Accounts Info > Ledgers > Ledger > Set the credit limit

After the first invoice is raised for Rs. 20,000/-, try to raise the second invoice for Rs. 25,000/-. Here, Tally.ERP 9 will restrict from saving the voucher

Upcoming Feature :

Master synchronisation in Tally.ERP 9 lets businesses set common Master behavior at the Head Office or any central location. When Masters are altered, the change is reflected at the other end without duplicating or creating a new Master-streamlining the process across locations and avoiding Chart of Accounts complication.

Benefits:

•  Improved speed and better performance
•  No duplication one Co A across HO and all locations
•  More accurate reports
•  Simple to manage
•  Simple accounting no need to spend time eliminating extra vouchers
•  Better command over reports

To install Tally.ERP 9, the user needs to have administrator rights (Create, Write, Update, Modify and Delete permissions). Multilingual users must ensure that the operating system supports multiple languages. The Hardware requirements and Operating system required for a Client-Server and a standalone computer are as described below:

* Tally.ERP 9 will work on lower configurations too; however Tally do not recommend the same.

We can print any vouchers in Tally immediately after saving it.

To do this, we must set the option “Print after saving voucher” in the Voucher Type to “Yes”.

Normally to copy data from excel or word we use “Ctrl+C” and for Paste we use “Ctrl+V”.

In Tally the difference is we are coping and pasting entire field in Tally.

For Copying Data from tally use “CTRL + ALT + C” ,  for Pasting data in Tally use “CTRL + ALT + V”

We can create our own primary groups in Tally.ERP 9?

We can create own Primary (Main) Group under Assets, Liabilities, Income and Expenses.

To create Main Group, go to Gateway of Tally > Accounts Info > Groups > Create

The newly created Group in the Report appears as shown.

How to  provide the opening balance for Input Tax Credit in a new Company?

Yes, it is possible to provide the Opening Balance for Input Tax Credit in a newly created company by giving the amount in the Opening Balance field followed by Dr for the Input VAT Ledger grouped under Duties & Taxes and Type of Duty/Tax as VAT. The opening balance will be displayed in the VAT Computation and the respective Forms. Selection of Vat/Tax class is optional.

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