How to change current period in Gateway of Tally

Posted on by Tally Academy

The Current Financial Year is 1-4-2010 to 31-03-2011, and in the Gateway of Tally it displays the Current Period as shown:
Now if you want to create a voucher on 1-4-2011, the error message Date above current period (31-Mar-11) is displayed.

Now if you want to create a voucher on 1-4-2011, the error message Date above current period (31- Mar-11) is displayed.

Change the Current Period in the Gateway of Tally by pressing Alt + F2 Change Period 01-04-2011 to31-03-2012, and then record the vouchers for the new financial year.

It will change the Current Period information and you will be able to save vouchers for the financial year
2011-12.

Balances of the previous financial period will be carried forward without passing any closing transactions.

Tally stands tall

Posted on by Tally Academy

The software application category has been introduced in the Channel Champions Survey for the first time. Tally emerged as the most preferred channel vendor due to its channel coverage and connect. Microsoft ranked number two on the back of its push in the market for its ERP and CRM offerings. Though SAP was seen as aggressive in the market it has limited market coverage.

Tally

With its enviable position in the accounting software space and the increased focus on its small business ERP offering, Tally emerged as the vendor with the largest channel connect. Despite its large partner ecosystem, Tally was ranked high on channel policies and management. It offers the best margins in the business, conducts regular training programs for channels, and shares a strong relationship with the channel at the local level. Another impressive aspect is that despite such a large partner ecosystem there are no MOP issues with Tally.

Technology Training

Posted on by Tally Academy

Tally delivers comprehensive hands-on, instructor led TDL training programs across the year, at several centres in India.

These are, typically, a week long, full day programs. Please contact our regional offices for more information on the availability of seats. The next training schedule will be announced soon.

For TDL Training Calendar click here

For program details – Basic TDL click here

For program details – Enhancements in TDL click here

Available new stat 137 from 18th March, 2011

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Value Added Tax

Uttar Pradesh

  • The Annual Return – Form XXVI is provided.
    Note: The Annexures 1 to 19 will be provided in forthcoming Stat.900 releases.
  • An editable report – Form-26 Declaration is provided to enter the details of declaration forms received from Commercial Taxes Department. In this report, the forms details like opening balance, forms received, used, lost / destroyed, surrendered, amount covered and the closing balance can be specified. The details entered in this report will be captured in page 2 – section 7 of Form XXVI.

Release details of Stat900 version 137 (PDF file)

Download Stat 137

Receipts and Payments Reports in Tally ERP 9 Rel 3

Posted on by Tally Academy

For non-profit organisations and NGOs that typically rely on information related to income and expenses, the Receipts and Payments report in Tally.ERP 9 proves ideal. This summary of cash flow for a period includes Cash at Bank & Bank OD. It begins with the opening cash-in-hand at the commencement and ends with the closing cash-in-hand, so non-trading institutions can track their funds and monitor disbursement.

Unlike a cash flow report that does not consider the opening balance of cash, the receipts and payments report includes the cash opening balance.

Benefits :

  • Useful for non-trading institutions/non-profit organisations
  • Shows exact cash and bank position for a particular period
  • Improves management of cash
  • Helps control expenditure
  • Provides a single view of receipts and payments for cash payments

How to do in Tally ERP 9 Rel 3 :

  • Gateway of Tally > Display > Receipts and Payments

For download the pps file click here (more in details)

Banking in Tally ERP 9 Rel 3

Posted on by Tally Academy

Just what every business needs, the Bank allocation feature brings everyday bank- related chores right to your fingertips and eases transactions and processing.

Highlights of Banking include:

  • Multiple instrument and Mode of Transaction details in single voucher
  • Instrument-wise reconciliation
  • Cash balance
  • Opening BRS
  • Cheque printing configuration with Preview
  • Multiple cheque printing/capture
  • Payment advice printing
  • Deposit slips printing

Benefits :

  • Saves time
  • Reduces errors
  • Simplifies banking
  • Improves productivity
  • Improves traceability

For download the pdf file click here (more in details)

Cash Flow Projection Statement

Posted on by Tally Academy

With Cash Flow statement at work, the owners and managers of the business find it easier to take decisions on Bank loans, negotiate credit limits, plan for capital investments and much more. Using Cash Flow statements is one simple method of ensuring the financial health of the business.

Highlights of the Cash Flow statement include:

  • Ageing of payments
  • Ageing of receipts
  • Cash balance
  • Committed payments
  • Day-wise cash position
  • Exception reports
  • Interest calculation on over-dues

Benefits :

  • Predicting cash flow
  • Financial planning/forecasting
  • Financial health of business
  • Show cash position to Financial Institutions
  • Capital investment requirements/judgement
  • Setting credit limits for parties
  • Bank loans
  • Optimising cost of finance

How to do in Tally ERP 9 Rel 3 :

  • Gateway of Tally > Display > Cash/Funds Flow > Cash Flow Projection

For download the pps file click here (more in details)

Multiple Addresses For Company and Ledger Masters

Posted on by Tally Academy

With the powerful facility in Tally.ERP 9, users can generate as many Labels as required, and do so as per their business’ nomenclature. This facility allows them to choose Labels like ‘Godown’ or ‘Warehouse’ or ‘Branch (South)’ apart from Head Office, Corporate Office etc., with corresponding details for each. Then, the user simply selects the appropriate Label from the list and the full address gets inserted in the Invoice. Multiple Addresses facility is extremely useful when Companies have multiple offices.

How to do in Tally ERP 9 Rel 3 :

  • Enable Multi-Address
  • Use Multi-Address in Ledgers
  • Print Multi-Address in Reports

For download the pps file click here (more in details)

Available new stat 136 from 10th March, 2011

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Value Added Tax

Rajasthan

Adhering to the Notification, the following new VAT/Tax Classifications are introduced for 15% and 40% VAT rate effective from March 09, 2011:

  • Purchases @ 15%
  • Purchase from URDs – Taxable Goods @ 15%
  • Purchases – Capital Goods @ 15%
  • Purchases @ 15% (Lease)
  • Interstate Purchases @ 15%
  • Purchase @ 40% Special Rate etc

Release details of Stat900 version 136 (PDF file)

Download Stat 136

Income Tax for Salaries

Posted on by Tally Academy

Income Tax is Personal Again

Tally.ERP.9 brings businesses a complete Personal Income Tax calculation. This simple to configure and run programme handles Tax calculation on the basis of Payroll/ Expenses Voucher entered and declarations made by the employee.

This exciting feature makes it possible to generate the income tax computation sheet and IT Returns and mail it to employees, In addition, it will provide quarterly and yearly returns. With the Income Tax feature, calculating tax and submitting returns are made easy for both the organisation as well as the employee.

Highlights of the Income Tax feature include:

  • Simple to configure
  • Predefined Rules set by Income Tax Dept. will be updated as and  when rules are changed
  • Offers a manual override
  • Hides complexity
  • IT Returns come filled
  • Provides Forms 16, 16AA, 12BA plus quarterly 24Q and yearly 24 in hard copy plus ‘e’ formats

Benefits:

  • Accuracy
  • Speed
  • Reduced paperwork
  • Reduced manual entries hence less errors and better productivity
  • All returns handled from computation to returns