TALLY 7.2 NOTES HOW TO
Following up next, will explain how to access some of the elements of accounting and (R)eports. Tally.ERP9 broadly allows the users to record all types of (I)nventory transactions using (G)oods (R)eceipt notes, (D)elivery notes, (S)tock journals, manufacturing journals and physical stock journals.īelow are some of the features briefly with respect to manufacturers, distributors and wholesalers or traders.
TALLY 7.2 NOTES SOFTWARE
This software has (I)nventory capabilities in built and is developed to cater to manufacturers, distributors and wholesalers or traders. Let’s take for example a company that deals in some kind of a product (goods) and is a user of Tally.ERP9 of all its accounting transactions. Scenario 2: If the option “Integrate accounts with (I)nventory” is set at “No” in F11: the inventory values are ignored, and the (C)losing (S)tock balances have to be maintained manually. Scenario 1: If the option “Integrate accounts with inventory” is set at “Yes” in F11: (A)ccounting Features or Inventory Features, the stock or inventory balance figures will automatically be updated from the inventory records. Now, there are 2 scenarios that need to be done based on the options. With the Inventory function being enabled in Tally.ERP9, the user possesses the option to choose closing stock balance from inventory records or from the (S)tock(L)edger account. On enabling the option “Integrate Accounts with Inventory” in F11: Features (F1: Accounting Features), the final output will reflect on the Balance Sheet and P/L Account of the concerned organization. Integrate accounts with inventory in F11: Features ERP9 is also one of the versions of Tally Solutions like all other versions released earlier like Tally 6.3, Tally 7, Tally 7.2 Simplified with VAT, TDS & Service Tax Accounting, Tally 9, etc. Tally9 – The world’s first and most powerful concurrent Multi-lingual integrated Business Accounting Software and also very flexible, the only reason that empowers business owners to manage their business smoothly.