Hi All, Any body using Tally software? Plz giv me ur views regarding the software ( accounting, inventory and payroll)
From India, Bangalore
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1From India, Bangalore
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Hi, this is Prasant from B.lor. Mostly, I use SAP for accounting. Once, I had worked with a logistics company where I used Tally. We had one activity - Petty cash management. When we draw money from the bank, we prepare a voucher against the cash drawn and pass an entry in Tally:
Petty cash a/c .........dr To Bank a/c....Credit
Then, the fund starts to show in the Petty cash account where we pass all expenses entries against that fund. For example, Stationery Purchased:
Stationery a/c...............dr, To, Petty cash a/c
Note: You have to pass the entry as per the available fund in Petty cash. If there is a shortage of 10 rupees in your petty cash fund and you paid it from your pocket considering that when the fund comes, you will take that money. However, you cannot pass that entry in Tally as it will show a negative balance which you will be answerable for before the Auditor. So, take care of these issues.
Some provision entries need to be made at month-end. For instance, the Electricity bill comes on the 5th of every month, but you have to show that expense in the current month. Therefore, you need to make a provision entry, and when you receive the bill, then you reverse that entry and pass the correct entry.
You might need to pass an employee reimbursement entry, e.g., Employee A submits a Mobile bill of 1000 Rs. For that, you need to pass an entry:
Telephone Exp a/c.............Dr, To, Particular Emp A a/c....
When you get approval for this and pay such a bill:
Emp A a/c...........Dr, To, Bank / Petty Cash A/c...
This is all about the Accounting Process in Tally. If your question is about what Tally software is, it is a complete management tool for Accounting, Inventory, and Payroll.
Hope this information is useful for you. In case you have any more questions about such activities, kindly visit pahechan.in and join our membership. You will get access to a Finance Professional Discussion Forum. Thank you.
From India, Bangalore
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Petty cash a/c .........dr To Bank a/c....Credit
Then, the fund starts to show in the Petty cash account where we pass all expenses entries against that fund. For example, Stationery Purchased:
Stationery a/c...............dr, To, Petty cash a/c
Note: You have to pass the entry as per the available fund in Petty cash. If there is a shortage of 10 rupees in your petty cash fund and you paid it from your pocket considering that when the fund comes, you will take that money. However, you cannot pass that entry in Tally as it will show a negative balance which you will be answerable for before the Auditor. So, take care of these issues.
Some provision entries need to be made at month-end. For instance, the Electricity bill comes on the 5th of every month, but you have to show that expense in the current month. Therefore, you need to make a provision entry, and when you receive the bill, then you reverse that entry and pass the correct entry.
You might need to pass an employee reimbursement entry, e.g., Employee A submits a Mobile bill of 1000 Rs. For that, you need to pass an entry:
Telephone Exp a/c.............Dr, To, Particular Emp A a/c....
When you get approval for this and pay such a bill:
Emp A a/c...........Dr, To, Bank / Petty Cash A/c...
This is all about the Accounting Process in Tally. If your question is about what Tally software is, it is a complete management tool for Accounting, Inventory, and Payroll.
Hope this information is useful for you. In case you have any more questions about such activities, kindly visit pahechan.in and join our membership. You will get access to a Finance Professional Discussion Forum. Thank you.
From India, Bangalore
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Dear Bindhu,
I'm Kavitha from Ramco Systems Ltd. We are a global solution provider of ERP, which includes a finance module that covers all your requirements. If you are interested and need further information, please get in touch with me at the address below.
From India, Madras
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I'm Kavitha from Ramco Systems Ltd. We are a global solution provider of ERP, which includes a finance module that covers all your requirements. If you are interested and need further information, please get in touch with me at the address below.
From India, Madras
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Hello,
MASKBC offers high-quality, cost-effective solutions and products to organizations like yours. Our commitment to quality of service and expertise in IT has earned us the reputation as a preferred technology partner to many respected organizations. MASKBC has been dedicated to making a better world through diverse businesses. The Company offers a comprehensive range of services like:
1. SAP Business One (B1) ERP Implementation and Support
2. Tally ERP 9 Implementation and Support
Request you to kindly let us know a convenient date and time for a meeting to present our SAP B1 ERP implementation capability, solution offerings, and give the confidence in terms of commitment and also understand opportunities of working together towards a successful association.
Thank you in advance for your anticipated response.
Thanks & Regards, Indrani Chakraborty Sr. Executive - Business Development MASK Business Consultancy Pvt. Ltd. New Face of Business Solutions 77100 60082
From India, Mumbai
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MASKBC offers high-quality, cost-effective solutions and products to organizations like yours. Our commitment to quality of service and expertise in IT has earned us the reputation as a preferred technology partner to many respected organizations. MASKBC has been dedicated to making a better world through diverse businesses. The Company offers a comprehensive range of services like:
1. SAP Business One (B1) ERP Implementation and Support
2. Tally ERP 9 Implementation and Support
Request you to kindly let us know a convenient date and time for a meeting to present our SAP B1 ERP implementation capability, solution offerings, and give the confidence in terms of commitment and also understand opportunities of working together towards a successful association.
Thank you in advance for your anticipated response.
Thanks & Regards, Indrani Chakraborty Sr. Executive - Business Development MASK Business Consultancy Pvt. Ltd. New Face of Business Solutions 77100 60082
From India, Mumbai
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