Following Steps are to be followed to enter the transactions in Tally ERP9,
1. To Create Company Company Info > Create Company
Type the Name as Kumar and keep all other fields as they are and choose. “Yes” to accept
2. To maintain accounts only
Gateway of Tally > FI 1 Accounting Features > General > Maintain Accounts only: ‘Yes’ > Accept: Yes
3. To create ledger accounts
Gateway of Tally > Masters > Accounts Info > Ledger > Single Ledger > Create
(i) To create Kumar’s Capital A/c
Name: Kumar’s Capital A/c
Under: Capital Account Accept: Yes
(ii) To create State Bank of India A/c
Name: State Bank of India A/c
Under: Bank Accounts
Accept: Yes
(iii) To create Furniture A/c
Name: Furniture A/c
Under: Fixed Assets
Accept: Yes
(iv) To create Purchases A/c
Name: Purchases A/c
Under: Purchase
Accept: Yes
(v) To create Kalpana A/c
Name: Kalpana
Under: Sundry Creditors
Accept: Yes
(vi) To create Sales A/c
Name: Sales A/c
Under: Sales Account
Accept: Yes
(vii) To create Venu A/c
Name: Venu A/c
Under: Sundry Debtors A/c
Accept: Yes
(viii) To create Salaries A/c
Name: Salaries A/c
Under: Indirect Expenses
Accept: Yes
(ix) To create Carriage A/c
Name: Carriage A/c
Under: Direct Expenses
Accept: Yes
(x) To create Computer A/c
Name: Computer A/c
Under: Assets
Accept: Yes
(xi) To create Maria Ltd A/c
Name: Maria Ltd A/c
Under: Sundry Creditors
Accept: Yes
4. To enter transactions through vouchers
Gateway of Tally > Transactions > Accounting vouchers
(i) Kumar commenced a business with a capital Rs. 5,00,000
F6: Receipt Voucher Account: Cash
Particulars: Kumar’s Capital A/c (Choose from the List of Ledger Accounts)
Enter the amount of capital: Rs. 5,00,000
Narration: Capital introduced Accept: Yes
(ii) An Account was opened with State Bank of India and deposited Rs. 80,000
F4: Contra Voucher Account: State Bank of India
Particulars: Cash Amount: Rs. 80,000
Narration: Opened Bank Account in SBI Accept: Yes
(iii) Purchased furniture by paying cash Rs. 20,000
F5: Payment Voucher Account: Cash
Particulars: Furniture A/c
Amount: Rs. 20,000
Narration: Furniture bought by cash Accept: Yes
(iv) Goods purchased on credit from Kalpana Rs. 60,000
F9: Purchase Voucher Party A/c Name: Kalpana A/c
Particulars: Purchases A/c Amount: Rs. 60,000
Narration: Goods purchased on credit from Kalpana Accept: Yes
(v) Cash Sales made for Rs. 20,000
F8: Sales Voucher Account: Cash
Particulars: Sales A/c Amount: Rs. 20,000
Narration: Cash Sales made Accept: Yes
(vi) Goods purchased from Arun for Rs. 7,000 and money deposited in CDM.
F9: Purchase Voucher Account: Cash
Particulars: Purchase A/c Amount: Rs. 7,000
Narration: Cash Purchases made Accept: Yes
(vii) Goods sold to Venu on credit for Rs. 80,000
F8: Sales Voucher Party A/c Name: Venu A/c
Particulars: Sales A/c Amount: Rs. 80,000
Narration: Goods sold on credit to Venu Accept: Yes
(viii) Money withdrawn from bank for office use Rs. 35,000
F4: Contra Voucher Account: Cash
Particulars: State Bank of India A/c Amount: Rs. 35,000
Narration: Cash withdrawn from bank Accept: Yes
(ix) Part Payment of Rs. 40,000 made to Kalpana by Cheque
F5: Payment Voucher Account: State Bank of India
Particulars: Kalpana Amount: Rs. 40,000
Narration: Payment made to Kalpana by Cheque Accept: Yes
(x) Salaries paid to staff through ECS Rs. 45,000
F5: Payment Voucher Account: State Bank of India
Particulars: Salaries A/c Amount: Rs. 45,000
Narration: Salaries paid through ECS Accept: Yes
(xi) Carriage of Rs. 8,000 paid by cash
F5: Payment Voucher Account: Cash
Particulars: Carriage A/c Amount : Rs. 8,000
Narration: Carriage paid by Cash Accept: Yes
(xii) Purchases computer from Maria Ltd. on credit Rs. 50,000
F7: Journal Voucher
Particulars: Computer Amount: Rs. 50,000 To Maria Ltd. Amount: Rs. 50,000
Narration: Computer bought on credit from Maria Ltd. Accept: Yes
5. To view reports
(i) To view Trial Balance
Gateway of Tally > Reports > Display > Trial Balance > Alt FI (detailed)
(ii) To view Profit and Loss Account
F10: A/c Reports > Profit and Loss A/c > Alt FI (detailed) or
Gateway of Tally > Reports > Profit and Loss A/c and Alt FI (detailed)
(iii) To view Balance Sheet
F10: A/c Reports > Balance Sheet > Alt FI (detailed) (or)
Gateway of Tally > Reports > Balance Sheet > Alt FI (detailed)
(iv) To view Ratio Analysis
F10: A/c Reports > Ratio Analysis (or)
Gateway of Tally > Reports > Ratio Analysis
(v) To view Day Book
F10: A/c Reports > Day Book> Alt FI (detailed) (or)
Gateway of Tally > Reports > Display > Day Book > Alt FI (detailed)
