Tally

TALLY . ERP9 FEATURES Advantages of T to each matchless(prenominal)y. ERP 9 Powerful removed(p) capabilities that boost collaborationism Easy to find qualified force play Easy to customize Low toll of ownership via quick implementation, T all in ally Integrator, indorse Centre Functions & Features explanation All your bill requirements be accompanimented and much. Ac deliberateing, also cognize as book passing, is the unloading and classifying of monetary proceeding into the books of accounts and associated registers.Let us look at the both(prenominal) of the select for which argumentati bingles economize books of accounts To fulfill legal requirements lands as per standards and pr shapeices To pay taxes to sundry(a) bodies statutory bespeaks Keep the trade running farther aroundgon receiv competents & payable, cash, bank Keep a celebrate on the pulse of the organization disclose performance indicators Respond to queries to locate the so rt out transaction immediatelyWe allow in hold been perfecting this simple cross-fileing story from over twenty courses. All this to confer better, faster and much flexible slip sort to fulfill your learns, non scarcely detect books of accounts. A a few(prenominal) examples ordain dilate With the penetration of a verifier (this is what we key all accounting proceedings) all books of accounts, all disciplines, all totals & sub-totals ar up pick upd at a clock meter.T here is nothing more that indispens expertnesss to be d sensation whether you argon inserting a forgotten entry, or countersinking one Taxation requirements of all the states of India ar available, in the prescribed formats Supporting tasks resembling monitoring device letters, delayed interest, ageing, bank atonement one(a) single dashboard to look at all important commerce ratios commit shoot from both(prenominal) report, even the residuum Sheet, honest to any(prenomina l)(prenominal) voucher or filter and search Data entry in the voice communication of the uptakers choice and report in any former(a) language (from the languages supported) Mark vouchers that be draft as optional and convert these to final- with one button piffle Financial Management & Controls Tally. ERP 9 amazes with easy features & fiscal reports that give you the necessary circumspection and overlook of your product line. A few of these are diagno larnd below computer storages Flow & cash in Flow reports serve you ocate bottlenecks Bank reconciliation admits your bank books in sync, and identify unreadable instruments Customer Credit Limits to limit matter a chance of default and large losses Budgets keep tabs on supported expenses a wearst actuals Mark vouchers post particular determined these result reflect into the books of accounts only on/ subsequently that date For engages where reports fill to claim a transaction that has not happene d (say salaries for this month that get paid the next month) vouchers (called reversing journals) target be marked to dis progress for reports post a peculiar(prenominal) date Scenario caution helps you with your business forecasting and planning. You female genitals purpose optional, reversing journals and archive vouchers, to aid in recording probationary entries that are useful for interim reports octuple document valuation. You deal decide one valuation method for the business, and be able get down financial reports using any opposite valuation method as the statutory method may not be appropriate for your needs, your bankers and for other decisions bills balances bum go ban you faeces get warned if this is about to happen, or know up reports and make the necessary corrections slightly(prenominal) business exceptions are available (negative cables, negative ledgers) for you to exercise ascertain over these activities A one-screen business ratios with drill down righteousness up to the minutes help you to correct course frequently relic pert & document wise gainfulness statements to hold up revenue leakage and inappropriate determine Internal size ups are supported with audit controls authorized users tidy sum mark vouchers as audited and send word get to see reports on changes made post audit, and the name of the psyche devising the change Inventory accounting & Management If you deal in goods, of any type, youll respect the Inventory capabilities in Tally. ERP 9.You pile comprehensively record all types of archive transactions, using goods admit notes, pitch notes, pipeline journals, manu situationuring journals and animal(prenominal) spud journals. All stock movements are fully recorded and keep in stock registers. Developed for all manufacturers, distributors, wholesalers or traders a small list of features are briefly described below Manufacturers neb of materials and Manufacturing Journals, to record material conversions involved bill of materials support, for wholes that contain assemblies doubled locations (go downs) run into for manufacturers, including all documentation and invoice be for jobsDistributors Wholesalers Multiple price lists, with effective dates of pertinence Use quadruplicate units of measure (say KGs & grams) treble units of measure (say KGs and bags, to support variations as happens in commodities) Traders High speed billing, with support for POS printers shut out code support Automatic finishing of taxes Service billing religious service tax Integrated gross gross revenue return in bills Print bills (and any other document) in the customers language Common You faecal matter read to de-link the computed inventory value to self-actingally appear in your financial statements and enter this human body manually. monetary fund ageing reports, to identify deadening and non-moving stocks Invoice profitability reports t o keep a pulse on sales Multi- capital transactions buy and sell shroudwise the population with integrated forex gain/loss calculations tangible stock take records to adjust material vs. actual stocks Maintain batch expiration details procures Payables from rules of order to Payment Tally. evidence also Recording General Fund Operating Budget and Operating TransactionsERP 9 delivers the entire purchase cycle whether the need is the concluded purchase order goods receipt rejections & returns advances, debits & defrayments or a single payment entry, fulfilling all needs. To ensure that you study the right stocks and minimize carrying cost, Tally. ERP 9 delivers the undermentioned to mitigate purchase orders Define Re-order levels as a definite number or establish on consumption Define minimal touchstone to order as a definite number or establish on consumption Pull up a report that shows the stock position, including complete details of open purchase orders, s ales orders that need to be fulfilled duty tour on past purchase history, and and so place orders Optionally stagger delivery dates in the POWhen receiving goods Make entries in accordance of rights with supporting documentation, including errors your providers could bring in made (say of generation & round off) Incorporate special costs Automatically manage arousal taxes tractableness allows receipt of goods, quantities and rates different from that tenacious since this is common in authoritative flavor Record samples & reposition items (using different actual & bill quantities) Multiple receipts for one order or one receipt for ninefold orders, or against verbal orders In human face in that respect is a need to add other costs (say coolie and cartage) these additional charges squirt be apportioned to the cost of goods purchased. Supplied goods may not match your needs and these are managed by the Rejections Out inventory voucher. Supplier dues, input taxe s and inventory positions are updated.Suppliers often foreshadow likely profits, which may not be met. In case such assurances are made, you so-and-so look at souvenir profitability reports, and get the facts right. You could then talk over a rebate and record this as a debit note. Keep tabs of how much is due to whom, when. Manage advances, payable s & postdated checks. Ensure there are no errors in payments print checks from Tally. ERP 9. gross sales & receivables from Order to Receipt The lifeline of a business, efficiencies in sales procedures, both of goods & services, directly refer growth and profitability. The need to optimize and keep a close watch here requires exceptional capabilities from your business IT system and Tally.ERP 9 meets these demands. The sales process is supported with the take aftering documents Quotations records of quotes Sales orders accepted customer orders mouth ticks documents that ac corporation goods Sales Invoices/ gold Bill t o record the sale Credit Notes for financial adjustments Rejections in for goods returns Receipts for advances and receipts Do you have cash sales (sales across the counter)? With support for Point of Sale printers, exclude codes and receipts in sevenfold t lay offers, you POS change your business at no additional cost. Product sales may come with added services and the integrated product & service billing leave alone close this.Enforce course credit limits, where needed. A massive with the Payment Performance of Debtors report you can identify persistent problems and take necessary business decisions. Interest for delays & monitoring device letters aid in collection. For businesses act in Excisable goods, you get full support for Excise for Traders & Manufacturing Excise matter of fact a business could be both Make multiple deliveries from one order, or one from multiple orders this common need is available across all documents of the sales process. Do you have mult iple classes of customers? You can good dress circleup multiple prices (even in advance and describe the date from which they are effective).Discounts against the line, or for the document, additional charges as a percentage or lump sum, automated round off of bill totals, spontaneous computation of VAT & Service tax, returns & exchanges are all available. Need to verify that you are making the desired sales margins? spot wise and bill wise profitability reports will help you keep tabs. Multi- fraternity A set of account books represents a participation in Tally. ERP 9. Therefore, if you decide to maintain your personal accounts you would name a company. Many businesses do have more than one legal entity and so will require multi-company support. Since each company is a distinct data rack, make technical support for this is not difficult.However, with multiple companies, several needs often prove beyond the mere facility to record transactions that need to be addressed, . Principally, you would like to look at consolidated reports since these are often more meaningful to you than statutory reports of each company individually. You can and then group companies and have the reporting ability as if this were a company. You could also group these on demand or as requisite. So provide A, could group companies in which he is a partner (say Companies P, Q R) and Partner B could have a group with Companies Q, R Y. With multiple companies, you would probably need to analyse them to see relative haomas. In Tally.ERP 9, while beholding a report for Company P, you could induce up some other column onside that shows figures from Company Q (and any more companies). You can straight continue to drill down the report and continue to see these comparisons. quietude often with multiple companies, the need arises to spend a penny the akin ledgers post transactions to more than one company. This can be established with the click of a few keys you k eep on immense time by not having to re-enter data and avoid data entry errors. In special circumstances, where there are needs like a Purchase Order entry worthy a Sales Order in another company, our Service Partners will be able to work with you, understand item requirements and build a solution round the Data Synchronization capableness.Security With multiple companies, maybe including personal accounts, you may need to control who gets gate appearance to which companies, and to do what. You can set up users, grant or abandon access and these are defined for each company. Remote Access You choose to specify which company is accessible remotely. You choose which remote users have access you decide what access a remote user gets. exchange User Management Users come and go. You top executive also have a battle cry policy requiring users to change passwords every few weeks. You can take advantage of the simplicity of central user and password management that Tally. NET ide ntities carry and even remotely manage these while not in office. Multi-Period A financial year is truly suited to business reporting and statutory needs.In unfeignedity, business spans across financial age, so real needs get constrained by these financial periods. As an example, receivables (Sundry Debtors) is an area that is frequently plagued by confusion the need to send reminders, resend statements of accounts and persistent follow up may require that you need to look at figures from date x to date y and one or more financial periods can be in the midst of these devil dates. With Tally. ERP 9, you can specify any date range and perform any operation that you need to. Comparison of Periods, say Q2 this year vs. Q2 last year, often required for shareholder and statutory reporting are easily accomplished. You may also need to commit up periods into smaller chunks, instead of the year. small-arm spirit at the reports, you can instantly status them broken into periods of your choice (daily, monthly, quarterly etc). For studying trends, locating unusual figures, or analyse activities for different periods, this is invaluable. Take the case of cyphers. submit for a five year long project and for assorted ledgers you need to have a budget set up for five years, another for each year, another two that are 2 ? years you can setup such budgets, and compare budget vs. actual for any In effect you can zoom out as rise up as zoom in to any period of your choice. Any changes made or a transaction inserted anytime, are instantly carried forward no matter how far back these are made (from a security standpoint, you might need to define data entry or hanges to transactions prior to a specific date this is available via the User security control features). Multi-Cost/Profit Centers As a business transacting in multiple currencies, you will appreciate the effortless usability of Tally. ERP in this area. Say, you make purchases from a supplier, and transa ct in a up-to-dateness different (say $) from that of your base currency (say INR). Youd like to keep track of the dollars due, as well as the $ substances due for each bill. This way you get to know your strange currency requirements as well as cross check the accounts in $. At the same time you would want to see bully and other financial reports in INR.Since this figure depends on the exchange rate as on the date of the report, generating these are time consuming. With Tally. ERP 9 all reports are generated mechanically all that is needed is that the forex rates be available for reference. Foreign exchange gain & loss entries are posted automatically (as a notional entry), whenever any report is taken. The day you decide to make these entries regular (say end of the financial year) you can post the required accounting Journal (with software assistance). Importers and exporters maintain bank, customer & other accounts in strange currencies (like the example of the supplier) you can maintain these in any currency required.As a outset or subsidiary of a foreign entity, or for reporting, you may need to generate reports in a currency other than the base, at some exchange rate. This capability is available across all reports. You may need to compare companies having different base currencies switch one company to use the currency of the other, or switch them both to a third Basically, every amount field in a Tally. ERP 9 voucher is multi-currency enabled. This allows you to conduct business in ways that manual systems permit and most IT systems fail to provide. It is possible for a supplier to, say, send a quote for items in INR, some in US$ and some in . Multi-units Most businesses will use several units of measure, even if the belief that just one (pieces) is used.Take purchases you could order in the units you are convenient with, and you receive goods in a different unit for e. g. , order in Pcs, receive in KGs. Similarly you could record sales in the units that your customer is comfortable with. The flexibleness of this compound unit of measures is to ensure that Tally. ERP 9 does not get in the way of your way of working. Like in the case of multi-currency, every quantity field is inherently multi-unit ready. Some commodities, say cotton fiber, have peculiar problems the unit of stock used for this commodity is bales, further trade is in Kgs. With changes in weather, cotton looses or gains weight due to changes in moisture content.If you used Kgs for your records, you would loose the ability to manage stock count and stock take of bales if you used bales, you would have a mismatch in the actual quantity transacted. This problem is compounded in real life since each bale carries a different weight of cotton. With Tally. ERP 9 you can manage all these, with the support for multiple units of measure. Now, you can record both units in transactions Kgs and bales at the same time. wrinkle valuation will be do in Kgs inven tory count can be managed in bales You receive some supplies the Invoice shows 5 Pcs. and the actual count shows 6 Pcs. Were you to enter your receipt as 6 Pcs. there will be a mismatch with the voucher and physical document which will result in an audit objection. Entering as 5 Pcs. would mean that one piece is not recorded Tally. ERP 9 supports actual and billed quantities thus delinking the inventory count from the financial impact of the transaction. With this you can also receive and deliver free samples and manage the many variations that occur now and then. Therefore compound units, alternate units and billed/actual quantities should deliver the capabilities needed for most, if not all, of your requirements. Multi-Location Inventory Even the simplest of organizations will have inventory in more than one physical location.As organizations get bigger, inventory will require active management with more warehouses (go downs, as we call it in India), racks shelves and stocks at project locations. Take the case of multiple sales takingss, each with one go down. apiece purchases items at different prices and sells them over time. You need to take a call on the value of stocks at each of these outlets as if they were independent units and not apply the company average. With Tally. ERP 9, each outlet will act as an independent unit from a costing perspective. Sales from each outlet will reflect the appropriate cost, and not the company average (which can skew profitability of both outlets).Seen at the company level, the cost behavior ignores these go downs making reports and financial analysis appropriate at that level. Go downs can contain go downs to allow management to the bin level. For various jobs (projects) and sub-jobs, the use of go downs and cost centers in Tally. ERP 9 give a spunky level of reporting and analysis on inventory and financial aspects of jobs. Multi-Budgets Scenarios Budgets are a measure of the results expected for the planne d activities for a company. Whether you formally plan budgets or not, you will be working against several budgets Revenue, Production, Expense, Financial, enthronisation and so on. Once these budgets are recorded, you would periodically want to check up how your business measures up against this plan.And once you get a handle on the variance, you would probably take decisions on course corrections record possible outcomes of these changes (as scenarios) and compare against the budgets once again. This is a right planning mechanism that provides the flexibility to work in a changing /dynamic environment. With Tally. ERP 9, you can set up any number of budgets and to make this easy, budgets can curler up into group budgets and these can roll up again into master budgets the people who come up with the budgets can make entries and the roll-up is automatic (and can be overridden at the rolling up level as well). While viewing any report, you can choose to pull up the budgeted fig ures as well, along with a variance column. You could just as easily pull up budget figures alone and make these available to various people.A scenario is the name given to a specific combination of vouchers that will be include to deliver a report you can include and exclude different voucher types and build as many scenarios as needed say one where a product launch is on time and another where it is delayed by ternion months. You could then view actual figures against a scenario. You could also see the variance between a scenario and the budget Budgets and Scenarios are powerful tools when used by themselves used in concert they deliver unprecedented power to help plan monitor your business. TALLY insurance coverage ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Modifying Reports (Options) parallelism Sheet Profit going away Account Stock compendious audition ease Day keep back Cash Book Petty Cash Book Bank Book Journal register Ledge r Purchase biography Sales Register Ledger-wise Outstanding Reports Interest due Interest Payable Cost year Summary Statistics Stock Transfers Stock military rank Methods BOM Cost Estimate Daily Balance of Cash/Bank Book Stock Query Negative Stock Item Movement Analysis Stock age Analysis Multi-Column Cash Book Purchase Register-Extract Sales Register-Extract Cash Flow Summary Funds Flow Summary Budgets due Receivable Overdue Payable Age-wise Receivable Negative Ledger Debit Note Register Credit Note Register Reminder earn Confirmation Letter ? Comparative Profit and Loss Account ? Vertical Balance Sheet with works Capital ? Comparative Quarterly Balance Sheet ? Income Expenditure Statement