1. Project Report SUBMITTED IN FULFILMENT OF THE REQUIREMENTS FOR
100 Hours Information Technology Training
(For The Batch APRIL 2010)
Submitted by –
Mohit saraf
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

2. ACKNOWLEDGEMENT
Completing a task is never a one man effort. It is often the result of invaluable contribution of number of individuals in a direct or an indirect manner that helps in a flying success.
I take this opportunity to express my deep sense of gratitude and whole hearted thanks to my Guide Mr. A.K.Tiwari for his valuable guidance and encouragement through the work.
Finally, I wish to express my sincere thanks to my parents, who never complained me about stealing their time.

3. Index Sundry Debtors A/C Types Of Voucher Party a/c name
Name of the item
Display menu
Day books
Trail balance
Profit & loss a/c
Balance sheet
Stock Summary
Ratio analysis
Cash flow statement
Fund flow statement
Printing view
Short cut key
Introduction & Versions Of Tally
Features of Tally
Tally screen
Diagrammatical presentation of Tally
Reports Generation
Default groups, ledger & vouchers
Configuration
Create Company
Tally vault
Shut a company
Alter a company
Creating a Ledger Accounts
Gateway of tally ->account info->ledger account-> create
Various Heads
sundry Creditor
Home
Previous
Next
End

5. Introduction & Version of Tally
Tally is a versatile accounting package and is also based on a windowing interface. It is licensed for unlimited users connected to a single computer or network server over a local area network.
4.5 : Dos based Accounts only.
5.4:   Windows based Accounts with Inventory.
6.3:  5.4+ Import & Export, On-line finalisation.
7.2: 6.3+ TAX , TDS & Vat.
8.1:  7.2+ FBT, Excise Duty.
9   :  8.1+ Payroll & Multilanguage.
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6. Features of Tally User Friendly Interface Flexible Real Time
Helps in Decision Making
Import & Export
Fast in Processing
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7. Tally Screen Tiltle Bar Button bar Menu bar Working Area
Calculator bar
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8. Diagrammatical Presentation of Tally
Recording
Classifying
Transaction
Voucher
Journal Entry
Posting
Consolidating
Trial Balance
Ledger Accounts
Report
Generation
P & L Account
Balance Sheet
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9. Reports Generation Balance Sheet Profit & Loss a/c Stock summary
Ratio analysis
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10. Default Groups, Ledgers & Vouchers
15 Primary
Ledger Type-2
Voucher Type-6
9 for B/S
6 P & L
P&L A/C
Cash A/C
Generally 6
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11. Configuration
Before creating a company you can use (F12) key to configure Country specific details:-
Gateway of Tally —> F12: Configure —> General
Make the necessary selections and accept them. The prime differences are the use of terms like VAT in Europe and Sales Tax in Asia and America.

12. Create Company
The very first time you start Tally, you would require to “create a company”.
“Create Company” simply means giving basic information about the company whose books of accounts are required to be maintained .
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13. Company Information Go To Index
Gateway of Tally —> Company Info. —>Create.
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14. Tally Vault Tally Vault is a Security Mechanism.
The technique involved is “Encryption-Decryption on the Fly”.
The decrypted data can be stored in the Tally locker.
The data are stored in an encrypted form on the Tally Locker.
The password provides access to the decrypted data.
Tally Vault password can be given/changed for new/existing Company.
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15. SHUT A COMPANY
“Shut a company” means to unload it. It does not mean that you have deleted it. Simply select it again to load and work on it again. For Shutting the Company use the Shut button from the button bar or press [ALT + F1].
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16. ALTER A COMPANY
You can modify at any time, any information given while creating the company.
At the Gateway of Tally =ALT+F3 —> Alter
The menu below give options relating to company information. This includes Alter, this function can also use this for deleting a company.
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17. Creating Ledgers Accounts
For creating a ledger account, go from accounts info in the main
menu to ledger.
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18. Gateway of Tally->Accounts Info->Ledgers->Create
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19. Various Heads
All accounts from the last year’s balance sheet can be created
under the respective head’s and their opening balances can be
entered.

20. Sundry Creditors A/c
A Creditor named B can be created under the head sundry creditors.

21. Sundry Debtors A/c
Similarly, C-a debtor’s account can be created under the head
Sundry Debtor.

22. Types Of Vouchers
Tally is pre-programmed with a variety of accounting vouchers,
each designed to perform a different job. A voucher entry is a primary
document for recording all financial transactions. Recording and analysis
are easy for different types of transactions because tally
provides 16 different predefined voucher formats.
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23. Party's A/c Name Order No
Give the supplier's name. Type in the same manner as voucher entry and select from list of Ledger Accounts. Use [alt]+[C] to create a new account.
Order No
The voucher number can be treated as your Purchase Order number. You may configure the voucher type through Acct. Info—>Voucher Types to set prefixes and suffixes for Purchase Orders. This particular Order No. field is an additional field to record order number if different from the voucher number.

24. Name of the item
Give the name of the stock item for which the order is to be placed. Once the name is given the Item Allocations sub-screen pops-up that needs to be filled in.
Due On
The due date for delivery of the item. This will enable monitoring of outstanding deliveries. The order can be split for delivery on different dates.
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25. Display menu view
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26. Day book
It gives the balances for the each day for the voucher type has
been selected.
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27. Trial balance view
Trial balance is a consolidation of ledger balances.
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28. Profit and Loss A/c View
From profit and loss account we can know the profit and loss during
the year
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29. Balance Sheet
From balance sheet we determine the financial position of the firm/industry. We can display in vertical format also.
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30. Stock summary view
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31. Ratio analysis view
Ratio analysis is useful for management in the decision
making process. We can even analyze different outstanding
of parties using receivable turnover ratio etc.
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32. Cash flow statement
Cash and fund flow statement help management in the decision making process.
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33. Funds flow statement
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34. Printing menu
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35. Shortcut keys Go To Index F1 Select Company Alt+F10 Physical Stock
Shut Company
F11
Features F2
Date (To Change)
F12
Configure
Settings
Alt+F2
Period (To change)
Detail F3
Company F9
Inventory Reports
Alt+F3
Company Info
F10
Accounting Reports F4
Contra F6
For Display of B/P and B/R Report F5
Payment F8
Other Reports
Receipt
Alt+F12
Range F7
Journal
Alt+F5
Quarrel
Sales
Purchase
Memos
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36. Thank You !!!