Computerized Accounting with Tally Notes

Computerized Accounting - Tally

Check Your Progress A

  • Question 1: Where are all types of adjustment entries recorded in Tally?
    • Answer: c) Journal
  • Question 2: Which voucher is used to transfer amount from one bank to another?
    • Answer: a) Contra
  • Question 3: Which submenu is used to create a voucher in Tally?
    • Answer: b) Accounting Voucher
  • Question 4: To create a receipt voucher in Tally, which key do you press?
    • Answer: b) F6
  • Question 5: Which voucher is created by use of the F4 key?
    • Answer: a) Contra

Sales Voucher / Invoice

  • Sales vouchers are used to record transactions of goods sold on cash (cheque) or credit.

  • Example: Surbhi Ltd. sold 10 white Tubelights @ 110/- and 8 LED 6 watts @150/- to Suresh Electrical Fittings Ltd.

  • Journal Entry:

    Suresh Electrical Fittings Ltd. Dr 2300 (Sundry Debtors)
To Sales A/c (Sales A/c) 2300

  • Creating a Sales Voucher:

    • Prepare Sales A/c under account info (ledgers) under the Sales A/c group and set inventory values to be effected as ‘Yes’.
    • Go to Accounting Voucher in transactions in Gateway of Tally.
    • Click F8: Sales or Press F8. Ensure the sales voucher is opened in ‘As Voucher’ mode.
    • Sales Voucher will open with serial Number 1.
    • Put the Date of Transaction and Reference No, if available.
    • Select Suresh Electrical Fittings Ltd. A/c from the list of ledger accounts.
    • Enter buyer details if available; otherwise, press enter and select the method of adjustment as a new reference.
    • Enter Rs. 2,300 in amount and enter.
    • Select Sales A/c and Press enter.
    • The inventory allocation box will open.
    • Type the item name (e.g., White) and select from the list of stock items.
    • Enter the godown name, quantity, and rate.
    • The amount will be displayed automatically.
    • Similarly, enter details for LED 6 watts bulb.
    • Press enter until you return to the original screen of the sales voucher.
    • Enter Narration, if needed, and press enter again.
    • You can now see sales Voucher No 2, indicating the entry has been recorded.

Credit Note Voucher (Ctrl + F8)

  • Credit Note voucher is used to record transactions of sold goods returned by the buyer.

  • Example: Suresh Electrical Fittings Ltd. returned 2 white Tubelights due to being defective.

  • Journal Entry:

    Sales A/c Dr 160
To Suresh Electrical Fittings Ltd. (Sundry Debtors) 160

  • Creating a Credit Note Voucher:

    • Go to F11: Inventory Features and set