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Tally Accounting Package

Tally Accounting Package. UNIT - 3. Objectives of this session. Voucher Entry Voucher Types Role of Buttons Exercise . Introduction. In accounting, vouchers are the main input besides the opening balances which you put in the masters. The output is the form of Reports.

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Tally Accounting Package

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  1. TallyAccounting Package UNIT - 3

  2. Objectives of this session • Voucher Entry • Voucher Types • Role of Buttons • Exercise

  3. Introduction In accounting, vouchers are the main input besides the opening balances which you put in the masters. The output is the form of Reports. Tally recognizes a number of vouchers, which can be used to enter the first information of the transaction. Vouchers are of different types. Some of them are already defined in the Tally software.

  4. Voucher Types Some of the general vouchers are as follows: • Sales Voucher • Purchase Voucher • Payment Voucher • Receipt Voucher • Journal Voucher Other than the predefined vouchers of the Tally software, users can create vouchers of their own desire and requirement also.

  5. Voucher Entry Voucher Entry is done by selecting ‘Voucher Entry’ option from the ‘Gateway of Tally’.

  6. Voucher Entry The default voucher entry screen displayed is the ‘Payment Voucher’. To change the screen for different voucher type, use Button Bar or Function Keys.

  7. Voucher Type Selection Voucher type selection is the mental work done by you not by computer and it is totally based on the accounting concepts.

  8. Exercise Let us analyze the voucher type in the following transactions.

  9. Exercise Cash A/c Dr. 5000 To Mohan’s Capital A/c 5000 (Being the amount invested by Mohan in the business) This journal entry will give the idea of voucher type. As the Company is receiving some money it is receipt voucher or as this is of capital nature it may be journal voucher.

  10. Exercise Bank A/c Dr. 500 To Cash A/c 500 (Being the amount paid into the Bank) As the Company is paying and receiving some money it is contra voucher.

  11. Exercise Furniture A/c Dr. 200 To Cash A/c 200 (Being furniture purchased for cash) As the Company is spending some money for the purchase of an asset, it is payment voucher.

  12. Exercise Purchase A/c Dr. 400 To Cash A/c 400 (Being goods purchased for cash) As the Company is spending some money for the purchase of goods (for trade), it is purchase voucher or as this is of cash payment nature it may be payment voucher.

  13. Exercise Purchase A/c Dr. 1000 To M/s.Ram Narain A/c 1000 (Being goods purchased from M/s.Ram Narain on credit) As the Company purchased of goods (for trade) with out payment, it is purchase voucher.

  14. Exercise Cash A/c Dr. 600 To Sales A/c 600 (Being goods sold for cash) As the company sold goods to M/s. Ram & Co for cash, it is sales voucher or as this is of cash receipt nature it may be receipt voucher.

  15. Exercise Ramesh A/c Dr. 300 To Sales A/c 300 (Being goods sold to Ramesh on credit) As the company sold goods to Ramesh on credit, it is sales voucher.

  16. Exercise Cash A/c Dr. 300 To Ramesh A/c 300 (Being cash received from Ramesh) As the Company is receiving some money it is receipt voucher.

  17. Exercise Rent A/c Dr. 100 To Cash A/c 100 (Being the amount paid for rent) As the Company is spending some money it is payment voucher.

  18. Exercise Cash A/c Dr. 200 To Salary A/c 200 (Being the amount paid for salary) As the Company is spending some money it is payment voucher.

  19. Voucher Entry : Receipt Voucher Cash Account Dr. To Capital Account (Being the amount invested by Mohan in the business as capital) • Come to Gateway of Tally • Select Voucher Entry either by clicking by mouse or by pressing ‘V’ • Following window with default voucher type ‘Payment Voucher’ will appear. • Select F6 button from button bar or press F6 from keyboard the type of voucher change from payment voucher to receipt voucher.

  20. Voucher Entry : Receipt Voucher • Following window of ‘Receipt Voucher’ will appear. • In front of ‘To’ write ‘R’ a list of related ledger will appear, select the Ram’s capital option. • Enter the amount Rs.5000 in credit • Press Enter • The ‘By’ Column will appear, write ‘C’ a list of related ledger will appear select the cash option, the same amount automatically gets entered in debit column.

  21. Voucher Entry : Receipt Voucher The Receipt Voucher screen will appear as follows :

  22. Voucher Entry : Contra Voucher Bank Account Dr. To Cash Account (Being the amount paid into bank) • Come to ‘Gateway of Tally’ • Select Voucher Entry either by clicking by mouse or by pressing ‘V’ • Following window with default voucher type ‘Payment Voucher’ will appear. • In front of ‘To’ write ‘C’ a list of related ledger will appear select the cash option.

  23. Voucher Entry : Contra Voucher • Enter the amount in credit • Press Enter • The ‘By’ Column will appear write ‘B’ a list of related ledger will appear select the bank option, the same amount automatically gets entered in debit column.

  24. Voucher Entry : Contra Voucher The Contra Voucher screen will appear as follows :

  25. Voucher Entry : Payment Voucher Furniture Account Dr. To Cash Account (Being Furniture purchased for Cash) • Come to ‘Gateway of Tally’ • Select Voucher Entry either by clicking by mouse or by pressing ‘V’ • Following window with default voucher type, ‘Payment Voucher’ will appear. • In front of ‘Dr’ write ‘F’ a list of related ledger will appear, select the Furniture option.

  26. Voucher Entry : Payment Voucher • A new window will also appear, asking for detail of furniture purchased with amount. • Enter the amount in debit • Press Enter • The ‘Cr’ Column will appear, write ‘C’ a list of related ledger will appear select the cash option, the same amount automatically gets entered in debit column.

  27. Voucher Entry : Payment Voucher The Contra Voucher screen will appear as follows :

  28. Voucher Entry : Purchase Voucher Purchase Account Dr. To Cash Account (Being goods Purchased for Cash) • Come to ‘Gateway of Tally’ • Select Voucher Entry either by clicking by mouse or by pressing ‘V’ • Following window with default voucher type ‘Payment Voucher’ will appear. • Press button F9 for purchase voucher • In front of ‘Cr’ write ‘C’ a list of related ledger will appear, select the cash option.

  29. Voucher Entry : Purchase Voucher • A new window will also appear, asking for detail of purchased with amount • Enter the amount in credit • Press Enter • The ‘Dr’ Column will appear, write ‘p’ a list of related ledger will appear, select the Purchase Account option, the same amount automatically gets entered in debit column.

  30. Voucher Entry : Purchase Voucher The Purchase Voucher screen will appear as follows :

  31. Role of Button F2 : To change the date of the voucher Alt + F2 : To change Voucher Period F3 : To switch to another loaded company and enter a voucher in it.

  32. Role of Button continue … F4 : To create a Contra Voucher F5 : To create a Payment Voucher F6 : To create a Receipt Voucher F7 : To create Journal Note such as Debit and Credit Notes F8 : To create Sales Voucher F9 : To create Purchase Voucher

  33. Role of Button continue … F10 : To Reverse Journal Voucher and also to create Memorandum F11 : To change the features Post Dated : To make the current voucher Post-Dated Optional : To mark the current voucher Optional

  34. Thank You Learners Support Publications www.lsp4you.com

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