What is the effect of net Debit/Credit balances for reporting?

effect of net cebit credit balance

Now we are discussing advanced entries in masters, so far we have learned enabling,disabling ‘Group behaves like a Sub-Ledger ‘ and found its effects . Here we are learning net Debit/Credit Balances for reporting options in advance group creation mode. First Step Enable ‘Allow Advanced Entries in Masters’. If you don’t know how to do [...]

Effect of group behaves like sub ledger under advance group creation

detailed mode

Advance group creation discussed earlier and now we want to know what is the effect of advance options in reports and data entry? Here we will understand the impact of Group behaves like a Sub ledger in tally. It’s as simple but many of us have not noticed its effect. It’s nothing big important but [...]

Group Creation advanced mode

advance-group-creation

‘Group creation’ we have learned in a previous session .Here we can analyze advanced options for creating group in tally. By using advance option we can enhance the quality of reports and data entry. Let’s learn advance group creation and understand step by step what the benefits of advanced option are? How to enable advanced [...]

How to create, view, alter& delete Ledger in tally

ledger creation screen

We have learned what is ledger and types of ledgers in earlier lesson, now let’s learn how a ledger can be created in tally soft ware Go to Accounts info>Ledger>Create Ledger creation screen will displayed.   How to create ledger in tally The options in ledger creation screen will vary in accordance with the features [...]

About group in tally,Why group, create group in tally

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Account can be grouped in tally. This is very useful feature. Why groups when we can easily create and manage ledger? I will explain this with one simple example. ABC Ltd has four Sale team; Team Selling area A North B East C South D West Salesmen of each area require Debtors list or outstanding [...]

How to configure company?

configuration screen

The configuration is used for altering some setting in tally software, like date format, company name on report, symbols, numbers to be used and many more, There are several configuration setting in tally, we are not discussing all configuration settings in this lesson, we will learn it gradually when situation comes Once you have configured, [...]

Navigation through tally software / how to use tally?

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Expert tally users probably find this tutorial as a yawner because this post aims for beginners. Tally is  a user friendly software; due to its user friendliness tally offer various options for navigation. This will enable faster data entry, and time saving for its users. Navigation can be done by using both key board and [...]

Alter company-How to modify a created company in tally?

right button bar

In our previous lesson, we discussed about how to create acompany and in this lesson, we will learn modification of a created company. There are so many situations like changing address, modifying types of company, etc. How to modify a company? To modify a company you need to access Company info screen this can be [...]

Opening (loading) and closing (shutting) of companies in tally

shut company

Loading of a company is the next step after creating a new company. Tally software sets the first company loaded automatically. We have provided the complete information of automatic loading of companies in tallyhere. Select or open an existing company? To open a company it must exist in the tally data folder. Normally, when you [...]

How to enable and disable automatic loading of Companies at startup?

preloading screen

We have completed new company creation, alter existing company, and tally data management in our previous lessons. Tally load companies automatically when we open the software. Let’s learn enabling and disabling loading of companies at start up. Automatic loading of company at the time of opening software By default, Tally software loads the first company you [...]