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 [...]

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’ 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 [...]

What Is a Ledger & Why Ledger ? In previous Lesson we have learned how the transactions are recorded in Journal.But there may be several transactions relating to one particular expenses, income. In a journal these transactions are appear in different pages . Suppose your Boss asking you ,what is the total travelling expenses for [...]

Accounts are mainly classified in to three they are Real Account:- Real accounts are related to asset account which can be touched felt, eg building account, machinery account ,stock,furiture etc Personal Account:- Personal accounts are related to persons , institutions compnies. examples are bank account, creditors a/c etc Nominal Account:- Nominal accounts are related to [...]

Let’s Start from the begining,iam not going to teach you the entire accounting (i wish if icould !!)just basic that is required to learn Tally Definition of Accounting “Accounting is the art of recording ,classifying and summarising in a significant manner and in terms of money,transactions and event which are, in part at least ,of [...]