Accounting Features In Tally ERP 9

Accounting features in tally ERP 9 are crucial sections of business features. Tally ERP 9 comprises the various configurations and processes that are helpful for transactions between the accounts and generating the reports. Accounting features can be started with one tap (F11) function key. Tally Course in Chennai aims to cover the topics in Accounting Features in Tally ERP 9, Inventory, Sales Order, GST, etc.

Accounting features in tally ERP 9 software can be segregated into 6 different sections, they are:

1. Common or General
2. Leading Management
3. Cost/ ROI Centre Management
4. Invoicing Feature
5. Budgets Estimation Management
6. Other features of tally accounting

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Follow the steps to initiate Accounting Features

• Step: Tally Main > Gateway > F11 > Accounting Features
• Tap F1 from your keyword for Accounts 

After completing the above steps, the resulting screen will appear like below:

Add the below information on Company Operations Alteration Display:

General

• Manage important Accounts Only: You can go with the option for controlling the inventory account transactions.
• Combining inventory and accounts: If you want to add inventory balances from inventory management records, in that case, you can go with the Yes option.
• Utilize revenue and expense account rather than profit & loss account: You can go with this option when you want to show the revenue and expenditures accounts as a menu rather than of earnings and loss account.
• Approve Multi-Currency: If you desire to perform with multi-value currencies, then you can with this option.

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Leading Management

• Controlling and Maintaining bill-related information:
• Initiate Yield estimation:

Cost/ ROI Centre Management

• Manage Payroll Details:
• Controlling the cost centre:
• Consumer cost centre of work estimating:
• Utilize more cost categories instead of using one cost category:
• Utilize task-specific cost centre allotment in transactions:
• Display primary balance for income details in reports:

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Invoicing Feature

• Allow Invoicing:
• Store investments details in invoice format
• utilization of credit and debit entries
• Store debit entries in invoice format
• Store Credit entries in invoice format

Budgets Estimation Management

• Managing cost estimation and control
• Utilizing additional vouchers and shifting accounts

Banking

• Set/change transaction model
• Set/change banking model
• Activate cheque issuance
• Fixed/change post dates transaction peculiarities.

Other features of tally accounting

• Activate Enterprises logo
• Activated zero-rated transactions
• Managing various mailing information for ledgers and enterprises
• Mark replaced statements

Also Check: Tally vs. Excel: Choosing the Ideal Accounting Software

In Tally ERP 9 software, after activating all the needed accounting features for industry, tap ctrl+A to store the configured data.

Conclusion:

Here we discussed Accounting Features in Tally ERP 9. If you plan to get training in tally software, Tally Training in Coimbatore is the destination to get quality training.