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TallyEssential Level 2

This book from the house of Tally, India’s leading business management software solution company, is a comprehensive book for TallyEssential Level 1 certification program. The content is created on our new product ‘TallyPrime’. The new product TallyPrime is a revolutionary product which has been created with the objectives of Simplify the Simplest, Greater Flexibility, New Look and Feel and our book also describe the same. It provides step-by-step instructions starting from download and installation, company creation, maintaining chart of accounts, recording business transactions and generation of financial reports, banking solutions and securing business data. The book is enriched with numerous real business scenarios, charts, screenshots, observations, solved illustrations and practice scenarios to help the learner experience the simplicity and the power of technology of working on TallyPrime. Upon solving these live business scenarios, the learner will be able to understand the intricacies of business operations and would be equipped to handle such transactions in the daily work environment with ease. This book is highly recommended for learners who aspire to build a successful career in Finance and Accounts or as an entrepreneur.

Features

Author Tally Education Pvt. Ltd.
Language English
Binding Paperback
Publisher Sahaj Enterprises
ISBN
Year of Publishing 2021
Pages 336
Dimensions

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Table of Contents

  • 1.1 Introduction2
  • 1.2 Supply Chain2
    • 1.2.1 Types of Suppliers 3
  • 1.3 Inventory Management 4
    • 1.3.1 Terms Used in Inventory Management 5
  • 1.4 Inventory Masters in TallyPrime 6
    • 1.4.1 Company Creation in TallyPrime 7
    • 1.4.2 Introduction of Capital into a Business10
    • 1.4.3 Creation of Inventory Masters in TallyPrime13
  • 1.5 Tracking of Movements of Goods in Batches/Lots24
    • 1.5.1 Activation of Batches/Lots for Stock Items25
      • 1.5.1.1 Allocation of Batch/Lot Details in Purchase Invoice28
      • 1.5.1.2 Selling of Stock Items Batch/Lot37
      • 1.5.1.3 Identifying of Expired Batch in Sales Invoice42
      • 1.5.1.4Returning of Expired Batch Stock Items46
    • 1.5.2Batch Reports51
      • 1.5.2.1Batch Voucher Report51
      • 1.5.2.2Batch Summary Report53
  • 1.6Price Levels and Price Lists53
    • 1.6.1Activating Price Lists and Defining of Price Levels54
    • 1.6.2Creation of Price List56
    • 1.6.3Price Level & Price List usage in Sales Voucher63
    • 1.6.4Revise Price List69
  • Key Takeaways76
  • Shortcut Keys77
  • Practice Exercises77
  • 2.1 Introduction80
  • 2.2 Accounts Payable and Receivable80
  • 2.3 Maintain Bill-wise Entry83
  • 2.4 Activation of Bill-wise Entry48
    • 2.4.1 Usage of Bill-wise entry in Purchase and Payment Voucher 84
    • 2.4.2 Usage of Bill-wise entry in Sales and Receipt Voucher 96
    • 2.4.3Usage of Bill-wise entry in Payment and Receipt Voucher 104
    • 2.4.4Usage of Bill-wise entry - On Account.115
  • 2.5Specifying of Credit Limit for Parties 119
    • 2.5.1Specifying Credit Limit for Individual Ledger120
    • 2.5.2Specifying Credit Limit for Multiple Ledger122
    • 2.5.33 Sales Voucher Restriction Based on Credit Limit124
  • 2.6Splitting of Credit Sale Into Multiple Bills126
  • 2.7Payment Performance of Debtors129
  • 2.8Bills Payable and Receivable Reports in TallyPrime131
    • 2.8.1Bills Receivable132
    • 2.8.2Ageing Analysis of Outstanding134
    • 2.8.3Generating Reminder Letter in TallyPrime135
    • 2.8.4Generating Confirmation of Accounts in TallyPrime.139
    • 2.8.5Bills Settlement141
    • 2.8.6Bills Payables145
  • Key Takeaways148
  • Shortcut Keys149
  • Practice Exercises149
  • 3.1 Introduction152
  • 3.2 Purchase Order Processing152
    • 3.2.1 Recording of Purchase Order154
    • 3.2.2 Recording of Receipt Note Vouche161
    • 3.2.3 Recording Rejections Out Voucher166
    • 3.2.4 Recording Purchase Voucher168
    • 3.2.5 Recording Debit Note Voucher171
    • 3.2.6 Recording Payment Voucher174
  • 3.3 Sales Order Processing175
    • 3.3.1 Recording of Sales Order In TallyPrime177
      • 3.3.1.1 Printing of Quotation181
    • 3.3.2 Recording Delivery Note Voucher183
    • 3.3.3 Recording Rejections In Voucher187
    • 3.3.4 Recording of Sales Voucher189
    • 3.3.5 Recording Receipt Voucher191
  • 3.4 Order Outstandings193
    • 3.4.1 Sales Order Outstanding193
    • 3.4.2 Purchase Order Outstanding195
    • 3.4.3 Pre-Closure of Orders196
  • 3.5 Reorder Level198
    • 3.5.1 Display Reorder Status202
  • 3.6 Godown Transfer in TallyPrime204
  • Key Takeaways210
  • Shortcut Keys211
  • Practice Exercises211
  • 4.1 Introduction214
  • 4.2 Configuration of Additional Cost of Purchases in TallyPrime214
    • 4.2.1 Purchase Transaction with Additional Cost Details in Voucher Mode215
    • 4.2.2 Purchase Transaction with Additional Cost Details in Item Invoice Mod220
    • 4.2.3 Debit Note Voucher with Additional Cost224
  • Key Takeaways230
  • Shortcut Keys231
  • Practice Exercises231
  • 5.1 Introduction234
  • 5.2 Cost Centre and Cost Categories234
    • 5.2.1 Activation of Cost Centre235
    • 5.2.2 Allocation of Expenses and Incomes using Cost Centre 238
    • 5.2.3Cost Centre Classes (Automatic Allocation) 244
    • 5.2.4Allocation of Expenses to Multiple Cost Centres and Cost Categories 250
      • 5.2.4.1Creation of Cost Category250
      • 5.2.4.2Recording of Transaction and Allocation of Expenses253
  • 5.3Cost Centre Reports256
    • 5.3.1Category Summary257
    • 5.3.2Cost Centre Break-up258
    • 5.3.3Ledger Break-up258
    • 5.3.4Group Break-up259
  • Key Takeaways262
  • Shortcut Keys262
  • Practice Exercises262
  • 6.1 Introduction266
  • 6.2 Creation of Budget268
  • 6.3 Recording Transactions273
  • 6.4 Display Budgets and Variances Reports for Group Budget278
  • 6.5 Scenario Management280
    • 6.5.1 Creation of Scenario281
    • 6.5.2 Temporary Inclusion of Reversing Journal Voucher In the Reports285
  • Key Takeaways290
  • Shortcut Keys291
  • Practice Exercises.291
  • 7.1 Introduction294
  • 7.2 On the Fly Reporting294
    • 7.2.1 Bird's eye View/Drill Down Display297
    • 7.2.2Drill Down Display301
    • 7.2.3Date/Period Based Reporting & Comparing304
  • 7.3Inventory Reports309
    • 7.3.1Stock Summary309
    • 7.3.2Godown-wise Stock Availability315
    • 7.3.3Movement Analysis315
    • 7.3.4Stock Query316
  • 7.4Financial Reports319
    • 7.4.1Balance Sheet319
    • 7.4.2Profit & Loss A/c321
  • 7.5Books & Registers321
    • 7.5.1Sales Register322
    • 7.5.2Purchase Register325
  • 7.6Printing of Invoice and Report326
  • Key Takeaways330
  • Shortcut Keys331
  • Practice Exercises332

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