TALLY KYA HAI. PURA JANKARI SIKHE HISTORY OF TALLY.

 Tally7.2

Tally is an accounting software, in the all accounting software. tally is the most easiest and standardizes . it one whit all accounting option and requirement are fulfilled  efficiency by tally package an it is MS-DOS and window based accounting package tally is multi user accounting software.

“Tally is a accounting package, It is based on double   entry system, debit and credit.”

“Tally is a complete business solution.”

Why we do the tally?

Tally is an inexpensive, time sever and complete business solution.

Tally silver for single user.

Single user licensing allows the development of tally on a single computer, with an option of activating. It online or offline you can also choose to use the some tally on other computer by single user.

Tally gold for multi user.

Tally user licensing figure facilitates the user of tally on any of computer connected to local area network (LAN).

Tally versions of tally.

  4.0:- Only a/c with based on dos.

  4.5:- Only a/c with based on   dos/windows.

  5.4:- Only a/c with based on   dos/windows and inventory.

  6.3:- Only a/c with based on   dos/windows and inventory, print.

  7.2:- Only a/c with based on   dos/windows and inventory, print  vat.

  8.1:- Only a/c with based on   dos/windows and inventory, print  vat invoicing in               many language.              

  9.0:- Only a/c with based on   dos/windows and inventory, print  vat invoicing in many language  FBT, TCS, TDS, PAYROLL.

Double entry system.

Double entry accounting is a system of records transaction in a way that maintains the equality of the accounting equation.

Accounting system.

Information technology has changed the way business is conducted, management have to make strategic business decision quickly on effective accounting system must support the management in making these decisions.

Benefits of accounting on computer.

As an organization grows, maintaining accounts, manually become a time consuming and costly process, several people most be employee to maintain account, possibly at different location.

Factors contributing to change.

Changing business :-

needs 

Faster of growth in organization coupled with new regulation such as the introduction of value added tax (vat).

Changing technology.

As technology becomes economically viable, an organization can use new technology to its advantage, the time required due to improved pass a voucher and update records. 

Better business processes.

When the organization adopts business processes. that enable easy coordination of information and workflow, the accounting system must change to interface with other system and add overall value to the business.

Competivity  advantage.

The improved quality and pace of information dissemination results in a better product of service, giving the organization a competitive advantage.

“challenging associated with accounting on computers”

Capturing business accounting needs.

The frequently asked questions of accounting on computers is whether it can address all the accounting need to the business and the operational requirements of an accountant.

Implementation.

It is assumed that the process of implement accounting system on computer is a time consuming affair.

Rigidity.

Accounting on computer is often believed to introduced rigidity, business process are usually force fitted to suit the need to suit the needs of the computerized accounting system. 

Security.

The data in accounting on computers must be protected against physical security threats. 

The History of Tally;

Tally’s software business was set up in 1986 by Late. S.S. Goenka, who was the company Peutronics Pvt. Ltd. He mentored his son Bharat Goenka in creating software that would handle the financial account for his business determined to discover a way to simplify business accounting software, Bharat sent months researching and developing path breaking technologies to achieve his goal, his success led to the development of the commercial and Peutrocs Pvt. Ltd. (Banglore) was changed to tally solutions a company chat would go on to set new standard of excellence in business accounting, as India’s No. 1 software developer.

Account?

1. Account the art of recording, classifying and summering, in a significant manner and in term of money transaction and events which are, in part at least.

2. The process of identifying, measuring records and communicating the required information relating to the economic event of an organization.

3. Accounting is a comprehensive system to collected analyses and communication financial information.

Transaction:-

Transaction is a process in hi exchange need between two person is called transaction.

Supplier:-

A person who sell goods and service for cash on credit is called supplier.

Customer:-

A person who purchases goods and service for cash or on credit is called customer.

Basic of accounting:-

There are two type of accounting.

1. Personal account

2. impersonal account

Personal account:- Those account related to person institution and individual person is called  person account.

There are three types of personal account:-

  Natural personal account ()

  Artificial personal account ()

  Representative personal account ()

Natural personal account:-  

Those account related to person is called natural account. as:- only names.

 

Artificial personal account:- 

those account relate to institution, form, school, hospital, companies, firms, bank etc. is called artificial a/c.

Representative personal account:- 

 Those a/c represented a certain person is called representative a/c.

Impersonal account:- 

Those a/c relate to goods, cash, assets, profit and loss & expenditure are called impersonal a/c.

 

Those are two type of impersonal account .

1. Real account.

2. Nominal account.

1. Real account:-  Those account related to assets like as goods, cash and assets, is called real account.

Those ate two types of real account

a. Tangible assets:- Those assets we can touch, feel and seen are called tangible assets. as:- computer, furniture, telephone, van etc.

b. Intangible assets:- Those account assets we can’t touch, feel and seen are called intangible  assets. as:-  goodwill.

2. Nominal accounts:-  Those account related to income, profit and loss & expenditure are called nominal account. as:- rent paid, commission received.

Golden rule:- 

Real a/c :- cash, building, company, furniture.

Personal a/c: – bank, supplier, customers, lenders, ram, shyam any name.

Nominal a/c :- sales, cost of goods sold, salary, expenses, drawings, wages, commissions.

Purchase always debit side & Purchase return always credit side.