Tally 9 Help and Information » Uncategorized

RBI hikes interest rates and CRR

ashwin — Tue, 29 Jul 2008 15:24:16 +0000

RBI Governor Y V Reddy hiked cash reserve ratio by 0.25 per cent to 8.75 per cent and the short-term lending (repo) rate by 0.50 pre cent to 9.00 per cent. This could instigate banks and other Institutions to increase the rates by 1 %

Consumers may have to fork out up to Rs 1,500 more every month for a home loan of Rs 20 lakh, as bankers say that interest rates could go up by 0.5-1 per cent after RBI’s hawkish policy aimed at containing inflation. Repayments may increase by over Rs 3.5 lakh (Rs 350,000) over a 20-year period on a Rs 20 lakh (Rs 2 million) home loan, if the bankers hike interest rates by up to 1 per cent.

So Guys be prepared to fork in more money.

Check this interesting Article http://www.rediff.com/money/2008/jul/29cred3.htm

Tally announces BAP program for chartered Accountants

ashwin — Tue, 22 Jul 2008 07:51:46 +0000

The latest initiative of the CIT is to offer exposure to Business Advisory Services on Tally in association with M/s. Tally Solutions Pvt. Ltd. (TSPL). ICAI members would be able to join the Tally Business Advisory Program (BAP) to offer value added services to their clients, as a part of this initiative.

TallyNet services hosted by TSPL would provide technology updates and tools for professional accountants for Compliance Services (TDS/ FBT/ VAT) and IT Assisted Audit Services for Tally.

The first pilot training session was also conducted in Delhi. Further details will be made available soon from the company as well Institute of Chartered Accountants from india.

http://isaicai.org/Tally_BAP_workshop.pdf

User defined Voucher types in Tally9

admin — Thu, 29 May 2008 05:30:00 +0000

Did you know…?

If you have created user-defined voucher types and want to add more during voucher entry, Tally allows you to do so.

In the voucher entry screen, as shown below, press Alt+C before selecting Voucher Type from the list

This leads to Voucher Type Creation (Secondary) screen that allows you to create a new voucher type.

Difference between Financial Year and Books beginning from in Tally 9

admin — Thu, 29 May 2008 05:26:00 +0000

What do the following fields indicate?

Financial Year From – indicates the start of the financial year for the company, in this case, 1^st April 2005

Books Beginning From – The date entered in this field will restrict the user from passing any entry prior to this date. In other words no voucher can be passed before 1^st July 2005, though the financial year begins from 1^st April 2005.

Tally 9 Copy Narration

admin — Thu, 29 May 2008 05:25:00 +0000

Do you know…?

In Tally, you can recall the current voucher’s narration in two ways.

a) Press Ctrl+R to recall the previously saved voucher.

b) Press Alt + R to recall the previously saved voucher for the first ledger in the current voucher.

For example, in a payment voucher, you can save the first voucher debiting Conveyance as shown in the following figure with narration as “Conveyance charges paid”

The second voucher is entered, debiting Staff Welfare with narration “Staff welfare paid”

The third voucher is entered, debiting Conveyance.

Press Ctrl+R to recall the previous voucher’s narration, Staff welfare paid, or press Alt+R to recall the previous voucher narration for Conveyance ledger, Conveyance charges paid.

In the narration field, press Ctrl+ or Ctrl +  to navigate to the first letter of the word.

Groups and Sub Groups in Tally Unlimited Imagination

admin — Sun, 04 May 2008 15:32:00 +0000

The levels you can create in Tally is only limited by your imagination

Tally does not restrict a user from creating any number of groups, sub-groups and ledgers, in a chart of accounts.

Consider a business where you need to know the status of your receivables region wise across the country. You could create your own accounting group / ledger under pre- defined / primary group - Sundry Debtors as shown

Tally Bank Reconciliation Feature Do more

admin — Sun, 04 May 2008 15:27:00 +0000

Use an Effective Date for Bank Reconciliation: Say a company has data of the current year and/or previous year and you want to use the bank reconciliation facility from a cut off date, for example, 1^st October 2005. By specifying this date in the field “Effective date for Reconciliation,” the vouchers for reconciliation will be considered only from the specified date.

Copy voucher from one company to another in Tally 9

admin — Sat, 03 May 2008 17:21:00 +0000

Did you know …?

Consider that more than one company is loaded (selected) in Tally (eg., TSPL (HO) and ABC & Company). Assuming the user is in the voucher entry screen of TSPL (HO), but wants to pass a payment voucher for ABC & Company; Tally provides the flexibility to do so from the voucher screen itself

Press F3:Company and from the List of companies, select ABC & Company to change to Current Company and press Enter.

The voucher screen displays ABC & Company now select the ledgers and when saved, it is updated in ABC & Company.

After saving the voucher, Tally returns to TSPL (HO) voucher entry screen.

Note:
Using this feature in Tally, the user can copy (export) a voucher to another company, or copy the voucher and alter the information in the destination company. The master from within the voucher can also be copied to the new company. Use Ctrl + Enter to bring up the ledger alteration (secondary) screen.

http://www.winjit.com/ Winjit technologies is an authorized service centre of Tally. We provide various services on Customization in Tally 7.2, 9.0.Please email tally@winjit.com

For all your customisations, Tally Customisations. Support Inquries, Call Us on 91-253-6614789 / 6614786

Digging Feature of Tally 9

admin — Sat, 03 May 2008 17:11:00 +0000

Did you know…?

To view the details of the current voucher in reports where transactions are listed, highlight the transaction and press Enter. To view details of the following voucher, press Page down button. Press Page up button to view details of the previous voucher (prior to the current one).

Consider the following Daybook report.

Highlight the transaction as shown. Press Enter. Voucher Alteration (Secondary) screen displays. Press Page down to view Receipt No. 3 and press Page Up to view Payment No.3 in voucher detail.

ETDS and Help in Tally9

admin — Wed, 30 Nov -0001 00:00:00 +0000

Procedure for generating e-TDS/e-TCS forms in Tally.
To generate the above report, you need to have the “File Validation Utility” files. These files are available in the website of NSDL (National Securities Depository Limited) who has developed to verify whether the e-TDS return files prepared by the deductors / collectors conform to the prescribed format.
There are two separate files available for validating the e-TDS which can be downloaded from the site.
1.
File Validation Utility for Quarterly Returns
2.
File Validation Utility for Annual Returns
Note: The e-TDS/TCS FVU is a Java based utility.JRE (Java Run-time Environment),versions:
SUN JRE: http://java.sun.com/products/archive/j2se/1.4.2_03/index.html or
http://java.sun.com/products/archive/j2se/1.4.2_04/index.html or
http://java.sun.com/products/archive/j2se/1.4.2_02/index.html or
IBM JRE: http://www-128.ibm.com/developerworks/java/jdk/
should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely
downloadable from : http://java.sun.com and
http://www.ibm.com/developerworks/java/jdk or
you can ask your vendor providing computer facilities (hardware) to install the same for you.
1.
File Validation Utility for Quarterly Returns:

Once you download the above file and execute the same, the following three files would be extracted, viz,
1.
TDS FVU Readme.rtf:This file contains instructions for setup of the e-TDS FVU.
2.
e-TDS FVU Setup.exe:This is a setup program for installation of FVU.
3.
TDS_FVU_STANDALONE.jar:This is the FVU program file.
These files are required for installing the e-TDS/TCS FVU
Save the above three files in the Tally folder. Double click “TDS FVU Setup.exe” file > It will prompt with a message “Successfully created TDS_FVU.bat” and will create a batch file of the same name.
Steps to generate Quarterly e-TDS Returns:
1.
Reconcile the TDS ledger(s). i.e., from Gateway of Tally go to Display > Statement of Accounts > TDS Outstandings > TDS Computations > Select a TDS ledger > Press Alt+F5 or Click on “F5 Challan Reconcile” button available on the right side.
2.
Next, it will list the TDS payment voucher. Update the following fields for each payment made, i.e.,

Bank Challan No.
Challan Date.
Bank Name.
BSR Code.
3.
Save the above updation. (Accept = Yes)
4.
Next, Gateway of Tally > Display > Statutory Reports > TDS Reports > ETDS Forms > Report Generation (Export Screen) will appear.
5.
Enter the details for the following fields:
6.
Format: SDF (Fixed Width)

Output File Name : Tally.txt
Personal Responsible details: Fill in the same
Other Details: For e.g. if you are exporting for a quarter i.e., Apr to Jun,
Mention the period from: 1-4-2007 To: 30-6-2007
Challan Date: 7-7-2007 (E.g.)
Form Name: 26Q [Other forms that can be exported are Form 26, 27 & 27Q]
Enter Place & Date (E.g. Bangalore, 7-7-2007]
Upload Type: Regular
Export = Yes
7.
Go to Tally folder > Open NSDL Utility file (i.e.,) Run the batch file ‘TDS_FVU.bat’ > a pop-up window will appear [see picture below] > Under “Input File Name with Path” mention the exported file name with path (for e.g. D:\Tally\tally.txt). Under “Error/Upload & Statistics Report File Path” mention the path of tally folder (e.g. D:\Tally\)

8.
Next highlight on “Validate” button and Click the same or press Enter. > If the information fed by you is correct > You will get a ‘success’ message (as per the picture below), and a file named ‘Tally.html’ will be generated in Tally folder. Open this file to view the e-TDS form.

9.
If the information fed by you is not correct, you will get an error message stating the reason for failure (see, an e.g. error message picture below), and a file named ‘Tallyerr.html’ will be generated in tally folder. Open this file to view the details of error message and rectify accordingly.

Please note that the following fields are mandatory (with valid data):
1.
Company TAN No.

IT No.
Address (without special characters)
State
PIN
Telephone No.
E-mail ID
2.
Party’s IT No.

Address (without special characters)
State
PIN
3.
Person Responsible details in Export Configuration.
4.
Challan Reconciliation with valid data in all columns (eg. If Cheque no. is 000012, then it has to be entered as same and not just 12)
5.
Selection of proper Date range and Challan Till in the Export Configuration.

http://www.winjit.com/ Winjit technologies is an authorized service centre of Tally. We provide various services on Customization in Tally 7.2, 9.0.Please email tally@winjit.com

For all your customisations, Tally Customisations. Support Inquries, Call US