Creating Accounting Masters in Tally.ERP 9
What is Masters in Tally erp 9
On completion of this lesson, you will be able to understand.
- The basic functions of Tally ERP 9
- F11: Features & F12: Configurations
- Creating and Maintaining Chart of Accounts
- Entering the opening balances for Ledgers
After creating a Company with the required information, you can now enable/ modity Accounting & Inventory features and configurations. Creating Accounting Masters
Lesson Objectives
3.1 F11:Features
The F11: Features are Company-specific and the F12: Configurations are applicable to all the companies in a data directory. The F11: Features is divided into the following major categories:- Accounting Features
- inventory Features
- Statutory& Taxation
- Tally. NET Features
You can press F11 (functional key) from any screen of Tally.ERP 9 or you may also click on the F11: Features button available in the button bar, to enable the required features. The F11 Features are specific only to the company currently which the said feature is enabled) reby allowing flexibility of independently enabling different features for each of the company. Creating Accounting Masters
Go to Gateway of Tally > press F11: Features
 |
| F11: Features Menu |
The Company Features screen is displayed as shown.
There are various settings available under Accounting Features, Inventory Features and Statutory & Taxation Features, which facilitates the additional information to be entered during voucher entry. Creating Accounting Masters
F1: Accounting Features
The Accounting Features consists of configurations/ functionalities, which generally affects Accounting transactions and reports. The Accounting features is further sub-divided into six sections, namely.
- General
- Outstanding Management
- Cost/ Profit Centers Management
- Invoicing
- Budgets/ Scenario Management
- Other Features
Go to Gateway of Tally> F11: Features > Accounting Features or click on F1: Accounts. Creating Accounting Masters
