Lesson 2: Fundamentals of Tally.ERP 9
Lesson Objectives
On completion of this lesson, you will be able to understand- Salient Features of Tally ERP 9
- Key Components of Tally ERP 9
- How to start and exit Tally ERP 9
- Setting up a company in Tall ERP 9
- Working with.companies in Taly ERP9.
2.1 Introduction
Tally ERP 9 is the worlds fastest and most powerful concurrent Multilingual business Accounting and Inventory Management software. Tally ERP 9, designed excursively to meet the needs of small and medium businesses, is a fully integrated, affordable and highly reliable software Tally. ERP 9 is easy to buy, quick to install, and easy to learn and use. Tally ERP 9 is designed to automate and integrate all your business operations, such as sales, finance, purchasing, inventory, and manufacturing. With Tally ERP 9, accurate, up-todate business information is literally at your fingertips anywhere. The powerful new features and blazing speed and power of Tally ERP 9 combined with enhanced MIS, Multi-lingual, Data Synchronization and Remote capacities help you simplify all your business processes easily and cost-effectively.2.1.1 Salient Features of Tally. ERP 9
- A leading accounting package: The first version of Tally was released in 1988 and through continuous development, is now recognized as one of the leading accounting packages across the world, with over a quarter million customers. Tally's market share is more than 90 % .
- No accounting codes: Unlike other computerized accounting packages which require numeric codes, Tally ERP 9 pioneered the 'no accounting codes concept. Tally ERP 9 users have the freedom to allocate meaningful names in plain English to their data items the system.
Complete business solution:
Tally ERP 9 provides a comprehensive solution to the accounting and inventory needs of a business. The package comprises financial accounting, book-keeping and inventory accounting. It also has various tools to extract, interpret and present data.
Iecratedl Non-integrated accounting and inventory:
With Tally ERP 9, the user is to choose between accounting and accounting with inventory. If accounting with inventory is opted for, the user can choose wetter it should be integrated or not.
Flexible and easy to use:
Tally ERP 9 is very flexible. It mimics the human thought process, which means that Tally ERP 9 can adapt to any business need. Tally ERP 9 users need not change the way their business is run to adapt to the package.
Speed
Tally. ERP 9 provides the capability to generate instant and accurate reports which assists the management to take timely and correct decisions for the overall productivity and growth of the company.
Power:Tally ERP 9 allows the use to maintain multiple companies and with unlimited levels of classification & grouping capabilities. It also allows drill down-facility from report which level to transaction level.
Flexibility
Tally.ERP 9 provides flexibility to generate instant reports for any given period (month/year) or at any point of time besides providing the facility to toggle between accounting & inventory reports of the same company or between companies.
Concurrent multi-lingual capability
Tally. ERP 9 offers you the exclusive capability of maintaining your accounts in any Indian language, viewing them in another language and printing them in yet another Indian language.
Real time processing
Immediate posting & updation of books of accounts as soon as the transactions are entered, thereby facilitating instant statements & Reports. It also facilitates real time multi user environment.
Versatility
Tally. ERP 9 is suitable for a range of organisations, from small grocery stores to large corporations with international locations.
Multi-platform availability
Tally.ERP 9 is available on Windows 95, 98,ME,2000 and NT. It runs on a single PC or on a network. On a network, it supports access via any combination of platforms.
Online Help
The Tally.ERP 9 online help (Alt+H) provides instant assistance on basic and advanced features or any other relevant topics of Tally.ERP 9.
Tally.NET
is an enabling framework which establishes a connection through which the remote use can access the. Client's data without copying / transferring the data.
Remote Access
Tally.ERP 9 provides remote capabilities to access the data frm anywhere and anytime.
Control Center
works as an interface between the user and Tally.ERP 9 installed at different sites and enables the use to centrally configure and administer Site/User belonging to an account.
Support Center
allows a user to directly post his support queries on the functional and technical aspects of the Product.
Auditor's Edition
Tally.ERP 9 office a special Auditors'Edition of Tally.ERP 9, which provides auditing and compliance exclusively for Chartered Accountants.
