#Tally notes basic accounting registration

identify DealerвЂ™s Registration Type and use as a Unique Id to Upload There business Sales Transaction over GST Portal. GSTIN stands for Goods and Services Tax Identity Number. There are two types of registration for business Dealers according to there Business turnover.ДЎ.Registered Dealer:- For Large Business HolderДў.Composite Dealer:- For small Business holder What is GSTIN?

#Tally notes basic accounting code

Which product or Services come under which Tax rate slab is defined by HSN/SAC code System GST Registration type for Dealer.

GST council of India defines some tax rate slab for Product and Services like 0%, 5%, 18% or 28% are known as GST rate.

It is used to identify which services come under which GST rate slab.Д®xample:- 996812 is SAC for Courier Services GST Rate

SAC:вЂ“ SAC means Services Accounting Code.

HSN:-HSN means Harmonized System of Nomenclature code used for classifying the goods under the GST.Д®xample:- 8517 is HSN code for Mobile Phones.

Intrastate GST:- When a Transaction made within State.

Interstate GST:- When a Transaction made with other states.

Goods and Services Tax (GST)В is anВ indirect taxВ that was introduced in India on 1 July 2017 and applicable throughout India which replaced multiple cascading taxes levied by theВ central and state governments.

Reports ( View Reports about Trade) What is GST? Utility (To Backup, Restore and Banking Record)Д¤. Transaction (To Record Business Trade-In Vouchers)ДЈ. Master (To Create Ledger, Stock Item and other Master Item)Дў. The income taxВ returns are filed and taxes for a company are usually paid in the next yearВ after the end of the Financial Year Gateway of Tally It has four SectionДЎ. Note:- The periodВ from 1 st April to Next Year 31 st March is known as the Financial YearВ or Fiscal Year.

Book beginning from :- Business Starting Date (Opening date for Trade).

Financial Year beginning from :- Type Your Financial Year beginning date.

Info(Alt+F3) > Alter> (Choose Your company form list and press Enter to Edit) > from here you can edit your company information, To delete a company Press Alt+D) Create Company Sheet Option In Create Company Sheet To create a new Company in Tally.ERP9 Click on Create Company option from Company Info. Restore :- Restore Data from a backup file for a company To create a new company in Tally.ERP9 Login as Remote User :- Work over cloud Server.Д«ackup :вЂ“ To Create Backup of an existing company. Sheet and its workД¬reate Company :вЂ“ To Create a New Company Sheet provides Option to control over Company in Tally. To Create a Company in Tally.ERP9 means provide basic Information about that farm or Company, which record we want to maintain like Farm Name, Financial Year, Address, Contact Detail etc. To Record business Trade in Tally.ERP9 we need to create a company. Press Ctrl + Q First Screen of Tally.ERP9 to start your work Key Board Manners in Tally.ERP9 Creating Company In Tally.ERP9 Press Esc Key until you get Quit Dialog box then press Enter or Y Or Click on Work in Education Mode option with mouse.

#Tally notes basic accounting how to

Watch this video for More about Tally License How to open Tally.ERP9 in Education Mode

#Tally notes basic accounting download

You can download Tally.ERP9 free of cost from its site ДЇor more detail watch this video Tally.ERP9 License.

In 2009, the company released Tally.ERP9, a business management solution. In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9. In 1999, the company formally changed its name to Tally Solutions. It had only basic accounting functions and was named Peutronics Financial Accountant.

#Tally notes basic accounting software

The first version of the accounting software was launched as a MS-DOS application. He was unable to find software that could manage his books of accounts, he asked his son, Bharat Goenka, a Maths graduateВ to create a software application that would handle financial accounts for his business. Also view: Tally Payroll Video Tutorial in Hindi

Tally Solutions previously known as PeutronicsВ was co-founded in 1986 byВ Shyam Sunder Goenka and his son Bharat Goenka.В Shyam Sundar Goenka was running a company that supplied raw materials and machine parts to plants and textile mills in southern and eastern India. Meaning of FA (Financial Accounting) SoftwareДЇA software is used to store and maintain daily business transactions like Purchases, Sales, Receipts, Payments, Purchases returns, Sales returns, Deposits and Withdrawal etc. ItвЂ™s headquartered is in Bengaluru, Karnataka-India. Tally.ERP9 is a FA (Financial Accounting) software with ERP (Enterprise Resource Planning) feature developed by Tally Solutions Pvt.