Tally fundamental

 Tally is a computerized accounting software.

By this software some one can store his accounting data and also update it later. Tally is invented by shyam sundar goenka in 1988 at Talia company.

Version of the tally

1.Tally 3.0 :-this version is only for book keeping. this version is established in 1990.

2.Tally 3.12 :-this is accounting support version of the tally. this version is established in 1991 .

Tally 4.0:-this version is established in 1992.this version is dos based accounting software.

Tally 4.5:- this version of tally is invented in 1994.this is decision support system version of the tally. this version  support account only.

Tally 5.0:-this is the extended information system version. this is established in 1996.this version is window base.

tally 5.4:-this version is support accounting with inventory only. this version is established  in 1998.

Tally  6.3 :-this version is established in 2001.this version  support emailing service .this version support inventory only.

 Tally 7.2:-VAT IS ADDED in this version. this version is established in  2005.

tally 8.1:-this version is invented 2006. pay roll function is added in this version. 

Tally 9.0:-pay roll and regional language is added in this version. this version is invented in 2006.

tally 9.0 ERP—THIS IS COMPLETE SOLUTION OF BUSSINESS. THIS IS INVENTED IN 2009.ERP STANDS FOR ENTERPRISE RESOURCE PLANNING.

S A P : : : SYSTEM APPLICATION AND PRODUCT.

KINDS OF ACCOUNTING

1.PERSONAL ACCOUNT:-THIS ACCOUNT IS RELATED TO ANY PERSON OR FIRM A/C.

2.REAL ACCOUNT:-THIS TYPES OF ACCOUNT RELATED TO BULDING ,FURNITURE AND PLANT,VECHICALS,

LANDS ETC.

3.NOMINAL ACCOUNT:-THIS ACCOUNT RELETED TO ALL EXPENCES OR INCOME AND ALL PROFIT OR LOSS.

AS:::--DISCOUNT,COMMISION,.

 GOLDEN RULES OF ACCOUNTING

	REAL ACCOUNT	PERSONAL ACCOUNT	NOMINAL ACCOUNT
DEBIT	WHAT COMES IN	THE RECEIVER	EXPENSES &LOSSES
CREDIT	WHAT GOES OUT	THE GIVER	INCOME AND GAIN

VOUCHER :-VOCHER IS A DOCUMENT THAT INCLUDE THE INFORMATION ABOUT sales or purchase. Debtor or creditor

RECIEPT VOCHER:-RECIEPT VOCHER IS A DOCUMENT THAT INDICATES RECIEVE THE MONEY.

INVOICE OR BILL:-WHEN ASSETS OR SERVICES ARE SOLD,MAKE A VOUCHER .THIS VOUCHER IS GIVEN TO THE DEBTOR FOR PROOF THAT DOCUMENT IS CALLED INVOICE OR BILL. 

INVOICE FOR ASSETS.

BILL FOR SERVICES.

JOURNALS AND LEDGERS:- JOURNALS IS A BOOK.IN THIS BOOK WE CAN INDICATES ACCOUNTING SALES AND PURCHASE DATES.THIS IS THE PROCESS TO INDICATE SALES 

OR PURCHASE IS CALLED JOURNAL ENTRY.LEDGER IS A BOOK THAT INDICATE THE RECORD OF EVERY PERSON THAT CONNECTED SALE OR PURCHASE BY FIRM OR COMPNAY.

THERE ARE MAINLY TWO TYPES OF LEDGER.

:PURCHASE LEDGER:

:SALES LEDGER :