ACCOUNTING REPORTS IN TALLY

ACCOUNTING REPORTS IN TALLY

You can get reports of accounting by the following steps:-

Gateway of Tally

 1.   Balance Sheet

     2. Profit & Loss A/c

      3. Display – Trial Balance

     4. Display - Day book

     5.   Display – Account books - Ledgers

      6. Display – Statements of Accounts – Outstanding

      7. Display – Cash / Funds Flow

     8.  Display – List of Accounts

PURCHASE VOUCHER IN TALLY

PURCHASE VOUCHER (press F9)

Purchase is an voucher, normally used for credit transactions like purchase of goods from party (Creditors) on credit.

Particulars	Debit	Credit
Cr. Creditors Dr. Furniture & Fixtures Dr. Motor Car Dr. Machinery	(Amount)               (Amount)               (Amount)	(Amount)

 

Entry Rules: In a purchase voucher, only the transactions are on credit. The goods are purchased on credit from creditors. (No cash transactions are available in this voucher).

SALES VOUCHER IN TALLY

SALES VOUCHER (press F8)

Sales is an voucher, normally used for credit transactions like sales of goods to party (Debtors) on credit.

Particulars	Debit	Credit
Cr. Machinery Cr. Furniture & Fixtures Cr. Motor Car Dr. Debtors	(Amount)	(Amount)                    (Amount)                    (Amount)

Entry Rules: In a sales voucher, only the transactions are                 on credit. The goods are sold on credit to debtors. 

           (No cash transactions are available in this voucher).

JOURNAL VOUCHER IN TALLY

JOURNAL VOUCHER (press F7)

Journal is an adjustment voucher, normally used for non cash transactions like adjustment between ledger accounts.

Particulars	Debit	Credit
Dr. Depreciation Cr. Machinery Cr. Furniture & Fixtures Cr. Motor Car	(Amount)	(Amount)                  (Amount)                  (Amount)

Entry Rules: In a journal voucher, only non cash bank accounts (Ledger accounts other than Cash, Bank or Bank OCC) may be Debit. Later accounts may be either Debit or Credit. 

RECEIPT VOUCHER IN TALLY

RECEIPT VOUCHER (press F6)

All inflow of money (in cash or through bank) is recorded through receipt voucher. Such receipts may be towards any income, from debtors, Loans/Advances taken or Refund of Loans/Advances given earlier etc.

Particulars	Debit	Credit
Cr. Ledger A/c received from      Dr. Cash/Bank A/c	(Amount)	(Amount)

Entry Rules: The first entry is always credit (other than cash/ Bank/Bank OCC) and second entry on-wards you may specify debit/credit. Ledger A/c placed under the cash in hand, Bank A/c’s or Bank OCC group must be credited.

PAYMENT VOUCHER IN TALLY

PAYMENT VOUCHER (press F5)

All payments (by cash or through bank) are recorded in payment voucher. Such payments may be towards purchase, expenses, Acquisition of fixed assets, Dues to creditor, Loans/advances given by you or repayment of loans/advances taken by you earlier etc

Particulars	Debit	Credit
Dr. Ledger A/c paid to      Cr. Cash/Bank A/c	(Amount)	(Amount)

Entry Rules: The first entry is always debit (other than cash/ Bank/Bank OCC and second entry onwards you may specify debit/credit. Ledger A/c placed under the cash in hand, Bank A/cs or Bank OCC group must be credited.

CONTRA VOUCHER IN TALLY

CONTRA VOUCHER

Contra voucher is used for fund transfer between cash & bank accounts (ledger placed under groups; Cash in hand, Bank Accounts & Bank OCC) only. 

Following transactions should be entered in Contra voucher:- 

·      Cash deposited into bank: Cash outflow, equal inflow at Bank Account.

·      Cash withdrawn from bank: Outflow from bank account, equal cash inflow.

·      Cheque of one bank deposited to another bank: Outflow from one bank account equal inflow to another bank account.

·      Cash given to / received back from petty cash: Outflow from one cash account, equal inflow to another cash account.

VOUCHER RULES

The entries in Contra Voucher follow the rule shown below:

Particulars	Debit	Credit
Cr  Source of Funds Dr Destination of funds	(Amount)	(Amount)

Entry Rules: The 1^st entry is always credit. From 2^nd  entry on-wards you may Debit or Credit a ledger Cash, Bank Accounts and Bank OCC Group only.