What Are The Basic Accounting Entries In Tally Erp 9?

By Author: Prerna Mehta
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Tally.ERP 9 software lets you record your company’s transactions on a daily basis. This software is useful in maintaining Accounts, Statutory compliance, and Inventory. Tally.ERP 9 is the most trusted accounting software used by organizations worldwide. Tally has made accounting simple and convenient. It is very easy to learn, even if you are new to accounting you can, anytime, take up Tally Classes in Delhi to get acquainted with all the tips and tricks of using Tally.ERP 9.

If you are operating Tally.ERP 9, you must know what are the basic accounting entries in Tally. ERP 9. However, if you are new to it, then read through our article to find out about the types of accounting entries in Tally.ERP 9.

Common Accounting Vouchers:

#1. Sales Voucher

It is a type of accounting voucher which is widely used in Tally. ERP 9. Depending on the sector your company belongs, a Sales voucher can be created in the Voucher mode or Invoice mode. The sales voucher mode is used to simply record the transactions, and when you are not required ...
... to print and share information with the customer. On the other hand, in the sales invoice mode, you can make a copy and provide it to your customers.

#2. Purchase Voucher

This entry can also be done either in the Voucher or Invoice mode. Your company profile defines the mode of purchase voucher. It is one of the commonly used accounting vouchers Tally. For a new user of Tally.ERP 9, it may be difficult to remember the mode of purchase vouchers at a time. No worries! The tally comes with many convenient shortcuts to help you out in the time of need.

If you want to change the mode of any purchase voucher in the last second, Tally.ERP 9 gives the option to do so with the use of a Toggle button. You can Update more details by pressing F12.

#3. Payment Vouchers

The Payment Vouchers are created while making payment to your clients, you can even print the cheque and provide the instrument number. You can print the cheque at an instant you create a Payment Voucher, no time-lapse. Tally provides different types of cheques which are usually printed in a business. To see the list, click on the Banking section and select cheque Printing.

Tally.ERP 9 can create cheque for over 500 banks. You can create a Payment Advice and share it with your customers to update them with all your payments.

#4 Receipt Voucher

You can record details of any payment made by a customer. Whether it is done via cash or cheque or NEFT/RTGS. You can also record the instrument numbers in it. Tally.ERP 9 gives you the option of mailing this information directly to your customers. This helps in keeping a track of all payments done by customers.

#5 Contra Voucher

Contra Vouchers are used to withdraw or deposit cash to banks. Every small or medium-size business uses contra vouchers. Now, generating a cash deposit slip gets easier with Tally.ERP 9. Track and print the denomination of notes while depositing your money.

#6 Journal Voucher

The Journal Voucher has multiple usages for different types of businesses. Some use them for sales and purchases as well. Journal vouchers in Tally.ERP 9 comes in two types i.e. inventory and accounting.

#7 Credit Note Voucher

This Voucher is used mainly for sales return. The credit not enabled unless you use it. For enabling this voucher and configuring the features, Press F11. While creating a Credit Note, if you wish to make reference to the original invoice number, you can. After the selection of a party, all the invoices will pop up, which have been created against that particular party.

It is evident that, training in Tally.ERP 9 is very important as there are several other complex functions that only a trainer can make you understand. Therefore, join Tally training in Delhi for a better learning experience.