Example Voucher SUM Tally Prime in Tamil

Accounting in Tally Prime or Tally Prime accounting enables managing your accounting entities, inventory movements, financial & banking transactions, and provides real-time reports on all these.

Tally Prime classifies transactions as accounting or inventory based on the nature of the accounting entries and the accounts they affect. The generic category Accounting in TallyPrime includes the chart of accounts, journal entries, contra vouchers, and other vouchers used for checking the impact of notional transactions without immediately affecting your accounts. Other features covered under the section include the accounting and financial reports in TallyPrime, Banking Utilities, options to control your finances, facility to manage use of different currencies in your business, calculation of interest for the receivables, and options to check the accuracy of accounting entries. You also get a Statistics report that displays the summary of the types of accounts and vouchers in your accounts.

Create Company

To get started with Tally Prime, you need to first create your company to keep a record of all your day-to-day business transactions. To create the company, you need the company name and financial year information. You can enter all other details such as contact information, security, while creating the company or any time later.

How to create a company in Tally Prime

In tally, after login double click on the create company option under company information.
Go to Top Menu -> Company -> Create -> Enter

Ledger in Tally Prime

Ledgers in Tally Prime The ledgers in Tally Prime or in the Books of Accounts affect assets, liabilities, income or expenses. Tally Prime can generate a Profit & Loss A/c and Balance Sheet immediately after a transaction has been entered. It can also generate a range of comprehensive financial statements and reports.

Create a single ledger

Press Alt+G (Go To) -> Create Master -> type or select Ledger and press Enter.
Alternatively, Gateway of Tally -> Create -> type or select Ledger and press Enter.

Enter the Name of the ledger account.
Duplicate names are not allowed.

Enter the alias of the ledger account, if required.
You can access the ledgers using the original name or the alias name

Select a group category from the List of Groups.

Enter the Opening Balance.
The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the books beginning date.

Press Ctrl + A to save, as always

Voucher in Tally Prime

There are 24 pre-defined voucher types in Tally Prime for accounting, inventory, payroll and orders. You can create more voucher types under these pre-defined voucher types as per your business needs.
For example, for cash payments and bank payments, the predefined voucher type is Payment Voucher. You can also have two or more sales voucher types in Tally Prime for different kinds of sales transactions. For example, credit sales, cash sales, and so on.

Payment Voucher in Tally Prime

A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.

Payment voucher- It is also called a debit voucher. A payment voucher is used to keep a record of payments made in cash or through the bank.

Some of the instances when a payment voucher is prepared are:

Payment of expenses such as rent, security, operating expenses, printing and stationery, etc.
Payment for purchase of raw material

Payment of expenses such as rent, security, operating expenses, printing and stationery, etc.
Payment for purchase of raw material

How to Use Payment Voucher in Tally Prime

Gateway of Tally -> Voucher -> Payment Voucher(F5) or F10: Other Voucher -> Payment voucher

Create ->Secondary ledger press Alt +C

Accept the screen. As always, press Ctrl+A to Save.

follow the above steps for following transaction.
Apr 05 An amount paid to M/s.Raveena was Rs.20000 against bill no:40.
Apr 11 Paid printing & stationary was Rs.500.
June 01 Paid salary Rs.2000.
Sep 01 Paid Wages Rs.200.

Receipt Voucher in Tally Prime

The receipt is the act of receiving, or the fact of having been received while voucher is a piece of paper that entitles the holder to a discount, or that can be exchanged for goods and services.

Receipt voucher- It is also called a credit voucher. A receipt voucher is used to keep a record of cash or bank receipt.

Some of the instances when a receipt voucher is prepared are:

Cash sales, Customer advances received, Receipt of interest, rent, etc.Refund of tax

How to Use Receipt Voucher in Tally Prime

Gateway of Tally -> Voucher -> Receipt Voucher(F6) or F10: Other Voucher -> Receipt Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

follow the above steps for following transaction.
July 01 Commission received Rs.750.
Aug 21 Amount received from Mr.Beam & Co was Rs.20000 by cheque against bill no:005.
Sep 11 Bank loan received Rs.150000.

Purchase Voucher in Tally Prime

Whenever you purchase a product or service, you record the purchase entry. In tally, this is recorded through the purchase voucher. It is also one of the most widely used vouchers in tally. There are two modes for accounting in purchase vouchers- Invoice mode and Voucher mode, as mentioned in the sales voucher

You may do a simple cash purchase or purchase on credit. For each purchase transaction, you will need to keep a record of the items you bought, payments made, goods returned, and so on.

How to Use Purchase Voucher in Tally Prime

Gateway of Tally -> Voucher -> Purchase Voucher(F9) or F10: Other Voucher ->Purchase Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

Sales Voucher in Tally Prime

Whenever you sell a product or service, you record sales entries. In tally, the sales are recorded through the sales voucher. It is one of the most widely used accounting vouchers in tally. There are two modes for accounting in sales vouchers- Invoice mode and Voucher mode.

How to Use Sales Voucher in Tally Prime

Gateway of Tally -> Voucher -> Sales Voucher(F8) or F10: Other Voucher ->Sales Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

Debit Note Voucher in Tally Prime

Debit Note entry is passed when there is a purchase return transaction. This voucher is deactivated by default. You can activate it by pressing F11 and configuring its features. You can refer to the original purchase invoice against which this entry is passed for maintaining track of such transactions. When a party is selected, you will come across the list of invoices against which this Debit note voucher is used

How to Use Debit Note in Tally Prime

Gateway of Tally -> Voucher -> Debit Note(Alt+F5) or F10: Other Voucher ->Debit Note Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

Contra Voucher in Tally Prime

Contra entry in tally is done when the transactions involve cash and a bank account. In other words, any entry that includes both cash and bank accounts of an entity is called a contra entry.

Given below is the list of contra transactions that comes under contra entry:

Cash account to Bank account, Bank account to Cash account, Bank account to Bank account, Cash account to Cash account

How to Use Contra Voucher in Tally Prime

Gateway of Tally -> Voucher -> Contra Voucher(F7) or F10: Other Voucher -> Contra Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

Journal Voucher in Tally Prime

The equivalent back up document for a transaction not involving the movement of money is called a journal voucher. Examples of 'non-cash' transactions include to recognize a donation in kind of a computer, to correct a coding error in a previous closed month, to charge interest on a loan or depreciate fixed assets.

Journal voucher - A journal voucher is also called a non-cash voucher or transfer voucher. They serve as proof of non-cash transactions.

Depreciating fixed assets of the company:

The depreciation account is debited, A fixed asset account is credited.

How to Use Journal Voucher in Tally Prime

Gateway of Tally -> Voucher -> Journal Voucher(F7) or F10: Other Voucher -> Journal Voucher

Create ->Secondary ledger press Alt +C
Accept the screen. As always, press Ctrl+A to Save.

Profit and Loss In TallyPrime

Profit and Loss A/c is one of the primary financial statements that you can use to monitor the health of your business. It summarizes the revenues, costs, and expenses for a specific period, such as a quarter or a year. Thus, you can easily gather the net result of the business operations.

Using the Profit and Loss A/c in Tally Prime, you can measure the ability of your business to generate profit. Accordingly, you can take various measures to increase revenue, reduce costs, and so on. What’s more, you can view the Profit and Loss A/c in the browser.

How to Use Profit and Loss in Tally Prime

Gateway of Tally -> Report -> Profit & Loss A/C (F1)

Balance Sheet In TallyPrime

Balance Sheet is one of topmost financial statement prepared by the businesses. The financial details of the balance sheet help you and the external stakeholders to evaluate the financial performance of the business on a given date. Before knowing the steps to prepare a balance sheet and reading the balance sheet, it is important to be familiar with the components and format of the balance sheet.

Gateway of Tally -> Report -> Balance Sheet (F1)