Example Voucher SUM Tally Prime in Tamil

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.
2. Paid For Electrical Charges Rs.20000
5. Paid Salary Rs.30000
7. Withdraw From Personal Use Rs.1800
12. Cash Purchase Tow Night Lamp Rs.3000
13. Paid Trade expense Rs.200
16. Purchase Goods From Cash Rs.250
17. Paid Water Tax Charges Rs.450
21. Purchase Goods From Cash Rs.250
22. Paid Water Tax Charges Rs.450
24. Paid Cash To Bank Rs.500
25. Paid For Postage & Telegram Rs.1500
28. Paid Wages By Cheque Rs.2500

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.
6. Received Commission Rs.30000
9. Dividend Received Rs.100000
15. Sold Goods To Cash Rs.4000
18. Dividend Received Rs.50000
23. Dividend Received Rs.50000
26. Received Interest Rs.20000

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.

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.

follow the above steps for following transaction.
19. Withdraw From Bank Rs.2000
24. Paid Cash To Bank Rs
29. Cash Withdraw From Bank Rs.10000

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.

follow the above steps for following transaction.
10. Sold Goods To M/S.Vine Bill No:28 Rs.8000
11. Sold Goods To M/S.Pavi Bill No:32 Rs.10000

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)