Tally Project

THE
INSTITUTE OF
CHARTERED ACCOUNTANTS OF INDIA
“ICAI BHAWAN”
PONDICHERRY- 605011
Project Report on
“ACCOUNTING IN TALLY FOR ELECTRONICS SHOP”
Submitted by
SRINIDHI PRADEEP
REGISTRATION NO:
SRO0709627
Submitted in partial fulfilment of requirements for
INTEGRATED COURSE ON
INFORMATION TECHNOLOGY
AND SOFT SKILLS (ICITSS)
INFORMATION TECHNOLOGY
ICAI
PONDICHERRY
DECEMBER 2022
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF INDIA
“ICAI
BHAWAN”
PONDICHER
RY-605011
INTEGRATED COURSE ON INFORMATION TECHNOLOGY AND

SOFT SKILLS (ICITSS) INFORMATION TECHNOLOGY
BONAFIDE CERTIFICATE
This is to certify that the project work on
“ACCOUNTING IN TALLY FOR ELECTRONICS SHOP”
Is carried out by
SRINIDHI PRADEEP
REGISTRATION NO:
SRO0709627
Under supervision and

guidance during the
ICITSS-Information
Technology
[DECEMBER 2022]
P. KARTHIKEYAN CA. P. MOHANRAJ CA. M. S. MANJUBASHNI
Project Guide SICASA Chairman Chairperson
Pondicherry Branch of Pondicherry Branch of
SIRC of ICAI SIRC of ICAI
PREFACE
The Institute of chartered accountants of India (ICAI) is a statutory
body established under the Chartered Accountants Act, 1949(Act No.
XXXVIII) of the regulation of the profession of Chartered Accountants of
India. During its nearly six decades of experience, ICAI has achieved
distinction as a premier accounting body not only within the country but
also globally, for its contribution in fields of education, professional
development, maintenance of high accounting, auditing and ethical
standards.
BOARD OF STUDIES
The function of Board of studies is primarily to provide education to
the students of the Chartered Accountancy course. The Board also takes
care of the syllabus of various courses periodically. It’s overseas the
performance of various institutions which are authorized to conduct
coaching classes in various places.
ACKNOWLEDGEMENT
First I offer my prayers to the almighty for his blessings, and love
for this and for the times to come.
To extend my heartiest thanks to the Institute of Chartered Accountants

of India for Organizing this course which served as vibrant platform for
learning the dynamic area of computers relevant to us.
I owe my deep gratitude to South Indian Regional Council of

ICAI, for providing excellent infrastructure for undergoing the Practical
Training with sufficient computer system.
To extend my special thanks to CA. M. S. MANJUBASHNI,

CHAIRPERSON, PONDICHERRY BRANCH OF SIRC OF ICAI, for
having provided opportunity to undergo ITT programme.
I wish to express special thanks to CA. P. MOHANRAJ, CHAIRMAN,

PONDICHERRY BRANCH OF SICASA, for organizing ITT programme
at PONDICHERRY BRANCH.
I wish to express my gratitude to the faculties Mr. P. KARTHIKEYAN

and Mr. PAZHANI for their guidance and valuable advice during all our
classes and helping immensely for this project.
I would like to express my sincere thanks to my family and friends for

supporting me in all my endeavour.
SRINIDHI PRADEEP
(SRO0709627)
Sl. No Content Page No
1 INTRODUCTION TO TALLY 1
2 PROJECT DETAILS 3
3 COMPANY CREATION 5
4 COMPANY FEATURES 6
5 UNIT OF MEASURES 7
6 STOCK GROUP CREATION 8
7 STOCK CATEGORIES CREATION 10
8 STOCK ITEM CREATION 11
9 LEDGER CREATION 12
10 COST CENTR CREATION 14
11 BUDGET CREATION 14
12 VOUCHERS 15
13 TRIAL BALANCE 32
14 P&L ACCOUNT 33
15 BALANCE SHEET 34
16 OUTSTANDING PAYABLES AND RECEIVABLES 35
17 BANK BOOK WITH BRS 37
18 BUDGET VARIANCE REPORT 39
19 DAY BOOK FOR A TO Z 40
20 STOCK SUMMARY REPORT 41
21 STOCK QUERY 43
22 CASH FLOW AND FUND FLOW 45
23 GST AND TDS REPORT 47

24 COST CENTRE BREAK UP REPORT 51
25 CONCLUSION 52
SRINIDHI PRADEEP ELECTRONIC SHOP ICAI
1. INTRODUCTION TO TALLY
Business automation is one of the most prioritized processes when an

entrepreneur decides to enter the market. Not only does automation saves precious time
but also improves business efficiency and operability. The sheer convenience of having
all your business data in one place, readily available, ability to manage your payables,
receivables, getting control over your stock and therefore being able to strengthen your
relationships with customers and suppliers is a great asset to have. However, most
automation tools that exist today come with varying levels of complexities and create
inhibitions in your mind. Often, one chooses to automate out of compulsion rather than
to harness the true value of automation.
Tally has always strives to make every user’s life easy by providing the best
solutions to make business owners more efficient, empowered, and happier, so they can
focus on what matters most for their business. By automating your business with Tally
not only do you have a software which understands you and simplifies your life but is a
joy to use as it absorbs all complexities and allows you to focus on running your
business better.
TALLYPRIME
TallyPrime is the new-age business management software from the house of

Tally which is sure to delight you. Simplicity, speed, flexibility, and reliability are a
trademark of Tally products and with TallyPrime you will experience them at a whole
new level.
FEATURES OF TALLYPRIME
With a wide range of features, TallyPrime can be your perfect business companion.
Here is the list of TallyPrime’s features:
 Simplified Interface
 Insightful Business Reports
 Invoicing & Accounting
 GST / Taxation
 Inventory Management
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 Cash Flow Management

 Multitasking Capabilities
 Access business data Online
2. PROJECT DETAILS
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3. COMPANY CREATION
Maintaining your business transactions on a day-to-day basis is critical to your
business. To keep a record of all your business transactions, you need to first create a
company in TallyPrime. Through the company, you can also view and update all your
transaction entries, as needed, and go through the financial reports based on the
transactions that you maintain.
Create company: To create the company, just enter the company name,
address and other details, such as financial year, security, and base currency information.
Once you have created your company, based on your business preferences, you can use
the accounting, inventory, payroll, and taxation features. You can also specify the tax
registration details as applicable, such as GST, VAT, Excise, TCS, or TDS, which can be
accounted for your transactions.
GATEWAY OF TALLY→ ALT + K→ CREATE
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4. COMPANY FEATURES
In TallyPrime, when you create a company, the key features required to record
your business transactions are set by default. As per your business requirements – such
as inventory management, tax-based invoicing, payroll management – you can set your
preferences using the Company Features.
As per the preferences set, you can enter transaction data accordingly. In most of
the cases, you can incrementally enable or disable other features by pressing F11 at any
point you need.
Maintain your books of accounts: Depending on your bookkeeping needs

for your company, you can enable other accounting features, such as cost centre and
interest calculations.
Manage your stock/inventory: If you are using inventory in your

business, you can set up your inventory-related preferences. In TallyPrime, you can
manage your Inventory independently or choose to update your books of accounts with
stock details.
GATEWAY OF TALLY →F11(COMPANY FEATURES)
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5. UNIT OF MEASURES
Does your business involve stock items or inventory in the day-to-day

transactions? If so, you certainly need to manage and keep track of all your stocks – how
much of them have been sold every day, what is the balance stock, are the stocks moving
as per the demand, do you have too much unused stock and so on. In TallyPrime, you
can create as many stock items as you have in the business, specify units of
measurements (UoMs) for each stock item and define tax rates, without having to enter
these details again during transactions.
Whether you keep your stocks in different groups, batches or godowns, based on
your business practices, you can find the details of your stock items any way you need.
Real-time view of your stock quantity helps to refill your stock in advance to avoid the
risk of losing customers, You can also view stock item reports for each group or batch as
needed.
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GATEWAY OF TALLY →CREATE→INVENTORY MASTERS→UNIT
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6. STOCK GROUP CREATION

You can create stock groups in TallyPrime for classifying items based on common features. You
can also apply a common tax rate for all items in a stock group.
GATEWAY OF TALLY→CREATE→INVENTORY
MASTERS→STOCK GROUP
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7. STOCK CATEGORIES CREATION
Stock category offers a parallel classification of stock items, categorizing items is

that you can classify the stock category based on functionality together in a group. You
can classify the stock category across different stock groups which enables you to
obtain reports on alternatives or substitutes for a stock item.
GATEWAY OF TALLY→CREATE→INVENTORY
MASTERS→STOCK CATEGORY
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8. STOCK ITEM CREATION

A stock item in TallyPrime is required to fill in information about the stock or inventory that
your business deals with. Once you have created stock item, you can records your business
transactions and keep track of the stock item details. Simply enter the name of the stock item
you want to create and save it. Also, provide the opening balance details such as quantity,
rate, value applicable tax rates so that you can record transactions in less time, without the
need to enter all of these details each time in the transactions.
GATEWAY OF TALLY→CREATE→INVENTORY MASTERS→STOCK ITEM
9. LEDGER CREATION
The ledgers in TallyPrime or in the Books of Accounts affect assets, liabilities,

income or expenses. TallyPrime 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.
You can create ledgers in different ways such as from a master, transaction, or a
report as per your preference. Ledgers can be created in specific groups depending on
your business process. For example, you can create a Bank ledger under Bank Account,
a Sales ledger under Sales Account, or a Tax ledger under Duties and Taxes. Similarly,
you can create a Party ledger under Sundry Creditor or Sundry Debtor depending on
your sales and purchase needs.
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GATEWAY OF TALLY → CREATE → ACCOUNTING MASTERS →

LEDGER
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10. COST CENTRE CREATION

GATEWAY OF TALLY → CREATE →A C C O U N T I N G
M A S T E R S → COST CENTRE
11. BUDGET CREATION
GATEWAY OF TALLY → CREATE →A C C O U N T I N G

M A S T E R S → BUDGET
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12. VOUCHER CREATION
As per the accounting practice of journaling, you can record all transactions using
Journal Vouchers in TallyPrime. However, there are specialized accounting voucher
types for different types of transactions like payments, receipts, sales, purchase, contra,
debit note, credit note and so on to ease data entry. Once you know how to enter a
transaction in TallyPrime, you can enter any transaction in a similar way. Voucher types
in TallyPrime can be categorized as Journal, Purchase, Sales, Payment, Receipt, Contra,
Inventory Vouchers, Order Vouchers and Non-Accounting Vouchers. In this topic, we
will understand how to record a transaction in TallyPrime or say, accounting entry in
TallyPrime and learn more about the voucher types provided for accounting in
TallyPrime.
Inventory vouchers in TallyPrime allow you to track the items that you have sent to
your customers and send them delivery notes with the goods sent. Record job works
vouchers and manufacturing journal that will give you a clear view of what quantity of
items and what items were used for manufacturing. You also have the option to record
the finished good, co- products, by-products, and scrap that are generated during
manufacturing.
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GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS
PURCHASE VOUCHER
GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F9
PURCHASED FROM BALAJI ELECTRONIC LTD
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PURCHASED FROM MANIKANDAN ELECTRONICS LTD
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PURCHASED BALAJI ELECTRONIC LTD
PURCHASE INVOICE
GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F9→CTRL

+ H→ACCOUNTING INVOICE
RENT EXPENSE WITH TDS DEDUCTION
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ADVERTISEMENT EXPENSE WITH TDS DEDUCTION
SALES VOUCHER
SOLD TO EASWAR INDIAN LTD
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SOLD TO MM DISTRIBUTORS LTD
SOLD TO EASWAR INDIAN LTD
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SOLD TO MM DISTRIBUTORS LTD
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SALES INVOICE
GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F8→CTRL

+ H→ACCOUNTING INVOICE
BEING SALES INVOICE RAISED FOR REPAIRS AND MAINTANCES
BEING SALES INVOICERAISED FOR AUDIT CONSULTANCY A/C
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RECEIPT & PAYMENT VOUCHER
PAYMENT VOUCHER
PAID TO:
◦ BALAJI ELECTRONIC LTD
◦ MANIKANDAN ELECTRONICS LTD
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PAID INDIRECT EXPENSES
PAID RENT TO L&T LTD
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PAID TDS FOR RENT
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RECEIPT VOUCHER
RECEIVED FROM:
◦ EASWAR INDIAN LTD
◦ MM DISTRIBUTORS LTD
RECEIVED CHEQUE FROM ELECTRONIC INDIA PRIVATE LTD
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CONTRA VOUCHER
RECEIVED LOAN BY CHEQUE
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STOCK JOURNAL VOUCHER
GATEWAY OF TALLY→VOUCHERS→ALT+ F7→CTRL +

H→INTER GODOWN TRANSFERS
INTER GODOWN TRANSFERS
DEBIT NOTE VOUCHER

GATEWAY OF TALLY →VOUCHERS→F10→ALT+F5
PURCHASE RETURN TO BALAJI ELECTRONICS
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CREDIT NOTE VOUCHER
GATEWAY OF TALLY →VOUCHERS→F10→ALT+F6
SALES RETURN FROM MM DISTRIBUTORS
DELIVERY NOTE VOUCHER
GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F10→ALT+

F8
DELIVERED ITEMS TO EASWAR INDIAN LTD
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REJECTION IN VOUCHER
GATEWAY OF TALLY→VOUCHERS→F10→CTRL + F6
ITEM NO.11 REJECTED BY EASWAR INDIA LTD
SALES VOUCHER
ITEM NO.9 & 13 ACCEPTED BY EASWAR INDIA LTD
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SALES ORDER VOUCHER
GATEWAY OF TALLY→VOUCHERS→F10→CTRL + F8
RECEIVED SALES ORDER FROM MM DISTRIBUTORS
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13. TRIAL BALANCE
The Trial Balance in TallyPrime is a summary of all the ledger balances. It helps
in checking whether the transactions are correct and balanced. If the journal entries are
error-free and posted correctly to the general ledger, the total of all debit balances should
be equal the total of all credit balances.
With TallyPrime, the Trial Balance will be at your fingertips. You can
prepare the Trial Balance periodically for your company, for example, at the end of a
quarter or financial year. This will ensure that the entries in your books are
mathematically correct. You can easily spot any errors or discrepancies, and make the
necessary adjustments.
GATEWAY OF TALLY →DISPLAY MORE REPORTS →TRIAL

BALANCE(ALT+F1)
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14. PROFIT & LOSS A/C
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 TallyPrime, 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.
GATEWAY OF TALLY →PROFIT & LOSS A/C
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15. BALANCE SHEET
Balance Sheet is one of the primary financial statements that you can use to
monitor the health of your business. It is a picture of your company’s financial position
– what you own (assets) and what you owe (liabilities) – at a given point in time.
The Balance Sheet in TallyPrime provides you with a neat snapshot of your
business. You can also expand the report for a comprehensive view of your assets (such
as cash in the bank, inventory, vehicles, equipment, buildings, and accounts receivable)
and liabilities (such as taxes, loans, mortgages, and accounts payable). The difference
between what you own and what you owe determines the Net Worth (or Owner’s
Equity) of your business.
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16. OUTSTANDING PAYABLE & RECEIVABLE REPORT
OUTSTANDING PAYABLE
When you make some purchases or obtain services from your vendors you need
to keep track of all the payments that you have to make on the agreed timelines. All
such pending or overdue payments to your parties are outstanding payables. You can
manage outstanding payables in TallyPrime using Outstanding Payables report that gives
you an overview of what your business owes for supplies, inventory, and services.
Moreover, you can get an overview of the amount and the creditors to whom you owe
money and how much you owe each creditor and how long the money has been owed.
You can manage outstanding payables in TallyPrime that will help you to know the time-
to-time expenses, avoid overseeing the outstanding payments that you owe to the
creditors, and help you manage the cash-flow in your business.
GATEWAY OF TALLY → DISPLAY → STATEMENTS OF

ACCOUNTS → OUTSTANDINGS → PAYABLES/RECEIVABLES
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OUTSTANDING RECEIVABLE
When you do sales on credit, you would certainly need to keep track of the due
amounts that your parties owe you. All such dues from your parties will be your
outstanding receivables. Managing the outstanding receivables can be critical to your
business because it not only helps to understand how much your parties owe you, but
also helps you to recover the dues on time and use it for your business, as needed. You
can manage outstanding receivables in TallyPrime and keep record of all the dues.
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17. BANK BOOK WITH BRS
The Bank Book is a record of all the receipts and payments made through the
bank. Bank reconciliation in TallyPrime is a process that explains the difference between
the bank balance shown in an organization’s bank statement, as supplied by the bank,
and the corresponding amount shown in the organization’s own [accounting] records at a
particular point of time.
SBI BANK BOOK BEFORE &AFTER RECONCILIATION
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ICICI BANK BOOK BEFORE AND AFTER RECONCILIATION
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18. BUDGET VARIANCE REPORT

Budgets give you an estimation of the expenditure that you can incur in your
business for a particular work, department, or project. However, there may be some
difference between the actual expenses and the respective budgets. The budget variance
report provides you with the information on the actual expenses as compared to the
budget. This helps you plan for the future and facilitates financial control in your
business.
You can view the Budget Variance report from Trial Balance, Group Summary
and Monthly Summary. Budget Variance is active only when the option Maintain
budgets and controls is enabled in the Accounting Features, and at least one budget is
created.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → TRIAL
BALANCE→ F10
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19. DAY BOOK FOR A TO Z
The Day Book is an account book in which a day’s entries or transactions are
captured. TallyPrime stays true to the traditional Day Book used by businesses for
manual book-keeping, while bringing in a host of powerful features.
You can modify the Day Book in TallyPrime to view only one kind of transaction
(for example, the purchases of the day), or search for any transaction irrespective of the
date. You can also select multiple transactions at once and cancel, delete, or remove the
entries from the Day Book. Similarly, you can verify your transactions, and account for
any missing entries by adding, inserting, or duplicating entries.
GATEWAY OF TALLY → DISPLAY MORE REPORTS →DAY BOOK
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20. STOCK SUMMARY REPORT
Stock Summary is a statement of the real-time stock-in-hand on a particular day.

It is one of the primary inventory statements that gets updated in real-time as and when
you record transactions. If you have maintained the inventory in groups, transferred
stock for various business needs, sold or purchased stock items, TallyPrime helps you
view all of them using the Stock Summary report.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → INVENTORY

BOOKS → STOCK ITEM
STOCK SUMMARY REPORT FOR ITEM 1
STOCK MOVEMENT ANALYSIS
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Movement analysis in TallyPrime shows the analysis of only those inventory

transactions which are integrated with the accounts, i.e. inventories which are also
recorded in the books of accounts. Inventory vouchers which affect the stock only in
quantitative terms are not considered.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → STATEMENTS

OF INVENTORY → MOVEMENT ANALYSIS→ STOCK ITEM ANALYSIS
(ITEM 13)
21. STOCK QUERY
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The Stock Query report in TallyPrime provides complete information pertaining

to a particular stock item. The details include Alias, Part No., Stock Group, Stock
Category, available Closing Quantity & Balance, Cost Price, Std. Selling Price, Costing
Method and Market Valuation Method, and so on.
GATEWAY OF TALLY → DISPLAY MORE REPORTS →

STATEMENTS OF INVENTORY → STOCK QUERY (ITEM 4)
STOCK CATEGORY REPORT
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The Stock category report in TallyPrime provides complete information pertaining

to a particular stock category.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → INVENTORY

BOOKS→ STOCK CATEGORY SUMMARY (ITEM 4)
22. CASH FLOW & FUNDS FLOW STATEMENT
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CASH FLOW STATEMENT
The Cash Flow statement summarizes the transactions that have a direct impact
on cash. It records the inflow and outflow of cash during a particular period, and thereby,
you can track any changes in the position of cash. A Cash Flow statement can also be
used as a Receipts and Payments statement. This is useful for institutions such as non-
profit organizations where a Receipts and Payments statement needs to be generated.
GATEWAY OF TALLY→ DISPLAY MORE REPORTS→ CASH FLOW
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FUNDS FLOW STATEMENT
You can view Funds Flow statement in TallyPrime that tracks the movement of funds
during an accounting period. It is represented in terms of the sources of funds and the
application of funds. The Funds Flow statement also acts as a supplement to the principal
financial statements. It describes the sources from which additional funds were derived and
where these funds were used. The transactions that increase the working capital are
marked as sources of funds, while the transactions that decrease the working capital
are marked as application of funds.
GATEWAY OF TALLY→ DISPLAY MORE REPORTS→ FUNDS FLOW
23. GST REPORT & TDS COMPUTATION REPORT
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GST REPORT
You can record sales under GST in TallyPrime and print a valid GST tax invoice
with party’s GST registration and location, item details (HSN or SAC), and tax rates.
You can also record the export of goods, sales to other territory and SEZ, sales to foreign
tourists, nil rated and exempt sales, deemed export, and so on, using a sales voucher.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → STATUTORY

REPORTS → GST REPORTS
GSTR-1
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GSTR-2
GSTR-3B
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GST ANNUAL COMPUTATION
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TDS COMPUTATION REPORT
Generally, the deductor deducts the tax in the same invoice in which the expenses
are accounted. But in some cases, deductor may follow the procedure of accounting only
expenses on the receipt of bills and later, deduct applicable tax on all such accounted
expenses in one invoice. Form 26Q is the Quarterly return of TDS in respect of all
payments other than salaries. To save Form 26Q, it is recommended that you need to
resolve all the exceptions, and then press Alt+B (Save), to save the report.
GATEWAY OF TALLY → DISPLAY MORE REPORTS → STATUTORY

REPORTS → TDS REPORTS
FORM 26Q
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24. COST CENTRE BREAK-UP REPORT
You can maintain your incomes and expenses, as per different business units,
employees, projects, departments, and so on, using the Cost Centre capability in
TallyPrime. You can have one or more cost centres or profit centres in your company, as
needed, and allocate the breakup of incomes and expenses to different cost centres or
profit centres. TallyPrime provides reports that help you to view income and expense
groups with the profit centre or cost centre allocations made under each group.
GATEWAY OF TALLY → DISPLAY MORE REPORTS

→STATEMENTS OF ACCOUNTS → COST CENTRES→ COST
CENTRE BREAK-UP
BREEZE SHOWROOM
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HEAVEN SHOWROOM
25. CONCLUSION
Tally prime is a versatile software with several features which can help a
person/company in maintaining the day to day resource planning and storing financial
information. Tally course is helpful for stock experts and accountants. It helps in
understanding the significance and utilization of job arrange preparing and job costing.
With the help of it I learned to do accounting, taxation, inventory recording digitally
which can help me with my career.
SRO0709627 52

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THE

INTEGRATED COURSE ON INFORMATION TECHNOLOGY AND

Under supervision and

To extend my heartiest thanks to the Institute of Chartered Accountants

I owe my deep gratitude to South Indian Regional Council of

To extend my special thanks to CA. M. S. MANJUBASHNI,

I wish to express special thanks to CA. P. MOHANRAJ, CHAIRMAN,

I wish to express my gratitude to the faculties Mr. P. KARTHIKEYAN

I would like to express my sincere thanks to my family and friends for

6 STOCK GROUP CREATION 8

7 STOCK CATEGORIES CREATION 10

8 STOCK ITEM CREATION 11

10 COST CENTR CREATION 14

16 OUTSTANDING PAYABLES AND RECEIVABLES 35

17 BANK BOOK WITH BRS 37

18 BUDGET VARIANCE REPORT 39

19 DAY BOOK FOR A TO Z 40

20 STOCK SUMMARY REPORT 41

22 CASH FLOW AND FUND FLOW 45

23 GST AND TDS REPORT 47

Business automation is one of the most prioritized processes when an

TallyPrime is the new-age business management software from the house of

 Cash Flow Management

GATEWAY OF TALLY→ ALT + K→ CREATE

Maintain your books of accounts: Depending on your bookkeeping needs

Manage your stock/inventory: If you are using inventory in your

GATEWAY OF TALLY →F11(COMPANY FEATURES)

Does your business involve stock items or inventory in the day-to-day

GATEWAY OF TALLY →CREATE→INVENTORY MASTERS→UNIT

6. STOCK GROUP CREATION

7. STOCK CATEGORIES CREATION

Stock category offers a parallel classification of stock items, categorizing items is

8. STOCK ITEM CREATION

The ledgers in TallyPrime or in the Books of Accounts affect assets, liabilities,

GATEWAY OF TALLY → CREATE → ACCOUNTING MASTERS →

10. COST CENTRE CREATION

11. BUDGET CREATION

GATEWAY OF TALLY → CREATE →A C C O U N T I N G

12. VOUCHER CREATION

GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS

PURCHASED FROM BALAJI ELECTRONIC LTD

PURCHASED FROM MANIKANDAN ELECTRONICS LTD

PURCHASED BALAJI ELECTRONIC LTD

GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F9→CTRL

RENT EXPENSE WITH TDS DEDUCTION

ADVERTISEMENT EXPENSE WITH TDS DEDUCTION

GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F8

SOLD TO EASWAR INDIAN LTD

SOLD TO MM DISTRIBUTORS LTD

SOLD TO EASWAR INDIAN LTD

SOLD TO MM DISTRIBUTORS LTD

GATEWAY OF TALLY →TRANSACTIONS→VOUCHERS→F8→CTRL

BEING SALES INVOICE RAISED FOR REPAIRS AND MAINTANCES

BEING SALES INVOICERAISED FOR AUDIT CONSULTANCY A/C

RECEIPT & PAYMENT VOUCHER

◦ BALAJI ELECTRONIC LTD

◦ MANIKANDAN ELECTRONICS LTD

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PAID RENT TO L&T LTD

PAID TDS FOR RENT