THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

INTEGRATED COURSE OF INFORMATION

TECHNOLOGY AND SOFT SKILS (ICITSS)

PROJECT ON TALLY ERP 9

Submitted by :- Submitted to :-

PRANSHU OMER ANKIT THAKUR

CRO0752683

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 ACKNOWLEDGMENT
I would like to express my sincere gratitude to all
those who have contributed to the successful
completion of this Tally ERP 9 project.
First and foremost, I extend my heartfelt thanks
to the ICAI and the ICITSS Faculties. Their
invaluable insights and assistance played a pivotal
role in shaping this project and overcoming
challenges along the way.
Additionally, I acknowledge the Tally Solutions
team for developing such a robust and versatile
software platform. Tally ERP 9 has been
instrumental in streamlining business processes
and enhancing efficiency.
Last but not least, I would like to thank my friends
for their understanding, patience, and
encouragement during the course of this project.
Without the collective effort and support of all
these individuals and entities, this project would
not have been possible.

Thank you

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 CERTIFICATE

This is to certify the Pranshu

Omer with CRO number
CRO0752683 studying in ITT
Batch No. 60
In the year 2023-2024 in this
institute and has completed
project report based on
syllabus and has given
satisfactory account of it.

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 DECLARATION

I hereby declare that this project on Tally

Erp 9 ,which is being submitted in partial
fulfillment of the requirement of the
course leading to chartered accountancy
to the ITT CENTRE is my original work and
prepared by me under the guidance of Mr.
Ankit Singh Thakur.

I further declare that I or any other person

has not previously submitted this project
report to any other institution /university
for any other degree /diploma or to any
other person

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TABLE OF CONTENT

TALLY ERP.9 ............................................ 6

COMPANY CREATION................................. 9
TALLY FEATURES .......................................11
LEDGER CREATION ...................................16
STOCK CREATION ......................................19
VOUCHERS ..................................................25
JOURNAL ENTRIES ....................................31
VOUCHERS & ENTRIES IN TALLY.............35
TRIAL BALANCE .........................................39
PROFIT & LOSS A/C ....................................40
BALANCE SHEET ........................................41
SHORT CUTS ................................................43
BILIOGRAPHY ............................................46

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 TALLY ERP.9
Tally is a business accounting software
which is used to maintain day to day
transaction in our business or
organization. Tally.erp9 provides you with
exceptional capabilities that will simplify
the way you manage all critical aspects of
your business including accounting, sales,
purchase, inventory, manufacturing,
taxation, payroll,MIS reporting and much
more.
Full Form ERP9 is -:
E- ENTEPRISE
R- RESOURCE
P- PLANNING

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 TALLY SOLUTIONS PVT.LTD.
This is the multinational company of INDIA
who provides software to Enterprises
Resources Planning (ERP.9). Its headquarter is
situated in BANGOLRE. ERP.9 was released in
2006. Tally accounting software provides a
solution around inventory management,
invoicing, purchase order management,
discounting, stock valuation, taxations etc.
Many updated versions of tally have been
launched-:
 Tally4.5 was launched in 1990.
 Tally5.4 was launched in 1996.
 Tally6.3 was launched in 2001.
 Tally7.2 was launched in 2005.
 Tally8.1 was developed with a new added
with new feature of POS ( point of sale )
and Payroll.

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 Tally9 it has most effective features was
launched like payroll, TDS, FBT, E-TDS
Filling etc.
 Tally prime was launched at 2020.

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 COMPANY CREATION
It means opening accounts for a new entity. It
involves providing basic information about
the company whose books of account are
to be maintained in tally.erp9.
So the first step of company creation -:

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GATEWAY OF TALLY:-

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 TALLY FEATURES

After the creation of company go to gateway

of tally for using tally features-:
Press F11: Feature> F1 For Accounting
Features-: Accounting features in tally is one
of the important category of company
features that consists of several
configurations and functionalities used for
accounting transaction and reports .
Accounting features can be opened by
pressing function key F11 or click on the
option -:

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F11; Feature>F2 For Inventory
Features-:
Inventory features in tally consists
configurations / func Press tions
related to inventory transactions and
reports.
Inventory features in tally are
furthered sub divided into 7 functions ,
such as-:
 General
 Storage and classification
 Order processing
 Invoicing
 Purchase management
 Sales management
 Other features

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13
Press F11; Feature> F3 Statutory
Features-:Statutory &Taxation
Features consists Configuration and
functions related to statutory
compliance for company in tally ERP9
The statutory features are related to
country during the company creation in
tally.ERP 9.
The following are the features that are
available for statutory and taxation-:
• Goods And Service Tax ( GST )
• Excise
• Value Added Tax ( VAT )
• Tax Deducted At Source ( TDS )
• Tax Collected At Source ( TCS )

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15
 LEDGER CREATION
A ledger is the actual account head in
which you identify a transaction and
must be used in all accounting voucher
,without a ledger we cannot record any
transaction ,there are two predefined
ledgers available in tally.ERP9 they are
cash and profit & loss a/c.
Go to Gateway of Tally > Accounts Info
> Ledger >Single Ledger > Create

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We can also select multiple ledger
when you want to create multiple
ledger
Create following ledger like –:
1. Sales a/c
2. Purchase a/c
3. Bank a/c
4. Salary a/c
5. Sundry debtors a/c
6. Sundry creditors a/c
7. Drawing a/c
8. Expenses a/c and so on

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18
 STOCK CREATION
When you create a company &
accounts with inventory info then we
create different types of stock items.
To create a stock items –:
Go to Gateway of Tally> Inventory Info
> Stock

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• STOCK GROUP –: We can classify all
stock items into group based on
common features, brand, quality etc.
1) Gateway Of Tally> Inventory Info>
Stock Group >Single Stock Group>
Create.

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• UNIT OF MEASURE-: This is used to
measure the stock item.
1) Go to Gateway of Tally> Inventory
Info> Create.

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 GODOWN CREATION-:
A Godown is a place where stock items
are stored. You can specify where the
stock items are kept. You can obtain
stock reports for each godown and
account for the movement of stock
between locations /godowns. You can
create locations/ godowns in single
mode and multiple mode.
To create a location/ godown-:
Go to Gateway of Tally > Inventory Info
> Location/Godown > Create.
1. Specify the Name of the
location/godown.
2. Enter an alias name for the
location/godown, if required.

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3. Specify the location/godown under
which the location/godown is to be
categorized.
The location/godown creation screen is
displayed as shown:

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• STOCK ITEM -: stock item refers to
goods that you manufacture or trade. It
is the primary inventory entity and is
the lowest level of information on your
inventory . You have to create a stock
item in tally.ERP9 for each inventory
item that you want to account for
• Go to Gateway of Tally >Inventory
Info> Stock Item> Create ( under Single
Stock Item ).
• Enter the Name of the stock item.
• The field Under will show the list of
groups to which the stock item
belongs. By default , primary stock
group appears in this field.

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 VOUCHERS
There are various types of vouchers in
TallyERP.9 to record transactions and
entries of daily based business.
 CONTRA VOUCHER (F4) -:
This voucher is used for each deposits
into bank and cash withdrawn from
bank.
Ex. ( i ) Cash A/C Dr
To Bank A/C
( i ) Bank A/C Dr
To Cash A/C

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  PAYMENT VOUCHER (F5)-:
This voucher is used for any types of
cash and bank payment
Ex. ( i ) Purchase A/C Dr
To Cash A/C

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  RECEIPT VOUCHER (F6)-:
This voucher is used for receipt of any
cash and bank transactions.
Ex.-: (i) Cash A/C Dr
Or Bank A/C Dr
To Capital A/C

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  JOURNAL VOUCHER (F7)-:
This voucher is used for adjustment.
Ex-: Suppose we purchase fixed assets
on credit-:
( i ) Fixed Assets A/C Dr
To Party Name A/C ( Creditors )

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  SALES VOUCHER (F8)-:
This voucher is used for sales of goods ,
it does not matter the sale is cash or
credit basis.
Ex-: ( i ) Cash A/C Dr
Or Bank A/C Dr
Or Debtors A/C Dr
To Sales A/C

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  PURCHASE VOUCHER (F9)-:
This voucher is used for purchase of
goods, it does not matter the purchase
is cash or credit basis.
Ex-: ( i ) Purchase A/C Dr
To Cash A/C
Or To Bank A/C
Or To Creditors A/C

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 JOURNAL ENTRIES
1-4-2023 Commenced business with (i) Cash- 10 Crore
(ii) Bank- 10 crore.
2-4-2023 Purchase furniture & fixture worth Rs 500000 for
the shop by cheque.

2-4-2023 Purchase the following inventory in cash

Assets Qty Cost Amount
Cell phone 5 25,000 1,25,000
Computer 5 125,000 6,25,000
Electrical 22 25,000 5,50,000
Fittings
Ceiling fans 10 1,0000 1,00,000
TOTAL 14,00,000
2-4-2023 Maintenance expenses paid by cheque
Rs. 25000
2-4-2023 Purchased Goods From B L Co. worth Rs 10,00,000

2-4-2023 Purchased Goods From Mehta Agencies worth Rs

10,00,000

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2-4-2023 Sold Goods To Golden Times worth Rs 8,00,000

2-4-2023 Sold Goods To Singh & co. worth Rs 5,50,000

2-4-2023 Stock transfer from godown BIRHANA ROAD to

SHYAM NAGAR.
2-4-2023 Paid electricity bill Rs 30000
2-4-2023 Amount Paid to B L Co. And received discount worth
RS. 10,000
2-4-2023 Amount Received From Debtors
2-4-2023 Paid salary to employees-:
Cost Cost Centre Amount
Category
Manager MR.RAM SINHA 60,000
MR. MUKUL VERMA 60,000
Accountant MR. TUSHAR GUPTA 25,000
MRS . NISHA ROY 20,000
MR. DIPESH BHARTI 20,000
Sales Man MR. RAM DESAI 12,000
MR. ANKUSH VERMA 12,000
MR. ASHISH GUPTA 12,000
MR. SIDDHARTH 12,000
MISS. ANSHIKA GUPTA 12,000
MISS . BHAVYA 12,000

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 MISS. ISHIKA JAISWAL 12,000
MISS. NISHA SHARMA 12,000
Peon ASHUTOSH TIWARI 5500
RAJU 5500
AKSHAT PANDEY 5500
Gate Keeper VISHU GUPTA 4500
AMIT SONKER 4500
2-4-2023 Insurance premium paid Rs. 3150.
2-4-2023 Additional cash introduced into the business
Rs.7.5 lakhs.
2-4-2023 Sold goods to MOTVANI BROTHERS , KANPUR
2-4-2023 Salary due of all staff.
2-4-2023 Paid cash for stationary, printing invoices and
vouchers to canon traders.
2-4-2023 Received cheque from MOTVANI BROTHER
against sales on 18-6-2023.
2-4-2023 Purchase goods from A2Z TRADERS.
2-4-2023 Issued a cheque to A2Z Traders
2-4-2023 Purchased a building and amount paid by cheque
Rs.55,00,000
2-4-2023 Paid electricity bill Rs. 75,000.
2-4-2023 Buy 200 shares (@ 70p.s ) of TITAN CO. from
ZERODHA SECURITIES CORPORATIONS LTD.

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2-4-2023 Received cheque from against sales made on
2-4-23.
31-3-2024 Paid salary due of all staff
31-3-2024 Auditing charges paid to charted accountant Rs.
75000.

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 VOUCHERS & ENTRIES IN TALLY

DATE VOUCHER PARTICULAR DEBIT CREDIT

1-4- F6 Cash A/C Dr 10,00,00,000

2023 Receipt Bank A/C Dr 10,00,00,000
To Capital A/C 20,00,00,000
2-4- F5 Furniture & Fixture A/C Dr 5,00,000
2023 Payment To Bank A/C 5,00,000
2-4- F9 Cell Phone A/C Dr 1,25,000
2023 Purchase Computer A/C Dr 6,25,000
Electrical Fitting A/C Dr 5,50,000
Fans A/C Dr
1,00,000
To Cash A/C 14,00,000
2-4- F5 Maintenance Expenses A/C Dr 25,000
2023 Payment To Bank A/C 25,000
2-4- Alt+ F7 Transfer Shyam Nagar To
2023 Transfer Journal Birhana Road
2-4- F9 Purchases A/C (stock items) Dr 10,00,000
2023 Purchase To B L Co. A/C 10,00,000
2-4- F9 Purchases A/C (stock items) Dr 10,00,000
2023 Purchase To Mehta Agencies A/C 10,00,000
2-4- F8 Golden Times A/c Dr. 8,00,000
2023 Sales To Sales A/c 8,00,000
2-4- F8 Singh & Co. A/c Dr. 8,00,000
2023 Sales To Sales A/c 8,00,000

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2-4- F5 Electricity Bill A/C Dr 30,000
2023 Payment To Cash A/C 30,000
2-4- F6 Bank A/C Dr 10,50,000
2023
Receipt To GOLDEN TIMES 6,00,000
To SINGH & co 4,50,000

2-4- F5 B.L. & CO Dr 10,00,000

2023 To Bank A/C
Payment To discount received a/c 9,90,000
10,000
2-4- F5 Salary A/C Dr 3,06,500
2023 Payment To Bank A/C 3,06,500
2-4- F5 Insurance Premium A/C Dr 3150
2023 Payment To Bank A/C 3150
2-4- F6 Cash A/C Dr 7.50.000
2023 Receipt To Capital A/C 7.50.000
2-4- F4 Cash A/C Dr 50.000
2023 Contra To Bank A/C 50.000
2-4- F8 MOTWANI BROTHERS Dr 8,00,000
2023
Sales To Sales A/C
800,000

2-4- F5 Stationary A/C Dr 25,000

2023 Printing A/C Dr
Payment To Cash A/C 25,000
50.000
2-4- F6 Bank A/C Dr 7,92,000
2023 Receipt Disc. Allowed A/c Dr 8,000 8,00,000

To MOTWANI BROTHERS

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2-4- F9 Purchase A/C Dr 4,00,000
2023 Purchase To A2Z Traders 4,00,000

2-4- F5 A2Z Traders Dr 3,00,000

2023 Payment To Bank A/C 3,00,000

2-4- F5 Building A/C Dr 55,00,000

2023 Payment To Bank A/C
55,00,000
2-4- F5 Electricity Bill A/C Dr 75,000
2023 Payment To Cash A/C 75,000
2-4- F7 TITAN Co. Dr 14,000
2023 Journal To ZERODHA SECURITIES CO. 14,000
2-4- F5 ZERODHA SECURITIES CO A/C 13,000
2023 Payment To Cash A/C 13,000
2-4- F6 Bank A/C Dr 1,00,000
2023 Receipt To Golden times A/c 1,00,000
31-3- F5 Salary A/C Dr 3,06,500
2024 Payment To Cash A/C 3,06,500

31-3- F5 Auditing Charges A/C Dr 75,000

2024 Payment To Bank A/C 75,000

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Transfer Stock From Shyam Nagar To
Birhana Road Godown

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 TRIAL BALANCE
A Trial Balance is a Book Keeping
worksheet in which the balances of all
ledgers are compiled into debit and credit
account column totals that are equal. A
company prepares a trial balance
periodically, usually at the end of every
reporting period.

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 PROFIT & LOSS A/C
Profit & loss a/c is prepared to know
the net profit or net loss earned or
suffered by the end of the year. All the
indirect expenses are recorded in debit
side while indirect incomes are credit
side.

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BALANCE SHEET

It is prepared to know the financial

position of the business at the end of
the financial year. Two terms assets
and liabilities are included in it. It is a
statement which reports the assets
owned by the enterprises and the
claims of the creditors and owners
against these assets. Excess of assets
over outside liabilities is the capital and
is indicative of the financial soundness
of a company.

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42
 SHORT CUTS

COMMAND OPERATION
ALT +F1 Create company
ALT+ F3 List of company
CTRL+ A Accept
ESC. Quit
F2 Date
ALT+F2 Change period
F4 Contra voucher
F5 Payment voucher
F6 Receipt voucher
F7 Journal voucher
F8 Sales voucher
F9 Purchase voucher
F11 Features
F12 Configuration
ALT+ P Print
ALT + I Print with preview

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CTRL+ G Page range to print
ALT +F Print mode( dot matrix/neat/quick )
ALT +C Number of copies
ALT + Z Zoom voucher
ALT+F4 Purchase order
ALT+F5 Sale order
ALT +F9 Receipt note
ALT +F8 Delivery note
CTRL + F6 Rejection in
ALT + F5 Rejection out
CTRL + F9 Debit note/ Purchase return
CTRL + F8 Credit note/ Sale return
ALT+ F7 Transfer journal
CTRL +N Calculator on
CTRL +M Calculator off
CTRL +T Post dated voucher
ALT +F10 Physical stock
Alt + M Mail
Alt + B Budget Key

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Alt + I Item Invoice
Ctrl+ F 12 Value
Ctrl + V Purchase/Sale ( Party Name )
F2+Space+ Show Entries
Enter
Ctrl + R Repeat Narration
Ctrl + T Voucher Post Dated
Alt + S TDS
Alt + 2 Duplicate Entries
Alt + A Add Voucher In Day Book
( If Any Entry Is Missing )
Alt+ B Budget Key
Alt +D Delete Voucher
Alt +E Export Tally Data In PDF, Image Etc.
Alt+F1 Shut Company, Expand Balance
Sheet, Profit & Loss Reports
Alt +K Change Language

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 BILIOGRAPHY

 ICAI MODULE 1 ITT

 ICAI MODULE 2 ITT

 www.google.com

 www.icai.org

 www.tallyerp9.co.in

 www.wikipedia.com

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