Explain fill accounting features in tally
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I would like to help you with question you asked.
By using the Accounting Features, you can enable various options required for making transactions in your business
To enable the accounting features Go to Gateway of Tally > F11: Features > F1: Accounts.
following are the General feature of Tally.erp 9
Maintain accounts only: Enable this option if you do not have any inventory transactions.
Integrate accounts and inventory: Enable this option to include the stock or inventory balance from the inventory records.Provides a drill down to the stock registers from balance sheet.Disable this option to maintain accounts and inventory separately.
Use Income and Expenses A/c instead of Profit and Loss A/c: Enable this option to display income and expenses a/c as the menu item instead of profit and loss a/c in the Gateway of Tallymenu.
Enable multi-currency: Enable this option to enable working with multiple currencies.
Outstanding Management Features
Maintain bill-wise details: Enable this option to display the option Maintain balances bill by bill in all ledgers created under sundry debtors and creditors. When you enter details of sales and purchases with the bill wise option activated, Tally.ERP 9 prompts you to identify the invoice with an appropriate reference number.
Activate interest calculation: Enable this option to calculate interest automatically based on the interest rate and style of calculation specified.
Cost/Profit Centres Management Features
Maintain payroll: Enable this option to maintain payroll information in Tally.ERP 9 for the selected company
Maintain cost centres: Enable this option to maintain and allocate expenses to cost centres.
Use cost center for job costing: Enable this option to track all income and expenses.
Maintain more than one payroll or cost category: Enable this option to create more than one Payroll or Cost Category.
Use pre-defined cost centre allocations in transactions: Enable this option to define Cost Centre Allocations.
Show opening balance for revenue items in reports: Enable this option to display the opening balance in Cost Centre report for the cost centres which are allocated to the ledgers, grouped under Income and Expenses Group.
I would like to help you with question you asked.
By using the Accounting Features, you can enable various options required for making transactions in your business
To enable the accounting features Go to Gateway of Tally > F11: Features > F1: Accounts.
following are the General feature of Tally.erp 9
Maintain accounts only: Enable this option if you do not have any inventory transactions.
Integrate accounts and inventory: Enable this option to include the stock or inventory balance from the inventory records.Provides a drill down to the stock registers from balance sheet.Disable this option to maintain accounts and inventory separately.
Use Income and Expenses A/c instead of Profit and Loss A/c: Enable this option to display income and expenses a/c as the menu item instead of profit and loss a/c in the Gateway of Tallymenu.
Enable multi-currency: Enable this option to enable working with multiple currencies.
Outstanding Management Features
Maintain bill-wise details: Enable this option to display the option Maintain balances bill by bill in all ledgers created under sundry debtors and creditors. When you enter details of sales and purchases with the bill wise option activated, Tally.ERP 9 prompts you to identify the invoice with an appropriate reference number.
Activate interest calculation: Enable this option to calculate interest automatically based on the interest rate and style of calculation specified.
Cost/Profit Centres Management Features
Maintain payroll: Enable this option to maintain payroll information in Tally.ERP 9 for the selected company
Maintain cost centres: Enable this option to maintain and allocate expenses to cost centres.
Use cost center for job costing: Enable this option to track all income and expenses.
Maintain more than one payroll or cost category: Enable this option to create more than one Payroll or Cost Category.
Use pre-defined cost centre allocations in transactions: Enable this option to define Cost Centre Allocations.
Show opening balance for revenue items in reports: Enable this option to display the opening balance in Cost Centre report for the cost centres which are allocated to the ledgers, grouped under Income and Expenses Group.
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