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Basic Guide for Using Tally ERP 9 Release 6.3 in 4 Steps

inERP software solutions posted onJune 7, 2019
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With the implementation of the GST, various accounting packages such as ClearTax and Tally are available to help you prepare your books in accordance with the GST rules. If you’re having trouble and you do not know how to use Tally for GST-based accounting, this article will help you understand how to set up TPS in Tally.ERP 9.

What is Tally.ERP 9

Tally.ERP 9 is one of the most used accounting software in India. It is complete enterprise software for small and medium businesses.
Tally.ERP 9 is a perfect business management solution and GST software that combines functionality, control, and integrated customization.
Tally.ERP 9 allows business owners and their associates to interact more in account discussions. It’s a complete product that retains its original simplicity while offering comprehensive features such as accounting, finance, inventory, sales, purchasing, point-of-sale, and manufacturing. , Cost calculation, labor costing, payroll, and branch management, as well as compliance functionality for excise, TDS, SDC and now, GST too!

Basic Guide On How To Use Tally.Erp 9 Release 6.3 In 4 Steps

Do you keep your books manually and do you plan to buy VAT software? Do you use Excel to record business transactions? Or are you already using VAT software and are you planning to try Tally.ERP 9?
Whatsoever your background, find out how stress-free it is to use Tally.ERP 9 for 100% VAT compliance. Tally.ERP 9 is software ready for VAT. It’s simple and flexible to use. It has been designed to take into account the different types of businesses and their daily needs. Make the transition from your business to VAT without disrupting your daily business activities.

Start with Tally.ERP 9 in 4 easy steps:

  1. Download Tally.ERP 9 Release 6.3
  2. Install and Run the setup.exe file from Tally.ERP 9
  3. Create a company and activate VAT: Open Tally.ERP 9. In Gateway of Tally> Create a company. Choose the country. Do not forget to select your emirate if you are from the United Arab Emirates.
  4. Under Statutory Information, enable VAT at Yes. Enter TRN. Select the monthly or quarterly frequency that suits your business. Press Ctrl + A to save.
  5. Create a large VAT book: In Gateway of Tally> Account Information> General Ledger> Create. Create a ledger under Duty and Taxes. You can name the general ledger according to your preferences. For example Ledger VAT. Enter the remaining details as needed. Press Ctrl + A to save.

With the four simple steps mentioned above, you can start entering your business data into Tally.ERP 9 and make sure that the data is saved according to VAT. You can also be sure that the entries are error free.
You no longer have to worry about VAT compliance. If errors occur while entering transactions, Tally.ERP 9 will alert you. All other accounting ledgers are available by default and you can create new ones if you wish.
With Tally.ERP 9, you can print invoices that comply with VAT. This will give more confidence to your buyers and suppliers and improve your business relationships. You can also retrieve reports they may need at any time, such as receivables, debts, outstanding amounts, etc.
In addition to the fact that you no longer need to keep physical records for 5 years, the main advantage of Tally.ERP 9 is that you can keep your company’s data up-to-date and comply with VAT.

Do you already use accounting software and do you plan to try Tally.ERP 9?

Start with Tally.ERP 9 as mentioned in the 4 steps mentioned above.
Tally.ERP 9 supports all standard data formats. You will not experience any data integration or migration issues.
Tally.ERP 9 is a VAT-ready software and a complete enterprise management solution. Get unparalleled experience in simplicity, reliability, speed, and flexibility with Tally.ERP 9. Focus on growing your business and let Tally run your business and VAT compliance.
Visit TallyHelp to explore more.

Conclusion

Tally is the most popular and effective accounting tool that makes the life of an accountant easier. Anyone looking to enter the accounting field or who wants to pursue a career in accounting should learn Tally.ERP 9 because of the benefits of using Tally.ERP 9 is more relevant to small and medium-sized businesses. In addition, simplicity is the driving force that drives users of financial information to actively use Tally as an ERP solution for their businesses.