How to create an Investment in Tally ERP 9.0 share bonds govt securities longterm deposits
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To create an investment in Tally ERP 9.0 for shares, bonds, government securities, and long-term deposits, follow these steps:
Go to "Gateway of Tally" and select "Accounting Vouchers."
Choose the type of investment you want to record (e.g., payment, receipt, journal).
Enter the date of the investment transaction.
Select the appropriate ledger for the type of investment (e.g., Shares, Bonds, Government Securities, Long-term Deposits).
Enter the amount or quantity of the investment.
Save the voucher by pressing "Ctrl + A."
By following these steps, you can quickly record your investments in Tally ERP 9.0. Remember to categorize each investment appropriately under the respective ledger accounts for easy tracking and reporting.
Tally is a popular accounting software used by businesses for various financial and accounting purposes. It helps manage and streamline accounting, inventory, taxation, payroll, and other financial processes. Tally is known for its user-friendly interface and powerful capabilities, making it a preferred choice for businesses of all sizes.
Tally was invented and developed by Shyam Sunder Goenka, an Indian businessman and the founder of Tally Solutions Pvt. Ltd. The software was first introduced in 1986 and has since evolved into different versions, with Tally ERP 9.0 being one of the most widely used versions.
Creating duties and taxes in Tally ERP 9.0 involves configuring the relevant tax and duty ledgers and setting up the tax rates. Here's a step-by-step guide on how to do it:
Open Tally ERP 9.0 and select the company in which you want to create duties and taxes.
Go to "Gateway of Tally" and then to "Accounts Info."
Select "Ledgers" and then "Create" to create a new ledger for duties and taxes.
Choose the appropriate ledger group for duties and taxes (e.g., Duties & Taxes or Current Liabilities).
Enter the name of the tax or duty in the "Name" field.
Under "Tax Type," select the appropriate tax type from the list (e.g., VAT, GST, Service Tax).
Set the applicable tax rate in the "Tax Rate" field.
Save the ledger by pressing "Ctrl + A."
Now, go back to "Gateway of Tally" and navigate to "Display" and then "Statutory Reports."
Select the relevant report for the tax or duty you have created (e.g., VAT Computation, GST Computation).
Tally ERP 9.0 will automatically calculate the tax or duty based on the transactions recorded in the system and display the relevant information in the report.
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