Computerized Accounting Environment: An Introduction

Commerce

Computerized Accounting Environment: An Introduction

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Tally Intro

Intro to Tally can be determined as the system of both business accounting and also the management of inventory. The basic and advanced concepts are provided with the tally intro. It is considered that before working in tally one must know the basics of accounting. Providing accuracy, carrying out business transactions efficiently is not just time-saving but also makes the calculations simple and easy for the management.

What is the Tally?

Any company’s day to day business data is recorded in an ERP accounting software package which is known as the tally. In India, this ERP accounting software is used in every financial accounting systems, be it small or large scale enterprises. There are various shortcut keys for duplicate entry in tally.

Combination of function keys or voucher keys in tally is tabulated below; this includes credit note shortcut key in tally and shortcut key for optional vouchers in tally

Intro to Tally Basics

Key	Function/Use
F1	This appears at the creation and alteration screen of accounting or inventory vouchers. This is available at all the masters’ screen.
F2	Changing the period for company selection
F3	Changing the menu period and for contra voucher selection in tally
F4	For payment voucher selection
F5	Receipt voucher selection
F6	Selection of journal voucher
F7	For sales voucher selection
F8	For the credit note voucher selection as it is the credit note shortcut key for tally
CTRL + F8	Appears as the shortcut key for optional vouchers in tally and is used for the selection of purchase voucher.
F9	To select the purchase voucher
CTRL + F9	To select the memorandum voucher and another shortcut key for an optional voucher in tally
F10	This is also used in the selection of memorandum voucher
CTRL + F10	The functions and the features screen are selected by these being the shortcut key for an optional voucher in tally.
F11	To select the configure screen at all screens of tally
F12	To select the configure screen

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Here is the list of the tally voucher entry shortcut key including the shortcut key for an optional voucher in tally and shortcut key for duplicate entry in tally in the following table:

Tally Voucher Entry Shortcut Key

Key	Use
ALT + D	This is used in any columnar report for deleting a voucher or a master or a column in any of the columnar report.
ALT + E	This is used to export the report in HTML, ASCII OR XML format.
ALT + I	To insert a voucher
ALT + L	Language configuration selection
ALT + K	Keyboard configuration selection
ALT + O	Uploading the report on the website
ALT + M	Emailing the report
ALT + N	Viewing it in automatic columns
ALT + P	Printing the report
ALT + R	Removing a line in the report
ALT + S	Restoring a line that has been removed by the previous shortcut key.
ALT + U	Retrieving the above-deleted line. A shortcut key for duplicate entry in tally
ALT + V	Bringing the stock journal screen form the invoice screen
ALT + W	The tally web browser is viewed with this shortcut.
ALT + X	Cancellation of a voucher in the daybook or in the list of vouchers
ALT + R	Registering tally
CTRL + A	Accepting a form and duplicate voucher shortcut in tally without asking
CTRL + B	Selecting the budget
CTRL + ALT + B	The company statutory details are checked
CTRL + C	The cost category or Cost Centre is selected
CTRL + E	The currencies are selected by this shortcut
CTRL + G	Selection of the group
CTRL + I	The stock items are selected by this
CTRL + ALT + I	The statutory masters get imported
CTRL + L	Selection of ledger and also as a marker of optional voucher
CTRL + O	Selection of godowns
CTRL + Q	Abandoning a form
CTRL + R	Repetition of narration in the same voucher type
CTRL + ALT + R	Rewriting the data of a company

These are the voucher entry shortcut keys of tally used widely. To excel in tally one must know the entire tally voucher entry shortcut key by heart.

Tally is one of the most important software used for any kind of business. It makes the task easy and time-saving and also error-free with tally voucher entry keys and also with shortcut keys for vouchers in tally. There are also shortcut key in Tally for duplicate entry which solves various business transactions and online functions.

FAQs on Computerized Accounting Environment: An Introduction

1. Give a Brief Description of Tally. How is it Advantageous than any Other Software?

Ans: The accounting software used for various types of organisations for business purpose is called Tally. The tally intro helps in both small and large scale businesses in multilingual operations and online functions in business with the help of credit note shortcut key in tally. Tally software helps in various business transactions with detail of each account. Since the calculations are simple, it becomes easier for all kinds of businesses. It can integrate applications like inventory, sales, finances, payroll, purchasing, and many more. The chances of error also get reduced and are easily learnable from home or designated institutes by the application of credit note shortcut key in tally. It is not just time and cost-saving but also provides accuracy in business management.

2. What are the Versions of Tally?

Ans: In the year 1990, the tally 4.5 was the first version that got released which was based on MS-Dos software. Later there were lots of versions like the Tally 5.4 which was released in 1996. This was a graphic interface version. Tally 6.3 was released in 2001 while Tally 7.2 got released in 2005. Tally 8.1 had a new feature of payroll and Point of Sale (POS). Tally 9 had features like TDS, FBT<, E-TDS Filing and many more. The latest that got released in 2009 is the Tally ERP 9 software which has maximum features for various business purposes.