Integrate Accounts and Inventory
This option has a significant effect on the Balance Sheet and
Profit & Loss Account. If set to Yes, it extracts the
stock/inventory balance figures from the inventory records and provides a drill
down to the Stock registers from the Balance Sheet.
If set to No, it ignores the inventory
books figures and picks up manually entered closing stock balances from the
ledger account created. This facilitates the maintaining of
accounts and inventory separately.
Stock records often contain compensating errors caused by wrong
allocation to items. This feature enables finalisation of financial books without waiting for the reconciliation of stocks.
Statement Instead of P & L
By Default, this option is set to No.
If set to Yes – Tally.ERP 9 displays Income & Expenses A/c instead of Profit
& Loss A/c in the Gateway of Tally.ERP 9 Menu. Income and Expenditure
statement generally used for Non-Trading accounts and Profit & Loss a/c are
used for trading accounts.
By Default, this option is No.
Set this option to Yes, if you want to create
multiple currencies and the Menu Currencies is displayed in Gateway of Tally >
Accounts Info. menu.
Maintain Bill wise Details
The Bill-wise facility is made functional by setting this option
to Yes. By activating the Billwise feature, the ledger masters under Sundry Debtors and Sundry
Creditors automatically displays an additional option called Maintain balances
bill-by-bill. On setting this option to Yes, an additional option
Default Credit Period is displayed.
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. The reference can then be used to allocate
payments to the correct invoice to maintain an accurate account of outstanding.
Non-Trading A/cs also)
If you want to maintain bill wise details for Non-Trading Accounts also, set this option to Yes. Bill wise Details for Non-Trading Accounts is useful in those cases where one needs to track either an installment to be paid
or a loan amount to be received over a certain period of time.
Activate Interest calculation
Set this option to Yes to enable Tally.ERP 9 to calculate interest automatically based on
the interest rate and style of calculation specified. Enabling this option
allows interest calculation on outstanding balances for any ledger account or
on each invoice for the period it is outstanding completely or partly.
The advanced parameters are useful when interest rates change from
time to time. Set this option to Yes to enable this function.
Cost/Profit Centres Management
Set this option to Yes if you want to maintain Payroll information on Tally.ERP 9 for the
selected company .
Maintain Cost Centres
A Cost Centre can be defined as a unit of an organization to which
transactions can be posted. When only costs or expenses are allocated to these
units, they are referred to as Cost Centres. The Cost
Centre feature is activated by setting this option to Yes.
Center for Job Costing
Set this option to Yes to track all income and expenses for a Job/Project.
ONE Payroll/Cost category
Set this option to Yes to create more than one Payroll or Cost Category.
Pre-defined Cost Centre Allocations during Entry
Set this option to Yes to define Cost Centre Allocations. Refer Cost Centres and Cost Categories for details.
Opening Balance for Revenue Items in Reports
Set this option to Yes 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.
Set this option to Yes, to create Sales and
Purchase vouchers in the invoice format. The advantage of using the invoice
format for sales invoice entry is that it enables automatic calculations of
Duties and Taxes accounts.
Purchases in Invoice Format
Set this option to Yes, to enable voucher class
option in purchase voucher type.
The Debit Note and Credit Note voucher types are made available
only if this feature is set to Yes.
Invoice Mode for Credit Notes
Set this option to Yes to create Credit Notes in Invoice Mode.
Invoice Mode for Debit Notes
Set this option to Yes to create Debit Notes in Invoice Mode.
& Scenario Management
Maintain Budgets and Controls
Set this option to Yes, to create multiple
budgets. The Budgets menu option is displayed in Gateway of Tally > Masters Info. > Accounts Info. menu.
Reversing Journals & Optional Vouchers
Setting this option to Yes displays the Scenario option in Accounts Info menu. You
will now be able to create and alter Scenarios. You can enter the Reversing
Journal and make it Optional, so that the entries do not to affect the books.
Enable Cheque Printing
Set this option to Yes, to enable Cheque Printing. Refer Cheque Printing
Set this option to Yes to alter features with respect to
Banking. Refer Banking Features for details.
Allow Zero Valued
Entries in Vouchers
Set this option to Yes, to allow Zero valued entries in vouchers.
Mailing Details for Company & Ledgers
Set this option to Yes, to maintain multiple mailing details for your company and ledgers. Refer Multi Address for details.
If this option is
set to Yes, Tally.ERP 9 will allow you to alter the
Create/Alter Address Types.
Enable Company Logo
This option allows to print the company's logo on the selected vouchers,
reports and invoices.
Set this option to Yes, the Company Logo screen appears. Specify the path of the logo image file under Location of Logo (E.g.
C:\Tally.ERP9\CompLogo.bmp). The Company's logo is printed on the top left of
the respective voucher, report or an invoice.
To view the
invoice and reports with logo click the respective links below:
Note: It is essential that the logo is saved as a Bitmap or JPEG image
file and resides in the path specified by you. Ensure that the extensions .bmp/.jpg is
also specified while providing the location of logo.
The recommended size
for logo image is 96 x 80 (Width x Height) pixels.
You can toggle
between the Accounts, Inventory, Statutory, Tally.NET and
the Tax Audit features screen using F1, F2, F3, F4 and F5 keys
or by using the options on the Button Bar respectively.