Tally

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Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Can Any one provide me best book for learn tally. because i don't have time to go classes for specially tally.
If any one have PDF or word file of tally learning book then please send me on

harshadcjain@gmail.com

Thanks in advance...

@VaibhavJ

@VaibhavJ (Expert)
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02 March 2013 Hey,

Pl refer

https://www.caclubindia.com/experts/details.asp?mod_id=1198169

Hope this will help you.

Thanks!!

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Thanks you so much Vaibhav..

But i want to know about all journal entries and when we need to pass JV and What we need to do in end of the year to finalize the account in Tally..

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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26 July 2025 Got it! You want a clear guide on:

* All important **Journal Entries** in Tally
* When and why to pass **Journal Vouchers (JV)**
* How to **finalize accounts at year-end** in Tally

Here’s a quick overview to help you out:

---

### 1. **Common Journal Entries & When to Pass Them**

| Entry Type | When to Pass | Example / Purpose |
| ------------------------------------- | ---------------------------------------------- | --------------------------------------------------------- |
| **Expenses not entered via Purchase** | When you pay expenses without purchase invoice | Salary, Rent paid in cash, Office expenses |
| **Accruals** | At month-end | Expense incurred but not yet paid (e.g. electricity bill) |
| **Prepaid Expenses** | At year-end/start of next year | Insurance premium paid in advance |
| **Depreciation** | At year-end | Depreciate fixed assets |
| **Interest on Loan** | At month-end or year-end | Interest accrued but not paid |
| **Income Accruals** | At year-end | Income earned but not received (e.g. interest receivable) |
| **Corrections/Adjustments** | Anytime | To correct previous mistakes or adjust accounts |

---

### 2. **How to Pass Journal Voucher (JV) in Tally**

* Go to **Gateway of Tally > Accounting Vouchers > F7: Journal**
* Enter the date, debit ledger, credit ledger, amount, and narration
* Save the voucher

---

### 3. **Year-End Finalization in Tally**

* **Reconcile all ledger accounts** (bank, creditors, debtors)
* **Pass all necessary adjusting entries** (accruals, prepaid expenses, depreciation)
* **Run Trial Balance** to check if debit = credit
* **Generate Financial Statements** (Profit & Loss, Balance Sheet)
* **Backup your company data** after finalizing

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### Bonus:

For a detailed step-by-step and examples of journal entries and year-end activities, you can check out some popular free PDFs and YouTube tutorials like:

* **Tally ERP 9 Complete Course by Tally School**
* **Accounting Basics by CAclubindia**
* **Books like "Tally ERP 9" by Asok K. Nadhani** (available on Amazon or other book sites)

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If you want, I can prepare a simple PDF or checklist with common JVs and year-end steps for you. Would you like me to do that?

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