LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Accounting Entry In Tally-9ERP

manoj (service) (61 Points)

15 January 2010

Dear Sir,

we are using Tally 9 Erp in our office, we are manufacturer.

Q1 is. how we can entry in tally for raw materials

Q2. Raw materials used for manufacture 3 or 5 proudts

Q3 How we can Maintain Stock Of Raw Material & Finished Goods.

Problem is wr i put entries of sales as an inventory than , my stock showing negative.

Pls Suggest me how can i Entry In Tally.

Thanking U

Reply
Follow
Share

16 Replies

Ram Avtar Singh (Nagari Sultanpur U.P.Delhi) (14477 Points)
Replied 15 January 2010

You shoul make vouchser entry & F1 for enventry, F7 for Production only quantity for consumption and production.

Thanks.

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 16 January 2010

You can use BOM facility

manoj (service) (61 Points)
Replied 16 January 2010

Originally posted by : Deepak Tapse
	You can use BOM facility

BOM ?

CA Ghanshyam Joshi (CA, Dip IFR (ACCA UK)) (3229 Points)
Replied 20 January 2010

First Activate Quantitative details for Inventory.

Activate Bill Of Material (BOM) for all Finished Goods items.

on receipt of raw material - enter quantity along with value for each material code.

on production of Finished Goods - pass a inventory entry for production of FG; with this your inventory of FG will be created and Raw material will be consumed.

On passing turnover entry - enter quantity as well as amount; your FG inventory for that product will be reduced by the quantity of sales.

In SAP this is being maped as below -

1) Receipt of raw material -

Raw material Stock A/C Debit (with each raw material wise quantity)

GR/IR (provision A/c) Credit

2) FG produced with the use of Raw Material (consumption of raw material) -

2.a. FG Inventory A/c Debit (at standard cost) with production quantity of FG

Change in FG inventory Credit

2.b Raw Material Consumption A/c Debit

Raw Material Stock A/c Credit (at moving average price) with consumption quantity

3. Sale of FG

3.a Customer A/c Debit - basic price + taxes and duties

Turnover A/c Credit - at basic sales price

Taxes and Duties A/c Credit - at taxes and duty rates

3.b Change in FG inventory A/c Debit - with quantity at standard cost

FG Stock/Inventory A/c Credit - with quantity at standard cost

manoj (service) (61 Points)
Replied 20 January 2010

thank u

rajesh (accountant) (21 Points)
Replied 01 August 2010

Dear Sir,

we are using Tally 7.2 in our office, we are Dealar

Q1 is. how we can entry in tally for

Q2 How we can Maintain Stock Of Goods.

Q3 Cost Entries

Q4 I Want to Billing Thorugh Tally.

Pls Suggest me how can i Entry In Tally.

Thanking U

Deepika (Accountant) (39 Points)
Replied 17 February 2012

respected sir,

How can i pass the fixed assets entry in tally, for eg. hp printer purchase @ 5% vat.

please reply.

Ajay Singh Bhati (Manager (Accounts)) (215 Points)
Replied 27 March 2012

Dear Deepika, In tally, create a ledger account named "HP Printer" under the group "Fixed Assets", then pass the following entry

HP Printer A/c Dr.

Cash or Bank or Supplier A/c Cr.

You don't need to put entry of 5% VAT seperately as you purchased this printer for personal use and not for resale. Just make the above entry with full bill amount.

S E Raju (Manager - Accounts & Finance) (33 Points)
Replied 02 August 2012

working in manufacturing unit

let me know, how to make entry in Tally.ERP9 for Demo sales i.e (Self Sales)

Ajay Singh Bhati (Manager (Accounts)) (215 Points)
Replied 02 August 2012

Can you please exaplain what is Demo Sales or Self Sales??

1 Like

Ajay Singh Bhati (Manager (Accounts)) (215 Points)
Replied 02 August 2012

if for you self sales mean that you are taking the product for your personal use then it will be a drawing or you are selling to yourself for your use then it will be a normal sales entry because business and personal both are seperate things.

So if you are taking it without payment for your perosnal use, then it will be a drawing entry

Drawing A/c Dr.

To Sales

and if you are making payment then normal sales entry like

Cash A/c Dr.

To Sales

Hope it clears your doubt..

Ajay Singh Bhati (Manager (Accounts)) (215 Points)
Replied 02 August 2012

And if DEMO Sales means Free Sample Sent for Demo. Then it would be a Zero Value Sales Invoice.

To do this, on gateway of TAlly, press F11 - Inventory Features, in General, set "Yes" to Allow Zero Valued Entries and then comeout and make a sales voucher with no amount entered, only inventory will be affected in that..

manesh (accounts excecutive) (21 Points)
Replied 02 August 2014

hi , im working in an accounts firm here i have started the accounts by using tally erp. here is my for instance here we have manufcturing product A and Product B, the finished good is Product AB. how to enter this stock groups in Tally. how we can deduct the row materials from inventories. i have done this in tally by adding stock items but when it comes to sale the product is AB and the stock remains the same which mean A , B are still in the inventories.

dattatreya Sarma (accountant) (108 Points)
Replied 07 August 2014

Dear Rajesh

Q1 is. how we can entry in tally for

Open tally and go to accounting entries

selsect the voucher type (payment, receipt, journal, sales & purchase ) and pass entries

Q2 How we can Maintain Stock Of Goods.

while passing purchase entries pass with inventry values (for this you have to create company with "accounts & inventry" ) while makeing sales entries pass with invcentries you can automatically get colsing stock

Q3 Cost Entries

payment voucher or journal you can use for book cost entries

Q4 I Want to Billing Thorugh Tally.

enter sales with inventory values