PAYROLL

PAYROLL

Payroll is the process of maintaining records of all employee salary under various pay head, all statutory and non- statutory deduction attendance/ absent record.

Working steps:-

Create a company and then activate payroll as follow:

To Activate Payroll: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F1 (Accounting Features).

Create attendance/ production types as follow:-

Path for attendance/ production types creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Attendance/ Production Types --> Create.

Here, press “Alt + C” to create unit as follow:-

And then accept the attendance type:-

After that create employee group:-

Path for employee group creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Employee Group --> Create (Single).

And then create employee:-

Path for employee creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Employees--> Create (Single).

Create pay head:-

Path for pay head creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Pay Heads --> Create.

Create salary detail of Ram and Shyam:-

Path for salary detail creation of Ram: - G.O.T. (Gateway of Tally)--> Payroll Info--> Salary Detail --> Create--> Ram.

Path for salary detail creation of Shyam: - G.O.T. (Gateway of Tally)--> Payroll Info--> Salary Detail --> Create--> Shyam.

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Payroll Voucher--> Press Ctrl + F5.

Now press “Ctrl + F4” to open payroll voucher:-

Press “Alt + A” to auto fill information.

Now you can see the payroll report as follow:-

Path for view report of payroll: - G.O.T. (Gateway of Tally)--> Display--> Payroll Report--> Statement of Payroll--> Pay Slip--> Ram/ Shyam.

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JOB COSTING

JOB COSTING

The job costing feature allows to track cost and revenue information down to the smallest detail. Costs associated with the planning, implementation and completion of a project or job are known as job costs. It includes expenses related to labour, material purchase, subcontractor costs, as well as other costs and inventory consumed on projects. You can track the costs/ expenses by assigning them to specific incomes received on account of jobs/ projects, job costing is used.

Working steps:-

 First of all, create a company and then activate job costing as follow:

To Activate Job Costing: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F1 (Accounting Features).

After that, activate multiple godowns as follow:-

To Activate Multiple Godowns: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F2 (Inventory Features).

Now create cost category:-

To Create Cost Category: - G.O.T. (Gateway of Tally)--> Accounts Info--> Cost Categories--> Create (Single).

And then create cost centres:-

To Create Cost Centres: - G.O.T. (Gateway of Tally)--> Accounts Info--> Cost Centres--> Create (Single).

Create multiple ledgers as follow:-

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Multiple).

Now create stock master as follow:-

To create stock group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create (Single).

To create stock item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create (Single).

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher).

Now alter in voucher types:-

Path for alteration in voucher types: - G.O.T. (Gateway of Tally)--> Inventory Info--> Voucher Types--> Alter--> Stock Journal.

And then do stock journal voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press “Alt + F7” (Stock Journal Voucher).

Press F8 to do Sales Voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F8 (Sales Voucher).

Now you can see the summary of job costing as follow:-

Path for view summary of job costing: - G.O.T. (Gateway of Tally)--> Display--> Statement of Inventory--> Job Work Analysis--> Gorakhpur.

For more details, press “Alt + F1”.

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MULTILINGUAL

MULTILINGUAL

If we want to maintain the records of our company in more than one language in tally, then we use Multilingual option.

Tally.ERP9 supports Indian regional languages which are following:-

Hindi, English, Punjabi, Guajarati, Tamil, Kannad, Malayalam, Bengali,Telgu, Marathi & Urdu.

To change tally language: - G.O.T. (Gateway of Tally)--> Press “Alt + G”.

Various languages will be available on our monitor screen as follow:-

We can select any of them.

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EXCISE DUTY

EXCISE DUTY

Excise duty is a tax on goods produced or manufactured in India and intended home consumption. Home consumption means goods sale in India.

Excise duty is chargeable at the time of removable.

Rate of excise duty:

      1)    Basic Excise Duty: - Rate 16% (on assessable value).

      2)    Educational Cess: - Rate 2% (on excise duty).

      3)    Secondary Educational Cess: - Rate 1% (on excise duty).

Excise Valuation Method:-

At the time of production:-

       1.    Adquantum method: - Excise duty is payable on the basis of certain unit like weight, length etc.

At the time of removable:-

       2.    Advalorem method:- It consists following facts:

                               I.            The goods sold at the time and place of removable.

                             II.            Buyer should not be related with any other country.

At the time of light quantity (low quantity):-

      3.    MRP: - It means maximum retail price on which the exciseable goods are sold to the consumer.

Working steps:-

Create a company and then activate Excise Duty as follow:

To Activate Excise Duty: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F3 (Statutory & Taxation).

And then create ledger:

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).

Create voucher types as follow:-

Path for voucher types creation: - G.O.T. (Gateway of Tally)--> Inventory Info--> Voucher Types--> Create (Single).

And then create tariff classification:-

Path for Tariff Classification creation (international identity of goods):- G.O.T. (Gateway of Tally)--> Inventory Info--> Tariff Classification--> Create.

Now create stock master as follow:-

To create stock group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create (Single).

To create stock item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create (Single).

Here, first create grombar stock item:

Now create steel sheet stock item:

And then create hot rolled beam stock item:

Now do voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher)--> Excise Purchase.

Press F8 to open Sales Voucher.

See the report:-

Path for view Excise report: - G.O.T. (Gateway of Tally)--> Display--> Statutory Report--> Excise Report--> Manufacturer--> Excise Computation.

Now do Payment Voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Accounting Voucher--> Press F5 (Payment Voucher)--> Press F12 (Configuration).

All the payment have been made.

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