26 October 2017

Difference between normal and online calculation in Tally ERP 9

In Tally ERP 9 you can use calculator in two way. Either you can use simple calculation or Online Calculation. 


(You can also watch our step by step video🎬)



To calculate in simple mode: Open calculator by pressing Ctrl + N > Make your calculation and remember the output > Close calculator by pressing Ctrl + M > Put the amount in the correct field.

To calculate in online mode: Make sure your selection is in the correct field where you want the result > Press Alt + C >   Make your calculation (in this case you are not required to remember the output) > Press Enter

Tally have a interactive calculator, hence you can also use it other than calculation purpose, I will make it clear in my next post.

21 October 2017

How to create a compound unit of measure in Tally ERP 9

Hi friends, to create a compound unit of measure, follow the steps mentioned below:
You can also watch our step by step video🎬  


πŸ‘‰ Go to Inventory info from Gateway of Tally > units of measure > create


πŸ‘‰ If you want to create a complex compound UOM you must have at least two simple UOM. Here you can directly create those from or you can create them online.


πŸ‘‰ Now go to the "type" field and select it as compound instead of simple.


πŸ‘‰ In the "First unit" field select the greater unit (or create, if you not created it already, by pressing Alt + C) [for example: kg.]


πŸ‘‰ In the "Conversion" field type the rate of 2nd unit [for example: 1000]


πŸ‘‰ In the second unit field select the smaller unit (or create if you're not created it already by pressing alt + c) [for example gm.]


πŸ‘‰ Finally save it and you are done. πŸ‘

18 October 2017

How to manage inventory in tally erp 9

In Tally ERP 9 you can you can manage all your trading inventories in deferent groups and categories. You may also wish to maintain multiple godowns. In this post I am going to show you uses of these elements.

You can also watch our step by step video 🎬 


1. Feature: To manage inventory/stock, first you need to enable the integration between accounts and inventory. To do so, follow the steps below:

πŸ‘‰ Press F11 > Select Accounting info (F1) > Set "yes" to the option "Integrate accounts and inventory".

2. Stock Groups: You may have stocks under deferent groups and you can create those groups in Tally. To do so, follow the steps below:

πŸ‘‰ Gateway of Tally > Inventory info > Stock Groups > Create > Type your group name > Save.
(You can select those groups as under of the relevant stock items.)

3. Stock Categories: You can also use Stock Categories to classify your stocks farther. Although these feature will be disabled by default but you can enable it any time if you need it. Follow the steps below:

πŸ‘‰ Press F11 > Inventory features (F2) > Set "yes" to the option "Maintain stock categories" >  Save & Back to Gateway of Tally > Inventory info > Stock categories > Create > Type the name of category you want > Save.

4. Godowns: If you have multiple godowns and you want to maintain them for allocating stock items, then you have to enable this feature also. To do so, follow the steps below:

πŸ‘‰ Press F11 > Inventory features (F2) > Set "yes" to the option "Maintain multiple godowns" >  Save & Back to Gateway of Tally > Inventory info >  Godowns > Create > Type the name of Godown you want > Save.

5. Units of Measure (UOM): Now this is a must to have element is you sold goods (not mandatory for service). Recognize all of the measuring units suitable for your stock items (like Pcs. , Kg. , Ltr. , Box etc.) . To do so, follow the steps below:

πŸ‘‰ Gateway of Tally > Inventory info > Units of Measure > Create > Type the symbol of UOM (Ex: Kg) > Type the formal name of UOM (Ex: Kilogram) > Save.
6. Stock Items: Finally you can create your stock items and assign all of the element above into each of them. To do so, follow the steps below:

πŸ‘‰ Gateway of Tally > Inventory info > Stock Items > Create > Type the symbol of Stock item > Select the under as relevant group > Select the relevant category > Select the relevant UOM > Put opening quantity (if any) in "Quantity" field & press Enter > Select the Godown > Put the rate of each item in the "Rate" field > Save (twice for both windows).
> Save.

So now all of your Inventories/Stock Items are ready for passing any purchase, sale, debit/credit note or any other inventory vouchers. You can also see them in "Stock summary" report (available in gateway of tally).

17 October 2017

How to print invoice automatically?



In Tally ERP 9 you can print an invoice by pressing Alt + P, but if you have lot of transaction you can also setup for automatic printing for speed up the invoice generating process. To do so follow the instruction given below:
(You can also watch step by step video 🎬  )



1.      Gateway of Tally > Accounting info. > Voucher types > Alter

2.      Select the voucher you want to setup (For example: "Sales")2.      Select the voucher you want to setup (For example: "Sales")




3.      Set “Print voucher after saving” to “Yes”
4.      In the field, “Default title to print on invoice”, type a name you like to be printed on the heading of  the printed invoice (For example: INVOICE or TAX INVOICE)
5.      Finally save the settings and enjoy faster billing. πŸ‘

03 October 2017

What is Synthetic Asset

When we combine more than one financial instruments or derivatives and the combination creates together an equal value of the underlying asset. It can be termed as synthetic asset or synthetic position.

Example: Suppose you buy a long call option of any particular stock/commodity/currency or any other market indexes @Rs.100, and in the same time you also sell a short put option for the same @Rs.100, now it will be the same as purchasing the underlying asset at Rs.100 on expiration.