Tally ERP

Tally is developed by Tally ERP solutions pvt. Ltd., a Bangalore based company in India.

• It is used to maintain accounts and inventory details.
• Tally is mainly used for small and medium sized companies.

The process of purchase transaction in Tally ERP is :

1. Purchase Order :

• The purchase transaction starts from the order vouchers when we go into it we will find the purchase order creation.
• We need to fill in the details of the purchase ledger and list of the items that are needed to be purchased.

2. Receipt Note :

• We list items and generate the PO and the is stored in the system.
• After the PO is generated it will be in due until the payment has been made by us.
• The inventory received are stored in the receipt note of inventory vouchers where we write the inventory of the purchase ledger.

3. Rejection Out :

• When the generation of the receipt note is done if we needed to reject any of the items we return in the rejection out where we list the rejection items.

4. Supplier Invoice :

• After the rejection has been done we now  generate the supplier invoice for which the items received in the accounting vouchers.

• Once the invoice is generated we make the payment where we will do the payments of the orders purchased by the ledger.
• Until the payment is paid the purchase order will in the pending state.

5. Payment :

• The payment for the purchase order is done in the accounting vouchers where we find payment and payment is done in accordance with the purchase ledger.

Advantages :

• We can export or import data from one company to another company.
• It supports other languages.

Disadvantages :

• It is difficult to understand for a new user.
• The transaction is not there in a step by step process.
• Very complex in design.
• Mostly run by the keyboard commands.