Accounting – Tally

Final accounts give an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle.

Accounting

  1. Creation of Company
  2. Creation of Ledgers
  3. Passing of Entries
  4. Analyzing Reports such as Day Book, Trial Balance, Profit and Loss Account, Balance Sheet etc.
  5. Adjustment Entries
  6. Bills of Exchange
  7. Interest Calculations
  8. Cost Centres
  9. Pay Roll
  10. Post Dated Vouchers

Statutory and Taxation, Controls

  1. Tax Deducted at Source
  2. Tax Collected at Source (TCS)
  3. Service Tax
  4. Job Costing
  5. Scenarios
  6. Multi Currency
  7. Budgets and Controls
  8. Security Controls
  9. New Financial Year

Inventory with taxation

  1. Creation of Stock Items
  2. Purchase Order, Purchase(Bill\Invoice), Sales Order, Sales (Bill\Invoice)
  3. Bill of Material (for Manufacturing Industries)
  4. Excise Duty
  5. VAT AND CST
  6. Tracking Numbers
  7. Zero Valued Entries
  8. Price List
  9. Reorder levels
  10. Expiry of Stocks