Transactions In Tally ERP.9.
The first step to get started with Tally is to create a company in Tally. ... The transaction details recorded for Smart Agencies are elaborated in the illustration.In Tally Software we can record the Accounting Transactions using various Accounting Voucher Types like Simple and easy steps to enter & manage transactions in Tally. ERP 9.
A voucher is the primary online document for recording transactions. Transaction recording and analysis are greatly facilitated by having specific formats for different types of transactions. Tally provides 16 predefined voucher formats. These are used for recording various transactions pertaining to both accounting and inventory. Some of these vouchers can also be used differently according to the situation. For example, sales vouchers can be used as invoices. Such use can be decided at the time of voucher entry by selecting the appropriate button.
Tally acknowledges the special requirements of some users for more voucher types. These arise in cases like when the user needs the same voucher but in different names or separate series of numbers. Examples include Cash Payment vouchers and Bank Payment vouchers where the relevant predefined voucher is Payment Voucher.
For example, when you purchase a book from an online bookstore, you exchange money (in the form of credit) for a book. If your credit is good, a series of related operations ensures that you get the book and the bookstore gets your money. However, if a single operation in the series fails during the exchange, the entire exchange fails. You do not get the book and the bookstore does not get your money. The technology responsible for making the exchange balanced and predictable is called transaction processing. Transactions ensure that data-oriented resources are not permanently updated unless all operations within the transaction unit complete successfully.
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