Financial Accounting With Tally - Overview

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Backup And Restore In Tally

Posted by Veena Devi

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Posted by Veena Devi

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Security Control: In an ideal company scenario, there will be more than one person working on Tally. In such a case, not every person needs to be given the full access. The head of the Departments/Administrator should be able to create different users and assign their rights to them. Tally has a very customizable security system. You can set up Security Levels and users who are placed at these levels. The authority levels or Types of Security decides the rights of the users while using Tally. Tally has two default Security Levels. One is Owner and the other data entry. Owner has full access and rights to all features of Tally, except Audit & Company Alteration screen, which are reserved for the Administrator alone. Data Entry has restricted rights. You are allowed to create other security levels based on these pre-defined types and allow or restrict rights as required. 1) Create A New Security Level: You can create New Security Levels and define task wise access rights. To ...

User & Passwords And Tally Vault Password In Tally

User And Passwords: To create different users who belong to one or more different Security Levels or Types of Security. Go to Gateway of Tally, select F3: Com Info-> Security Control -> Users and Passwords The list of users for Company screen is displayed. A brief description of all the fields in the List of Users for Company name is displayed here automatically. A) Name: The selected company name is displayed here automatically. B) Name of Users: Enter the name of the users. C) Password ( if any): Enter the password if required. D) Security Level: Select the security level from the security list. Note: You need to create Security Levels before creating users or the default security levels available viz. Owner and Data Entry. Altering/Displaying Users and Passwords and Types of Security. There is no separate menu option to alter or display Users and Passwords and Types of Security options. Use the same menu to display or alter user or security level...

Accounting Cycle, Object Of Accounting And Function Of Accounting

Accounting Cycle:- Journal: Transactions on daily basis are first recorded in book known as journal. Ledger: Than these transactions are grouped by transferring to concerned accounts known as ledger accounts. The process of transfer is known as posting. Trial Balnce: At the end of period ledger accounts are balanced and a summary is prepared known as Trial Balance. Profit & Loss: From trial balance the profit and loss is ascertain by preparing final statements. Balance Sheet: After that Balance sheet is prepared which is the statement that shows the value of assets and liabilities as on a particular date. Continuity: The balance of Balance Sheet carried forward to next year and whole process repeat for the year. Objective Of Accounting:- 1. Keeping Systematic Record: The prime objective of accounting is to keep the systematic record of financial transactions, to post them to ledger accounts and ultimately prepare final statements. So that there shall be a ...

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