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The business operations are include  huge activities and contents. All the activities which includes money will be treated as part of accounts because we have to calculate or figure out all the business transaction so it requires that it  must be maintain proper records. We h

Vat (value added tax) Value added tax also known as " VAT " is levied on products or goods at every stage of production , distribution of goods and services. when a person purchase and sell some goods and services then he have to pay some percentage of his profit in favour of government. If someone turnover is less then 5 lakh then it is not required to pay vat to govt. The value which is added in the nominal value of goods with profit is called vat. Meaning and concept of value added tax Vat is imposed on goods and services at export stage, import stage, manufacturing stage, wholesale and retail stage. Vat is applied for some specific goods and services. However in the year 2017, the goods and services tax (gst) has been introduced in place of all indirect taxes in India but there are some exceptional cases where value added tax "vat" has been implemented. Vat in India is computed on some particular goods and services. Vat example: Gold, silver, prec

Stock creation in telly ERP 9  Stock is goods that we sell and manufacture. The stock means goods that kept in the godowns or warehouses. In telly ERP 9 we create stock for maintaining proper record of every sales and purchase of these stock items. How to create stock in telly step by step Step 1: Create a company by pressing alt+ f3 them choose "create company". Step 2: Go to company features (F11) select "inventory features". Enable "maintain multiple godown" Enable "maintain stock categories" Enable "maintain batch wise details" Step 3: Back to gateway of telly then press F12 for configuration. Use the inventory feature as per requirement. Step 4: After enabling all the feature back to gateway of telly select inventory info. And creat heads given below.  You can  use multiple stock creation as well as single stock creation.  Multiple stock creation   By choosing mul

Learn telly ERP 9 full tutorial and get free telly notes. Here are various questions to practice and examples. Order processing In telly ERP 9, Order processing is linked to the inventory management of godown and warehouses. This function allow us to maintain the record of arrival as well as supply of stock.  This feature used to send order of required goods and materials. Purchase order Purchase order in telly ERP 9, is a document or a invoices which is given by the buyer to the seller as information or placing required stock or  goods. By sending this document you can easily inform the seller about requirements of particular goods with price and quantity related attributes. Purchase order in telly ERP 9 Step 1: creat a new company by pressing alt+f3 then choose creat company. How to create company Step 2: Go to gateway of telly, press F11 select "Accounting features" enable : Enable purchase order processing.  Enable sales o

How to create company The first step after download telly ERP 9  software we shall start working on the telly ERP 9 and firstly we create a new company by choosing "create company" option. After choosing it you will see all important data which must be entered into telly such as company name, country, state, contact no., Website etc. After entering data that company will be created. There are brief points that will help to understand each heading of company creations screen. Directory The first head is for directory selection. It is basically a path where the all information and data would be save. If you want to change the directory path then you can simply press backspace and enter your desired path but if you skip the directory selection it automatically by default saved in earlier specified field.   Company Name In the name field you have to enter company original name which data will going to be maintain. This name will be appeare in all the bil

Installation of telly ERP 9                                      The software is accompanied by installation package when run on the computer. The software setup and install carrying out defined instructions. This software can be downloaded from software providers and their website. How to install telly ERP 9 ( Download telly ERP 9 reales 6.6 series ) Step 1. After downloading software you can easily click on start option. Step 2 Enter the software data location where all data will save. Ex. Type <cd drive>: \ install. Step 3 press enter when you see the telly ERP 9 wizard screen. Step 4 click next to continue with the installation. The telly ERP 9 setup screen appears . 1. The program section check select telly ERP 9. 2. In telly ERP 9 setup section, you can accept the default directory and click next. 3. By default, India/SAARC appears in the country selection. Select other if you are not from this country. 4. Click install . 5. You will see setup lan

Journal entries concept Business transaction that can be measure in terms of money Will be recorded in the book of accounts on the basis of evidence such as bills of purchase, sales invoices, debit and credit notes etc. These books of accounts are majorly classified into two categories 1. Journal and 2. Ledger. Journal is a book in which transaction are recorded in the order in which they entered i.e. chronological order. All business transaction are first recorded in journal and after that it posted to the ledgers account. Ledger is known as principal book of accounts and all the important data and information can be obtained from this book. Definition According to "cropper", A Journal is a book, employed classify or sort out transaction in a form convenient for their user subsequent entry in ledger." Characteristics or features of a journal 1. Journal is book where original entry are first made before sending them to ledger accounts.  2. It is book whe

Telly software Telly ERP 9, is a accounting software generally use all accounts related framework and it was developed by the telly solutions in the year 1986 by Shyam sunder goenka and with help of his son Bharat goenka. Shyam sunder goenka was also running a business. Use telly ERP 9 Telly is accounting software and it is designed to integrate and use automatically all the business transaction. The business which deals regularly with different types of companies have to face accounting problem. As the business grows, acquire new customers and enter a new markets, we need to maintain highly accurate and upto date accounts and inventory records. Most Popular accounting software An accounting software such as telly, busy, merge etc helpes to simplify, integrate and still alive all our business transaction in an easy and cost effective manner. The accounting software are able to hendal more the one company data simultaneously. Telly ERP 9 needs Telly ERP 9 is business manage

  Book keeping                                                                             Book keeping is a art where the part of accounting the process of recording financial transactions in a systematic manner and classifying them into ledger accounts termed as book keeping. Process of financial transaction • Identifying financial transactions and events . • Measuring them in terms of money. • Recording the indentifyed transactions in           books of accounts. • classifying posting them into the ledger              accounts. • Analysing and interpretation • Communicating to the users. Accounting is the art or is the primary consult recording, classifying, summering in a significant manner and in terms of money, transactions and events which are in part at least of financial character and interpret the results thereof. Business transaction The term business transaction means a financial transactions or event entered by the two parties and it will recor