Education Session

Interest calculation Interest is amount or rate which is charged on a principal amount borrowed by a person for a given period of time. The interest also known as the extra amount payable on the basis of installments. The interest is usually payable on loans, bank loan, loan from creditors, interest on savings account etc. Interest calculation on loan is calculated by taking the principal amount taken and how long it will going to use. Then the rate of interest is decided. Types of interest We have generally two types of interest given below: 1. Simple interest : It is interest basically charge on principal amount borrowed. The amount of interest is set on the amount of loan taken. 2. Compound interest : It is a interest which calculate on both principal amount and also compounding interest which is to be paid on loan or amount taken. Interest calculation in telly ERP 9 In telly ERP 9, we can easily calculate interest on various situations such as interest calc

Why IT skills are most in demand As we know the information technology is rapidly growing in our almost life, day to day operations etc. Now, in new generation we wanted to reduce are time in doing paper work instead we want to make digital form of operations in every where. The IT skills can provide knowledge about how to make better opportunity to excel of business as well as our daily working load. There are various kinds of information technology skills which is very important and demanding in future. These provide a great impression in your C.V  and also your personal world. There are top five IT skills in demand so it can help to maintain business as also your job career in future: 1.Digital marketing The digital world growing unanimously in all over. Digital marketing is most in-demand  skill for the future.Now marketers trying to grab this opportunity to use digital platform for marketing. Digital marketing means gathering huge number of people in one place and

What is budget in an organisation A budget is a plan or eatimation for the flow of funds in an organisation. It contains financial guidelines and principals for the future plan of action for the specific or selected period of time. A  budget and budgetary control in business organizations is maintained for getting actual estimated value of money which would be gathered from taking all revenue and expenditure of an organisation. By making budget we assume the future probability to generate profit as well as budget control in project management etc. Need of the budget in an organisation. A budget help us to define goals and future plan for enabling good wealth of a business. Generally, the need of budget and control in organisation is maintaining proper use of resources that are given and use of funds efficiently. It provides a accurate information for evaluation of financial activities or transaction, aids in decision making and facilitate a reference for future plans.

What is debit note and credit note  Debit note and credit note are the documents that are issued to party stating we are debiting or crediting your account. When it says debiting the account it means the party must to be pay the amount to the giver of the debit note. It generally happen transaction such as purchase return, other expenses incurred by you on behalf of the company or business. when talking the credit notes the business might give credit notes to party for not adequate transaction. It generally happen transaction such as sales return etc.  Why debit note and credit note required These documents are required for making complete transaction with the party involved. Debit note and credit note in telly ERP 9 are very simplistic as possible for user. When purchasing goods from the party it may be damage and defected in this case the involved party will get debit note invoice for the purpose of  returning the goods which are damaged. Credit note would be provided t

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