Tally GST Advanced Course

Tally software automatically creates 28 groups. The 28 groups are divided into two types. They are Primary Groups & Sub Groups.

1. Primary Groups:- Primary group is a main group. 
2. Sub Groups:- Sub group is a part of the main group.

Assets: • Fixed Assets • Current Assets

Incomes: • Direct Incomes • Indirect Incomes

Expenses: • Direct Expenses • Indirect Expenses

Liabilities • Long Term Liabilities • Current Liabilities

1) Payment Voucher:- 

1. Payment voucher is used when you paid any amount in Cash/ Cheque /  to any party against any credit purchases or any due amount or give loan to any person. You have to press F5 function key to activate this type of voucher in tally accounting software. 

2) Receipt Voucher:-

1. Receipt voucher in Tally is used when you received any amount in Cash/ Cheque/  from any party against any credit salesor any due amount or received any loan. You have to press the F6 function key to activate this type of voucher in tally accounting software.

3) Contra voucher:-

1. Contra voucheris used when you deposit any cash in bank account or cash withdrawal from bank account by Cheque  ATM or Fund transfer from one bank account to another bank account by Cheque. You have to press F4 function key to activate this type of voucher in tallyaccounting software.

4) Purchase Voucher:- 

1. Purchase Vouchersis used when you have to purchasesome goods from any party and you get an invoice against cash or credit purchase from the party. Tally provides the facility to create purchase and credit purchase entries from Purchase. 

5) Sales Voucher: 

1. All entries which are related to sold goods are entered by this voucher. this type of voucher in tally accountingsoftware. You can use this voucher type for credit and cash sales entries in tally software. There are two modes in which you can make an entry in the sales voucher either in voucher entry mode or invoice mode.

6) Journal Voucher:- 

a. Journal Vouchers are used to adjust the debit and credit amounts without using the cash or bank accounts. … You can also make any credit purchases or sales any fixed assets entry through this voucher. You have to press F7 shortcut to activate Journal voucher in Tally.