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How to Create Stock Items in Tally for Accounting with Inventory?


Tally is built for Inventory Management as well, for that Stock Items are used in this Accounting Software, in order to maintain the Stock Register in Tally ERP 9. Stock Items in tally refers to the physical stock situated in the company warehouse which is meant for resale. In order to maintain Accounts with Inventory we have to create Stock Items.

Stock Item or Inventory Creation in Tally ERP 9
Simple Stock Item Created in Tally ERP 9 Accounting Software

In order to create Stock Item in Tally we have to get to the Gateway of Tally screen there select Inventory Info option. From there choose Stock Item. Here we can create Stock item either one by one or all the Stock Items at a time. And let us see how we can do it.

Single Stock Item Creation in Tally.ERP 9

Using this method the user can create one and only Stock Item at a time. Here he is allowed to configure all the features like Tax Information, Costing Method and etc.,

  1. Just select Create option under Single Stock Item in the Stock Items menu.
  2. In the Stock Item Creation screen you need to give a Name for the Stock Item, under which Stock Group it should be kept (if created Stock Groups), Units of Measure for the Stock Item, and the remaining things are optional.
  3. Accept the screen to save the changes.

Multiple Stock Item Creation in Tally.ERP 9

In the above method we were allowed to create only one Stock Item at a time. But for fast data entry purpose tally has given second step for Multiple Stock Items creation. In the Multi Stock Item Creation screen we are not allowed to configure the advanced Stock Item features like Tax Information, Costing Method and etc.,

  1. Just select Create option under Multiple Stock Items in the Stock Items menu.
  2. Give a name and configure the settings for each and every Stock Item.

And accept the screen to save the changes. And this is how we can create Inventory in Tally Software using Stock Item Creation screen.

How to record the Goods used for personal use in Tally.ERP 9?


In every business it is a common practice that the Good are used by the Proprietor or Partner of the Firm for his personal use. The personal use of goods is not treated as Sale transaction instead it is considered as Drawings. And such transaction can be recording in Tally.ERP 9 Accounting Software.

How to record the Goods used for personal use in Tally.ERP 9?
Goods used for Personal Use in Tally.ERP 9

In Tally.ERP 9 Accounting Software we can record the goods used for personal use using the Journal Voucher Type and before you proceed to record the drawings first you must create Purchases Account Ledger and Drawings Account Ledger in your Company.

After you have create the required ledger you can record the goods used for personal use transaction in Tally.ERP 9 Accounting Software using the Journal Voucher Creation screen

In order to record the drawings of Goods open the Journal Voucher Creation screen

  1. Press the F2 key and set the date of transaction.
  2. Debit the Drawings Account Ledger
  3. Credit the Purchases Account Ledger and enter the amount
  4. Enter the narration of the transaction in the Narration field.

And Accept the screen and this is how to record the Goods drawn for personal use of the business owner in Tally.ERP 9 Accounting Software.

How to create Drawings Account Ledger in Tally.ERP 9?


In business withdraws of Cash or from Bank for personal use of the business owner is considered as Drawings and worth of such transaction should be debited to the Capital Account. In general practice we use the Drawings Account Ledger for such transactions and in Tally.ERP 9 Accounting Software we can create Ledger for Drawings Account.

How to create Drawings Account Ledger in Tally.ERP 9?
Drawing Account Ledger

In Tally.ERP 9 we can create an Account Ledger for Drawings and there is a specific Account Ledger Group available. At the time of Balance Sheet preparation the Drawings will be directly deducted from the Capital Account in the Liabilities side.

In order to create Drawings Account Ledger, go to the Ledger Creation screen. In the Ledger Creation screen

  1. Enter Drawings Account in the Name field.
  2. In the Under field select Capital Account from the List of Groups

And accept the screen to create the Drawings Ledger and this is how to create Drawing Account ledger in Tally.ERP 9.

How to login to Income Tax e-Filing Account of an Assessee?


An Income Tax Assessee can login to his account using his PAN Card Number, Password and Date of Birth. So, before that the Assessee must have created an Account at Income Tax India e-Filing website using his PAN Card Number.

How to login to Income Tax e-Filing Account of an Assessee?
Login to Income Tax e-Filing

Once an Assessee created his Account at efiling website he can login to his account using his PAN Card Number, Date of Birth and Password that he assigned while creating the Account. So let us see how to login to Income Tax India e filing website.

  1. In the browser address bar enter https://incometaxindiaefiling.gov.in and open it.
  2. In the e-Filing website click on Login Here button.
  3. In the Login screen
    1. Enter the PAN Card Number in the User ID field.
    2. Enter your password in the Password field.
    3. After that enter the Date of Birth in the specified format in the Date of Birth/Incorporation field.
    4. Enter the captcha code as shown in the Image in the field shown below the image.

After you have provide the accurate information click on Login button. If you have forgotten your password you can reset your password by clicking on Forgot Password link beside the Login button.

As soon as you login to your Account you will your Dashboard and this is how to login to an Assessees Income Tax e Filing Account.

How to check your site approval for Adsense Matched Content Tool?


Google Adsense has introduced Matched Content free tool for the Adsense Publishers. Publishers can add the Tool to their website or Blog to display the contextually relevant content to the readers to increate the page views and time on site. Before that your site must qualify to use this Tool.

How to check your site approval for Adsense Matched Content Tool?
Matched Content Status

To be eligible for Matched Content Tool, your site must first meet the Google Adsense minimum requirements for traffic volume and number of unique pages. If a site is approved for Matched Content Tool it can be seen under Site Management section in Adsense Account.

To check the approval status of your site Sign in to your Adsense Account and

  1. Click on gear Icon and select Settings.
  2. In the Sidebar click on Site Management under Account.
  3. Under the Owned tab, check the Matched content column to see whether your site has been approved. If the status of your site is:
    1. Approved: You may place Matched content units on any of the pages of this site.
    2. Not approved: You may not place Matched content units on this site.

Google Adsense regularly checks the eligibility of sites, so feel free to check again later when you have more traffic and/or unique pages.

Once your site has been approved, you'll see the option to create Matched content units under the My Ads tab in your account. Once your site is approved you can start creating Matched Content Unit for your site.

Google Adsense launches Matched Content Tool for the Publishers.


On 22nd April 2015 Google Adsense introduced the Matched Content features to increase their website or blog page views. Matched Content is a free tool, using which the publishers can show off he relevant content to their website visitors. This tool do not generate the Revenue but it generate the contexually personalized and relevant article recommendations from the pages of their websites.

Google Adsense launches Matched Content Tool for the Publishers.
Matched Content Tool

The Adsense Publisher directly can not generate the income from Matched Content, but indrectly this tool stimulates to increate your Google Adsense Revenue. Using this tool the Adsense Publisher display the most relevant article or Blog Posts in their context. Interested visitors will read the relevant contexual article and hence there by number or Page Views will be increate and change of Adsense Revenue increate is there.

In order to add the Matched Content tool to your website or Blog, first it must qualify from the Google Adsense Team. And there are some importants things to note about Matched Content.

  1. It helps to increate the page views and time on site by displaying the relevant content to the attention of the Reader.
  2. We can place Matched content units on any of the pages of Qualified Sites.
  3. They do not count towards your Google content ad limit perpage.
  4. Recommendations are within site, for example, if you have two sites www.accountsguy.net and www.accountsguy.blogspot.com, then the recommendations that we generate for each site will be internal to that site. Note that we only generate recommendations from pages that have Google ads or Matched content units on them.
  5. These units work on mobile, tablet and desktop.
  6. They are not eligible for use in Experiments.

There are some eligibility criteria to qualify for the awesome free tool of Google Adsense. As of today there only few sites are qualified by the Adsense and soon it will available to all Adsense Publishers.

How to Surrender Tally License from Tally.ERP 9 Accounting Software?


In order to Surrender the Tally.ERP 9 Accounting Software the Tally User must have activate his License in the Software and the Computer System must have connected to the Internet. And using the Tally.Net User ID and Password one can surrender the Tally License.

How to Surrender Tally License from Tally.ERP 9 Accounting Software?
Surrender Tally License

Surrender License option will be available only to the Licensed Tally Users, For Educational Version Users we can not see this opion in the Licensing Menu. After Activating License in Tally.ERP 9 Accounting Software, your License will be entered in the Tally Solutions’ Server Register which is called here as Surrendering License to Tally Server through Internet. Until unless the license is surrenderd can not use the same License to Reactivate in another computer.

Surrendering License in Tally.ERP 9 Accounting Software

In order to Surreder the Tally License you must have

  1. Activated the Tally License in your Tally.ERP 9 Software.
  2. Tally.Net Administator ID and Passwords.
  3. Your computer must have connected to the Internet.

If you met with the above three requirements we can start the process.

  1. Open Tally.ERP 9 Application Software, and strike the F12 Key using the Keyboard.
  2. Select the Licensing option in the Configuration menu.
  3. And select the Surrender License option under General in the Licensing menu.
  4. Accept the continuation process of the License surrendering.
  5. Enter your Tally.Net Administartor ID and password to authenticate your license for surrendering.

Finally, your license will be surrendered from your computer. And you have to Reactivate the License to start working in the Licensed version. Now the Tally.ERP 9 software is not in the Licensed mode but you can still practice in Educational Mode. And this is how to surrender the Tally License from Tally.ErP 9 Accounting Software.

Difference between Activate and Reactivate License in Tally.ERP 9?


We will see the Activate License and Reactivate License in Tally.ERP 9 software where we use Activate License option first time we activate our Tally License where as we use the Reactivate License if have surrendered the Tally License.

Difference between Activate and Reactivate License in Tally.ERP 9?
Activate and Reactivate License options

For the first time the user launches the Tally.ERP 9 Accounting Software after installation, he will see the Startup screen. The user would be in dilemma between the Activate License and Reactivate License options. And it is better to understand the difference between the two options to use licensed version of Tally.ERP 9.

There is a small difference between the Activate License and Reactivate License options in Tally.ERP 9 Startup screen. One must know this to use their License Version of Tally.ERP 9 Accounting Software.

What is Activate License option in Tally.ERP 9?

Activate License is the one time task that you need to complete when you are the Activating Tally License using your Tally.Net User ID and Passwords.

What is Reactivate License option in Tally.ERP 9?

The owner of Tally.ERP 9 License has to surrender his Tally License whenever he wants to uninstall the Tally.ERP 9 Software from his computer or formats his Computer System. So, later he has to go with the Reactivate License instead of Activate License.

Hence, the Activate License is the one time activate where as Reactivate License is the repeating activity done by the Tally Licensed User. And this is the difference between Activate License and Reactivate License options in Tally.ERP 9.

How to resolve Tally.ERP 9 Error: Login as Administrator?


While opening Tally.ERP 9 Accounting Software few of the users would see an error message The process requires ‘Administrator’ rights! Please login as an Administrator or an user having administrator rights while reactivating the Tally.ERP 9 License or after installation of new Operating System Software in your Computer.

How to resolve Tally.ERP 9 Error: Login as Administrator?
Error: Login as Administrator in Tally.ERP 9

And this is the starting error for Tally Accounting Software and it would occur in any one of the following situations.

  1. First time running Tally.ERP 9 Software after Installing Tally Software.
  2. First time running Tally.ERP 9 Software after Installing New Operating System

In both the cases when you launch the Tally Application you would get an error which is shown in the image above. For that all you need to do is just go to the path where you installed the Tally Software in your computer hard disk like C Local Disk or D Local Disk Drives.

  1. Find the Tally launching Application file.
  2. Right click on the file.
  3. Select Run as administrator.
  4. If the Tally Screen asks for the activation.
  5. Click on Reactivate License if you already activated license otherwise click on Activate License if you are activating your Tally.ERP 9 Serial Key.
  6. Provide your license credentials and login and activate.

Then you can work with your tally. Next time you can directly click on the file no need to do the same process every time you open the Tally. And this is how to overcome the Error Login as Administrator for Tally.ERP 9.

How to add Company Logo in QuickBooks Online?


In QuickBooks Online Cloud Accounting Software we can add the Company Logo of our Company, which will be printed in the Reports and Invoice. Using the Company Settings we can add the Company Logo to our Company.

Company Log in Intuit QuickBooks Online
Company Logo in QuickBooks Online

In order to add the Company Logo in QuickBooks Online Accounting Software we have to login to Company to your company through Secured Login screen.

  1. From the Company User Interface just click on Tools and Settings Button.
  2. In the drop down menu click on Company Setting menu under Settings.
  3. And click on the Edit button in the Company name row.
  4. Click on Company Logo button and you will see a new screen. There just click on Browse button and select your Company Logo file from your Computer.

And click on Next button. Now the Logo will be used in the Books of Accounts in the QuickBooks Online. And this is how to add Company Logo in QuickBooks Online Accounting Software.

Recording without Inventory Transactions in Tally.ERP 9 explained


Tally Accounting Software is designed to meet the requirements of the business people. In some business cases we don’t need to record the Inventory related transactions, and do not need to maintain the Stock Register. For instance, auditors will not handle the Physical Inventory they leave it on the owner’s shoulders as it is not mandatory for them in respect with the Statutory Filling of Accounts. They simply take the Opening and Closing Inventory figures for auditing. Hence, they record all the Accounting Transactions except inventory. And Tally supports it.

Recording without Inventory Transactions in Tally.ERP 9 explained
Recording Business Transactions in Tally.ERP 9

Now let us start recording the business transactions with a simple example and see the Trading, Profit and Loss Account and Balance Sheet of the firm.

Problem

On April 1st 2014, Mr. Venkkatesh started his business with a capital of Rs.1,00,000 in the name of AccountsGuy.Net. And he does not want to maintain Inventory as the business scope is very small and he is the sole person to handle his entire business, so there is no risk regarding the stock. And the Business Transactions for the April month as follows.

  1. 01/04/2014 – Given an advance of Rs. 9,000/- for Office.
  2. 04/04/2014 – Purchased Furniture worth Rs. 25,000/- for Office.
  3. 09/04/2014 – Opened Current Account at SBI with Rs.
  4. 45,000/- deposit.
  5. 13/04/2014 – Advance payment of Rs. 40,000/- to M/s Johnson Enterprises through Net Banking.
  6. 16/04/2014 – Purchases made from M/s Johnson Enterprises worth Rs. 35,000/-.
  7. 19/04/2014 – Cash Sales worth Rs. 10,000/-.
  8. 20/04/2014 – Rs. 18,000/- cash deposited at bank.
  9. 21/04/2014 – Sales worth Rs. 30,000/- made to Ms. K Leela Vathi.
  10. 23/04/2014 – Cheque Received from K Leelavathi worth Rs. 35,000/- bearing no. 355450 of Andhra Bank, Krishna Nagar Branch. Same on the same cheque presented at bank for clearance.
  11. 25/04/2014 – Sales Returns worth Rs. 5,000/- received from K Leelavathi.
  12. 27/04/2014 – Rs. 40,000/- cash directly deposited into bank by Mr. Smith.
  13. 28/04/2014 – Sales worth Rs. 30,000/- made to Mr. Smith.
  14. 29/04/2014 – Purchase Returns worth Rs. 3,000/-.
  15. 30/04/2014 – Office Maintenance worth Rs. 500/- paid.
  16. 30/04/2014 – Office Rent Rs. 2,000/- paid.

Record the above transactions in the books of M/s AccountsGuy.Net Company using the Tally.ERP 9 accounting package. And help him to know the profitability and financial position of his business after recording the voucher entries.

Solution

Now open Tally.ERP 9 application in your computer and create a company named AccountsGuy.Net with Accounts Only. After you have created the company load it and follow the below steps for recording the above said business transactions.

  1. Now you are in the Gateway of Tally screen.
  2. Create the following Ledgers with corresponding Groups.
    1. Capital Account under Capital Account Group.
    2. Furniture under Fixed Assets Group.
    3. Office Advance under Loans & Advances (Asset) Group.
    4. SBI Account under Bank Accounts Group.
    5. M/s Johnson Enterprises under Sundry Creditors Group.
    6. Purchases and Purchase Returns ledgers under Purchase Accounts Group.
    7. K. Leelavathi and Smith ledgers under Sundry Debtors Groups.
    8. Sales and Sales Returns ledgers under Sales Accounts Group.
    9. Office Maintenance and Office Rent under Indirect Expenses Group.
  3. After created the required ledgers just get back again to the Gateway of Tally menu.
  4. Choose Accounting Vouchers option.
  5. In the Accounting Voucher Creation screen press F2 key using the keyboard for setting the Voucher Date.
  6. Using the Button Area record the transactions cited in the problem section.
    1. F6: Receipt Voucher for recording Capital Brought into firm and first transaction.
    2. F7: Journal Voucher for recording second transaction.
    3. F4: Contra Voucher for third and forth transactions.
    4. F5: Payment Voucher for forth, ninth, fourteenth, and fifteenth transactions.
    5. F9: Purchase Voucher for fifth transaction.
    6. F8: Sales Voucher for sixth, eighth, and twelfth transactions.
    7. F8: Credit Note Voucher for tenth transaction.
    8. F9: Debit Note Voucher for thirteenth transaction.

In order to generate the financial report again get back to the Gateway of Tally menu change the period from 01-04-2014 to 30-04-2014 of the Books of Accounts in Tally.ERP 9 and Generate the Trail Balance, Profit and Loss Accounts and Balance Sheet of the company.

What do you see when you open a Blog from Blogger Dashboard?


In order to work with a Blog in your Blogger Account you need to open the Blog by clicking on the Blog Title from Blogger Dashboard. Blog will be having a definite interface which will contain a series of Tabs to work with the Blog. And the first Tab that you see is the Blog Overview Tab.

What do you see when you open a Blog from Blogger Dashboard?
Blog Overview Tab

The Overview Tab is the first Tab in the series of Blog Tags lying in the left side of the Blog. It is the default Tab of a Blog also called as Home page of the Blog. The Overview Page of a Blog will display the summary of your Blog Posts, Comments, Pageviews, and Followers along with them you will find some content related to Google Blogger and Google Adsense.

Pageviews summary

The Pageviews summary shown in the Blog Overview page will outline the Pageviews Graph for past seven days and below the Graph of the Pageviews we can see the Top traffic sources from which Search Engines, Social Networks or Websites the Blog was viewed by the Blog Viewers. In order to see the complete information about the Pageviews of your Blog you need to click on More stats link.

Updates summary

The Updates summary will show the summary report of the Blog Comments waiting for moderation, Published Comments, Pageviews for today, Published Blog Posts, and Followers of the Blog. You need to click on the hyperlink of the digit to see the detailed information of the Blog Updates.

News from Blogger and Adsense Team content

Apart the information related to your Blog you will find the updates, tips, and Blogger Guide and Other things from the Blogger Team.

And this is all about the Google Blogger Overview Tab and this is the place where we can look at the summary of our Blog Stats and other Information.

What is a Desktop in your Personal Computer, Laptop, or Ultrabook?


When we start our Personal Computer or Laptop we will be seeing a Graphical Representation screen, which contains a number of items arranged on it in a series and a Horizontal Bar arranged in the Bottom of the screen. This screen is called Desktop and this is the first screen that everyone would see when a Computer Starts.

What is a Desktop in your Personal Computer, Laptop, or Ultrabook?
Desktop

In the Windows based Operating System every Graphical represented screen having a specific design and name. And likewise the starting screen got the Desktop name. Because it resembles like a Desk where the Files and Folders are arranged on it hence, it is called as Desktop.

The Desktop will be having the three different parts which are discussed in more detail below

Surface

The flat surface is an empty place where we can put the files and folder for faster access. It will contain the following default Icons (the items arranged on the Surface area of the Desktop are called as Icons).

  • Computer
  • Recycle Bin and
  • User Files

In addition to that we can add some other default Icons, Files and Folders on the Desktop.

Start button

At the bottom left corner you can find a Windows Logo, which is called as Start button. You can start with computer using this Start button. You can access anything directly from this Start button even to Log Off or Shut Down the Computer you can use this Start button.

Taskbar

Beside the Start button you can find a long horizontal bar which is called as Taskbar. Whatever the activate doing by the User in his Computer that will be shown in the Taskbar. As the bar contains the Task of the Computer User it will be called as Taskbar.

Show Desktop button

Apart all the other things you will find an extra button at the bottom right corner which is called as Show Desktop. When you click it all the applications will be minimized and the Desktop will be shown to the Computer User.

And these are the major components shown in your Computer Desktop.

What is YouTube and what is the History of YouTube?


Most of the Beginners think that what is YouTube? YouTube is a platform where the internet users can upload, watch, and share the Media Content (Video) throughout the World. It was started by former Paypal employees Chad Hurley, Steve Chen, and Jawed Karim on February 14, 2005. It was taken over by Google Inc., in 2006.

What is YouTube and what is the History of YouTube?

The official site of the YouTube is www.YouTube.com, where the internet users can create their account using the Google Account for free of cost. It uses the Adobe Flash Video and HTML5 technologies to display a wide variety of videos.

In order to upload the self developed videos to their YouTube Channels by registering at YouTube website. And most of the videos are uploaded by the individual user but Media Corporations like BBC and other Organizations offer some of their material as part of the YouTube Partnership Program. Unregistered users can watch the most o the Videos uploaded in the YouTube website.

The Advertisements shown in the YouTube are operated through Google Adsense, which is the one of the subsidiary of Google Inc., The registered users will be invited by the YouTube when they upload the valued Video in their YouTube Channel.

An introduction about Google Adsense and its History


Google Adsense is kind of the Advertising program run by the Google Inc., for the Blogger and Webmasters. It display the Ads in the web browsers and it charges from the advertisers when a particular action is performed

An introduction about Google Adsense and its History

Google Adsense is an Online Advertising Program run by the Google Inc., for the Web Publishers and Webmasters to put the ads or advertisements in their Websites or Blogs. Earlier it was only supported by the Google Network of Content sites like Google Blogger but now it is supported by the other than Google Network sites also like Wordpress.

It is an Online Advertisement type of service where the Ads are gathered from the Advertisers across the world in the name of AdWords and distributes the ads to the Publishers through its Adsense program. Through this program; Text, Image, Video or Interactive Media Advertisements are published in the websites or Blogs of the Adsense Account Users.

An Overview of Google Adsense

When a User searches for a query in the Google Search Engine he will get a bunch of results for his query. When he opens a particular link from the result he will be navigated to a particular Website or Blog where the required content is published.

In the particular Blog he can read the content along with that he would see the advertisements relevant to the user’s Content, Geographical Location and other factors. So, here the Google Adsense is playing a mediator role between the Advertisers (Google AdWords) and Website Publishers or Webmasters through Cost per Click method. Most of the Publishers monetize their Blogs and Websites with Adsense ads.

History about Google Adsense

Indeed, the word Adsense was originally used by Applied Semantics, a competitor to Google Adsense, which was started in 1998 by Gilad Elbaz and Adam Weissman. Google started Content Targeting Advertisement program in March 2003 which is the earlier name of the Adsense program. In April 2004 Google has adopted the Applied Semantics.

How to add or change Company contact details in QuickBooks Online?


It is easy to update the Contact details of a Company in QBO and it just two a steps process. The QuickBooks Online Cloud Accounting Software of the Intuit is simplified the interface of the Could Accounting Software to update the Contact Details of the Company like Door No, Street, City, and States, apart that we can add the Legal Address of the Company also.

How to add or change Company contact details in QuickBooks Online?
Company Contact Details in QuickBooks Online

In QuickBooks Online we can update the Company contact details like Name of the Company, Contact information of the Company using the Company Setting available in Tools and Settings Tab. Let us see how to update the Company Contact information.

After you have Sign in to your Company using the QuickBooks Online Cloud Software.

  1. Click on the Tools and Settings Tab (Company Name with Gear button) available In right top corner of the interface. Just click on it and the options will be dropped down.
  2. And Click on Company Setting option under Settings list.

You will see the Settings webpage, which contains the Side Tabs and click on Company tab to access the Company Settings like Company Name, Contact Info, Accounting Method, PAN, CIN, Categories, Customer label sections.

In order to change the contact details just click on the Edit button available in the Contact Info section and provide your

  1. Door Number, Street Name, City, and States of the Company in the Company address field.
  2. If you want to add the ledger address of the Company apart the default address just click on Add legal address link and update the information.
  3. Enter the electronic mail (e-mail) id of the Company in the Company email field.
  4. Enter the Company contact number in the Company phone field.
  5. If the Company having the website address you can enter it in e.g. http://www.accountsguy.net.

After you have finished updating the Company Information just click on Save button. And this is how to update the Contact Information in QuickBooks Online software.