Blade Air Mobility and Joby Aviation: *The Deal: Blade Air Mobility is selling its helicopter passenger rideshare business to Joby Aviation for $125 million. This deal is causing Blade's stock to surge up to 30% and Joby's stock to rise over 5%. *What's included in the deal: Joby Aviation is acquiring Blade's helicopter rideshare service, which offers transportation from various New York City landing spots to nearby areas like the Hamptons or airports such as Newark Liberty International. *What's not included: Blade's medical transport business will be spun out into a new public company called Strata Critical Medical, and Joby won't be taking that over. *Some stats about Blade: - *Passengers transported: Over 50,000 passengers in 2024 - *Terminals: 12 different terminals operating from Blade Air Mobility operates in two main segments²: - *Passenger: Offers helicopter and seaplane flights in the US and Europe - *Medical: Transports human organs for transplant...
Chapter :1
Create company
To create company in Tally, follow the following navigation path Gateway of Tally > Company Info > Create company
Step 2: The company creation window displays on the screen as show below image
Note: Use the enter key or Tab key or Arrow key or Mouse to navigation between the fields in Tally.
Step 3: On company creation screen, update the following details
1. Directory: It is a path where the company date will be stored on system. By default, the tally directory will updated as C:\Users\Public\Tally.ERP9\Data and you can change the path as per your requirements.
2. Name: Update the name of company that identifies in Tally ERP 9.
Primary Mailing Details
1. Mailing Name:The mailing name of company will be automatically updated as per the given name of company, however the mailing name can be changed as per the requirements.
2. Address: Update the complete address details of company
3. Statutory Compliance for: Choose the country name as India from the given list of countries.
4. State: Choose the state from the given list of states.
5. Pin Code: Update the Pin Code of company, where it is located.
Contact Details
1. Telephone No: Update Company landline/ Telephone number
2. E-Mail: Update the company e-mail id
3. Mobile No: Mobile number for contacting
4. Fax no: Update the Fax number
5. Website: Update the official website address of company
Books and Financial Year Details
1. Financial Year From: Update the financial year starting date, all Indian companies financial year start from 1st April and ends on 31st March. Tally considers the 12 months from the date given for financial year. The financial year will be automatically displayed on Tally system, if FY starts in middle of year, you can specify the exact date from here.
2. Books Beginning from: Specify the books beginning date.
Security Control
1. Tally Vault Password: By enabling Tally vault password, the company data is secured in an encrypted form. The data is not accessible without the password, if you lost the password that will be not recovered.
2. Use Security Control: Enabling securing control helps only authorized users are allowed to enter/edit/delete the vouchers on Tally.
Base Currency Information
1. Base Currency Symbol:
2. Formal Name: INR (India Rupees
3. Suffix Symbol to Amount: No
4. Add spaces between the amount and symbol: Yes
5. Show amount in Millions: Yes
6. Number of decimal Places: 2
7. Word representing amount after decimal: Paisa
8. No of decimal places for amount in words: 2
After updating all the required details of company, choose Yes to save the entered details in Tally.
Configurations in Tally ERP 9:
Following i sjust introduction relevant changes in configuration will be don from time to time as it will help to understand use of each config.
The F12: Configuration in Tally ERP 9 is applicable for all the companies that located in Tally ERP 9 data directory. The F12:Configurations may vary from menu to menu, for example if you press F12: Configuration from voucher screen the respective screen displays on the screen.
How open Configurations in Tally ERP 9
Gateway of Tally –> Press function key F12 or click on F12:Configure
Configurations in Tally ERP 9: The F12: Configuration in Tally ERP 9 is applicable for all the companies that located in Tally ERP 9 data directory. The F12:Configurations may vary from menu to menu, for example if you press F12: Configuration from voucher screen the respective screen displays on the screen.
How open Configurations in Tally ERP 9
Gateway of Tally –> Press function key F12 or click on F12:Configure
The configuration screen contains multiple settings that helps to configure the required information for master creation, voucher entry, banking, printing, etc. The important settings that available on configurations screen are
§ General
§ Numeric Symbols
§ Accts/ Inventory info
§ Voucher entry
§ Invoices / Orders entry
§ Payroll Configuration
§ Banking Configuration
§ Printing
§ E-mail
§ Data configuration
§ Advanced configuration
§ Product T & Features
§ Licensing
General: Under General configuration screen, you can configure the details of country, name style, format of dates, format of number, Table configuration, Import/export configuration and other options.
Numerical Symbols: Numerical symbols contains configurations of
§ Symbols to use for positive numbers
§ Symbols to use for negative numbers
§ Symbols to use for debit amount
§ Symbols to use for credit amount
Accts/ Inventory Info: Accounts and Inventory information contains the configuration details of
§ Master data
§ Accounts and
§ Inventory
Voucher Entry: Voucher entry contains the configuration details of
§ Accounts
§ Inventory
§ Statutory
Invoice / Order Entry: Invoice and order entry contains the configuration details of voucher entry for
§ Accounts
§ Inventory
§ Statutory
Payroll Configuration : Payroll configuration contains the details of
§ Add notes for employees
§ Show statutory details
§ Provide passport and visa details
§ Provide contract details
§ Show resigned/retired employees
§ Show employee display name
Tally accounting features
What are accounting Features in Tally
Accounting features in Tally is one of the important category of company features that consists of several configurations and functionalities used for accounting transactions and reports. Accounting features can be opened by pressing function key F11 or click on the option F11: Features (available at button toolbar)
Accounting features is further divided in to 6 sections,
1. General
2. Outstanding Management
3. Cost/ Profit Centre Management
4. Invoicing
5. Budgets/ Scenarios Management
6. Other Features
How to open Accounting Features
To open accounting features in Tally ERP 9, use any one of the following method.
§ Path: Tally Main > Gateway of Tally > F11: Features > Accounting Features
§ Function key: F1: Accounts (Press function key F1 from your keyword)
The following screen displays after executing the accounting features in Tally
On company Operations Alteration screen, update the following details.
General
§ Maintain Accounts Only: Choose this option, if you are maintaining inventory transactions
§ Integrate accounts and inventory: Choose Yes option to include stock or inventory balances from inventory records.
§ Use income and expense a/c instead of profit & loss a/c: Choose this option to display the income and expenses accounts as menu instead of profit & loss account.
§ Enable Multi Currency: Choose this option to work company with multi currencies.
Outstanding Management
§ Maintain bill-wise details:
§ For non trading accounts also:
§ Activate interest calculation:
§ Use advanced parameters:
Cost / Profit centre management
§ Maintain Payroll:
§ Maintain cost centres:
§ User cost centre of job costing:
§ More than one payroll/cost category:
§ Use predefined cost centres allocation in transactions:
§ Show opening balance for revenue items in reports:
Invoicing
§ Enable Invoicing
§ Record purchases in invoice mode
§ Use debit and credit notes
§ Record credit notes in invoice mode
§ Record debit notes in invoice mode
Budgets and Scenarios Management
§ Maintain budgets and control
§ Use reversing journals and optional vouchers
Banking
§ Enable cheque printing
§ Set/alter transaction type
§ Set/alter banking features
§ Set/alter post dated transaction features
Other Features
§ Enabled zero valued transactions
§ Maintain multiple mailing details for company and ledgers
§ Enable company logo
§ Mark changed vouchers
After enabling all the required accounting features for company, press enter or ctrl + A to save the configured details in Tally ERP 9.
How to enable inventory features in Tally ERP 9
By using inventory features, you enable or disable the options for day to day business transactions. The following screen displays after executing the inventory features.
On company alteration screen, update the following details
General
§ Integrate accounts and inventory: Choose this option as Yes to include stock or inventory balances in inventory records.
§ Enable zero value transactions: Choose this options as Yes to allow the zero value transactions.
Storage and classification
§ Maintain multiple godowns: Enable this option if you have more than one storage location and godowns for storing the materials.
§ Maintain stock categories: Enable this to define or maintain stock categories
§ Maintain batch wise details: Enable this option to maintain batch wise details for stock items
§ Set expiry dates for batches : Enable this option for maintaining expire dates for batches
§ Use separate actual and billed quantity columns
Order Processing
§ Enable purchase order processing : Enable this option to define purchase orders
§ Enable sales order processing: Enable this option to define sales orders
§ Enable job order processing: Enable this option to define job orders.
Invoicing
§ Enable Invoicing:
§ Record purchases in invoice mode
§ Use debit and credit notes
§ Record credit notes in invoice mode
§ Record debit notes in invoice mode
§ Use separate discount column in invoices
Purchase Management
§ Track additional costs of purchases
Sales management
§ Use multiple price levels
Other Features
§ Use tracking numbers (enables delivery and receipt notes)
§ Use rejection inward and outward notes
§ Use material in and out vouchers
§ Use cost tracking for stock item
After enabled or disabled the features, choose A: Accept or press ctrl+ A to save the details.
Next Lesson
Comments