CASH ACCOUNTING SYSTEM for C.A. Tally.ERP 9 Introduced By Globo Soft Tech Solutions

Welcome To, Globo Soft Tech Solutions & The World of Tally + + Together let’s explore the beneficial ways of using Tally.ERP 9

+ Benefits of using Globo Soft solution and Tally.ERP9 Present Business Scenario Challenges Solution Handles In These Challenges Cash Basis Accounting in Tally.ERP 9

+ Business Scenario Important professionals like you use Cash Basis Accounting You also use Tally.ERP 9 for business You need a system to maintain Cash Basis Accounting in Tally.ERP 9 You want the system to follow all statutory and practical needs

+ Creating Invoices with Service Descriptions Keeping these invoices unaccounted (To avoid unnecessary Service Tax or Income Tax Liability) Outstanding Management (Without booking the invoices in accounts) Convert the received amount against the invoice into Principle + Service Tax and then book the Income Alternate Solutions & Their Drawbacks

+ Main Business Challenges in Tally.ERP 9 Alternate Solutions Maintain Two Books of Accounts in Tally.ERP 9 Use external source like Excel Files for outstanding follow up Book the invoices only when the income is received Their Drawbacks Difficult to Reconcile Records Added Human Efforts Reduced Accuracy Increased Dependability

+ Features of Solution Create Service Invoice with Sub-form Store these invoices in Tally.ERP 9 without Accounting Effect Generate Outstanding Reports on the basis of these Invoices Pass the revenue entry based on the receipt automatically Auto entry calculates the Service Tax and helps compliance

+ Service Invoice Features Create a new special document ‘Service Invoice’ Use Sub-Form for service description in invoice Entered text can be used as template in multiple invoices Include Logo printing with Terms & conditions in invoice Include firm’s Bank details (like RTGS) in invoice – for faster payment Have both Service Tax Applicable and Non Applicable services covered in Invoice

Receivables Management + Created invoices have no direct impact on Accounts Yet the Receivables Tracking is possible with two specially designed reports 1 - Outstanding Report - Summary 2 - Outstanding Report Detailed – Client Wise –Bill Wise User gets a clear view of Received and Pending payments with these reports

Receivables Management + Receipt Based Revenue Entry Booking On receipt of the payment (partial or full) the figure is recorded against the respective invoice The module Auto Calculates Revenue and Service Tax components in the received amount Revenue is thus booked automatically on RECEIPT BASIS Service Tax compliance is also carried out as the Service tax component too gets booked automatically.

Reports +Reports Multi Company OS Report Pending Bills Report Service Invoice Register Report Service Tax Accrual Cash Basis Report

+ Multi Company OS Report

+ Pending Bills Report

+ Service Invoice Register Report

+ Service Tax Accrual Cash Basis Report

+ Special Features – Import Opening Balance Import Data Collected in Excel Template to the Module Data Available in Other Software Data Available in Tally.ERP 9 Get the Data Collected in Excel Template

Benefits of the module + Benefits of the module Get rid of two books of accounts and save time. Pay tax on only the realized income. Calculate Service Tax Liability on received income automatically. Best control over invoicing and Outstanding Management

+ADD-ONFeatures Address Book - Get One Line Record for Contact Details of Parties Bank details in Party Master - Show Own Bank Details in Invoice for ready reference to the party Day Book As per System Date - Capture system date in every voucher at the time of creation / alteration Avoid Overwriting in Auto Numbering - Avoid change of numbering in booked vouchers – even on back dated entry

 Auto / Manual BRS  Cheque Book Management  Pre-Configured Cheque Printing  Cheque Printing  Cash / Cheques Deposit Slip  Payment Advice + Tally Advantages