Configuration of the "Accounting Features" under "Tally F11 - Company Features".

Open Tally software - Gateway of Tally


Press F11
 

Press "A" or Press Enter on "ACCOUNTING FEATURES" or press "F1"


GENERAL

Integrate Accounts and Inventory:- By default option is YES. This option is available if you select "ACCOUNTS WITH INVENTORY" while creating the company.
YES = Balance Sheet & Profit & Loss Account reflects inventory/stock figure (closing stock) automatically. NO = Balance Sheet & P & L A/c not reflect stock/inventory figure automatically. You may put closing stock figure manually.

Income/Expense Statement instead of P & L :- By default option is NO.
YES = Generate report as Income/Expense Statement in place of P & L Account. This feature commonly follows by Non-Profit Making Organization.
NO = Generate P & L Account

Allow Multi-Currency :- By default option is NO.
YES = Maintain account with different currency like Rs, USD etc. Usefull for multi-national company, export & import business, have foreign currency transection. If you choose YES, CURRENCY option show in Gateway of Tally - Account Info - Currency. In currency menu you can get option to Create, Alter, Display, Defined Rate of Exchange.
Details :-
NO = Maintain accounts in one currency like Rs

OUTSTANDING MANAGEMENT

Maintain Bill-wise Details :- By default option is YES.
YES = You can maintain "bill-wise details" & "credit period" allowed on ledger under Sundry Debtor & Sundry Creditor group.
NO = Not require to maintain bill-wise trading account
Details Click Here

( for non trading a/c also) :- By default option is NO.
YES = If you want to maintain bill wise details for non-trading account (i.e. other than Debtor & Creditor Ledger), you may set it YES. Non-trading account means which is not related to trading activities like loan, advance, ads exp etc.
NO = Non-trading account don't ask bill wise details.

Activate Interest Calculation :- By default option is NO.
YES = you can calculate interest on fixed rate on outstanding balance of ledger accounts or invoices.
NO = interest calculation not applicable

use advanced parameters :-By default option is NO.
YES = This option is used to calculate interest when rate of interest is changed time to time.
NO = interest calculation in advance parameters is not applicable.

COST PROFIT CENTRES MANAGEMENT

Maintain Payroll :- By default option is NO.
YES = maintain payroll system
NO = don't maintain payroll system
Details :-

Maintain Cost Centres :- By default option is NO.
YES = allocation of cost according to cost centres wise.
NO = don't allocation of cost
Details :- CLICK HERE

Use Cost Centres for Job Costing :- By default option is NO.
YES = have job or project work
NO = don't follow job or project work
Details :-

More than One Payroll / Cost Category :- By default option is NO.
YES = allocation of cost according to many cost categories or payroll
NO = not applicable many cost categories or payroll
Details :- CLICK HERE

Use Pre defined Cost Centres Allocation during Entry :- By default option is NO.
YES = cost allocation according to previous defined cost centres
NO = above option not applicable
Details :-

Show Opening Balance of Revenue Item in Report :- By default option is NO.
YES = show opening balance in cost centres report which are allocated to ledger under revenue item i.e. Income Group or Expense Group

NO =above condition not applicable
Details :-

INVOICING 


Allow Invoicing :- By default option is YES

YES = enter inventory through invoice
NO = enter inventory through vouchers
Details :-

Enter Purchase in Invoice format :- By default option is YES
YES =  create purchase vouchers in invoice format
NO = above statement not follow
Details :-

Use Debit/Credit Note :- By default option is NO
YES = to make separate debit or credit notes
NO = to make journal for adjustment entry
Details :- 

Use Invoice Mode for Credit Notes :- By default option is NO
YES = to make credit notes in invoice mode
NO = N/A
Details :-

Use Invoice Mode for Debit Notes :- By default option is NO
YES = to make debit notes in invoice mode
NO = N/A
Details :-



BUDGETS & SCENARIO MANAGEMENT

Maintain Budgets and Controls :- By default option is NO
YES = create & use of different types of budgets
NO = don't use budgets
Details :-

Use Reversing Journals & Optional Vouchers :- By default option is NO
YES = to create reversing & optional journal which are not affect account books
NO = don't use reversing & optional journal
Details :-

OTHER FEATURES

Enable Chaque Printing :- By default option is NO
YES = print cheque
NO = ignore cheque prining
Details :-

Set or Alter Cheque Printing Configuration :- By default option is NO
YES = to alter cheque printing configuration
NO = don't alter cheque printing configuration
Details :-

Allow Zero Value Entries :-  By default option is NO, it's commonly NO because zero values entry has no meaning.
YES = to enter zero value entry
NO = don't enter zero value entry

Maintain Multiple Mailing Details for Company & Ledger :- By default option is NO
YES = use multi address features
NO = above statement not applicable
Details :-

Set/Alter Company Mailing Address :-  By default option is NO
YES = to alter company existing address
NO = don't want to change address

Enable Company Logo :-  By default option is NO
YES = to insert & print company logo in Invoice, Challan, Debit/Credit Notes, Pay slip, Purchase order etc
NO = don't use company logo
Details :-

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