Set this option to Yes to enable this function. The advanced parameters are useful when interest rates change from time to time. Enabling this option allows interest calculation on outstanding balances for any ledger account or on each invoice for the period it is outstanding completely or partly. Set this option to Yes to enable Tally.ERP 9 to calculate interest automatically based on the interest rate and style of calculation specified. Bill wise Details for Non-Trading Accounts is useful in those cases where one needs to track either an installment to be paid or a loan amount to be received over a certain period of time. If you want to maintain bill wise details for Non-Trading Accounts also, set this option to Yes. The reference can then be used to allocate payments to the correct invoice to maintain an accurate account of outstanding. When you enter details of sales and purchases with the Bill-wise option activated, Tally.ERP 9 prompts you to identify the invoice with an appropriate reference number.
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On setting this option to Yes, an additional option Default Credit Period is displayed. By activating the Bill wise feature, the ledger masters under Sundry Debtors and Sundry Creditors automatically displays an additional option called Maintain balances bill-by-bill. The Bill-wise facility is made functional by setting this option to Yes. Set this option to Yes, if you want to create multiple currencies and the Menu Currencies is displayed in Gateway of Tally > Accounts Info.
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Income and Expenditure statement generally used for Non-Trading accounts and Profit & Loss a/c are used for trading accounts. If set to Yes – Tally.ERP 9 displays Income & Expenses A/c instead of Profit & Loss A/c in the Gateway of Tally.ERP 9 Menu. Income/Expense Statement Instead of P & L This feature enables finalization of financial books without waiting for the reconciliation of stocks.Ģ. Stock records often contain compensating errors caused by wrong allocation to items. This facilitates the maintaining of accounts and inventory separately. If set to No, it ignores the inventory books figures and picks up manually entered closing stock balances from the ledger account created. If set to Yes, it extracts the stock/inventory balance figures from the inventory records and provides a drill down to the Stock registers from the Balance Sheet. This option has a significant effect on the Balance Sheet and Profit & Loss Account. Gateway of Tally > F11: Features > F1: Accounting Features This feature enables you to set the various The F11: Features menu is displayed as shown.
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Configuration options, on the other hand, affect all companies maintained in the same Tally.ERP 9 directory and setting the configuration for one company will affect the configuration of other companies in that particular data directory. Therefore, each company may have different active features. Unlike F12: Configure, F11: Company Features is specific to the current company only.
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This button is available in almost all the screens of Tally.ERP 9 enabling the user to modify it as and when your requirements change. Naresh Sharma Account Executive F-11 And F-12 Features in Tally.ERP9, Learning Tally, tally.ERP 9 installationĭifferent features of a company can be selected or modified by using the F11 : Features button.