Tally ERP

Purchase Cycle:
The Tally ERP system has following steps in purchase cycle :

• Purchase Order
• Receipt Note(Received Inventory)
• Rejection Out(Purchase Returns)
• Purchase(Supplier Invoice/Purchased Inventory)
• Payment.

Purchase Order:

• In this Tally ERP the purchase cycle is starts from creating purchase order.
• When creating purchase order it ask details like purchase ledger, party account name, items and PO number etc.,
• This purchase order is created in order voucher creation menu.

Receipt Note:

• After receiving the goods from the supplier, we add the inventory details in the receipt notes.

Rejection Out:

• If needed the customer made the returns of goods to the supplier, this can be called as rejection out in tally erp.

Supplier Invoice:

• Then the supplier invoice is generated by the supplier and this invoice is receive by the customer.This invoice details can be saved as shown below.

Payments:

• After receiving the invoice we make the payment to the supplier with respect to the invoice and add the details in accounting voucher creation section.

Pros:

• This software system operates fast at installation process and when creating forms.
• It has option of choosing of multiple languages.
• It has used shortcut keyboard functions and letters by this the process can be improved.

Cons:

• This system is very difficulty to use for who are new to this which means it makes the confusion.
• It does't have proper categorization for different items or groups.It don't have proper categorized menu.