This feature allows you to set various Accounting Properties required for transaction entries. Enter Gateway of Tally -> F11: Features -> F1: Accounting Features

General Management:

Integrate Accounts and Inventory: This option has a significant impact on Balance Sheet and Profit and Loss Account. If set to “Yes”, it extracts the stock/inventory balance figures from stock records and provides a review from Balance Sheet.

If set to “No”, it ignores the numbers of inventory books and receives the manually entered closing stock balances from the generated account. This makes it easier to keep accounts and inventory separately.

Inventory records usually contain compensation errors that occur due to incorrect allocation of items. This feature ensures that financial books are finalized without waiting for the reconciliation of stocks.

Income/Expense Table instead of P&L: By default, this option is set to “No”. If set to “Yes” – It shows the Revenue and Expense A/c value in the Tally.ERP9 instead of Profit & Loss A/c.

Allow Multi-Currency: By default, this option is “No”. If you want to create multiple currencies, set this option to “Yes in Menu Currencies which is displayed in the Gateway of Tally -> Accounts info menu.

Outstanding Management:

Keep billing information Details: The invoice plant works by setting this option to “Yes”. By activating the Bill wise feature, ledger masters under Sundry Debtors and Sundry Creditors automatically show an additional option according to the balance sheet. After setting this option to Yes, an additional option for the Default Credit Period is displayed.

Tally.ERP9 prompts you to specify the invoice with an appropriate reference number when you enter the sales and purchase details when the bill-wise option is enabled. The reference can then be used to make the payment on the correct invoice to keep an unpaid correct account.

(For Non-Trading A/C’s also)

Set this option to “Yes”, if you also want to maintain billing information for Non-Commercial Accounts. Billing Information for Non-Commercial Accounts is useful in situations where an installment or a loan amount to be received within a certain period of time should be monitored.

Activate interest calculation: Set this option to Yes to allow Tally.ERP9 to automatically calculate the interest rate based on the specified calculation style. Enabling this option allows you to calculate the interest on any unpaid balances for an account or each invoice for a period when it is wholly or partially exceptional.

Use advanced parameters: Advanced parameters are useful when interest rates change from time to time. To enable this function, set this option to “Yes”.

Cost/Profit Centers Management:

Payroll Management: Set this option to yes “if you want to retain Payroll information for the selected company in Tally.ERP9”.

Maintain Cost Centers: A Cost Center can be defined as an organizational unit where transactions can be sent. When only costs or expenditures are allocated to these units, they are called Cost Centers. The Cost Center feature is enabled by setting this option to “Yes”.

Use the Cost Center for the Job Costing: Set this option to “Yes” to track all income and expenses for a Job/Project.

More than one Cost category: Set this option to yes to create multiple Payroll or Cost Categories.

Use the Predefined Cost Center Allocation at input: Set this option to Yes to define the Cost Center Allocations. For details, see Cost Centers and Cost Categories.

Set the option to “Yes” to show the opening balance in the Cost Center Report for the cost centers assigned to Revenue and Expenses Groups.


Allow Billing: Set the option to Yes to create Sales and Purchase vouchers in the form of an invoice. The advantage of using the invoice format for sales entry is that it allows automatic calculation of Tax and duties of an account.

Enter Receipts in Billing Format: Set the option to “Yes” for enabling the voucher class option in the purchase coupon type.

Use Debit/Credit Notes: Debit Note and Credit Note voucher types are available only if this feature is set to “Yes”.

Invoice Mode for Credit: Set the option to “Yes”, to create Credit Notes in Billing Mode.

Budgets & Scenario Management:

Preserve Budgets and Controls: Set this option to Yes to create multiple budgets. The Budgets menu option is displayed in Gateway of Tally -> Masters Info -> Account Info.

Use Reversing Journals and Optional Vouchers: Setting the option to “Yes” for displaying the Scenario option in the Account Information menu. Now you can create and modify scenarios. You can enter the Reversing Journal and make it optional, so entries don’t affect books of accounts.

Banking Features:

Enable Cheque Printing Feature: Set the option to Yes, to enable Cheque Printing.

Change Banking Properties: Set this option to “Yes” to change banking-related features.

Other Features:

Zero Valued Entries: Set the option to “Yes” to allow Zero valued entries in vouchers.

Mail Details for Company and Ledgers: Set this option to Yes to maintain multiple mail details for your company and accountants.

Set/Change Company Mailing Details: Setting this option is set to Yes enables Tally.ERP9 to change or create Address Types.

Enable Company Logo:

This option allows you to print your company logo on selected vouchers, reports, and invoices. When you set this option to Yes, the Company Logo screen is displayed. Specify the path of the Logo Location. The logo of the company is printed in the upper left corner of the relevant voucher in the report or on an invoice.

For more information on Accounting features in Tally.ERP9, please get in touch with our technical team of experts on 00966-583117703 or log on to the website at