Computer Guide Notes

 Payroll:- Payroll is an aggregation of the total amount of wages paid by the company to its employees. This is one of the most important expenses for businesses; It is therefore a very complex expense for companies to process. Processing the payroll slip is a very time-consuming task that is reserved with the company. Enabling Payroll in Tally: - G.O.T⟶Press F11 Feature (Company Features)⟶Accounting Features⟶Maintain Payroll⟶Yes Step 1⟹  Create Pay Heads          The components of structured salary are created under Pay Head create the salary structure components in pay head. The Pay heads are basically of two types Earning  Pay-heads Deduction  Pay-heads Example of Earning  Pay-heads ⟶ Basic Salary, HRA(House Rent Allowance) , TA(Traveling Allowance) , DA(Dearness Allowance), Over Time. Example of Deduction Pay heads ⟶ PF (Provident Fund), ESIC(Employee State Insurance Corporation),Leaves. Step 2 ⟶ Crea...

What is Account:- R ecording of all the transactions like nature concerning a particular item at the same place is called an account. An acs two sides i.e debit and credit. Debit is the left side of an account while credit is right side of an account. Account is a Record of transaction which may belong to person, company, assets, liabilities and Income & Expenditure. Basically There are Three Types of account. Personal account :- Any Account which belongs to person and all types to companies, They are called personal account. Example:- Ram's A/c, Google A/c, Microsoft A/c, SBI A/c, Jio A/c & Capital A/c etc. Real account:- All Types of company's Assets Account are Called Real A/c. Example:- Stock A/c, Computer A/c, Furniture A/c, Cash A/c, Goodwill A/c etc. Nominal account:- Any Account which Relates to Income & Expenditure, They are called Nominal Account. Example:- Salary A/c, Wages A/c, Carriage A/c, Interest On Investment ...