How To Use Payroll Example In Tally Prime
Payroll example in Tally Prime
The present environment is digital era in which it is mandatory for us to do all our work in digital form to walk step by step, just as we used to do accounting in the past through manual method books, instead of which we are now using Tally. Through which we keep the Financial Transaction of our organization in digital form by recording it. Working in Tally is easy but for this it is necessary to have sufficient knowledge.
Only then will we be able to become a successful Accountant, so today we will tell you what is payroll in tally, Payroll in Tally, Payroll in Tally along with preparing the payroll to the employees, officers and laborers working in your organization in digital form using Tally. ERP 9, payroll entry in tally, payroll example in tally, payroll questions in tally, payroll accounting in tally, payroll in tally erp 9 pdf, payroll meaning in hindi are going to be given.
What is payroll
What is Payroll – Payroll is a process through which the salary, wages and bonuses paid to the employees working in an organization or company are calculated and recorded and paid every month.
What is Payroll in Tally
What is Payroll in Tally : Payroll is a system through which any organization, company, this department, prepare attendance for salary and other payments to employees, prepare Pay Head, prepare Employee Groups, record information about Salary Details etc. Payroll is used to make Salary and other payments to the Employee working in the organization or company every month.
How to Activate Payroll in Payroll in Tally erp 9
To activate Payroll in Tally ERP 9 & Tally Prime, we have to follow the following steps, so let’s know about Step by Step Payroll Activation or Enablement Method –
1) Select F11 Features
2) Yes to Maintain Payroll
3) Save by pressing Ctrl+A
In this way, after doing the whole process, Payroll Activation or Enable will be done, as soon as it is activated, we will see the option of Payroll under Inventory Info under Gateway of Tally.
Payroll in Tally erp 9
Before making entry in Tally Payroll, it is very important for us to know some important facts through which we will be able to enter payroll correctly, then let’s go to get information about some important facts –
1) Salary Details
Payroll is prepared for Salary Payment to the employees working in any company or organization, but Salary is made up of various items like –
Basic Salary
DA (Dearness Allowance) – Dearness Allowance is this facility which is given by the company to its employees, DA (Dearness Allowance) is mainly added to the basic salary.
HRA (Home Rent Allowance) – Rent Allowance is this facility which is given by the company to its employees, it is added to the basic salary.
TA (Travelling Allowance) – This is a type of traveling allowance which is added to the basic salary.
EPF (Employee Provident Fund) – Employees Provident Fund which is deducted from our basic salary because you deposit it in our Employee Provident Fund account which will be received by us later.
Insurance – It is deducted in our basic salary.
Loan – If the employee has got the loan amount from his companies organization, then his fixed amount is deducted from the basic salary every month.
While preparing parole in tally, we have to include all these above mentioned facilities under salary, so that net salary is prepared by adding the facilities given to our employees plus basic salary and deducting other deductions.
2) Units
We measure the daily attendance of employees in Payroll according to the day and time through which their salary is paid, then for this we will see the option of Units in Payroll through which we can set the day and time like That the attendance of any employee can be considered ie 8 hours in a day, in the same way we will prepare the unit for Payroll.
3) Attendance Type
As we all know that salary is paid according to the attendance of any person, in the same way an attendance register is prepared for the presence of employees in parole, in which we include absent, present, overtime and sick leave. Can prepare attendance register according to which payment can be made to the employees.
Absent – Days Leave without Pay
Present – Days Attendance with pay
Sick Leave – Attendance with pay
Over Time – Hr of 60 min
Emergency Leave
4) Pay Heads
Accounts have to be prepared for different types of payments, through which the employees are paid-
Basic Salary
DA (Dearness Allowance)
HRA (Home Rent Allowance)
TA (Traveling Allowance)
EPF (Employee Provident Fund)
Insurance –
Loan –
5) Employee Groups
Payroll in Tally (Tally Payroll) is salary payment, you have to prepare a group of employees, according to which their salary and other facilities are determined as we all know that there are different types of employees working in a company. That there are different grades according to which they get salary.
Example :- For example we are preparing Employee Group of employees of the college.
- Faculty – Grade A
- Office Assistant – Grade B
- Peon – Grade C
6) Employee List
In order to enter the payroll tally, in the end, we have to prepare a list of all the employees working in our organization through which they can be paid –
Mr. R.K. Sonkar – Faculty
Mr. B. Gajendra – Faculty
Mr. Ramswarup- Office Assistant
Mr. D Sahu – Office Assistant Sahu
Mr. Ram k Sahu – Peon
Mr. Dw Sahu – Peon
Payroll accounting in tally with Payroll Example in Tally
Payroll accounting in tally with Payroll Example in Tally Step by Step
1) Goto Payroll Info
First of all, go to F11 Features and Yes Payroll Management, now after Activate / Enable, we will see Payroll Info under Gateway of Tally, select it.
Example : F11 Features >> Payroll Managment >> Yes : Gateway of Tally >> Payroll Info
2) Create Employee Group : Payroll in Tally
For Payroll in tally, first we have to prepare Employee Group, on which we have to prepare according to our company and organization like –
Gateway of Tally >> Payroll Info >> Employee Groups
Gateway of Tally >> Payroll Infor >> Employee Groups >> Create
Example :- For example we are preparing Employee Group of employees of the college.
- Faculty
- Office Assistant
- Peon
3) Create Employee List
Now we have to prepare the list of employees working in our company for Payroll tally.
Gateway of Tally >> Payroll Info >> Employees
Gateway of Tally >> Payroll Info >> Employees >> Create
4) Create Units : Payroll in Tally
Now a unit of waiver will have to be prepared for the payroll tally so that the attendance, overtime of the employees can be determined.
Gateway of Tally >> Payroll Info >> Units (Work) >> Create
5) Create Attendance Register
At this step we have to prepare the attendance register for our employees. like –
Absent – Days Leave without Pay
Present – Days Attendance with pay
Sick Leave – Attendance with pay
Over Time – Hr of 60 min
Emergency Leave
Gateway of Tally >> Payroll Info >> Attendance / Production Type >> Create
6) Create Pay Heads
Gateway of Tally >> Payroll Info >> Pay Heads >> Create
Basic Salary
DA (Dearness Allowance) – Earning for Employee
HRA (Home Rent Allowance) – Earning for Employee
TA (Trawling Allowance) – Earning for Employee
EPF (Employee Provident Fund) -Deduction for Employee
Insurance – Deduction for Employee
Loan – Deduction for Employee
7) Create Salary Details : Payroll in Tally
Here we should enter the details of the basic salary and other facilities given to all the employees.
Gateway of Tally >> Payroll Info >> Salary Details >> Define
8) Create Salary Payable Ledger
Now we have to make Salary Payable Ledger for salary payment, through which we have to pay salary, apart from this you can also pay through Cash Account and Bank Account.
9) Goto Payroll Voucher
Now we have to go to Payroll Voucher so that further processing can be done in which we will have the option of Autofill Attendance and Auto Payroll under this voucher.
10) Mark Attendacne / Auto Fill Attendance
Payroll provides the facility of automatic attendance in tally as well as you can route the attendance according to you, remember you will be paid only after entering the attendance so you enter your presence, present and other attendance as per your requirement.
Gateway of Tally >> Payroll Voucher >> Auto Fill Attendance
11) Auto Payroll : Payroll in Tally
Through this option, we provide automatic payroll option in Tally Payroll in which we have to select the salary payment month period after which we will see the salary payment voucher of our employees.
Gateway of Tally >> Payroll Voucher >> Auto Fill Payroll
12) Payroll in Tally
After doing all these steps step by step, we will see the payroll voucher in the end automatically in this way, in this you will see the salary payment of all our employees through automatic parole only then your parole will be successful.
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