In Tally ERP 9, changing the current period typically involves altering the financial year or period for which you are entering transactions or generating reports. This software allows users to define and modify accounting periods to ensure accurate and up-to-date financial records. Here’s how you can change the current period in Tally ERP 9:
Accounting Periods in Tally ERP 9
Accounting periods in Tally ERP 9 refer to the time frame for which financial transactions are recorded. These periods can be daily, monthly, quarterly, or yearly, depending on the organization’s requirements. Changing the current period is essential for accurate financial reporting and compliance.
How To Change Current Period In Tally ERP 9?
Follow these step-by-step instructions to change the current period in Tally ERP 9:
1: Open Tally ERP 9:
- Ensure that Tally ERP 9 is installed on your system. Open the software and log in to your company’s data.
2: Gateway of Tally:
- From the main screen, navigate to the “Gateway of Tally” by clicking on the icon or pressing ‘G’ on your keyboard.
3: Alter Company Information:
- In the Gateway of Tally, select “Alt + F3” or navigate to “Company Info” and choose “Alter.”
4: Select the Company:
- A list of companies will appear. Choose the company for which you want to change the current period.
5: Go to Financial Year Details:
- Within the company alteration screen, look for “Financial Year (F2)” or “Period (Alt + F2).” Click on it to access the financial year details.
6: Change the Current Period:
- In the Financial Year Details screen, you will see options related to the current period. Change the current month, beginning of the financial year, and other relevant details as needed. Use the arrow keys or type the desired values.
7: Save Changes:
- Once you have adjusted the current period, press “Ctrl + A” to save the changes. Tally ERP 9 will prompt you to confirm the modifications; choose “Yes” to confirm.
8: Close and Open Company:
- Close the company alteration screen and return to the Gateway of Tally. It is advisable to close the company and reopen it to ensure that the changes take effect.
Conclusion:
Accurate management of accounting periods is crucial for maintaining precise financial records in Tally ERP 9. By following the steps outlined above, users can easily change the current period, ensuring that financial data remains up-to-date and compliant with the organization’s reporting requirements. Regularly reviewing and updating accounting periods in Tally ERP 9 contributes to effective financial management and facilitates smooth business operations.
