The purpose of putting in all your data is to present them in the traditional form of accounting. Tally has been designed to make this task easy. In order to get any report all you have to do is to enter vouchers. Tally gives you maximum benefit of the data that has been entered through vouchers. It takes care of all reporting based on these transactions and automatically presents them in comprehensible format. All these reports are up to date as tally displays these reports as the last voucher entered.
You can view reports like the Trial Balance, Profit and Loss Account, Balance Sheet, Stock statement, Ledger & Summaries, Sales, Purchase and other registers, Cash and Fund Flow Statements, Cost Center Analysis and what not.
All these reports require no additional effort on your part. Once you have entered the vouchers, based on the information in these vouchers, Tally automatically generates all these reports.
Following are some of the reports generated by Tally:
Just press enter on the Display option on the Gateway of Tally. Following menu will displayed.

(Figure 4.1)

Each area is grouped separately into books and statements. For example, Account Books and Statements of Accounts, Inventory books and Statements of Inventory.
The Day Book contains all the vouchers that have been entered till date (both inventory and accounting). However you are permitted to restrict the amount of information you wish to see by using the change period option.
Some of the option in the Display menu bring up other menus. For example, the option Account Books brings up the ‘Account Books’ in following menu.

(Figure 4.2)

The option statements of Accounts of brings up the ‘Account Statements’ menu in following menu:

(Figure 4.3)

Then Inventory Books option in the Display menu brings up the ‘Inventory Books’ menu like following figure:

(Figure 4.4)

The Statements of Inventory option in Display menu brings up the ‘Inventory Books’

(Figure 4.5)

Then Inventory Books option in the Display menu brings up the ‘Inventory Books’ menu like following figure:
The Statements of Inventory option in Display menu brings up the ‘Inventory Books’