Tally ERP 9

Introduction : -
Tally is an ERP accounting software suite used for capturing a company’s day-to-day business data.
Tally ERP 9 software is a popular financial accounting and inventory management system. It is one
of the greatest accounting software programs that can be combined with other company applications
such as sales, finance, purchasing, payroll, inventory, and so on. Tally software keeps detailed
records of all company transactions for each account. It uses a double-entry accounting method,
which eliminates and corrects potential mistakes. The software is one of the most widely used
accounting programs in India. It is full enterprise software for small and medium-sized businesses.

Tally. ERP 9 enables business owners and their associates to interact more in account-related
discussions. It is a complete product that retains its original simplicity while providing
comprehensive business functionalities such as Accounting, Finance Management, Inventory
Handling, Sales, Purchase & Selling, Sales, Manufacturing, Job Costing, Payrolls, and
Branch Management, as well as compliance capabilities for Excise, GST, TDS, and TCS.

Tally. ERP 9 enables business owners and their associates to interact more in account-related
discussions. It is a complete product that retains its original simplicity while providing
comprehensive business functionalities such as Accounting, Finance Management, Inventory
Handling, Sales, Purchase & Selling, Sales, Manufacturing, Job Costing, Payrolls, and
Branch Management, as well as compliance capabilities for Excise, GST, TDS, and TCS.

Tally ERP 9 is a comprehensive business management software primarily used for

accounting, inventory management, taxation, and payroll. It is designed to help businesses of
all sizes streamline their operations and maintain accurate financial records. With a user-
friendly interface, Tally ERP 9 offers functionalities such as:

Tally ERP 9 is widely used in small, medium, and large businesses across industries due to its
scalability, ease of use, and powerful features that help improve business efficiency and
compliance.

Tally ERP 9 is an integrated business management software designed for accounting,

inventory, payroll, and taxation. It helps businesses automate financial processes, manage
inventory, ensure tax compliance (including GST), and generate various financial reports.
Known for its simplicity and scalability, Tally ERP 9 is used by small to large businesses to
streamline operations, improve accuracy, and ensure regulatory compliance.
helps businesses manage their financial transactions, generate financial reports like balance
sheets and profit & loss statements, and track their cash flow.

History of ERP 9 : -

Tally ERP 9 was developed by Tally Solutions, an Indian software company founded in 1986
by Shyam Sunder Goenka and Bharat Goenka. Initially, the software was launched as Tally
4.5 in the early 1990s, primarily focusing on accounting. Over time, the software evolved,
adding more features like inventory management, payroll, and taxation.
Tally ERP 9 was developed by Tally Solutions, an Indian software company founded in 1986
by Shyam Sunder Goenka and Bharat Goenka. Initially, the software was launched as Tally
4.5 in the early 1990s, primarily focusing on accounting. Over time, the software evolved,
adding more features like inventory management, payroll, and taxation
Before delving into the history of Tally, it's essential to understand the origins of counting
itself. Human beings have been counting for thousands of years, initially using their fingers
and later developing tools like the abacus to simplify calculations.

forward to the late 20th century, where the foundations of modern Tally were laid. Shyam
Sunder Goenka, an Indian businessman, established Tally Solutions in 1986. His vision was
to simplify accounting for businesses .

Gone are the days when the accountants used to perform the accounting
tasks manually. The long calculations have been substituted by the
efficiency of the computer mechanics. A software named TALLY,
Transactions Allowed in a Linear Line Yard has completely revolutionised
the accounting sector. Nowadays, this powerful software is substituting
the hard work and time required to perform the accounting functions and
is increasing the efficiency of the accounting team in the organisations .

Nowadays, training of TALLY is being provided in the graduation years itself if the
candidate chooses to major in the accountancy subjects. Anyone can learn to use TALLY.
Hundreds of online resources are available free from where the candidates can start learning
TALLY from scratch.

Purpose of TALLY ERP 9 : -

The core purpose of Tally is to manage complex accounting and financial processes
effectively. It allows users to track and manage accounts, sales, debts, and various other
business aspects. Tally aims to simplify and streamline accounting tasks, making them more
efficient and less prone to errors. This includes everything from basic transaction recording to
complex financial reporting and analysis

Tally software is a great boon to the accounting professionals who have been getting major
benefits from it. What does it server companies using .
Tally ERP 9 as a handy solution for accounting professionals. Coming to the point, there are
multiple advantages of using ERP 9 software .

Scope of TALLY ERP 9 : -

Tally ERP 9 is the latest version and is highly advanced. As it is highly advanced, its core
objective is recording business or financial transactions. With the help of this accounting
software, you can keep a record of payroll, all purchases made, handle inventories, manage
sales, etc. Tally ERP has two separate versions – silver and gold. If you intend to use it for
your purpose, you can purchase the silver version but if you want it for your family go for
multiple users.
As per a news article, there is a huge scope of Tally Courses in India. The article, which was
published on 24/7/2021, states that according to Udemy’s list of the top emerging skills in
June, Tally, an ERP accounting software application that is well-known throughout India, has
taken the top spot in the world’s learning market. It is currently the number one ranked skill
and is even ahead of popular skills like the Google Cloud Professional Cloud Architect,
Amazon Virtual Pr
ivate Cloud, GST, and cryptocurrency.

 Employment Opportunities: -
Proficiency in Tally ERP 9 is a high-demand skill across different sectors and Industries.
Therefore, it opens doors to many job opportunities. Knowing Tally ERP 9 can land you a job
as an accountant, Audit assistant, financial analyst, inventory manager, or payroll
administrator. Furthermore, this proves the scope of Tally ERP 9 is vast.
 Global Career Growth and Advancement:

As you gain more experience and expertise, you can undoubtedly reach positions such as
finance manager, controller, or even finance director. As Tally is used globally, there is no
turning back if you are an expert at it. It will definitely open international doors to countries
where Tally ER9 is widely used. Therefore, the scope of Tally ERP 9 is endless; you just
need to be focused.

 Freelance and Remote work:

With the rise in remote work opportunities, there will definitely be more work for those who
want to offer their services in Tally ERP 9. As a result of an increase in the scope of Tally
ERP 9, you can get clients from different parts of the world with different financial
requirements.

Aspects of TALLY ERP 9 : -

It offers a range of features for accounting, inventory management, payroll, taxation, and
financial reporting. Key aspects of Tally ERP 9 include:
1 Accounting : -
Manages all accounting processes, including ledgers, vouchers, and financial statements
(balance sheets, profit & loss, etc.).
2 Inventory Management :-
Tracks stock movements, manages multiple godowns, and automates stock updates.
3 Taxation : -

Supports GST, VAT, service tax, and other tax computations, along with tax returns filing.
4 Payroll Management:
Tally facilitates payroll processing, including salary computation, statutory compliance (PF,
ESI), and employee reports.
5 Banking & Reconciliation:
Bank transactions like payments and receipts can be recorded, and bank reconciliation is
made simple to ensure accurate financial records
6 Reports and Analysis:
Tally ERP 9 offers detailed financial, inventory, and tax-related reports for analysis and
decision-making.
7 Security and Backup:

Data security is enforced with user authentication and access controls. Tally also allows
regular backups to safeguard against data loss

Advantage of TALLY ERP 9 :

Tally provides various benefits to companies looking for enhanced output and increased
productivity. Given below are some of them.

1 Accounting and Financial Management : -

One of the major advantages of Tally software is it simplifies accountancy by streamlining
labor-intensive accounting procedures. Businesses can use Tally to build and handle ledgers,
log deals, and keep track of balance sheets and profit and loss accounts. Companies can also
monitor expenditures, create bills, and balance bank accounts using the program.

2 Automatic Data Entry :

Data input is automated by Tally, so there is no longer a need for human data entry.
Busines.ses can upload data into Tally from various sources, including credit card bills, bank
accounts, and other bookkeeping tools. By reducing the chance of mistakes and saving time,
this feature guarantees that companies have precise financial information.

3 Management of Compliance and Taxation :

streamlining tax computations and producing tax records, Tally makes taxes and
compliance administration simpler. GST, VAT, and TDS are just a few of the fees that the
program can manage. Tally also produces conformance records that assist companies in
adhering to regional tax laws and regulations.

4 Financial Reports and Statements : -

Tally allows businesses to produce a range of financial statements and records, including
cash flow statements, profit and loss statements, balance sheets, and more. Companies can
make wise financial decisions with the knowledge these documents provide about their
financial performance.

5 Payroll Processing and Management :-

Tally simplifies payroll processing and administration, enabling businesses to determine
payment based on attendance and leave data, subtract taxes and other deductions, and
generate payslips. This function helps businesses save time and minimize mistakes associated
with traditional payment procedures.
6 Statutory Compliance :
Tally helps businesses remain consistent with local labor laws and regulations by
streamlining statutory compliance management. With Tally, businesses can generate
compliance reports, maintain statutory registries, and submit statutory returns. This function
helps them comply with labor laws and regulations, decreasing the risk of sanctions and fines.
To learn more about the advantages of tally, you can opt for an in-depth.

Disadvantages of TALLY ERP 9 : -

Following are
disadvantages of Tally ERP 9:

1 Difficult to Learn :
Tally ERP 9 can be a little complex and complicated to learn. This can make it difficult to use
it. Businesses might need to spend additional time and money on employee training.

2 Poor User Interface : -

Tally ERP 9 has a rather primitive user interface. The interface lacks modern capabilities like
drag-and-drop features. Furthermore, the software does not offer an easy way to customize
the display for different types of data or access multiple windows at once.

3. Limited Involvement : -
Tally’s limited interaction with other software programs is one of its primary drawbacks.
Although it does provide a few link options, companies might find it challenging to connect it
to other essential software programs like customer relationship management .

4. Compatibility Issue : -
Tally has compatibility issues with some running systems, which may limit the software’s
applicability for some businesses. For instance, businesses that use Apple products might
need to use simulation software to run Tally, which can be difficult and time-consuming.

5. Limited Scalability : -
Tally ERP 9 has very limited scalability. It can be beneficial only if you have limited
operability. The software is primarily used by small and medium businesses. For large-scale
enterprises, Tally ERP 9 might not work.
6. Not Secure :-
Tally ERP 9 does not have the best security measures. Financial information is one of the
most important data in any organization, which might be at risk if there are security breaches.
Tally, in general, is known to be vulnerable to security threats and breaches

7. Lack of Advanced Features : -

Since Tally is predominantly designed for bookkeeping and financial administration, it might
not provide the advanced features that businesses need in other areas like marketing, sales, or
human resources. Companies may be constrained to use additional software to comply with
this restriction.

Significant of TALLY ERP 9 : -

Tally ERP 9 is a comprehensive business management software widely used for accounting,
financial management, and inventory management. Its significance lies in several key areas:

 Inventory Management :-

It allows businesses to keep track of stock movements, manage multiple warehouses,

generate stock reports, and handle order management and invoicing, making it crucial for
inventory-dependent businesses.

 Taxation Compliance: -

The software is designed to assist businesses in complying with tax laws. It automatically
calculates GST, VAT, TDS, and other applicable taxes, generating tax returns and reports
in accordance with local regulations.

 Ease of Use : -
Its user-friendly interface and simple navigation make it accessible to both accounting
professionals and business owners with minimal technical knowledge.Customization and
Scalability.

 Customization and Scalability : -

Tally ERP 9 is highly customizable to suit the needs of various industries like
manufacturing, retail, and services. It can scale according to the growth of the business.

 Integration with Other Applications :-

It can integrate with other software systems, allowing businesses to streamline operations and
manage financial data seamlessly.
 Data Security :-
With features like password protection, data encryption, and backup options, Tally ERP 9
ensures the security and integrity of financial data.

Overall, Tally ERP 9 is significant for businesses as it simplifies financial management,

ensures compliance, enhances productivity, and provides valuable insights into business
performance.

Features of TALLY ERP 9

Tally ERP 9 is a widely used enterprise resource planning software that offers an extensive
set of features designed to help businesses manage their accounting, inventory, payroll, and
other operations seamlessly. Below is an explanation of the key features of Tally ERP 9
The latest version of Tally is Tally ERP 9, and its cloud counterpart is Tally Prime. Some of
the key Tally Prime features are financial accounting, inventory management, tax,
compliance, business intelligence, customization, and collaboration. Both Tally ERP 9 and
Tally Prime offer similar features. However, Tally Prime is designed to be user-friendly and
intuitive, which you can learn through the Tally course, making it easy for small businesses
to manage their accounting and compliance tasks without requiring specialized training or
technical expertise.
 1. Accounting :-

The accounting feature of Tally ERP 9 is one of the most important features of Tally
software. The software allows users to create and maintain financial records such as
ledgers, vouchers, and journals. Ledgers in tally help you maintain a record of all the amounts
that are debited and credited to your account. It helps to track stock levels, expenses, and
incomes. The accounting feature in Tally also allows you to set reorder points, and generate
invoices, and reports.
Accounting features in Tally allow users to generate financial reports such as profit and loss
statements, balance sheets, and trial balances. It also supports multiple currencies, enabling
businesses to manage their finances in different currencies or deal with international t
ransactions. In addition, the software allows users to set up different currencies and convert
them according to the exchange rate.

2. Financial Management : -

The purpose of the financial management feature in Tally is to provide businesses with tools
for managing their financial activities and making informed decisions about their financial
strategies. It includes features like tracking bank accounts, reconciling transactions, and
generating financial reports.
refers to the suite of features designed to help businesses manage their financial operations effectively
within the ERP (Enterprise Resource Planning) system. Tally ERP 9 is a widely-used accounting
software that streamlines various financial processes. Here's a brief overview of its key features in
financial management.

Tally ERP 9 simplifies financial management, enhances business efficiency, and ensures
compliance with financial regulations.

3 Inventory Management : -

Tally allows businesses to manage their inventory efficiently by tracking stock levels,
generating purchase orders, and recording sales and purchases. It also offers support for
multiple units of measure and the ability to set minimum and maximum stock levels.
In addition to the accounting features in Tally, inventory features in Tally are equally
popular. The software allows users to set up inventory groups and categories and generate
reports on inventory movements and stock levels. Tally is also able to handle multiple units
of measure. This is especially useful for businesses that deal with products sold in different
units, such as weight, volume, and length. The inventory features in Tally allow users to set
up different units of measure and convert them according to the conversion rates. This helps
businesses manage their inventory levels accurately and avoid overstocking or understocking.
4 Sales Management :-

Sales and Purchase Management are crucial modules for tracking and managing business
transactions related to the sale of goods or services, as well as the procurement of goods from
suppliers. Here's an overview of how these processes work in Tally ERP 9 .

 Sales Invoices : - Tally allows you to create sales invoices for goods or services sold.
You can enter details such as the customer’s name, items sold, quantity, rates, and
taxes.

 Sales Voucher : - A sales voucher is used to record sales transactions. You can enter
the sales date, customer details, and the items being sold.

5 .Purchase Management : -

Purchase Management in Tally ERP 9 is a critical module that helps businesses manage
their procurement process, from placing orders to receiving goods and paying suppliers. Tally
provides comprehensive features for managing purchases, maintaining supplier information,
tracking inventory, and generating reports. Here’s how Purchase Management is handled in
Tally ERP 9. By leveraging Tally ERP 9 for purchase management, businesses can
streamline their procurement processes, reduce errors, and maintain better control over
inventory and supplier relationships.
 Purchase Vouchers - The purchase process begins with recording purchase
transactions through Purchase Vouchers. You can enter details such as
 Supplier information (name, contact, etc.)
 Item details (quantity, rate, and amount)
 Taxes and discounts applied on the purchase
 Date of purchase and due dates

 Creating Purchase Orders - Tally allows you to create Purchase Orders when you
intend to buy items from a supplier. You can specify the items, quantities, expected
delivery date, and rate.

6 Payable Management : -

In ERP 9 (Tally ERP 9), Payable Management refers to the process of managing the amounts a
company owes to its suppliers and vendors for goods or services received. It ensures that the
business keeps track of outstanding liabilities and makes timely payments. By utilizing these
features, ERP 9 helps businesses streamline their payable processes, maintain cash flow, and
maintain good supplier relationships.

 Payment Vouchers: - When making payments, Tally allows you to record payments
via cash, bank, or cheque. Payments can be linked to invoices, reducing outstanding
liabilities.
 Outstanding Payables : - Tally generates reports to track outstanding payables,
ensuring businesses can monitor what they owe to each vendor and when payments
are due.
 Cash Flow Management : - Ensuring there is enough liquidity to cover outstanding
liabilities.

7 Tax and Compliance :-

The tally includes tax management features, including calculating tax liabilities and
generating tax reports. This feature helps businesses to ensure compliance with tax laws and
avoid costly penalties. The software allows users to set up different tax rates and apply them
to transactions. It also allows users to generate tax reports and compliance documents such as
GST returns. These features help businesses comply with their country’s tax laws and
regulations.

8 Budgeting :-

The budgeting feature in Tally allows businesses to set financial goals and track their
progress toward achieving those goals. This helps businesses to stay on track and make
informed decisions about their financial strategy. How to see the budget feature in Tally?
The budget feature in Tally is activated by pressing the ‘ Budget’ button in the main menu
or pressing the ‘Ctrl+B’ keyboard shortcut.

9 Payroll Management : -

The payroll management feature of Tally allows users to set up employee records and track
their attendance, leave, and salary. It also allows users to generate payroll reports and
compliance documents such as salary slips and tax returns. This helps businesses manage
their payroll processes efficiently and comply with their country’s labor laws and regulations.
10 Reports and Analysis : -

Tally provides a range of reports and analysis tools that enable businesses to track their
performance and make informed decisions. These include financial statements, profit and loss
statements, balance sheets, and other reports.

11 CRM : -

The CRM feature of Tally allows users to track and manage customer records, set up sales
and marketing campaigns, and generate reports on customer activity and performance. This
helps businesses build and maintain strong customer relationships and optimize their sales
and marketing efforts.

Tally is a powerful and comprehensive tool that helps business owners manage their
businesses efficiently and effectively. This software has evolved into becoming one of the
finest tools that businesses can make use of daily. Let us know in the comments about any
key Tally Prime features we haven’t listed here and any other blog you want us to write
about.

Versions of TALLY ERP 9

Tally ERP 9 is a popular accounting software used by small and medium-sized businesses. It
has gone through multiple versions, with new features and improvements added over time.
Some of the key versions of Tally ERP 9 include:

 Tally ERP 9 Release 1.0: -. The first release of Tally ERP 9, offering basic
accounting, inventory management, and financial reporting.
 Tally ERP 9 Release 2.0 :- Improved features for taxation, including GST (Goods
and Services Tax) functionality, and enhanced reporting options.
 Tally ERP 9 Release 3.0 :- Added support for more business processes, including
payroll, and enhanced tax features Customization and Scalability
 Tally ERP 9 Release 4.0: - Introduced more advanced features for managing multi-
location businesses and enhanced security for data handling.

 Tally ERP 9 Release 5.0 (GST Edition) : - Tally 9 is the next version of Tally with 9 added
features. The features of Tally 9 includes excise, payroll, e- TDS filing facility, FBT, TDS,
and other regular features related to accounting and inventory management Tally
ERP 9 is the latest version of Tally since 2009. It has lingual many business
organizations. It has advanced features including GST calculations, invoice and payroll
procedures, remote access, multi-user login, and transaction procedures. Nowadays,
businessmen wish to have a complete business solution software like Tally.
 Tally 18 : - Many Tally users have been waiting for its recent updated version Tally
18. Several features of Tally ERP 9 has been updated and tuned as per user
convenience.
These are the different Tally versions that ruled over the accounting realm for years.


Usages of TALLY ERP 9 : -
Tally is like a digital accounting book where you can enter your debits or credits without
manually writing them and calculating them in a physical book. You can enter your entries in
the same way digitally. Here are the various uses of Tally software.

1. Ledgers : -

You can create ledgers in Tally for all your financial transactions.. You can also create
separate ledgers for each business or client account. For example – You can start a ledger for
your bank account or a ledger for how much a client owes you in Tally. Businesses can
record and maintain all financial transactions, such as purchases, sales, payments, and
receipts. Tally automatically updates the general ledger and generates reports, such as trial
balances, balance sheets, and profit & loss statements.

2 . Multi-Currency Management: -
Tally allows businesses to manage multiple currencies, making it an ideal tool for companies
engaged in international trade. It handles exchange rate fluctuations and generates reports in
different currencies.

3.Banking and Cash Management : -

Tally enables the management of bank transactions, including reconciliation of bank
statements and payments. It also supports petty cash management, helping track small, day-
to-day expenses

4 . Stock Tracking: -

Tally helps in tracking and managing stock levels, ensuring businesses are always aware of
their inventory status. It allows users to create multiple stock items, manage stock categories,
and define units of measurement.

5 . Stock Valuation :-
The software provides various stock valuation methods like FIFO (First In, First Out), LIFO
(Last In, First Out), and Average Cost to help businesses calculate the value of their
inventory

6 . VAT, Service Tax, TDS, and TCS : -

Tally ERP 9 ensures compliance with various indirect taxes like VAT (Value Added Tax),
Service Tax, and TDS (Tax Deducted at Source), enabling businesses to file returns and
manage tax liabilities effortlessly.

Accounting Vouchers for Tally ERP 9 Software :-

 Sales Voucher in Tally :-

The Sales Voucher is a sort of accounting voucher that is most commonly utilized by
TallyErp-9 users. It may be prepared in either invoice or voucher format, depending on the
nature of your business. You may print and deliver a copy of the invoice to your customers
when in Invoice mode. The Voucher mode can be utilized when you simply need to record
transactions for statutory purposes and do not need to print and share the information with
your client. Tally.ERP 9 allows you to address a variety of requirements.

 Purchase Voucher in Tally :-

Depending on the nature of the company activities, the Purchase Voucher can also be
recorded in either the Voucher or Invoice form. Tally categorizes it as accounting vouchers.
ERP 9. What if you change your mind and wish to alter the mode while inputting buy
transaction details? What if you’ve input all of the information and then decide to alter the
mode at the last minute? Tally ERP 9 allows you to turn a voucher into an invoice or vice
versa without having to re-enter the information. It automatically adapts to your preferences.
Simply press the Toggle button. By activating options, you can add additional information.
To do so, press F12.

 Payment Voucher in Tally :-

Tally’s Payment Voucher, when building ERP 9, you can include any number of details. You
may offer data such as the instrument number and even print the check when making a
payment to a party. You can print the matching check as soon as you pass a Payment
Voucher. After completing the payment, you may build a Payment Advice in Tally. ERP 9
and send it to your supplier, who will be updated with all of your paymentsWhat is Tally ERP
9? Definition, Uses, Prospects.

 Receipt Voucher in Tally :-

Tally. ERP 9 allows you to review any pending invoices for which payments have yet to be
received when you create a Receipt Voucher. When a client makes a payment, you may
record information such as the invoice number, whether the payment was made in cash, by
check, or by NEFT/RTGS, and the instrument numbers. You may also send this information
to your consumer via email. You will never lose track of the payments this way.

 Contra Voucher in Tally :-

Businesses typically utilize Contra Vouchers to withdraw cash from banks or deposit cash in
banks.

 Journal Voucher in Tally :-

Businesses utilize the Journal Voucher for a variety of purposes depending on their industry.
Some accountants use them for both purchases and sales. Tally supports both accounting and
inventory Journal Vouchers. Inventory Journal Vouchers in ERP 9 can be used to change
goods or to shift inventory from one go down to another.

 Credit & Debit Note Voucher in Tally :-

The Credit Note Voucher is typically used for a sales refund. Tally. ERP 9 does not activate
the Credit Note by default. For purchase refunds, a Debit Note is utilized. With Tally. ERP 9,
a user may either transmit a Debit Note as a voucher or as an invoice, affecting the inventory
values. By hitting F11 and setting the Features, you may enable the Debit Note Voucher.

How to use TALLY

STEP 1 :- Install Tally ERP 9

Tally ERP is designed with simplicity and is very convenient to use in businesses. Getting
familiar with the software's user interface takes very little effort. Tally 9 is a paid
subscription-based software that requires a product key license to get used in the business's
commercial operation . You can purchase it in digital or a physical format like a DVD drive.
Also, you will be required to have a strong internet connection to install the software and the
license key to use it .

STEP 2 : - Application Startup

Once Tally is opened, another popup window on your screen, “Application Startup”, stating
“Tally ERP will start with the following settings. Click Configure to change these settings”.
You won’t be required to make changes. However, check them carefully and then Click

Accept” or press A on your keyboard.

STEP 3 : - Licence
After the application has been set up, You will be required to purchase the license to use the
software for commercial use. The following options will appear on your screen.

 Try it for Free (Educational): This is the option for those who want to learn and
would better be used as a tutorial for students or learners. It is will very limited
features but best for those who want to get started with the software. However, You
won’t be required for this option.

 Use Licence From Network: A network license is yet an innovative way to use the
software. Under this option, The license for the software is configured through the
network you are connected with. You will be required to enter login details to
configure the license for the software.

 Reactivate Existing Licence ; If you have already purchased the software once, you
simply need to reactivate your licence. Use the existing license to configure the
software and get started with it.
 Activate New Licence:
If you are a first-time user of the software. You will be required to purchase the
license online from the official website of Tally. After making the specified payment,
You will be required to use the license for activation. Under this option, You will be
required to fill in “The Serial Number”, “Activation Key”, and “Email ID”, through
which the activation key will be managed.
STEP 4 : Tally Navigation

Once the installation is complete, you can navigate the various options on the dashboard. You
may notice that for every option, there is a shortcut key. It is designed by Tally Solutions to
provide easy navigation to the users. These easy navigation are designed to increase the users'
productivity over time.

Getting Started With Tally

Once the tally is installed, you will be curious to understand how to use it. Well, it is an easy
process, and we have some steps to get you started. Here are a few of them:

1. Create a Company

You will be required to create the company by filling in the required details in the
column. Press K or click on the company to create a company. There you will be required
to fill in the details of the company name, Its mailing name, address, email address,
financial years, Currency symbols, and other details.
 2 Create Ledgers

Press C from the keyboard on the dashboard and choose Ledgers from the menu.
Tally has built-in features for some opened ledgers, like Cash books, Sales ledgers,
Purchase ledgers, etc. Once you click on the ledger, a new window will appear on
your screen, requiring you to fill in the ledger name. Under which account type will
your ledger fit?
There is a long list of account types with different characteristics in accounts, like
Capital Account for the owner’s fund in the business or an expense account for
different expenses in the business. Choose the one that fits the type of account, and
then enter the account holder's address.
Choose the one that fits the type of account, and then enter the account holder's
address, PAN number, and GST details if applicable.

3 Create Vouchers

To create vouchers, click on vouchers on the dashboard or press V on the keyboard.

There are multiple types of vouchers in the tally. Here is a list of the most commonly
used vouchers:
 Contra Vouchers :-

Contra Vouchers are nothing but transactions involving cash inflows or outflows from
bank to cash in hand or vice versa. These are most transitions in a small organisation
as businesses are mostly carried on cash rather than on credits.

 Payment Vouchers : -

These vouchers are used to make payments to a 3rd party for any sort of credit or
dues, etc.

 Receipt Vouchers : -

It is used in tractions involving the flow of cash within the businesses either from
operation or financing activities.
Conclusion

We hope now you got a proper introduction of Tally ERP 9. It is one of the most trusted
platforms for accounting and financial solutions for small businesses. Their easy-to-use
interface makes the platform smooth for the business. It is also not very costly software for
businesses. The band has been widely accepted for its excellent deliveries for the needs of
businesses. Since its inception, Tally has gone through various updates and software patches
to develop as a prominent software .

Their easy-to-use interface makes the platform smooth for the business. It is also not very
costly software for businesses. The band has been widely accepted for its excellent deliveries
for the needs of businesses. Since its inception, Tally has gone through various updates and
software patches to develop as a prominent software. In 2022, The company renamed Tally
“Tally Prime”, designed and developed with Amazon Web Service (AWS) as a flagship
product on its cloud-computing platform.
You can use the Biz Analyst application to manage your business effectively. It syncs with
Tally data making it easy to access even if you’re offline or on the go. You can manage the
accounts, create ledger entries, access business reports, and more to keep your business on
the right track.