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Tally

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juhi199711
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16 views3 pages

Tally

Uploaded by

juhi199711
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tally is accounting software widely used for financial management and business

accounting. If you're learning Tally (especially TallyPrime, the latest version), you can
expect to gain knowledge and skills in the following key areas:

1. Basics of Accounting

• Fundamentals of accounting (debits, credits, journal entries)

• Double-entry bookkeeping system

• Chart of accounts (ledgers, groups, vouchers)

2. Company Management in Tally

• Creating, altering, and deleting companies

• Setting up financial years and security controls

• Backup and restore functions

3. Ledger and Group Creation

• Creating ledger accounts for assets, liabilities, income, and expenses

• Grouping ledgers for better financial analysis

• Maintaining multiple ledgers and groups

4. Voucher Entries

• Types of vouchers: Payment, Receipt, Journal, Sales, Purchase, Contra, etc.

• Entering day-to-day business transactions

• Using shortcut keys for efficiency

5. Inventory Management

• Creating stock groups, stock items, and units of measure

• Recording stock in and out through purchase/sales vouchers

• Managing Godowns and stock categories


6. Taxation

• GST (Goods and Services Tax):

o Enabling and configuring GST in Tally

o Filing GSTR-1, GSTR-3B through Tally

• TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) (if
applicable)

7. Payroll Management (Optional)

• Creating employee records

• Payroll processing and salary slips

• PF, ESI, and other statutory payments

8. Banking

• Bank reconciliation

• Cheque management

• Payment advice and e-payments

9. Financial Reporting

• Balance Sheet

• Profit & Loss Account

• Trial Balance

• Cash Flow and Fund Flow Statements

• Ratio Analysis

10. MIS Reports

• Stock summary

• Ageing reports
• Outstanding receivables/payables

• Sales & Purchase analysis

11. Customization and Advanced Features

• Cost centres and cost categories

• Budgeting and scenario management

• Multi-currency transactions

• Multi-location inventory

• Use of Tally audit and security controls

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