What is a Tally? Complete Guide For Student

Transactions Allowed in a Linear Line Yard is what Tally stands for.
The main purposes of this ERP (Enterprise Resource Planning) software are:

  • Keeping track of
  • Management of Inventory
  • Management of taxes (GST, TDS, etc.)
  • Payroll
  • Investing in banking
  • Billing

TallyPrime, the most widely used version, took the place of the previous Tally ERP 9.

  • High demand among small and medium-sized enterprises
  • Crucial for finance professionals and accountants
  • User-friendly interface
  • Software that supports GST
  • aids in overseeing all corporate operations
  • Students studying commerce
  • Future accountants
  • Business owners and entrepreneurs
  • Experts in HR and finance

1. Basic Accounting Overview of Accounting

  • Introduction of Accounting
  • Establishment of a Company in Tally
  • Group Creation & Ledger
  • (Sales, Purchase, Payment, Receipt, etc.) Voucher Entry

2. Inventory Management

  • Creation of Stock Items
  • Measurement Units
  • Vouchers for Inventory
  • Stock Groups and Categories
  • Enabling GST in Tally
  • GST Master creation (HSN/SAC codes)
  • GST Bill
  • GST Reports and Returns
  • Reconciliation of Banks
  • Printing checks
  • Payment Advice & Deposit Slip
  • Electronic Payments
  • Details of the Employee
  • Configuration of Salary
  • Heads of Attendance and Pay
  • Reports on Payroll
  • Configuring TDS
  • TCS Submissions
  • Filing a Return
  • Configuring TDS
  • TCS Submissions
  • Balance Sheet
  • Earnings and Losses
  • Bank Book/Cash
  • Analysis of Ratios
  • Control of Security and User Access
  • Make a backup and restore
  • Divided Company Information
  • Cost Categories & Cost Centers

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