TALLY Introduction

Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is easy to use software and is designed to simply complex day to day activities associated in an enterprise. Tally provides comprehensive solution around accounting principles, inventory and data integrity. Tally also has feature encompassing global business. Tally software comes with easy to use interface thus making it operationally simple.

Tally accounting software provides a solution around inventory management, stock management, invoicing, purchase order management, discounting, stock valuation methodology, etc.

Tally accounting software also comes with drill down options, which can track every detail of transaction. It helps in maintaining simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc.

Features Of TALLY

  • Any business owner understands the importance of maintaining proper books of account. This practice ensures that finance for the company is always in order and are correct at all given points of time. Company should always be aware of its financial positions.
  • Tally accounting software provides a solution to all the problems real businesses have to encounter. Single software takes care of all tasks required for enterprise management. Accounting task such as records keeping, accounts receivable and payable management and bank reconciliation are made simple through tally.
  • It provides auditing and compliance capabilities exclusively for Chartered Accountants.
  • It allows a user can directly post his support queries on the functional and technical aspects of the Product.
  • It works as an interface between the user and Tally.ERP 9 installed at different sites and enables the user to centrally configure and administer Site/User belonging to an account.
  • Tally provides remote capabilities to access the data from anywhere and anytime.
  • Using java programming language we can create distributed applications. RMI(Remote Method Invocation) and EJB(Enterprise Java Beans) are used for creating distributed applications in java. In simple words: The java programs can be distributed on more than one systems that are connected to each other using internet connection. Objects on one JVM (java virtual machine) can execute procedures on a remote JVM.
  • The Tally Online Help (Alt+H) provides instant assistance on basic and advanced features or any other relevant topics of Tally.
  • Immediate posting & updation of books of accounts as soon as the transactions are entered, thereby facilitating instant statements & Reports. It also faciliaties real-time multi-user environment.

Common Uses Of TALLY

The uses of TALLY are:

  • Uses of Tally in a Business Tally is powerful accounting software driven by a technology called concurrent multi-lingual accelerated technology engine. The software is commonly used in many small and medium sized companies, especially popular in the Indian market. Tally provides comprehensive solutions around accounting principles, inventory and data integrity. It has been designed to simplify day to day business functions. Tally integration can help a business with accounting solutions, financial and inventory management, sales and purchase management, invoicing, reporting and MIS. Tally is a complete accounting, inventory, taxation and payroll software. The software keeps releasing new
  • Updates in the market providing improved features. The latest version available is the Tally ERP 9 software. With Tally ERP 9 integration, users get access to added features like Tally data synchronization, Excel to Tally Import Utility, post-dated cheque management, GST compatibility, and many more. Tally is robust and powerful, operates at high speeds, executes in real time and has full-proof online help. It is highly versatile and flexible, and can be customized as per different business needs. The main function of Tally is to perform the financial analysis and financial management for an organization. It helps in maintaining simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc. It provides information around receivables turnover, cash flow statement, activity consolidation and even branch accounting. With Tally integration, a business can store all their company data securely into a Tally server. Regular data integrity checks are made to ensure that no external modifications to the data can be made.
  • Certain business organizations use a single Tally account for all their multiple office locations. With the help of Tally ERP 9 integration, data entered in one location can be updated across all locations. This feature is called as Tally data synchronization. Users can create, modify and delete data from all locations. Tally can make data management easier for a business.

Course Detail

We cover in this course:

  • INTRODUCTION OF TALLY
  • KNOWLEDGE OF SHORTCUTS
  • CREATE/EDI/DELETE COMPANY
  • LEDGERS AND GROUPS
  • ACCOUNTING VOUCHERS
  • TRAIL BALANCE
  • FINANCIAL STATEMENTS
  • TRADING ACCOUNTS
  • PROFIT AND LOSS ACCOUNT
  • BALANCE SHEET
  • VAT INTRODUCTION
  • GST