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Tally Accounting

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Tally Accounting

About The Course

Tally Accounting refers to the use of Tally software, a widely used accounting and business management solution, for managing various financial tasks. Tally software, particularly Tally ERP 9 and the more recent TallyPrime, is popular among small and medium-sized businesses in India and beyond for simplifying bookkeeping, accounting, and inventory management.

Tally allows businesses to handle a wide range of financial operations, such as maintaining ledgers, tracking payments and receipts, managing inventory, and generating financial reports like balance sheets and profit & loss statements. One of its major strengths is GST compliance, which helps businesses easily compute and file Goods and Services Tax returns. Tally also supports banking reconciliation, enabling businesses to manage transactions with banks efficiently.

In addition to financial accounting, Tally covers other business functions such as payroll management, handling employee salaries, and managing taxation aspects like VAT, income tax, and excise. With features that automate and streamline repetitive tasks, Tally helps users reduce manual errors and ensures accurate accounting.

Its user-friendly interface and robust capabilities make it a go-to tool for businesses to manage finances, monitor stock levels, and stay tax-compliant, ultimately aiding better financial decision-making.

What Will You Learn?

In these Tally topics, you'll learn the fundamentals of using Tally for effective business management, starting with an introduction to its features and capabilities. You'll explore how to create and manage ledgers, handle inventory, and automate GST calculations for tax compliance. Additionally, you'll learn to generate essential financial reports like balance sheets and profit & loss statements, manage payroll, and reconcile bank accounts. The topics also cover entering various vouchers for recording transactions and ensuring proper tax management, including VAT and TDS. Lastly, you'll understand how to handle exceptions and correct errors to maintain accurate financial records.

Course Curriculam

Introduction to Tally ERP 9 and TallyPrime
Overview of Tally’s features, benefits, and versions. Tally ERP 9 and TallyPrime are powerful tools for accounting, inventory, and tax management.

Creating and Managing Ledgers
Learn how to create and manage ledgers, which are records of all business transactions, classified into groups like assets, liabilities, income, and expenses.

Inventory Management in Tally
Covers how Tally helps businesses track stock quantities, monitor inventory levels, categorize items, and generate inventory reports.

GST (Goods and Services Tax) in Tally
Explanation of how Tally handles GST calculations, returns, and compliance, making it easy for businesses to remain tax-compliant.

Generating Financial Reports (Balance Sheet, Profit & Loss Statement)
Discusses how to generate essential financial statements in Tally to evaluate business performance, track profits, and monitor assets and liabilities.

Payroll Management in Tally
Describes the management of employee payrolls, including salary structures, deductions, attendance, and payslips generation.

Bank Reconciliation in Tally
Tally simplifies the reconciliation of bank accounts by comparing the transactions recorded in the software with actual bank statements.

Voucher Entry (Sales, Purchases, Payments, Receipts)
A guide to entering different types of vouchers for sales, purchases, payments, and receipts, ensuring accurate transaction records.

Taxation and Compliance (VAT, TDS, Income Tax)
Focuses on how Tally manages various types of taxes, such as VAT, TDS (Tax Deducted at Source), and income tax, ensuring businesses remain compliant.

Handling Exceptions and Error Corrections in Tally
Explains how Tally identifies and helps resolve exceptions like missing transactions, mismatches, or incorrect data entries, ensuring clean and accurate records.

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  • A

    Anonymous

    2 years ago
    Great clarity in explanations and thoroughly enjoyed the course. I had been working out for quite a while, but a few little things we might miss out from a diet perspective are covered well in detail here. Especially loved how you structured the entire focus area of dieting into most important ones to lesser
  • A

    Anonymous

    6 years ago
    Great clarity in explanations and thoroughly enjoyed the course. I had been working out for quite a while, but a few little things we might miss out from a diet perspective are covered well in detail here. Especially loved how you structured the entire focus area of dieting into most important ones to lesser ones.