Tally Prime

Tally is user-friendly Accounting Software developed by Tally Software Solutions India Private Limited registered at Bangalore, India. The founder of Tally is (Late) S.S. Goenka. It is a user friendly accounting package for computerized accounting.

The first-ever version of Tally was Peutronics Financial Accountant, an MS-DOS application that served only the essential functions of Accounting. In contrast, the latest version is Tally Prime, which has many features to offer a growing business.

Tally Prime is a new era tool to handle Accounts Management, Inventory Management, Manufacturing Process, Payroll and Statutory Compliance, Budgets and Scenarios, Point of Sale, MIS Reports, Audits, etc.

Course Content:

• Features of Tally
• - Easy Installation, Quick Entry and Easy Alteration.
• - Prime can maintain accounts of many companies.
• - Best Security, Backup & Restore Support.
• - Export data to HTML, Excel, JPEG, PDF, XML formats.
• - Supports to import data from other versions.
• - Can maintain accounts for multiple years in single company.
• - Supports Single & Double Entry System.
• - Generation of Invoice.
• - Bank Reconciliation.
• - Has Email Support.
• - Multi Currency & Multiple Units Support.
• - Multiple formats of Billing.
• - Supports to print on printed and plain paper.
• - Cheque printing also possible.
• - Interest Calculation.
• - Cash and Funds flow.
• - Supports Sales & Purchase Orders, Rejection In & Out.
• - Godown Management.
• - Shows Current balance of every ledger.
• - Personalising report format.
• - Has Remote Access and Multi User Support.
• - VAT, TDS, TCS, FBT, Excise, Service Tax and GST.
• - Supports reminders, interest pending, bank reconciliation.
• - Optional, Post Dated and Memo Vouchers are available.
• - Generate GST compliant e-invoices with QR code easily.
• - Can access business data anytime, anywhere using internet.
• Classification of Accounts
• - Personal Account
• - Real Account
• - Nominal Account
• TRANSACTIONS
• - Cash Transactions
• - Credit Transactions
• - Barter Transactions
• GOLDEN RULES OF TALLY
• PERSONAL ACCOUNTS
• (Accounts related to any person or firm)
• Rule: Debit the receiver and Credit the giver.
•   Ex: Suppliers, Customers, Lenders.
• REAL ACCOUNTS
• (Accounts related to all assets of a firm)
• Rule: Debit what comes in and Credit what goes out.
•   Ex: Land, Building, Goodwill, Purchases, Cash.
• NOMINAL ACCOUNTS
• (Accounts related to Expenses & Incomes, Losses & Gains)
• Rule: Debit Expenses & Losses, Credit Incomes & Gains.
•   Ex: Salary Account, Dividend Account, Sales.
• Accounting Groups in Tally Prime
• - Bank Accounts
• - Bank OD Accounts [Bank OCC Accounts]
• - Branches / Divisions
• - Capital Account
• - Cash-in-Hand
• - Current Assets
• - Current Liabilities
• - Deposits (Asset)
• - Direct Expenses (Expenses Direct)
• - Direct Income (Income Direct)
• - Duties & Taxes
• - Fixed Assets
• - Indirect Expenses
• - Indirect Incomes
• - Investments
• - Loans & Advances (Asset)
• - Loans (Liability)
• - Misc. Expenses (ASSET)
• - Provisions
• - Purchase Accounts
• - Reserves and Surplus (Retained Earnings)
• - Sales Accounts
• - Secured Loans
• - Stock-in-Hand
• - Sundry Creditors
• - Sundry Debtors
• - Suspense Account
• - Unsecured Loans
• Shortcut Keys
• Payment    →    F5
• Receipt    →    F6
• Contra    →    F4
• Journal    →    F7
• Sales    →    F8
• Purchase    →    F9
• Credit Note    →    Alt + F6
• Debit Note    →    Alt + F5
• Purchase Order    →    Ctrl + F9
• Sales Order    →    Ctrl + F8
• Receipt Note    →    Alt + F9
• Delivery Note    →    Alt + F8
• Rejections In    →    Ctrl + F6
• Rejections Out    →    Ctrl + F5
• Physical Stock    →    Ctrl + F7
• Stock Journal    →    Alt + F7
• Payroll    →    Ctrl + F4