Tally
Tally
Tally is popularly known as an accounting software for small and medium businesses. It does all the functions of accounting that a particularly mid sized business has. This is the view of most of the persons who know about Tally.
But Tally does much more than that. Tally is not just an accounting software. After the release of ERP version of Tally, the capability and functioning of Tally is much more widened and extended to a great extent.
For example (I give this example often to various people) did you know that you maintain Employees information in Tally?
Right from his/her name to everything about duties, work, profile, groups and so on. This is could be a great feature if a business has a number of employees working in the business.
This was just one example and there are hundreds (if not thousands) of examples I can give you about Tally like the one above.
What is Tally
Well, Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore it is known more for accounting rather than any other of its features.
If I have to mention a single software for a business need even if the business is just starting out, Tally is the one which I would recommend.
The reason for this recommendation is because Tally does all the things that a business at a time of starting
For example, if you are starting out a general store, what would you require?
- Accounting
- Billing
- Sales and profit analysis
- Taxation (VAT, TDS, TCS)
Accounting
Of course, accounting is the main function of Tally and that is what it is known for. The first word that comes in the mind of a person when hearing about Tally is accounting.
Accounting is a basic function of Tally and most people do not ever use any other functions other than accounting in Tally. At the most they will use Inventory management and some of the Taxation features.
Because many people do not exactly know how to use those features.
If we particularly talk about accounting, Tally has segmented it in 6 different functions. They are:
1. Contra (Only for cash and bank related entries)
2. Payment (For payment entries)
3. Receipt (For receipt entries)
4. Journal (For entries which doesn’t include cash or bank and for closing entries)
5. Sales (For sales billing)
6. Purchases (For purchase billing)
There are many more functions related to accounting like Credit Note, Debit Note, Reverse Journal, Memos and so on which aid in performing accounting procedures in an easy manner.
Billing
Billing is an inevitable part of any business and it’s care is duly taken by Tally. Actually billing is included in Accounting feature discussed above but it has somewhat a separate function rather than accounting.
The best thing in Tally is that when you create a billing entry you do not have to create again accounting entry for that bill. This reduces redundancy in entering a big amount of data.
So if you are having a shop and you do billing from Tally, you or your accountant do not have to again perform accounting for the same bills as it already done by you.
In Tally, Sales and Purchase vouchers are actually for billing but they can also be used as a simple voucher. Everything in a bill you can imagine is there in Tally for the purpose of billing.
Payroll
This feature is of use when you are having a good number of employees. For a 1 or 2 employees it makes no sense to purchase a software like Tally. But if your or your client’s business has a good amount of transactions then you may require Tally.
For maintaining Payroll in Tally, there are functions likeEmployee Categories, Employee Groups, Attendance, Pay Heads and of course Employees.
For a manufacturing entity there are functions such as Units (Work) and Production Types by which information regarding production done by employees in specific units can also be measured.
Complex payroll calculations are automatically done in Tally when we use the Payroll function.
Course Duration: 6 Weeks (60 hours including practicals)
Course Schedule
Various Date and Time schedule are given as below, any one of Batch/Track can be taken.
| Month |
Batch/Track |
Starting Date |
Time |
January
To
December
|
Morning |
15th |
8.00 a.m. to 11.00 a.m. |
| 30th |
Afternoon |
15th |
1.30 p.m. to 4.30 p.m. |
| 30th |
Evening |
15th |
7.00 p.m. to 10.00 p.m. |
| 30th |
Tally: 60 Hours
COVERAGE :
The course covers basics of accountancy which covers the entire accounting cycle of the business environment. It is focused on understanding and learning of basic accounting terms, accounting principles, concepts and conventions, double entry system, modes of accounting and preparation of financial statements. The course also covers an introduction to various types of business organizations, account-ing on computers, Tally fundaments which includes learning of Tally features and its functionality. To bring ease in getting functional with Tally, sample data processing and its report generation will also be taught to the students as part of this course
TABLE OF CONTENTS:
|
Tally Acounting
1. Basics of Accounting
2. Fundamentals of Tally.ERP 9
3. Creating Accounting Masters in Tally.ERP 9
4. Creating Inventory Masters in Tally.ERP 9
5. Voucher Entry in Tally.ERP 9
6. Generating Basic Reports in Tally.ERP 9
7. Multilingual Capabilities
8. Technological Advantages of Tally.ERP 9
9. Advanced Accounting in Tally.ERP 9
10. Advanced Inventory in Tally.ERP 9
11. Job Costing
12. Job Order Processing
13. Tally.NET and Remote Capabilities
14. Application Management and Controls
15. Online Help and Support
|
Tally Taxation
16. Value Added Tax (VAT)
17. Central Sales Tax (CST)
18. Tax Deducted at Source
19. Service Tax
20. Excise for Dealers
21. Excise For Manufactures
Tally HR & Payroll
22. Payroll Accounting and Compliance
|
Career Scope:
Advantages for Businesses
The Jobs & Recruitment feature puts Tally Certified Professionals within reach of every business running Tally.ERP 9. Now businesses enjoy better control: they get access to better recruits from even outside their cities; they get never-before value for the salaries they offer, higher productivity, and a reduced recruitment cycle.
Benefits:
- Wider reach
- Quicker recruitment
- Testing to the business standards
- Ability to compete with larger businesses for candidates
- Direct contact with employers
- Resumes accessible by all Tally customers
- Learning, self-assessment and jobs all in one portal
- Recruitment preparation to ensure success
- Skill-mapping
Advantages for Students
A good career is what every student dreams of! This feature allows students to find new opportunities, practice for pre-recruitment testing, and even find jobs in far off places!