How to learn tally accounting software

Free Accounting Software for Small Business. Yarab A Updated on: June 14, ERP 9 can help you? Why try accounting software for free No Doubt! Ease of accounting and managing Books. Printing professional-looking invoices in few seconds Better control and clean track of bills receivable and payables. Business information at your fingertip since the reports are auto-generated Books are accurate and always complete Ease of managing tax Compliance Accurate returns in the prescribed format Optimum inventory and stock level Better control on cash flow and much more How TallyPrime can help you?

The first thing you will need to do when creating a ledger is to select which group it will be assigned to. Selecting the right group is important, as it will affect how numbers and sales are totaled later. The list of available groups will be on the right side of the screen. Give the ledger a name.

Enter a name for your ledger. This will allow you to easily know what the ledger contains without having to open it. Enter an opening balance. When creating a ledger, you will need to indicate the balance that the ledger is starting with. If you are creating a ledger for your bank account, this would be the amount currently in it. If you are starting a ledger for the amount owed to a contractor, the amount you owe would be the starting balance.

Part 3. Understand the purpose of vouchers. A voucher is a document that contains the details of a financial transaction. Vouchers are used for all aspects of a business, from sales to deposits. Tally comes with several of the most popular types of vouchers pre-configured.

Open the Vouchers page. From the Gateway menu, select "Accounting Vouchers". Choose the voucher you want to create. On the right menu, you will see a list of available vouchers you can create.

Select the one that meets your needs best. Contra Voucher F4 - Contra vouchers are for when money is deposited or withdrawn for the bank, or transferred between two accounts in the same company. Payment Voucher F5 - This voucher is for payments made by the business. Receipt Voucher F6 - This voucher is for any income made by the company sales, rent, interest, etc. Journal Voucher F7 - Transactions that don't relate to sales, purchases, cash, or other income. Mostly used for adjustments and opening and closing balances.

Purchase Voucher F9 - This is for the purchase of assets by the company. Enter in the required information. The information needed to complete the voucher will vary depending on the type of voucher you want to create. You will typically need to determine which ledger the voucher will be attached to, as well as enter the date and names of any involved parties.

If you are entering products being purchased or sold, Tally will automatically calculate totals based on the quantity you select. An accounting voucher is a document that contains the details of financial transactions.

Not Helpful 66 Helpful A balance sheet contain both assets and liabilities. It shows the current status of the business. Not Helpful 51 Helpful Not Helpful 46 Helpful Subramanyam Gaddam. Known as a TallyAcademy, these training centers teach students how to use the Tally.

ERP 9 software product through classroom instruction. Tally arranges classroom training in the US when requested. Contact Tally directly to request training for your employees. Alex Burke holds a degree in environmental design and a Master of Arts in information management. She's worked as a licensed interior designer, artist, database administrator and nightclub manager. A perpetual student, Burke writes Web content on a variety of topics, including art, interior design, database design, culture, health and business.

Share It. Payment Vouchers Short Code F5. When a third-party pays money on your behalf to someone else, Payment voucher will not be used.

In that case, a journal voucher to be used. Just have a look at the TOP LEFT sidebar as mentioned payment in red color it displays the current voucher type you have selected and you can pass only payment entry here. Now look to right sid bar where you can find other voucher types like Receipts, Contra, Journal, Sales, purchases etc. The top navigation bar shows options like print, export email, upload etc which are useful after passing a voucher.

Your email address will not be published. Skip to content. Home How to learn Tally Tally. How to learn Tally. Mahendra Rana. Here is the simple process of Tally.