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Blog- Account Tally Course and its Importance

What is Account Tally Course and what is its Importance?


Prelude

Taxation

Tally is accounting software which other than keeping track of the company’s finances assists you in noticing the financial growth and make strategic decisions. Traditionally this was done manually whereby an accountant used physical copies to maintain a balance sheet and calculate income and expenditure. Manual accounting along with other related activities proved to be burdensome.

At this point, Tally Solutions Pvt. Ltd was developed in 1986. By developing computerized accounting software Tally it revolutionized the business accounting landscape. It soon became the go-to accounting software gaining massive popularity worldwide. This post deals with details of Account Tally course and where to learn it.

What are some details about Tally-ERP?

The first step to use Tally is to install the software. Secondly, we need to create a company and load it. Thirdly, we need to be acquainted with the various technical terms and their functions. Voucher entry section in Tally.ERP 9 is the place where we can feed the required data to the software. The main menu of Tally.ERP is called the Gateway of Tally.ERP 9. In this software, Transactions contain Accounting vouchers and Inventory vouchers. However the second option will be activated only if while creating you opted for Accounts with Inventory. This inventory option can be activated anytime.

Masters

In Tally, Masters are related to master ledgers without which transactions would not be possible. On creating a new company, there will be only two ledgers system created by default. Master ledgers must be created first to post any voucher.

Transactions

Transactions are linked with posting real Accounting vouchers, Inventory vouchers, Orders vouchers, and Payroll Vouchers.

Utilities

Utilities option in Tally.ERP 9 stands for the import of masters/ vouchers from Excel or XML. The Banking menu offers helpful features like proper storing, printing and managing data related to banking, cheque printing, deposit slip printing, and searching a cheque number.

Reports

The option of ‘Reports’ generate MIS reports from the system - Accounts Book, Trial Balance, Stock Reports, Statutory Reports. The best part is that when a voucher or a sheet is posted, Tally automatically creates a corresponding balance sheet for that.

Display

Display provides more in-depth reports or books of accounts but is similar to the Reports.
There are various types of payment vouchers –
The transaction has to be entered when the money is paid from the bank account of the company or from its cashbox. In case a third party is making the payment, Payment voucher is not used. When we will be paying a company, the cash or bank balance will decrease by that amount and our liabilities will lessen. While using the software in the top left sidebar is displayed the current voucher type one has selected, and one can make here only payment entries. Other types of voucher are found too like Receipts, Contra, Sales, and Purchase.

Tax Return

What is the importance of this course?

There are numerous other advantages of this software and we listed only some in the aforementioned points.

Where should I learn this course?

If you are searching for “Tally ERP course near me” your first choice should be George Telegraph Institute of Accounts (GTIA). This institute offers practice-oriented courses that make you job-ready. GTIA also assures placement of its candidates so you get to build a career in the industry of your passion.

The world of accounting with Tally is teeming with opportunities and has been in high demand for the past few years. After learning accounting Tally course, you can work across several industries in positions such as Accountant, Audit assistant, Bookkeeping, and Faculty. George Telegraph Institute of Accounts (GTIA) is the foremost coaching institution in Kolkata which provides comprehensive account Tally course and make you job-ready.