Tally.ERP 9 is the most recent version of the Tally accounting software. This program combines the features of a financial accounting system with those of an inventory management system into a single package. The software helps businesses manage their day-to-day transactions, sales, debts, and more while decreasing the risk of human mistakes. Tally.ERP 9 can also be linked to a range of other business applications, such as payroll, sales and finance, inventory, and purchasing. In the sections below, we’ll look at the features of Tally and how to utilize Tally.ERP 9, so let’s get started!
Features of Tally:
- Remote access: Tally ERP 9 has a remote access feature that allows you to access data from any location on the planet. This function allows the user to create, authorize, and give remote access to a remote user ID.
- NET (Tally.NET): Tally.NET creates a hospitable environment by default, which works backward to accommodate a variety of Internet-based services. Every Tally IAP 9 has this (Net service) feature activated. Tally.NET has capabilities including remote user creation and management, remote centers, product updates, and upgrades.
- Simplified Installation: Tally ERP 9 includes a new updated installer that allows users to customize various parameters from a single screen based on their requirements.
- Control Room: Tally ERP 9 also has a new Control Center feature. On independent JHGs, this tool connects the Tally software installation and the user. With the help of the command center, we were able to complete our mission.
How To Use Tally?
Simply download, install, activate, and start transacting to get Tally up and running. To adapt the Tally software or combine it with other existing business applications, you’ll need the help of an experienced Tally.ERP 9 service provider.
Here is a step-by-step tutorial on how to use Tally.
Setup:
Step 1: Download the Tally.ERP 9 software from the official Tally website. You can trial the Tally program for 30 days before purchasing a premium package.
Step 2 – After installation, you will be presented with a number of navigation tools to help you access various functions. For everything, there is a keyboard shortcut. In most cases, the key is displayed next to the option.
Step 3 – Whether you’re using a trial version or a paid version with a license, you must first ‘create a firm’ before utilizing Tally. From the menu section, choose ‘Create a corporation.’
Create a new ledger:
Step 1: Go to the Gateway menu, and select ‘Accounts info.’
Step 2 – Click on ‘Ledgers,’ then ‘Create.’ You are free to create as many ledgers as you require.
Step 3 – Once you’ve made a ledger, you’ll need to pick which group it belongs to. That’s why you need to select a group from the ‘List of Groups.’
Step 4 – Give your ledger a name so you can remember what it contains and find it easily.
Step 5: Enter the initial balance. The opening balance in the ledger would be the current balance in your bank account.
Create a Voucher:
Step 1: Go to the Gateway menu, and select “Accounting Vouchers.”
Step 2 – From the right-hand menu, choose a voucher from the available options.
Contra Voucher (F4): A Contra Voucher is utilized when money is deposited or withdrawn from the bank.
Payment Voucher (F5): This is the document that the corporation uses to make payments.
Receipt Voucher (F6): This is used for any type of business income, including interest, sales, and so on.
Step 3 – Finally, based on the type of voucher you created, you will need to fill in the required details. You must also choose which ledger the voucher will be tied to. Include the names of the parties involved as well as the date.
Final Thoughts: This was a brief of Tally software. The “how-to” examples provided here will assist you in starting your accounting career. If you want to learn more about the tally, you can always learn for free on youtube. There are thousands of tally tutorials available on YouTube. Use Career Ninja‘s LearnTube for hand-holding training. LearnTube organizes the results of your YouTube search into a course framework. If you want to learn “tally tutorials”, search the term on LearnTube and it will show you a bunch of youtube videos like an online course. As a beginner, you’ll click through the videos from the first to the last, as if you were taking an online course tailored specifically for you.
