What is Tally erp9 in accounting

Tally is one of the most popular Accounting Software used in India.

Knowledge of Tally is one of the basic requirement for many Accounts jobs

 

टैली एक सॉफ्टवेर है जो एकाउंटिंग के लिये यूज़ होता है. इंडिया में सबसे ज्यादा टैली यूज़ होता है ( Tally ek software hai jo accounting k liye use hota hai. India mein sabse jyada tally use hota hai.)

Features and Uses of Tally

It is used for

  • Daily Accounting
  • Balance Sheet Finalization
  • Inventory Maintenance
  • Generating different reports for tax filing etc

 

 

How is Tally Different from Manual Accounting?

Manual Accounting

(As done in School/College Books)

Accounting in Tally

(as done Practically)

We first

1. Pass Entries

2. Make Ledgers

3. Make Trial Balance

4.  Make Profit and Loss

5. Make Balance Sheet  

We only

1.  Make Ledger Name

2.  Pass Entries

Automatically Ledgers,  Trial Balance and Balance Sheet updated

More chances of errors

and very time taking

Less chances of error and less time taking

(However, Accounting entry should be correct, otherwise there will be errors)

Balance sheet Asset and liability rarely tallies

Balance sheet automatically tallied with each entry

 

Learn more things related to Tally here

How to download Tally

How to create Company

How to create Ledgers

Tally Ledger Group

Type of Accounting Vouchers in Tally 

Tally Shortcuts

 

You can now download free Tally ERP 9 notes in the PDF format. Click here