Tally is an ERP accounting software which is used for recording day to day business transactions of a company. It is one of the best accounting software that can be integrated with any business applications such as Sales, Finance, Purchasing, Payroll, Inventory, etc.
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Before we directly jump to the topics lets understand and recall some of the most basics yet important topic whose understanding will be required at every step in Tally.
Lets Understand Some
Lets not forget about the Tally Shortcuts Keys
So, as we went through all the basic stuff and recalled all the things its time to head on to our course.
1) Download and Install Tally for FREE
First thing which you need to do is Download and install Tally. of course without it how will you learn Tally?
If you haven’t install it you can go through the easy tutorial on how to download the Tally for free.
NOTE: Please check weather its latest version or not.
After Installing its time to move to our next step.
2) Creating a Company in Tally
One of the Most Basic Step that you need to do after installing Tally in your device i.e Creating a company in tally.
Why this is the Most basic Step?
Because one CANNOT do anything in tally unless he/she create a company. So it is compulsory to create a company in Tally.
It hardly takes 5 minutes to create company.
After creating company in tally its time to Create ledgers. Head on to the next chapter to learn more about it.
3) How to create ledgers in Tally?
After you have created a company, it is now time to create ledgers in Tally.
They are just like different accounts that you have in your business or in your own name. For example you have an expense account, a furniture account for Fixed Assets or a Capital Account of your name.
These are basically called ledgers in accounting language and it is very easy to create and is one of the building blocks for your learning in Tally.
It only takes 5 minutes to create 10-15 ledgers. Yes, trust me!
Congratulations on Learning How to Create ledgers in Tally !!!
Time to head on our next Chapter.
4) Basic Accounting Vouchers in Tally
Basic accounting vouchers are Contra, Payment, Receipt and Journal. These vouchers are used to enter basic entries in Tally.
For cash and bank there is contra, for payment and receipt there are payment and receipt as well and for adjustment entries there is journal.
F4, F5, F6 and F7 are the shortcuts in Tally for passing these entries. Read the article for better understanding.
Basic Accounting vouchers in tally is 5 min read article. After this we will jump to our next chapter i.e sales and Purchase vouchers.
5) Sales and Purchase Vouchers in Tally
Trust me, Sales and Purchase Vouchers are very easy to create in Tally.
Sales and Purchase vouchers are nothing but sales and purchase invoices. Read the entire post for crystal clear understanding about purchases and sales in Tally and don’t forget to comment down if you are really enjoying learning these articles.