Tally

What is Tally?

Tally is a popular accounting software that is used by businesses to manage their financial transactions, inventory, and payroll. It was developed by Tally Solutions Pvt Ltd, an Indian software company, and was first released in 1986.

Tally is known for its user-friendly interface and extensive features, including invoicing, financial statements, bank reconciliation, and tax compliance. It is widely used by small and medium-sized businesses, accountants, and financial professionals for their accounting and financial reporting needs.

Tally has different versions available, including Tally.ERP 9, Tally.Server 9, and TallyPrime, each with different features and capabilities to suit the needs of different types of businesses. It can be used offline on a computer or online through a cloud-based service, making it a versatile accounting software for businesses.

History of the Tally

Tally was first developed by Tally Solutions Pvt Ltd, an Indian software company, in 1986. The company was founded by Shyam Sunder Goenka, who had previously worked as an engineer at Wipro.

In the early days, Tally was a simple accounting software that was used by small businesses in India to manage their finances. Over time, the software evolved to include new features, such as inventory management, payroll processing, and tax compliance.

In the late 1990s, Tally launched its flagship product, Tally.ERP 9, which became popular among businesses in India and other countries. The software was known for its ease of use and comprehensive features, which made it a valuable tool for businesses of all sizes.

In 2019, Tally Solutions launched TallyPrime, the latest version of its software, which is designed to be more user-friendly and intuitive. The new version includes several new features, such as an improved user interface, simplified navigation, and faster data entry.

Today, Tally is used by millions of businesses in over 100 countries. It has become one of the most popular accounting software packages in the world, known for its reliability, flexibility, and comprehensive features.

What makes Tally so popular?

There are several reasons why Tally is so popular among businesses:

User-friendly interface: Tally has a user-friendly interface that is easy to navigate, making it accessible to users who may not be familiar with accounting software.

Comprehensive features: Tally offers a range of features, including invoicing, financial statements, inventory management, payroll processing, and tax compliance. This makes it a one-stop-shop for all accounting needs.

Customizable: Tally is highly customizable, which means that businesses can tailor the software to their specific needs. This makes it a flexible solution for businesses of all sizes and industries.

Data security: Tally has a robust security system that ensures that data is protected from unauthorized access. This is especially important for businesses that handle sensitive financial information.

Good support: Tally Solutions provides good customer support, including online resources, training, and technical support. This ensures that businesses can get the help they need if they run into issues.

Cost-effective: Tally is cost-effective, which makes it an attractive option for small and medium-sized businesses that may not have the budget for more expensive accounting software.

Overall, Tally's combination of user-friendly interface, comprehensive features, customizability, data security, good support, and affordability has made it a popular choice for businesses of all sizes and industries.

Benefits of learning Tally?

Learning Tally can provide several benefits, especially for individuals who work in accounting or finance. Here are some of the key benefits of learning Tally:

Increased job opportunities: Tally is widely used by businesses in India and other countries, which means that individuals who are proficient in Tally have more job opportunities in the accounting and finance fields.

Improved accuracy: Tally can help improve accuracy in financial transactions and accounting by automating many manual processes, reducing the risk of errors.

Time-saving: Tally can help save time by automating many manual processes, such as data entry and calculations, allowing individuals to focus on other important tasks.

Enhanced financial reporting: Tally can help generate detailed financial reports, including balance sheets, profit and loss statements, and cash flow statements, which can provide valuable insights into a business's financial health.

Better tax compliance: Tally can help businesses ensure compliance with tax laws and regulations, including GST in India.

Increased productivity: Tally's features can help increase productivity in the workplace, which can lead to better outcomes and improved job performance.

Overall, learning Tally can be beneficial for individuals who work in accounting or finance, as it can help increase job opportunities, improve accuracy and efficiency, enhance financial reporting, and ensure compliance with tax laws and regulations.

How to learn Tally?

There are several ways to learn Tally, depending on your learning style and preferences. Here are some options:

Online Tutorials: There are many online tutorials available that provide step-by-step guidance on how to use Tally. Some popular websites that offer Tally tutorials include TallySchool, Tally ERP9 Tutorial, and Tally Help.

Tally Training Institutes: There are several institutes that offer Tally training programs, both online and in-person. These programs can range from short-term courses to full-fledged diploma programs.

Tally Books: There are many books available that cover Tally in detail, providing comprehensive guidance on how to use the software. Some popular Tally books include "Tally.ERP 9 in Simple Steps" by Kogent Learning Solutions Inc. and "Tally.ERP 9 - GST in Tally" by Ajay Maheshwari.

Practice: The best way to learn Tally is by using it regularly. You can download a trial version of Tally from the Tally Solutions website and practice using the software on your own. You can also take up small projects to apply your Tally knowledge in a practical way.

Online Communities: There are several online communities and forums where Tally users can ask questions, share their experiences and learn from each other. Some popular online communities for Tally include Tally Solution's official forum and Tally Experts.

Ultimately, the best way to learn Tally is by combining several of these methods to find the approach that works best for you. Whether you choose to learn online, attend a training program, read books, practice on your own, or participate in online communities, the key is to be persistent and consistent in your efforts.

How we are better to teach Tally?

Start with the basics: When teaching Tally, start with the basics and gradually build up to more complex topics. This can help ensure that learners have a strong foundation to build on.

Use real-life examples: Use real-life examples to help learners understand how Tally can be used in practical situations. This can help learners see the relevance and value of what they are learning.

Provide hands-on practice: Allow learners to practice using Tally hands-on. This can help reinforce the concepts they are learning and provide them with the opportunity to apply their knowledge in a practical setting.

Create a structured curriculum: Develop a structured curriculum that covers all the essential topics in a logical sequence. This can help learners progress systematically and build upon their knowledge over time.

Provide feedback: Provide feedback to learners on their performance and progress. This can help them identify areas where they need to improve and reinforce areas where they are doing well.

Use multimedia: Use multimedia tools such as videos, animations, and interactive quizzes to help learners engage with the material and stay motivated.

Keep it engaging: Make the learning experience engaging and enjoyable by incorporating gamification, group activities, and other interactive elements. This can help keep learners interested and motivated to learn.

Overall, effective Tally teaching involves a combination of clear instruction, hands-on practice, and engaging multimedia tools. By taking a structured and student-centered approach, instructors can help learners master Tally and apply their knowledge to real-world accounting and financial situations.