From personal accounting to a manufacturing enterprise data management, the advanced Tally bookcan help you learn all the features of Tally and make you an industry expert. Tally is indeed a great business management software solution having a right blend of function, management as well as flexibility. It is used by all small and medium-sized businesses. After the release of Tally.ERP 9, the capability and functionality of this software has been much more widened. The Tally course book has step by step instructions about all the Tally functionalities, giving you a clear understanding of everything.
Core features of Tally
Some of the core features of Tally that you will find in the advanced Tally bookare listed below:
Accounting in Tally: It is the primary function of Tally and it is segmented into 6 different functions including:
o Contra
o Payment
o Receipt
o Journal
o Sales
o Purchases
Billing in Tally: Once you create a billing entry in Tally, there is no need to create an accounting entry for that bill. This reduces the redundancy in entering a big amount of data.
Payroll in Tally: For maintaining the payrolls of employees, Tally has various functions like Employee categories, Employee Groups, Attendance, pay heads, etc. Complex payroll calculations are done automatically in Tally that can save a lot of time.
Inventory in Tally: In Tally, inventories are classified on the basis of groups, units, tariff, different stock items and godowns where they are located. A good inventory management can save the huge amount of costs particularly if you are working in a manufacturing environment.
Banking in Tally: Banking functionalities are well covered in Tally.ERP 9 and all its versions. The functionalities include printing of cheques, deposit slips, maintenance of cheque register, bank reconciliation and payment advice.
Taxation in Tally: Previously, income tax, VAT, Customs, Excise, and Service Tax were taken care of by Tally, but the latest version of Tally has the GST functionality.
Reporting in Tally: To make effective business decisions, different types of reports are required like statutory reports, payroll reports, work in and out reports and exception reports. In Tally, you can print the reports and export them.
Ratio Analysis in Tally: Tally has an option called ratio analysis which can display many important ratios like current ratio, quick ratio, equity ratio and inventory turnover.
To become expert in all the above-mentioned functionalities of Tally, Tally course book will be the best choice for you.
