What is Tally & how to learn it in just 4 months?

Superb Features, Superlative Functionality

Apart from catering to the bookkeeping and invoicing requirements of a business, Tally’s wide-ranging capabilities cover an array of tasks including banking, inventory, budgeting, payroll, and taxation.

Now let’s have a quick look at what users can accomplish using Tally:

• Bookkeeping

With its exhaustive, all-in-one accounting system, Tally streamlines the process of recording transactions and bookkeeping. It also supports Invoicing & Billing by enabling users to quickly create, print, and email professional-looking invoices in just a few seconds.

• Inventory Management

Tally makes it easy and efficient to manage inventory. Users can track stock levels, generate purchase orders, and record sales and purchases. It helps businesses manage their inventory levels accurately and avoid overstocking or understocking.

• Payroll Management

Using Tally, businesses can manage their payroll processes efficiently and comply with their country’s labor laws and regulations.

• Taxation & Compliance

Tally simplifies the complex process of tax management. From GST to TDS, a business can manage all its tax needs easily and effectively. This helps businesses to ensure compliance with tax laws and avoid heavy penalties.

• Bank Reconciliation

Users can reconcile their bank accounts with Tally, ensuring that their financial records match their actual bank statements.

• Budgeting

Tally makes it easy for businesses to set financial goals, track their progress. and make informed decisions about their financial strategy.

Also Read – Auditing in India: Role of Auditors in Corporate Governance

Benefits of Tally for SMEs

SMEs are the backbone of a nation’s economy, which contribute to the country’s GDP and drive growth and progress.

Tally is designed to support SMEs in their growth journey. It comes bundled with several innovative features that help SMEs optimize their financial management while being extremely user-friendly.

• Accounting, Inventory, and Compliance

Accounting, Inventory, and Compliance are the three key areas where SMEs rely on an ERP solution for carrying out a multitude of tasks. With its easy-to-use interface and superb functionality where complex tasks are concurrently managed in the background, Tally helps SMEs seamlessly manage accounting, inventory and compliance of business within a single software solution.

• Decisioning Support

Managing cash flow efficiently is a challenge for SMEs, which are usually hard-up on finances. Tally provides instant access to records and comes up with insightful estimates and analysis, which helps in taking informed and timely decisions that can impact future business growth.

• GST Filing

Being a GST-ready solution, Tally helps SMEs record business data in GST-compliant formats, thus enabling hassle-free and swift GST filing every month.

• Auditing Ability

Tally acts as an audit tool for compliance as it helps out in conducting regular audits of companies.

• Multi-user Environment

Tally supports a multi-user operating environment. SMEs, which often have multiple units based at different geographical locations,  can capitalize on this functionality to enable its users to work remotely and update the information in real-time as soon as any transactions are made.

Also Read – 15 questions asked in every Accounts Interview

Tally’s Dominance in the Accounting Software Space

Users looking for accounting software in the market can take their pick from various brands and products. QuickBooks, Zoho, Xero, and SAP are some of the key players competing and aspiring for a greater market share.

However,  the market dominance of Tally is simply undisputed; 8 out of 10 users relying on Tally for their business and accounting management needs; Tally is clearly the frontrunner in the accounting software space.

Learn Tally from the Leader in Commerce Training

Program Overview

The Accounts Associate Course from IMS Proschool is an industry-focused, job-oriented certification course. Students can learn entry level accounting techniques and can qualify for the Tally Essentials 1 and Tally Essentials 3 certification.

Course Highlights

• Course duration: 3-month weekday program
• External certifications: Tally Essentials 1 and 3
• Placements:  Curated job opportunities in CA firms and MSMEs
• Course fee:  30 k classroom / 24 k online
• Available: Mumbai, Delhi, Pune, Online

Syllabus Snapshot

Teaching Modes

• 3 weekday classes per week in classroom format
• 2 weekend classes in online format.
• Taught by qualified and practicing Financial Planners

Why Register for Tally Training at Proschool?

• Flexible and convenient batches
• Industry experts as tutors
• Comprehensive placement support
• Assistance in resume preparation
• Guidance on attending interviews

FAQs

1. What does Tally do?

Tally simplifies and streamlines accounting tasks such as records keeping, accounts receivables and payables management, and bank reconciliation, among others. It can also be used for financial management in organizations, big and small

2. Is Tally a good skill?

Yes, indeed. Learning Tally will boost your career prospects and make you an industry-ready employee.

3. Can I learn Tally in 3 months?

Certainly you can.

4. Can I get a job after Tally?

Yes, indeed. You can work as a Tally Operator, Tally Care Executive, Tally Accountant, etc. in both local CA firms and MSME organizations.