An Comprehensive Guide to Tally Accounting and Courses

In this new digital world, everything around us is rapidly changing. In a way, our own lives are digitalized. The way things used to happen a few years back, is not applicable in today’s times. Tally accounting is one such field that has embraced digital change. The way accounting and everything related to this field used to happen has undergone massive digitization. In this article, we are going to know what we mean by tally and about the various courses available to get a piece of detailed knowledge about it. Let’s begin…

 

Tally accounting

 

Accounting

 

In a common man’s dialect, accounting means the process of recording data related to various transactions. Accounting forms the backbone of any industry. The accounting department is the core of any company in general. No matter which sector the company or business belongs to, accounting forms the basis on which the entire business stands.

 

If you are someone who wants to join the department related to accounting, your main focus would be on keeping a proper record of all the transactions that take place in the company you are working under. These transactions include revenues, losses, payments, expenditures, etc.

 

Tally Accounting

 

In a basic sense, the word ‘tally’ means score or total. So tally means the total of something. It could be the score of a match, a quiz, a performance, or a business’s costs. When we say tally accounting, it means that we are referring to the systematic arrangement of all the money in a company. 

 

This money includes the payments made, profits, taxes, losses, purchases, expenditures, etc. Tally accounting refers to software that is used by everyone who is in the field of accounting. It is a standard accounting software provided by Tally solutions. It is mainly used to record the daily business transactions that take place in a company.

 

Types of Tally

 

There are mainly 3 types of  Tally. The different types are nothing but different versions of the Tally. Each version is meant for a particular group and serves its purpose. The 3 types are:

 

Tally.ERP 9: It is the most advanced and latest version of the tally. Being the most advanced, its main purpose is to make the act of recording business dealings  It is used in almost all large as well as small firms. The software is used to maintain a record of payroll management, all the purchases made, inventory, sales, etc. 

 

It uses a simpler process. It is mostly used by small and medium enterprises. It has two versions- silver and gold. The silver version is meant for a single user while the gold version is meant for multiple users.

 

Tally.Server 9: It is another version of the tally which uses server-based management of data. Mostly the large and medium business enterprises use this version. It has a unique monitoring feature that allows business firms to have administrative control. It is usually costly because it serves a specific purpose.

 

Shopper 9: It is used for retail purposes. It is highly efficient in addressing matters related to retail such as discounts, prices, billing, etc.

 

Accounting is a highly demanding job. We use the term tally accounting because without a tally one cannot proceed with accounting. To have a piece of in-depth knowledge about the tally and how it functions, there are several Tally courses available. 

 

Tally and Holistic Accounting Related Course

 

1. IIM Skills

 

As one of the leading online learning platforms, it provides the latest and updated skill-based education required in today’s world. They have a variety of courses. Among them, they have the BAT Course which takes time to engage students in the intricacies of the tally. Other than that, they do have a GST Certification course that covers the depths of GST and taxation. 

 

Course: Master Business Accounting and Taxation Course

 

Duration: 3 months

 

Modules:

 

  • Basics of Accounting and accounting in Tally
  • Basics of GST and GST in tally
  • Basics of TDS and TDS in Tally
  • Payroll and Payroll with Tally
  • Income Tax with Tally
  • Advanced Excel and MIS Reporting

 

Mode: Online

 

Fees: INR 49,900 + 18% GST

 

Perks of doing this course:

 

– Being a detailed course, it will give you the idea of other concepts like payroll, TDS, GST, etc along with the tally

– The time duration of 3 months will help you to gain knowledge in a moderate-paced manner.

– You will receive certificates once the course is completed

– Practical assignments will be provided to students to allow them to apply their knowledge in real situations

 

IIM Skills BAT Course free demo invite

 

Contact: +91 9911839503

Email: [email protected]

 

2. Tally Education

 

This institution was developed keeping in mind the demand for the tally software. Their main motto is to provide adequate training and the required certifications to their students so that they all become employable. They have a variety of tally courses that they offer. 

 

While some of their courses are available only in classroom mode, several others are available in online mode. They have distributed the courses in classroom and online mode so that maximum students can avail the benefit of the tally course based on their suitability. 

 

Course 1: TallyPrime Basics

 

Duration: 5 hours

 

Modules:

 

  • TallyPrime Start-up
  • TallyPrime Basics
  • Recording day to day transactions
  • Bills-wise Accounts, Bills receivable, and Payable Management
  • TallyPrime with Banking

 

Mode: Online

 

Fees: 1500 INR

 

Perks of doing this course:

 

– You are going to receive industry-recognized Tally certificates

– Every student would receive 6 months of free access to the study materials after finishing the course

– You would receive life-long access to the tally job portal

– The course is in line with the practical work requirements

– You would receive access to multiple solved illustrations for your benefit

 

Course 2: TallyProfessional

 

Duration: 100 hours

 

Modules:

 

Volume I- Recording and Reporting

 

  • Multi-currency
  • Interest calculations
  • Manufacturing process-job work
  • Job costing
  • Advanced banking transactions
  • Connectivity features in TallyPrime using Tally.NET

 

Volume II- Accounts Executive (Statutory Compliance), Accounts Executive (Payroll)

 

  • Recording Advanced GST Transactions
  • Recording Advanced TDS Transactions
  • The tax collected at source
  • Payroll and Income tax

 

Mode: Classroom and Online

 

Perks of doing this course:

 

– They have a hybrid model of education where students are free to choose their preferred mode

– The institute offers digital access to various online tutorials, graphs, etc

– Their course is designed to give a piece of better practical knowledge to the students

– The students receive a digital certificate from Tally

 

3. NIIT

 

The institute offers tally courses to their students. It has a very practical approach thereby helping students to have a better knowledge about how to apply the theories in real work situations. Their main focus is to make technical software systems used by each student.

 

Course: Accounting with Tally.ERP 9

 

Duration: 36 hours

 

Modules:

 

  • Creation and management of popular documents by using Microsoft Office Word
  • Presenting and Managing data using Microsoft Office Excel
  • Accounting with Tally.ERP 9

 

Mode: Classroom

 

Perks of doing this course

 

– Being a classroom session, students would be able to interact and communicate with their trainers in a better way

– Students will get to modify worksheets, perform calculations and print the contents of a workbook

– You will learn how to record business transactions and manage the information of a particular account

– Office tools like Microsoft Word and Microsoft Excel would be taught

 

Contact: +1800 3000 6448

Email: [email protected]

 

4. Udemy

 

Udemy is one of the leading institutions today, providing online courses and certifications. The courses are well structured and organized. Each course is designed in a way that enhances the knowledge of its students. They have a variety of courses from different fields.

 

Course: Tally Erp 9 + Tally Prime + GST 2022- Certificate course

 

Duration: 16 hours

 

Modules:

 

  • Accounting of a company with GST independently in Tally Erp 9 and prime
  • Manual accounting to advanced GST reports
  • GST computation and reports
  • Accounting of manufacturing firm
  • Banking 
  • Printing
  • Cheque printing
  • GTA- Goods Transport Agency
  • RCM- Reverse Charge Mechanism
  • Import and Export entries under GST
  • E-way Bill
  • Backup and restore
  • MIS Reporting
  • Sales to SEZ entries in Tally

 

Mode: Online

 

Fees: INR 3499

 

Perks of doing this course:

 

– You will get lifetime access to all the materials

– Certificate of completion would be provided to all the students

– Each one of you would receive Branding graphic solution training as a bonus

– They have no special eligibility criteria for their students

 

Check out the most in-demand BAT Courses in various cities:

Business Accounting and Taxation Courses in Delhi

Business Accounting and Taxation Courses in Bangalore

Business Accounting and Taxation Courses in Chennai

Business Accounting and Taxation Courses in Mumbai

 

5. EduPristine

 

A well-known institute that provides specialized training to their students. Their key motto is to empower students by giving them the knowledge that they can apply in their workplace. The focus is on practical application-based knowledge rather than purely theoretical knowledge. Their BAT course deals extensively with the Tally.

 

Course: Postgraduate Diploma in Accounting and Taxation

 

Duration: Minimum 5 months

 

Modules:

 

  • Basics of Accounting and accounting in Tally
  • Basics of GST and GST in Tally
  • Income tax in Tally
  • Excel for accounting and MIS
  • Finalisation of financial statements
  • BUSY Practicals
  • SAP
  • Soft-skills

 

Mode: Online + classroom

 

Perks of doing this course:

 

– They take only 20-25 students per batch which makes the interaction and doubt clearing sessions more efficient

– The institute conducts lab-based practical training which helps you to use your skills in real scenarios

– Project-based practical training and case studies are a part of the curriculum

– Along with the course they conduct soft-skills training which prepares you for interviews

 

IIM Skills BAT Course free demo invite

 

6. Keerti Institute

 

Practical job-oriented courses are their strong points. They believe in imparting quality education that students can apply at their workplaces. The course of BAT offered by them deals with the tally and how it can be used with other technical practices.

 

Course: Course in Business Accounting and Taxation

 

Duration: 6 months

 

Modules:

 

  • Office Tools ( MS-Word; MS-Excel; MS-PowerPoint; MS-Outlook)
  • Advanced Excel 
  • Insurance
  • Direct tax- Income Tax
  • TDS
  • Indirect Tax- GST
  • Tally Prime Basics
  • Tally Prime with Advance Accounting
  • Tally Prime with Advanced Inventory 
  • Tally Prime and Payroll 
  • Tally Prime with Banking
  • Tally Prime with GST
  • Tally Prime with TAX COLLECTED AT SOURCE
  • Tally Prime with JOB COSTING
  • Tally Prime with JOB COSTING
  • Tally Prime with JOB WORKS
  • Tally Prime with MIS REPORTS
  • Tally Prime with TDS
  • Banking
  • Financial Services
  • Business Accounting
  • Investment
  • Costing and Auditing
  • Soft Skills

 

Mode: Online

 

Perks of doing this course:

 

– You get to know and receive in-depth knowledge about the various tools that are used in accounting

– Certificates are received once you complete the course

– Practical knowledge of the Tally is given to each student and they are also taught how to use tally with other tools like MIS, TDS, etc.

– Soft-skills like preparing students for interview questions, communication skills, preparing resumes, etc are also taught

– Placement assistance is provided

 

The manual way of recording data has been replaced by the Tally. Tally accounting is used as a single term because both are interdependent in today’s world. Anyone who is willing to enter the banking sector or the department of accounting or taxation will need to have a certain degree of knowledge of the Tally.

 

Work domains where Tally Accounting is needed

 

    1. Tally Operator
    2. Accountant
    3. Data entry operator
    4. Bookkeeper
    5. Inventory Manager
    6. Tally freelancers
    7. Information and Technology accountant
    8. Billing Executive

 

Importance of Tally Accounting

 

– Tally helps to record financial and monetary data in a structured way

– Monetary and financial calculations can be conducted in a much easier manner by using the Tally

– Human errors and mistakes can be controlled to a great extent due to the use of tally

– The ease with which calculations are conducted has made the banking procedures a lot easier 

– Latest Tally features allow you to multitask where you can do two tasks parallelly based on their degree of importance and urgency

– Speed at which the Tally operates is very fast and thereby highly efficient

– It has a strong security mechanism that works behind it and helps to retain records in a foolproof manner

– Overall speed of the accounting and banking departments has increased by a considerable rate due to the Tally because human effort and manual work have been replaced by digital computer-based software

 

Frequently Asked Questions 

 

Q1. Why are the fees of a BAT course higher than that of a Tally course?

 

A. There is a huge difference in the fees of both the courses. A Tally course specifically deals with only tally and how the software it can be used on other systems like MIS, taxes, payroll, etc.

 

A BAT course is a very detailed professional course that deals with several topics along with the tally. The time duration of a BAT course is also much longer than that of a Tally course. A BAT course is an extremely professional course.

 

Q2. What is the average time duration of a Tally course?

 

A. A Tally course is not a very extensive course. Being a very practical skills-based course, a certificate course in tally would take around 2 months. A diploma or degree in Tally would take a long time like 1-2 years in general.

 

Q3. Is it worth doing a Tally course?

 

A. Doing any course other than the conventional degree courses is always a matter of personal choice. But even then, a tally course is worth doing because it is a professional job-oriented course. This kind, of course, would always give you an edge over your peers. 

 

A lot of technical details and methods are introduced to you which knowing otherwise can be possible only through experience. Also, the certificates you receive will be a great addition to your resume.

 

Q4. What are the eligibility criteria to do a Tally course?

 

A. There are no fixed eligibility criteria for this course. Mostly students from the commerce stream who wish to enter the banking sector or the department of accounting, go for this course.

 

But even someone from a non-commerce background can take up this course. One criterion required by all is to have a piece of basic knowledge in computers since the Tally is software used in computers.

 

Q5. Is Tally accounting demanded in today’s market?

 

A. Yes. Not only now but forever will it be in demand. Accounting forms the basis on which the entire business structure stands. Without accounting any sector would crash down. Tally accounting forms the core of every business whether small, medium, or large.

 

While the versions of the Tally might change over the years and get replaced by advanced and updated versions, the general-purpose would remain the same. Its importance and demand would never decrease and would always be in demand in every market.

 

Conclusion

 

The digital world wants you to be digitally molded. The way the banking industry or the department of accounting used to work has also changed. Newer ways of doing the same old work have come about.

 

Tally accounting is something that has made the work of individuals working in this critical field a lot easier. Though a lot of techniques and procedures need to be followed, it has eventually made the process of calculating and recording data easy.

 

Humans are bound to make mistakes, hence this digitally aware software was produced by humans to make human life better. Complicated calculations are done and recorded in a foolproof manner due to this digital evolution.

 

I hope you found this article helpful. Best of luck…

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