Tally Course Eligibility: Curriculum, Fee, Duration, And More

Tally is one of the first sought-after ERP systems by any business or accountant. It is an indispensable tool for accountants because of its user-friendly and powerful features. Tally was founded in 1986 by Goenka. Since 1986 it has grown to become India’s most extensively used software product. The company claims that 7 million customers use its software. It has the largest market share in this product line and many small, medium, and large-scale industries benefited from it. Tally is a versatile software that can be customized to suit the needs of all sizes of customers. So, we will discuss in detail the overview of the Tally course and Tally course Eligibility. We will also discuss how one can benefit from doing the tally course.

What is Tally?

Tally is a popular accounting software that is used by businesses of all sizes to manage their financial transactions. It is a complete business management software that can handle all aspects of accounting, including financial management, inventory management, payroll management, tax compliance, and more.

Tally is known for its user-friendly interface that makes it easy for even non-accountants to use. It has a simple and intuitive design that allows users to quickly access the features they need. Additionally, It has a powerful reporting engine that can generate a variety of reports that provide valuable insights into a business’s financial performance.

One of the key benefits of using Tally is that it can help businesses save time and money by automating many of their accounting processes. For example, Tally can automatically generate invoices, process payments, and track expenses. Additionally, Tally’s inventory management features can help businesses optimize their inventory levels and reduce waste. It is also known for its robust security features that help protect sensitive financial data. It has built-in data encryption, access controls, and audit trails that help ensure that only authorized users can access the system and that all transactions are properly recorded.

Tally is available in both desktop and cloud-based versions, giving users the flexibility to choose the deployment model that best suits their needs. The desktop version of Tally is installed on a local computer and can be accessed offline. The cloud-based version of Tally, on the other hand, is hosted on remote servers and can be accessed from anywhere with an internet connection. 

History and Versions of Tally Software 

Tally software has a long history of development and evolution. Here is a more detailed timeline of the major releases of Tally software over the years:

• 1986: Tally 3.0, the first version of Tally software, was released by Tally Solutions Pvt. Ltd. The software was designed to simplify accounting and bookkeeping tasks for small and medium-sized businesses.
• 1990s: Tally 4.5 and Tally 5.4 were released in the 1990s, with Tally 5.4 introducing support for Windows operating systems.
• The 2000s: In 2006, Tally Solutions released Tally. ERP 9, which integrated various business functions such as accounting, inventory, payroll, and taxation. This version of the software was designed to meet the needs of larger businesses and enterprises. Over the decade, Tally. ERP 9 was updated with new features such as VAT compliance and multi-currency support.
• The 2010s: Tally. ERP 9 continued to evolve in the 2010s, with updates that added new features such as GST compliance, remote access, and cloud-based services. In 2019, Tally Solutions released Tally Prime, a new version of the software with a redesigned user interface and improved performance.
• Present day: Tally. ERP 9 and Tally Prime remain two of the most popular accounting software packages in India and other countries. Tally Solutions continues to release regular updates and improvements to both products.

There are 3 levels of the Tally course which are Basic, Intermediate, and Advanced and each level has different Tally course eligibility. These levels have different modules and require different levels of understanding. These modules are commonly included in courses provided by institutions. However, the individual course may differ depending on the factors such as duration, Fee structure, and levels of the course that are provided by the institute. We will see these levels in detail below.   

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Basic Level Tally Course 

A basic-level Tally course is designed for individuals who are new to Tally software and want to learn how to use it for accounting and financial management. A basic Tally course covers the fundamental concepts of Tally, including creating and maintaining ledgers, entering transactions, and generating financial reports. 

The basic Tally course is typically divided into modules that cover different aspects of Tally software. These modules are designed to provide a step-by-step guide to learning Tally, starting from the basics and progressing to more advanced features.

Some Of The Modules Covered in a Basic Level Tally Course Include:

Introduction to Tally Software:

The first module of a basic Tally course introduces students to Tally software and its features. This module covers the different versions of Tally software, the system requirements for running Tally, and the various modules and components of Tally software.

Company Creation and Management:

The second module of a basic Tally course covers the creation and management of a company in Tally software. Students will learn how to create a new company, set up company parameters, and manage company data.

Chart of Accounts:

The third module of a basic Tally course covers the chart of accounts, which is a list of all the accounts used by a company to record financial transactions. Students will learn how to create, modify, and delete ledger accounts, group them into categories, and maintain a chart of accounts.

Voucher Entry:

The fourth module of a basic Tally course covers voucher entry, which is the process of recording financial transactions in Tally software. Students will learn how to create different types of vouchers, such as payment vouchers, receipt vouchers, and journal vouchers, and how to enter transactions in Tally software.

Financial Statements:

The fifth module of a basic Tally course covers the generation of financial statements using Tally software. Students will learn how to generate balance sheets, profit and loss statements, and other financial reports using Tally software.

Intermediate Level Tally Course

An intermediate-level Tally course is designed for individuals who already have a basic understanding of Tally software and want to learn more advanced features and techniques for financial management and accounting. The course is typically divided into modules that cover different aspects of Tally software. These modules are designed to provide a step-by-step guide to learning intermediate Tally features and techniques. Some of the topics covered in an intermediate Level Tally course include:

Advanced Accounting:

The first module of an intermediate Tally course covers advanced accounting techniques, including voucher entry, journal entry, and ledger creation. Students will learn how to create and maintain ledger accounts, post journal entries, and generate financial statements.

Inventory Management:

In the second module, users can manage inventory across multiple locations, track stock movement in real time, and generate inventory reports. They can also maintain item-wise profitability and analyze stock aging.

GST Compliance:

The third module of an intermediate Tally course covers GST compliance techniques, including GST return filing, GST invoice creation, and GST payment. Students will learn how to configure Tally for GST compliance, create GST masters, and generate GST reports.

Payroll Processing:

The fourth module of an intermediate Tally course covers payroll processing techniques, including employee master creation, salary calculation, and statutory compliance. Students will learn how to create payroll masters for different types of employees, process payroll transactions, and generate payroll reports.

Upon completion of the Intermediate Level Tally course students will be able to create and maintain ledger accounts, Track and manage inventory, calculate salary, understand GST compliances,   

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Advanced Level Tally Course 

An advanced-level Tally course is designed for individuals who already have a basic and intermediate understanding of Tally software and want to learn more advanced features and techniques for financial management and accounting. The advanced Tally course is typically divided into modules that cover different aspects of Tally software. Some of the modules covered in an advanced Tally course include:

Advanced Financial Reporting:

The first module of an advanced Tally course covers advanced financial reporting techniques, including ratio analysis, cash flow statements, and consolidated financial statements. Students will learn how to generate advanced financial reports using Tally software, including balance sheets, profit and loss statements, and other financial statements.

Bank Reconciliation:

The second module of an advanced Tally course covers advanced bank reconciliation techniques, including bank statement import, multiple bank account management, and automatic reconciliation. Students will learn how to import bank statements into Tally software, manage multiple bank accounts, and automate the bank reconciliation process.

Cost Centre and Cost Categories:

The third module of an advanced Tally course covers advanced cost center and cost categories techniques, including allocation of expenses and income to different cost centers, and profitability analysis by cost center. Students will learn how to create cost centers and cost categories in Tally software, allocate expenses and income to different cost centers, and generate reports based on cost center analysis.

Audit and Compliance:

The fourth module of an advanced Tally course covers advanced audit and compliance techniques, including internal audit, external audit, and compliance audit. Students will learn how to use Tally software for internal and external audits and ensure compliance with various regulations and standards.

Advanced Security and Backup:

The fifth module of an advanced Tally course covers advanced security and backup techniques, including user-level security, data encryption, and cloud backup. Students will learn how to create user accounts with different access levels, encrypt company data, and take backups of Tally data to the cloud.

Upon completion of the advanced Tally course, students will have a deep understanding of Tally software and its advanced features. They will be able to manage multiple inventory locations, process payroll transactions, ensure compliance with various regulations, and generate advanced financial reports using Tally software. They will also be proficient in using Tally software for bank reconciliation, cost centre analysis, and audit and compliance purposes. 

Institutional level Tally Course Eligibility 

Different institutes may have different Tally course Eligibility depending on a variety of factors, such as the level of the course, the target audience, and the desired learning outcomes. Here are some of the factors that may contribute to the variation in Tally course Eligibility across institutes:

Course Level:

Institutes may offer Tally courses at different levels, such as basic, intermediate, and advanced. Each level may have different prerequisites and learning objectives, which could affect the criteria for admission.

Target Audience:

The target audience for a Tally course could also influence the criteria for admission. For example, an institute may offer a Tally course specifically for accounting professionals or business owners, which may require prior experience or knowledge in the field.

Curriculum:

The curriculum of a Tally course may also vary across institutes, which could affect the admission criteria. Institutes may have different requirements for prior coursework or knowledge in related subjects, such as accounting or finance.

Learning Outcomes:

Institutes may have different learning outcomes for their Tally courses, which could affect the admission criteria. For example, an institute may offer a Tally course that focuses on advanced features of the software, such as inventory management or payroll processing, which may require prior experience or knowledge in those areas.

Certification:

Institutes may offer Tally courses that lead to different types of certifications, such as Tally Certified Professional or Tally Certified Expert. The admission criteria may vary depending on the level of certification and the requirements for obtaining it.

Industry Requirements:

Institutes may also tailor their Tally courses to meet the specific needs of different industries or sectors. For example, a Tally course for the retail industry may focus on inventory management and point-of-sale systems, while a Tally course for the manufacturing industry may focus on production planning and costing.

In summary, different institutes may have different criteria for their Tally courses depending on a variety of factors, such as the level of the course, the target audience, and the desired learning outcomes. Prospective students should carefully review the admission requirements for different institutes to ensure that they meet the necessary prerequisites and can achieve their desired learning outcomes.

Tally Course Eligibility 

After understanding what Tally and its key features are, we will understand Tally course eligibility. We have seen common modules in basic, intermediate, and advanced tally courses and have also seen the criteria that different institutes keep according to their institute-level requirements. 

To enrol in a Tally course, there are generally no specific eligibility criteria. However, having basic knowledge of accounting and computer applications and a qualification of 10+2 is recommended. Commerce students understand accounting concepts more easily than non-commerce students. 

Tally courses are available at various levels, such as basic, intermediate, and advanced. Some courses may require prior knowledge of Tally or accounting concepts, while others may be suitable for beginners with no prior knowledge.

It’s always a good idea to research the specific requirements of the Tally course you are interested in before enrolling to ensure that you meet Tally course eligibility. Additionally, some institutes or training centres may have their Tally course eligibility, so it’s best to check with them as well.

Institutes with Course Duration and Fees:

Some institutes provide online courses, and some institutes provide classroom courses. Online courses are getting more responses due to the ease of learning at your home. Institutes also provide certifications after completion of the course which helps students in their future careers. 

Frequently Asked Questions- FAQs

Q1. How much does a Tally Course Cost?

The cost of a Tally course depends on the institute offering it. Generally, short-term courses are less expensive as compared to long-term courses. Also, the depth of the subject knowledge varies. More expensive courses have a very detailed and in-depth structure of the course while in the less expensive courses, the concepts are taught on an introductory level. Overall, the cost of a Tally course varies from 3000/- to 20000/- according to the institutes. 

Q2. What are the job prospects after completing the Tally course?

If you have a Tally course eligibility, then completing a Tally course can open up a wide range of job prospects in various industries. Here are some common job roles that you can consider after completing a Tally course:

• Accountant: Tally is widely used for maintaining financial records and preparing financial statements. After completing a Tally course, you can work as an accountant and manage the financial records of a company.
• Financial Analyst: As a financial analyst, you can use Tally to analyze financial data and generate reports. This can help businesses make informed decisions about investments, budgets, and other financial matters.
• Inventory Manager: Tally is also used for managing inventory records and tracking stock movements. After completing a Tally course, you can work as an inventory manager and use Tally to manage inventory-related tasks.
• Payroll Specialist: Tally can be used for managing employee records, calculating salaries, and generating payslips. After completing a Tally course, you can work as a payroll specialist and handle payroll-related tasks for a company.
• Tax Professional: Tally can also be used for managing tax-related tasks such as filing tax returns, generating tax reports, and calculating tax liabilities. After completing a Tally course, you can work as a tax professional and handle tax-related tasks for clients.

Overall, completing a Tally course can provide you with a strong foundation in accounting and financial management, which can be beneficial in various job roles.

Q3. Are Tally courses available online?

Yes. Tally courses are available online and also have additional features like live classes and self-paced learning. This provides leverage to individuals who are currently working or staying at home for studies. 

Conclusion 

Tally is the most widely used software in all sizes of industries and provides the best solution to your business accounting and financial problems. Tally course is the course which teaches you how to maintain accounts and finances of a business and thus calculate profits and losses accurately. There is very less risk of missing any data from your business when you maintain your business data on Tally software. But before learning about the Tally software it is recommended to learn a few basics of accounting and financial concepts so that it will become easy for you to manage business accounts on Tally software. 

Institutes are providing Tally courses and have a different structure of these courses according to their target audience. The Tally courses are available in 3 levels basic, intermediate, and advanced, and also with different duration and fee structures. You can choose the best course suitable for you according to your conditions.