Which is the best tally book available in the market on how to learn tally

Tally.ERP9 is a perfect business management solution and GST software

Everyone is aware that Tally ERP 9 is one of the widely used Accounting & Inventory Management Programming.

So to begin with, let’s start with

What is Tally?

Tally is accounting software which is used by the majority. Tally is the most popular accounting software in India. The Latest version of the Tally is Tally.ERP9. Tally.ERP9 is a perfect business management solution and GST software. Tally is utilized for Daily Accounting, Balance sheet finalization, Inventory maintenance, Generating Diverse Reports for Tax filling and etc.

Why learn Tally?

Tally.ERP9 is must in the field of accounting because in India most of the organizations work on Tally for the preparation of accounts. For getting job opportunity in accounts field you have to know of this ERP.

Even if you are currently employed, learning Tally & Obtaining Certificate will improve your chance to get a better job.

Tally will give you a much-needed boost to your career by enhancing your knowledge in Accounting.

Why should you learn Tally?

·  If you want to work as an accountant
·  If you want to work as an accounting consultant
·  If you want to assist chartered accountant

How to learn tally?

Tally is accounting software which helps business enterprises to maintain their accounts on computers.

There are different ways you can learn tally

1. Join a coaching class

    You can Learn Tally in any computer education center near to you, most of them teach tally in their centers.

2. Take an online course

  You can do a tally course from any computer center but before preparing accounts on a computer you must know basic accounting knowledge.

3. Learn it from tally book

  You can Learn Tally from a Tally book which covers all the business scenarios with examples.
Which is the best tally book available in the market?

There are two Tally books

1.  A Complete Self Learning Manual on Tally.ERP 9
2.  Implementing GST in Tally.ERP 9
These Tally books will cover various Practical lessons with answers and the number of Real life cases has been incorporated into the Tally Book for successful learning.

If you are a beginner you should start with tally basics (A Complete Self Learning Manual on Tally.ERP 9 ) Tally Book as it covers all the basic concepts like
1.  Accounting Fundamental

This is the Basic topic in this Tally Book. In this Topic, We will cover What is Accounting, Transaction, Debator, Creator, Asset, Liabilities, Capital, Transaction system etc…

2.  Maintaining Accounts in Tally.ERP 9

In this Topic, We will cover How to start Tally.ERP9? , How to Create a Company?, Creating the group, Deletion of the group etc.

3.  Accounting with Tally using Inventory

It includes a recording of stock details, the purchase of stock, the sale of stock, stock movement between godowns, and stock summary

4.  Accounting Voucher in Tally (As Invoice Format)

Steps for recording the business transaction in the books of an account given below the following journal entries: Local Purchase, Local Sales, Inventory vouchers & Tracking Number, Bill wise details, etc..

5.  Accounting of Bill of Materials

Tally Provides basic facilities for production  & Inventory Management for manufacturing. Third party jobbers & Contactors to specify Bill of Materials, which helps Tally Provides basic facilities for production  & Inventory Management for manufacturing. Third party jobbers & Contactors to specify Bill of Materials, which helps you make a cost estimate for your products. It is a list of a component to manufacture/assemble another product.
6.  Recording Zero Value Entries in Vouchers

When you need to raise an invoice for free samples as a zero-rated tax. Which means that the amount of the entry will be zero.

7.  Budget & Control

In Tally, you can create multiple budgets. There could be a budget for specific purposes. E.g. for Head Office, Marketing, etc.
A budget figure can be compared against actual to get budget Variance. The main purpose of Budgeting is to control the expenses.

8.  Security Control

Tally has the customizable security control. Now you can set up various authority levels and users who are placed at each of these levels.

9.  Tally Audit, Backup & Restore

This is a means available to the Administrator/Auditor to track if any unauthorized change has taken place in the data.

10.  Interest Calculations

Tally enables you to get reports an Interest Calculation by Tally in view of the guideline you outfit interest figures.

11.  Actual & Billed Quantity

In Some trade, the quantity delivered and quantity billed may be different. Some instances of different billed quantity and actual quantity may be cited.

12.  Tally to Excel, JPEG, PDF

Using the export feature of Tally.ERP9, you can export Tally.ERP9 data to. It can be e-mailed as an attachment, used to generate graphs for better presentation and further analysis.

13.  Cheque Printing

To print the company name on the cheque for signature, purposes, mention the name of the company.

14.  Split Company Data

Tally recommends the split from date to be based on the existing data. Tally suggested that the split from date is set as the start of the current financial year, even though the fact that Tally allows any date.

15.  Income & Expense Statement

Income and Expense Statements are suitable for Non-Trading Organizations, which by and large are not occupied with exchanging of merchandise or administrations and along these lines the books of records contains just the sources of Income and Expenditure earned/incurred about amid a given period.

16.  Invoice Printing in Tally.ERP9

Tally.ERP9 has the flexibility of Printing you can Print any Report, Invoice, Reminder Letter and much more.

17.  Multiple Address

The Multiple addresses include in Tally.ERP9 enables you to keep up mailing details for your organization and records.

18.  Bill Settlement

Maintain Bill wise settlement which gives you a chance to save all of your Sales & Purchases vouchers in Tally according to the bills.

19.  E-mail in Tally.ERP9

Tally Allow users to send records, Pay slips, Outstanding Statements, Confirmation of Accounts from Tally ERP9 programming itself.

20.  TDS (Tax Deducted at Source)

Tax deducted at source is one of the methods of gathering income tax from the taxpayers.

21.  Inter-State Purchase

The Purchase of good from a supplier from another state attracts integrated tax.

22.  Getting Started with GST (Services)

The GST (Goods and Service Tax) act will be applicable in the country effective on the appointed date. Before this date, all the registered taxpayers under the Central Excise, Service Tax, State Sales Tax or VAT, Entry Tax, Luxury Tax, and Entertainment Tax need to enroll at the GST common portal. The government has divided the whole process into state wise application. 

If you are aware of the basic knowledge then you can take an advance tally book (Implementing GST in Tally.ERP9) which includes:
1.  Introduction to GST

This is the main topic of this Tally book. In this topic, we cover What is GST? GSTR? IGST?CGST?SGST?

2.  Creating Company and Recording Ledgers

Creating a company includes providing basic information about the company whose books of records are to be kept in Tally.ERP9.
Using Tally.ERP9, you can create purchase and sales ledgers, and use it
To record the corresponding details for the excise tax. All the Practical examples related to creating a company and Recording Ledgers are available for this Tally Book.

3.  Inter-state Supply of Goods

It is a supply of goods or services from a supplier from another state attracts integrated tax.

4.  Intra-state Supply of Goods

Intra-state is a sort of supply of goods or services where the area of the supplier and the place of supply of goods are in the same state or same association domain.

5.  Preparing GSTR-1, GSTR-2, and GSTR-3

GSTR-1: GSTR-1 is the monthly return which includes details of all outward supplies and it has to be filed by a taxable person registered under GST

GSTR-2: GSTR-2 is the monthly return which includes details of all outward supplies and it has to be filed by a taxable person registered under GST.

GSTR-3: GSTR-3 will be required to be filed on self-declaration basis for first two months.

These 3 functions of GST are briefly explained in Tally Book.

6.  Import & Export of Goods

You can account import of goods using a purchase invoice, record tax payment, and then raise liability on the tax payable.
The Export of goods or services is considered as a zero-rated supply.

7.  Advance Receipt Entries

Under GST, Advance Receipt from Register or unregister Party Creator our Tax liability.

8.  Recording GST (Services)

  Every registered person must maintain records of-
-  Production or manufacturer of goods
-  Inward and outward supply of goods or
-  Stock of products
-  Input Tax credit availed
-  Output tax payable and paid
-  Others Particulars as might be recommended

How can I purchase these Tally books?

You can purchase it through this link.

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