Tally tutorial or Tally books are very useful for those who want to learn tally software themselves, Tally study material can become an ultimate Tally guide for those seeking specialisation in Tally accounting software for example user (under the guidance of Tally tutor) can learn various aspects of Tally accounting software like:-
Tally accounting software has data connectivity
Tally data can be plugged in any OBDC compliant application to generate any report user may export or import data in xml format for data interchange even with external non tally systems. This would help to maintain tally as central accounting hub with other system surrounding it as contributors.
Tally ERP accounting software need no closing of accounts
No need to create year end closing vouchers or entries. Tally intelligently prepares final accounts from regular voucher data. So no side effect of modification of any voucher. Everything accurately.
Tally ERP accounting software allows user to work in multi currency environment
Multiple currencies may be transacted even in one voucher. Automated conversion to base currency as per prevailing exchange rate. Auto computers foreign exchange gains/ loss and creates vouchers through voucher class for auto adjustments of foreign exchange gain loss.
Tally ERP accounting software allows user to enter single mode voucher entry.
Naive accountants who are wary of debits and credits may user no nonsense single mode voucher entry screen, no need to know debits and credits just enter the figures and let tally do the rest this is very easy for beginners, tally tutorial provides extensive detail on the chapter.
Income and expenditure statement and receivable/ payables in Tally ERP accounting software
Voluntary or non profit organisation can prepare income and expenditure statement instead of profit and loss account for the organisation. Tally also provides flexible way of adjusting bills debit and credit notes, advances lump sum payments etc. User get various report to track receivables and payables. Ageing analysis as per user specified ageing period. You may also print reminders for due/ overdue bills, user may set credit period credit limit for each party and get online warning for over limits during voucher entry
Cheque printing in Tally ERP accounting software
User may design the cheque format as per bank cheque stationery for each bank account to print cheques on line during voucher entry mode
Cost Centre and Cost Categories reports in Tally ERP accounting software
Like account groups you may create multi level cost centre fro various levels of cost analysis reports for more elaborate and multi dimensional
Interest calculation can be done in this accounting software
Tally provides very flexible and wide range of interest computation methods & options. You may also computer interest based on traditional 30 days month, 365 days year as well as calendar month. Variable rates of interest according to vouchers, interest from user defined effective dates, penal interest days at various time slabs can be calculated. Interest voucher class for auto computation & creation of interest debit notes. Various methods of rounding off of computed interest can be done.
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