Tally software has its importance for Accounting, VAT, TDS, TCS, Pay Roll, Billing, Sales, Profit Analysis and Auditing Banking Inventory, etc. Mostly small and Medium Business uses this e-accounting software. There are many Accounting features of Tally software. ERP (Enterprise Resource Planning) is the latest introduced very important version of Tally.
Tally can be learned in the Institute or Online. Even one can get certified by appearing in online exams. Tally course can also be learned by adopting Government courses. Government courses consist of topics on concepts, tools, and techniques of accounting. Accounting process, recording transactions, generating and printing of reports and invoices are the main contents in the Tally.
Administrative and office support tasks are governed by admin executives. Attending telephone calls, word processes, creating a spreadsheet, receiving and directing visitors, presentations, and filling is the main task to be performed by admin. For managing these types of duties admin must be equipped with extensive software skills, internet research abilities, and very strong communication skills.
Maintaining accounting documents in the database is the main task in addition to preparing a payment voucher. Preparing daily sales reports into excel spreadsheets, processing accounts payable cheques and collecting daily cash receipts are other important duties to be performed by accounting executives.
One who plans, analyzes and prepares reports for companies are designated as an audit executive. By keeping a close eye on the financial status of the company and managing it by monitoring vacancies, identifying trends analyzing results. Finally, the audit executive has to suggest action to manage finance and make them execute.
Management of sales and relationships with other companies or customers is the prior duty of account manager.
Equipped with excellent analytical skills, accounting principles to analyze financial reports is the most suitable person to grab the post. The senior accountant has to resolve account problems. He is supposed to maintain the general ledger and bank statements.
Audit Executive is mainly watching dogs of all financial transactions and maintaining all records pertaining to it. Their main task is to check and analyze spreadsheet data. Examining company accounts, financial control systems is another important task to be performed by audit executives.
Uses Of Tally
There are numerous uses of tally which can be mentioned as
It is the main function of Tally. All functions are to make accounting easy.
A. Contra (Only for cash and bank-related entries)
B. Payment (For payment entries)
C. Receipt (For receipt entries)
D. Journal (For entries which don’t include cash or bank and for closing entries)
E. Sales (For sales billing)
F. Purchases (For purchase billing)
G. Credit Note
H. Debit Note
I. Reverse Journal
J. Memos and many more.
In Tally when you create a billing entry you do not have to create again accounting entry for the
same bill. Thus the work gets reduced. This saves precious time. Thus the software is also
beneficial in reducing manpower employed to enter a big amount of data. Thus extra financial
Payroll is used when you are having a good number of employees. If your business has a good amount of transactions then you may require Tally. With this feature, you can easily maintain a payroll of a number of employees with minimum effort. Attendance, Employee Categories, Employee Groups and Pay Heads can also be managed with the assistance of Tally software. Complicated calculations are very easily performed in Tally with the use of the Payroll feature. Tally also serves the function Units and Production. With the help of this feature, you can have the proper record of the production being done by each unit or worker.
Thus Tally e-accounting is very important software without which one cannot imagine maintaining proper records in this very fast growing word. Tally e-accounting experienced job aspirants are offered very lucrative remunerations.