Tuesday, 14 June 2016

Core Features of Tally

I’ve discussed some of the very core features or you can say some of the important functionality of Tally. The features are listed without giving any specific rank to them.
I am sure you will like the detailed listing of some of the amazing features of Tally.
This is like an introductory guide for a first time reader if he or she has not heard of Tally before.

Accounting

Of course, accounting is the main function of Tally and that is what it is known for. The first word that comes in the mind of a person when hearing about Tally is accounting.
Accounting is a basic function of Tally and most people do not ever use any other functions other than accounting in Tally. At the most they will use Inventory management and some of the Taxation features.

Because many people do not exactly know how to use those features.
If we particularly talk about accounting, Tally has segmented it in 6 different functions. They are:
  1. Contra (Only for cash and bank related entries)
  2. Payment (For payment entries)
  3. Receipt (For receipt entries)
  4. Journal (For entries which doesn’t include cash or bank and for closing entries)
  5. Sales (For sales billing)
  6. Purchases (For purchase billing)
There are many more functions related to accounting like Credit Note, Debit Note, Reverse Journal, Memos and so on which aid in performing accounting procedures in an easy manner.
Let’s go to billing!

Billing

Billing is an inevitable part of any business and it’s care is duly taken by Tally. Actually billing is included in Accounting feature discussed above but it has somewhat a separate function rather than accounting.
The best thing in Tally is that when you create a billing entry you do not have to create again accounting entry for that bill. This reduces redundancy in entering a big amount of data.
So if you are having a shop and you do billing from Tally, you or your accountant do not have to again perform accounting for the same bills as it already done by you.

I’ve discussed the above technique in detail in another article.
In Tally, Sales and Purchase vouchers are actually for billing but they can also be used as a simple voucher. Everything in a bill you can imagine is there in Tally for the purpose of billing.

Many more features in tally Software. If to know more about the Core Features of Tally. Pleas visit on - 
https://www.samyakinfotech.com/training/job-oriented/tally-training-courses-in-jaipur/

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