A Complete Guide to the Tally Course Details
Transactions Allowed in a Linear Line Yards is referred to as Tally. It is a standard accounting application used by businesses. The software manages every part of accounting and generates liabilities and assets statements and financial data. It is simply an automated adaptation of conventional manual bookkeeping techniques. Manual accounting was once a time-consuming task fraught with error despite significant effort. Learn here the Tally course details with the scope and career guidance.
Tally makes the computerized accounting process more dependable and straightforward. Accountants and business owners now have a more manageable situation. The software helps with transaction tracking, wage calculation, inventory, sales, payroll data processing, and credit turnover ratio analysis. Let’s explore this in detail.
What is the Course About?
It is typically a one to three-month program in which you will gain a thorough understanding of the software and learn concepts such as inventory management, GST, and TDS calculation, modifying company details, and so on. This course is not offered in either the undergraduate or graduate programs; as part of the BBA, BCom, MCom, and MBA Finance or Banking curriculum, students are briefly introduced to Tally.
The course ought to be taken as soon as a student has completed grade 12 or its equivalent. There are no further requirements because it is not a degree. However, certain certification programs are exclusively open to commerce undergraduates and graduates. To find out if extra requirements are needed, check with the course provider.
Although it is not necessary, it would be beneficial if you have some familiarity with Windows OS and PC Essentials, as well as strong communication skills in English.
Course Duration and Fees
Although it differs from one academic institution to another, courses typically last one to three months. The cost of the course varies, too. Typically, it costs between USD 100 and USD 125 to pursue, though this might change according to the topic of study and the institution.
Important Modules or Topics
Below are some important modules or topics that generally form an essential part of the course curriculum:
- Accounting Principles
- Balance Sheet
- Reconciliation of Banks
- Credit Limit
- Cost Categories and Centers
- Journal, Manufacturing Voucher, and Contra
- Data Synchronization
- Establishment of a Company
- Goods and Services Tax (GST)
- Printing of Cheque
- Fundamentals of Taxation
- Analysis and Transfer of Stocks
- Processing of Sales and Purchase Orders
- Tax Deducted at Source (TDS) and its Calculation
- Understanding VAT and Excise Duty
Core Subject and Course Curriculum
Now that we are equipped with the basic knowledge about the courses, including admission requirements and their average duration, let us take a look at the core subjects and the course curriculum respectively:
It is the most important function of Enterprise Resource Planning (ERP). The very first thing that comes to everyone’s mind when they hear about Tally is accounting.
Invoicing is an important part of any business. When you make an accounting entry, it synchronously creates an invoice that you can use to create or send an invoice. Most people think that invoicing is a part of accounting, but this is not true when it comes to businesses. The Invoice option in Tally eliminates the task of keeping separate accounting records.
This function can be used if you have a large number of employees. To manage payroll in Tally, functions such as employee groups, employee categories, wage headers, and attendance are used.
In the age of digitalization, no company can survive without banking. With the help of Tally ERP, TDS, and GST, both direct and indirect taxes can be calculated automatically, and tax returns can be filed online.
For a company to survive, it shouldn’t work in isolation. The company should cooperate with both the state and the central government and pay appropriate taxes. Calculating taxes based on income, sales, and shipments are quite hectic. Tally makes it easy for you to create invoices as it displays Value Added Tax (VAT), income tax, excise duty, customs duty, service tax, etc.
Keeping an inventory is of utmost importance to any business. It’s crucial because it allows for better control of company sales. Therefore, the movement of inventory is an essential component that can be kept under control.
- Fundamentals of Accounting
- Introduction to Tally
- What it means to create a company and open a Tally accounting account
- How to create a voucher and create a ledger account
- How to update an organization or sector detail
- How to configure a business’s features
- Selecting a cost center and a cost category
- How to Set Up a Godown and Maintain Inventory
- How to create a price list and budget
- Overview of F11 and F12 in a brief
- How to make a profit and loss balance sheet in accounting
- Introduction to Value-Added Tax (VAT)
- VAT computation
- Introduction to Tax Deduction at Source (TDS)
- TDS computation
- Methods for combining excise tax and customs
Course Syllabus and References
The syllabus might vary slightly depending on the college or institute. However, the syllabus’ core objectives and subjects remain identical. It does not include semesters because the course lasts for three months. A general overview of the syllabus (specific to Tally ERP 9, hereinafter ERP9) is given below:
|Syl.#||Syllabus Title||Syllabus Description|
|1||Fundamental of Accounting||Account categories, accounting regulations, accounting ideas, the double-entry bookkeeping method, financial statements, and transactions|
|2||The Basics of ERP 9||How to set up or create a company in ERP 9 and how to functionalize ERP 9|
|3||Mastering Accounting||Understandings about F11: Features, F12: Configurations, and setting up account heads|
|4||Inventory Entry||Concepts about units of measurement, creating inventory masters for national traders, stock groups, stock items, stock categories, etc.|
|5||Voucher Entry||Accounting vouchers, inventory vouchers, and invoicing concepts|
|6||Advanced Accounting||Billing-specific information, cost centers, and categories, multiple currencies, bank reconciliation, budget and controls, scenario management, etc.|
|7||Advanced Inventory||Order processing, reorder levels, bills of materials, stock valuation, inventory aging analysis, cost details, and other related concepts|
|8||Value-added Tax (VAT)||VAT configuration, master creation, transaction entry, VAT reports, return of goods accounting, sales and purchase rate discrepancy, VAT for composite dealers, and related concepts|
|9||Central Sales Tax (CST)||Basics of CST, including how to enable it in Tally ERP 9, pay CST, create CST reports, etc.|
|10||Point of Sale (PoS)||The PoS features, setting up PoS in ERP 9, entering PoS transactions, and producing PoS report|
|11||Job Costing||How to enter and record transactions, how to generate a job costing reports, how to configure costing, how to create masters for job costing, etc.|
|12||Multilingual Skills||How to set up ERP 9 to support multiple languages, create master records, enter transactions in multiple languages, use transliteration, and more.|
|13||Technological Advantages of ERP 9||What is TallyVault, TallyAudit, security control, how to backup and restore data, how to split company data, how to connect to open databases, how to print checks and reports, and other terms related to ERP 9’s technological advantages|
|14||Tally.Net and Remote Functionality||A description of Tally.Net in general, how to set up its features, how to create remote users, how to use remote access, and other features|
|15||Application Controls and Management||Using ERP 9 after installation, activating it, logging in to the control center, managing accounts, etc.|
|16||Online Assistance and Support||Features of the online help center and instructions for using it|
|17||Service Taxes||Service tax fundamentals, setting up ERP 9 for service tax, producing service tax reports, entering transactions, etc.|
|18||Tax Deducted at Source (TDS)||What is TDS, how to set it up in ERP 9, how to create masters, how to handle transactions, and how to produce TDS reports|
|19||Tax Collected at Source (TCS)||ERP 9 configuration for TCS, master creation, transaction entry, and TCS report creation are all part of the fundamental TCS concept.|
|20||Excise for Traders||Understanding the fundamentals of excise for traders, setting up dealer excise in ERP 9, entering transactions, and creating excise report|
|21||Excise for Manufacturers||Basics of excise duty, setting up masters, reports, and processing transactions for excise in ERP 9|
|22||Accounting for Payroll and Compliance||How to process payroll, account for employer provident fund (PF) and employee state insurance, pay professional taxes, create payroll reports, and include payroll in ERP 9|
The topics and subjects covered in the Tally training are extensively covered in books. Students must only refer to texts that reflect the most recent curricula. A book written in simple language with plenty of screenshots and illustrations is ideal for quickly gaining an understanding of concepts. The following books are ideal:
|GST, TCS, TDS||GST, TDS, & TCS||Important GST, TDS, and TCS calculation concepts and rules||Mohd. Salim|
|Taxation||Learn Tally ERP 9 with Self-Study Approach||Accounting, taxation, and ERP 9 implementation concepts||Rakesh Sangwan|
|Business Accounting||Comdex Business Accounting with MS-Excel & Tally ERP 9 Course Kit||The most widely used accounting applications are MS Excel and Tally ERP 9.||Vikas Gupta|
|Financial Accounting||Official Guide to Financial Accounting using Tally ERP 9 with GST||Advanced concepts include bank reconciliation, GST composition, accounting for joint ventures, budget preparation, and so on.||BPB Publication|
|Accounting||Tally ERP 9|
(Power of Simplicity)
|Accounting fundamentals with illustrated examples, video tutorials, and so on.||Shraddha Singh & Navneet Mehra|
|Implementing Tally||Implementing Tally ERP 9.0||Real-world examples and all the procedures for installing and configuring ERP 9||Ashok K. Nadhani|
Tally Course Details: Top 9 Online Course Providers
Tally is one of the short-term courses that working people or recent graduates take the most frequently. The goal of the course is to provide candidates with a foundational understanding of accounting, bookkeeping, taxation, inventory management, invoicing, etc. ERP 9 is the most recent release of the program. These websites provide online certificate programs:
1. NIIT Limited.
NIIT offers a certificate course that teaches you how to use Tally software to manage accounts, record transactions, and perform daily tasks. You will also learn how to create financial reports and analyze data using productivity tools such as MS Word and MS Excel.
Skillshare offers a range of programs for beginners and professionals who want to learn Tally training with GST and advanced Tally. These courses are reasonably priced, and applicants receive a certificate of completion upon completion.
Also Read: Online Tally Course
3. National Institute of Electronics & Information Technology, Kohima:
NIELIT Kohima is a governmental organization that offers short-term and long-term certificate courses in several disciplines. The body offers a 2-month course in Tally for postgraduates, graduates, and professionals.
LearnVen offers a free Tally course that covers Tally features related to Accounting, Billing, Sales, Profit Analysis, Banking, Inventory, Taxation (GST, TDS, TCS), and more.
5. Udemy, Inc.
Udemy is another popular online learning platform. It offers a range of courses like TallyPrime with GST and Training in ERP 9. All these courses are available for less than USD 100 and can be taken from anywhere in the world.
Coursera is an online learning platform that offers online courses in accounting from top universities like the University of Pennsylvania, the University of Virginia, the University of California, etc.
7. Elegant Training Center
Offers a course that ranges from beginner to advanced techniques and is taught by experienced professionals. It is an intensive training, learning concepts at an expert level and in a practical way.
8. National Council of Educational Research & Training (NCERT)
With three months of in-person instruction and exercises that take place in real-time, NCERT offers thorough learning. With the help of document creation and maintenance, master data management, and report generation, it enables students to record business transactions quickly and simply.
Tally Course Details: Colleges Conducting Tally Training
Here are some colleges across India that offer students a certified course.
- Bhopal School of Social Science, Bhopal
- Madras Christian College, Chennai
- Sant Gadge Baba Amravati University, Amravati
- Teresa’s College, Kerala
- The Institute of Computer Accountants, Mumbai
- Women’s Christian College, Chennai
- YMCA Institute of Office Management, New Delhi
Tally Course Details: Job Scope, Opportunities & Career Prospects
Accounting management is one of the most important areas of any organization’s operations and is essential to the smooth operation of the company. The accounting activities involve monitoring the financial transactions of various entities and the company’s profit or loss during any period.
The organization with authorization to provide Tally certificates is Tally Solutions. Due to the popularity of Tally software, there is a high need in the market for certified and educated people that possess advanced Tally abilities. Professionals who take Tally courses gain industry-recognized tally abilities that enable them to advance more quickly in their careers.
Must Check: Tally Courses in Delhi
Job Opportunities and Career Prospects
Account-related careers are an alternative. Here are a few job descriptions and their corresponding job profiles:
|Job Position||Job Description||Salary (Average)|
|Business Analyst||Market research, financial report analysis, operational process analysis, making recommendations to executives and other stakeholders based on analysis, and coming up with ideas for improving corporate operations are all part of the job.||USD 10000 – USD 15000 per annum|
|Accounting||The responsibilities of the position include creating invoices and receipts, managing petty cash, accepting, and processing all expense forms and invoices, and processing payment requests. Additionally, it entails maintaining accounting records and documentation.||USD 2000 – USD 7000 per annum|
|Accounts Manager||Maintaining accounts, identifying the relevant account heads, calculating Capex vs. Revenue, assuring accounting transactions, and dealing with prepaid and outstanding liabilities, among other things.||USD 2000 – USD 6000 per annum|
Your chances of being hired by a multinational corporation or a company of your choice for the position of accountant grow dramatically once you have completed a professional course in software like Tally. Following course completion, you can consider the following top career options:
- Accounts Manager
- Associate in Accounting
- Accounts Supervisor
- Analyst for Financial Tally
- Accounts Manager for Tally
- Banker, Investment
- Coordination of services with Tally
- Financial Assistant
- Financial Officer
- Junior Accountant for Tally
- Payroll Clerk
- Fiscal accountant
- Tally Technician
- Tally Accounts Manager
Top Recruiting Companies
- BDO International
- Ernst & Young
- Grant Thornton International
- Reliance Industries
- RSM Tenon
- Smith & Williamson
Tally Course Details: Annual Salary for Tally Certification
Are you interested in Tally’s pay? The typical salary for persons with a Tally certification range between USD 6000 – USD 12000 per annum. The wide disparity in the groups is caused by the wide range of qualifications available in the market. After earning a Tally Foundation or Intermediate level certification, candidates could earn in the range between USD 2500 – USD 5000 per annum.
However, those who enroll in an advanced level Tally certificate and pass the exam to become certified as Tally experts earn more, starting with a compensation package of about USD 6000 – USD 8500 per annum and increasing with experience and knowledge in this field of study.
Q1: Which Tally course is the most effective?
Tally ERP 9 is secure and difficult to hack by most companies. Therefore, a course that teaches ERP 9 is the best one in the market.
Q2: What are the advantages of the Tally training?
The Tally training is helpful for stock experts and accountants. This course helps in understanding the significance and utilization of job arrangement, preparation, and job costing.
Q3: Do you find it challenging to learn Tally?
No, it is not difficult to learn. It is simple accounting software that helps in accounts management. It is simple to use for students in both commerce and non-commerce subjects.
Q4: What exactly is Tally certification?
Tally certification is one of the most important factors that can boost your accounting career. It improves your knowledge of accounting, inventory management, taxation, etc., enabling you to acquire the necessary skills for the job.
Q5: Which is superior, Tally or Excel?
While Tally and other more recent technologies have replaced Excel as the professional standard in businesses, it has been a long time coming. You may save a tonne of time and work by using ERP 9 to manage massive volumes of data. Tally also eliminates manual mistakes by automating routine activities. Thus, Tally offers a variety of advantages.
Q6: How many kinds of courses are there?
The most popular online courses in the market are:
- Tally ERP 9.
- Advanced Financial Accounting with GST and Tally ERP.
- Tally ERP 9 + MS Excel Basic to Advance Pack.
- Tally – Data Analysis & Verification Tool
Q7: Which are the sectors one can join after completing the course?
In both the public and private sectors, there are abundant opportunities. One can work in Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO), retail, banking and finance, business, manufacturing and distribution, and IT/ITES. One can also work in HR, insurance, sales, and marketing.
The digital world wants to digitally mold you. The way the banking sector and the accounting division used to operate has also evolved. There are now more innovative ways to complete the same old tasks. People who operate in this crucial industry now have much simpler work. Thanks to Tally accounting. Though several strategies and processes must be followed, they have finally made the process of computing and capturing data simple.