How to create Journal Entries in Tally


Journal entries in Tally are the most widely used accounting entries after payment and receipt entries. Journal entries are used when there is NO involvement of cash or bank account in an accounting entry. Otherwise it would be payment or receipt entry. Generally, journal entries are created for closing books of accounts at the end of […]

How to create Contra Entries in Tally

How to create Contra Entries in Tally

Before explaining “How to Create Contra Entries in Tally”, let me explain you what is actually a contra entry. In double entry accounting system, contra entry refers to an accounting entry which involves transfers between cash accounts and bank accounts or between different bank accounts. What is a Contra Entry In simple words, if the following […]

How to create Tax and Retail Invoices in Tally

How to create tax and retail invoices in Tally

I have published another detailed post about creating GST invoice in Tally.ERP 9. If you want to know about GST invoice in Tally, go through that post. Invoices are a big part of any business. In fact, without invoices, you cannot even run a business. You need invoices to make sales. You need invoices to […]

How to set Voucher Numbers in Tally

In Tally, voucher numbers are automatically set by default. They start from 1, 2 and so on. In almost every business, voucher numbers are not used like 1, 2, 3 and so on. They are used with some words or are of greater digits such as 101 or A-101 or TAX-101 and so on. So […]

How to create entries for Futures Transactions in Tally


Futures transactions in Tally is very much easy to create if you know the accounting entry. I always say that to know Tally, you just have to know basic accounting. So. if you had at anytime a doubt about how to create entries for futures transactions in tally, following post is your doubt buster. To […]

How to Export Data from Tally


In any professional software, exporting of data is a very important aspect and Tally has taken utmost care with regards to exporting of data. Primarily Tally is used by most of the people for accounting purposes. Therefore exporting of different accounts and reports is even more necessary. If you want to file a simple income tax […]

TallySchool Tally DVD Course

Tallyschool Tally DVD Course

Download the list of Topics in the course PayPal, for People living outside India People who bought the DVD DVD is easy in learning and a true value for money for anyone who wants to learn Tally in detail. Joseph Mathew, Meghalaya Vice Principal, Union Christian College   It is just simply awesome and no one […]

How to Create Stock Items and Stock Groups in Tally

Stock Items and Stock Groups in Tally

Stock Items and Stock Groups in Tally are very much important for maintaining stocks in Tally. It is very efficient and effective way to calculate all major aspects of stocks in any kind of business. Tally helps with some of the awesome features about stocks like: Quantity Rate Value Consumption Gross Profit Gross Profit (%) […]

Stock market entries in Tally as an Investment

Earlier I created a video on passing stock market entries in Tally but that was from the point of view of business. If you are trading in stock markets or securities markets, that was the video for you from which you can learn to pass entries in Tally. But this video is for those who […]

Difference Between Tally 9 and Tally.ERP 9

Recently I got an email from one of the readers of TallySchool named Manoj. He asked a bunch of questions and one of the questions hooked me up. I thought on the question for a while. I knew the answer and I replied back with answer. I searched the internet for more details about that […]

An Interview with Karan Batra – Founder of Chartered Club

I was thinking about how big entrepreneurs were once normal people like you and me. What made them different was their way of seeing the world in a different way. What I found in common is these entrepreneurs are keen to help people. Successful people are always curious to help others out in their problems. In […]