Amazing Different Use of Tally: Saves Time & Money

I am so much into Tally that I started this blog, created a Free Tally Course Online, produced till date more than 100 video tutorials and on a Tuesday afternoon I’m still thinking about using Tally in a different way. 🙂 A different way in which both the client (if you are having accountancy clients) and the person providing […]

Take care of Security in Tally this way

You just can’t ignore security in Tally. Tally is such a vast accounting software that you can do almost anything with it as far as it is related to accounting and business. Every single detail of business, right from the name of the business to the Balance Sheet. Just imagine everything a business can do and […]

Capital Gains in Tally

Capital gains computation in Tally is one of the most debated issue on the web, especially when it comes to capital gains arising from trading of stocks and other similar financial instruments. There are several add-ins which you can buy with the help of which you can easily compute capital gains in Tally. But the […]

How to do Bank Reconciliation in Tally – Part 2

First of all I would like to recommend Bank Reconciliation in Tally – Part 1, if you have not read it yet! If you are a frequent visitor of TallySchool you must have noticed that every post on this blog contains a video tutorial. I like to explain by demonstrating along with writing because people tend to understand more […]

How to do Bank Reconciliation in Tally – Part 1

We are going to learn Bank Reconciliation in Tally because Bank Reconciliation Statement (BRS)  is one of the major accounting treatments or we can say major accounting processes that needs to be done. In this post we are going to discuss bank reconciliation in Tally step by step. If you are doing accounting for a business […]

How to Create a Ledger in Tally – In less than 5 Minutes

How to create a ledger in Tally

Today, I am going talk (actually write 🙂 ) about how to create a ledger in Tally. It is very much easy to create a ledger in Tally. For a fact, it takes less than a 60 seconds to create a single ledger in Tally. There are total 2 major ways to create a ledger […]

How to Use Tally – 3 Effective Ways!

How-to-use-Tally

Knowing Tally and using Tally are both different things. In fact, most of the people know what is tally but they do not exactly know how to use Tally. That is what I call half knowledge. Half knowledge is more dangerous than not knowing at all. Tally can be used in many different ways. You […]

How to create Receipt Entry in Tally

How-to-create-Receipt-Entry-in-Tally

Receipts are something that every person loves to have. It is very easy to create receipts entry in Tally once you know the exact process which I am going to explain in this post in a very detailed way. First of all there are hundreds of different types of receipts but accounting for all of […]

How to create Journal Entries in Tally

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 […]