How to Use Tally: 26 Steps

How to Use Tally: 26 Steps

Tally is a accounting software developed in India and mostly used based on English Accounting system.

Steps

1. Double click on file named tally<version>.exe. If you are using tally first time the gateway of tally will be open. At the gateway of tally there will be an option of Creating Company (Company for which we are going to use tally or maintaining the accounts using tally).

2. Select the option "Create Company" and a form will appear on the screen.

3. Enter the essentials of your company and when you have traversed all of the options you will get an intimation "Save Company or NO". If you want save the company press enter if no just press no. If you pressed Enter Or Y, your company will be saved and its folder will be created and you will be logged in.

4. After logging in to your company you will be at gateway of tally, where you can see the Date of last entry in your company (i.e) Data entry.

5. In Other Box you will get menu list as we find in any other software. Especially note that tally is a software which is specially designed to work out with keyboard but some latest version of Tally you may work with Mouse too, but accord to my consult use more use of keyboard as you can do instead using to mouse.

6. In other box you will get the Menu list which is in format given below:

7. Format of Tally Menu

8. Masters

9. Accounts Info,

10. Inventory Info,

11. Import Masters.

12. Transaction/Vouchers

13. Accounting Vouchers,

14. Inventory Vouchers,

15. Import Transactions.

16. Reports

17. Balance Sheets,

18. Profit & Loss A/c,

19. Stock Summary,

20. Ratio Analysis.

21. Display.

22. Multi-Accounting Printing,

23. Quit

24. Here is being presented fully introduction to Tally menu including use and function of every menu.

25. Masters

26. Master menu is the menu in Tally in which account masters are created for example in this you function you have to create master information like Ledger(Party's accounts),Inventory information like Stock Groups, Stock Items, Unit of Measures etc. Now i will give complete detail of Function "Masters" in Tally.