Skip to main content

Posts

Showing posts with the label Tally GURU

Advanced Features of Tally Guru

TALLY GURU A business cannot operate in isolation. It needs a society to operate which is governed by a government which has different types of taxes on a business as it is a commercial activity. Previously Income Tax, VAT, Excise, Customs and Service Tax were taken care of by Tally. Now GST is also included in Tally’s latest version. You can upgrade Tally to have the GST functionality right now. Now you can also create GST entries in Tally as well as GST Returns in Tally without using any other software. The process is simple and easy and almost same as previous taxation entries. If you are covered under Audit as per Income Tax Act, 1961 then there are different functions for that also such as Form 3CD, Form 3CA, 44AB Audit, and Form 3CB and so on. If you have taxation functions enabled then billing is done including taxes on the sales or purchases. At the end of the year or a particular accounting period tax credit or tax payable automatically gets calculated by Tally. Here t...

Why Learn Tally? What are my Job Prospects if I Learn Tally?

In India and all over the world, 90% of Business Enterprises use Tally. ERP 9, and hence, a working knowledge of Tally is in great demand. Once you get the certificate from a Tally institute, it gives you an edge over other competitors for a job. Even if you are currently employed, learning Tally and obtaining a certificate will improve your chances for a promotion or you may even land a better job. Tally will give a much needed boost to your career by enhancing your knowledge in Accounting, Inventory Management, and Taxation. Who can learn Tally? Is there an eligibility criteria? Seeing as it is a computer accounting software, a basic knowledge about both these areas (computers and accounting) is recommended. Any person who has passed their 12th standard can sign up for this course at Tally institutes in their city. What is this ERP version of Tally? ERP stands for Enterprise Resource Planning. Tally is system with exemplary accounting features. Apart from this, it also ...

Tally GURU Latest Features

Tally GURU is one of the most necessary accounting software that is commonly used in India, without which an accountant cannot survive in his/her field. As this deals with the following features, Ø   Daily accounting Ø   Balance sheet finalization Ø   Inventory maintenance Ø   Tax filing Tally’s advantages: We can make ledgers and pass entry, automatically ledgers, trail balance and balance sheet gets updated. Where as in normal accounting we have to pass entries, make ledgers, make trail balance, make profit and loss, make balance sheet which is comparatively a longer task. In tally there won’t be that much of errors when compared to normal accounting, while the balance sheet is being tallied it will be a tougher task in normal accounting when compared to tally. Hence tally plays a vital role in accounting. TALLY GURU A business cannot operate in isolation. It needs a society to operate which is governed by a government which has di...