Tally Prime Basics
Here’s a beginner-friendly guide to Tally Prime:
1. Introduction to Tally Prime
• Tally Prime is accounting software used for financial management, inventory management,
and reporting.
2. Installation
• Download from the official Tally website.
• Follow the installation instructions to set it up on your system.
3. Getting Started
• Open Tally Prime: Launch the application.
• Gateway of Tally: This is the main screen where you can access various features.
4. Creating a Company
• Go to Create Company.
• Fill in details like the company name, address, financial year, etc.
• Save the company to start working.
5. Chart of Accounts
• Tally organizes accounts into a hierarchy.
• Use the Accounts menu to create ledgers, groups, and vouchers.
6. Creating Ledgers
• Navigate to Accounts > Ledgers.
• Click Create to add a new ledger (e.g., Cash, Bank, Sales).
• Specify the group under which the ledger falls.
7. Vouchers
• Vouchers are used for recording transactions.
• Types include Payment, Receipt, Sales, Purchase, and Journal.
• Access vouchers from the Transactions menu.
8. Inventory Management
• Tally Prime supports inventory management.
• Create stock items via Inventory > Stock Items.
• Manage purchases and sales of stock through appropriate vouchers.
9. Reports
• Tally generates various reports such as Profit & Loss, Balance Sheet, and Cash Flow.
• Access reports from the Reports menu.
10. Backup and Restore
• Regularly back up your data using the Backup option.
• Restore data through the Restore option if needed.
11. Shortcuts
• Familiarize yourself with keyboard shortcuts to speed up your work. For example:
o Alt + C: Create a new ledger
o Alt + I: Insert a voucher
12. Help and Support
• Tally provides help files and tutorials within the software.
• Consider visiting the Tally Solutions website for more resources and community forums.
Tips for Beginners:
• Start with simple transactions to get a feel for the interface.
• Explore each feature gradually to avoid feeling overwhelmed.
• Regular practice will help solidify your understanding.
