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What is tally accounting?

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**Tally accounting** refers to using Tally software for managing and recording financial transactions. It involves: 1. **Recording Transactions**: Sales, purchases, receipts, and payments. 2. **Generating Reports**: Profit and loss statements, balance sheets, and GST reports. 3. **Managing Inventory**:...
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**Tally accounting** refers to using Tally software for managing and recording financial transactions. It involves: 1. **Recording Transactions**: Sales, purchases, receipts, and payments. 2. **Generating Reports**: Profit and loss statements, balance sheets, and GST reports. 3. **Managing Inventory**: Tracking stock levels and costs. 4. **Handling Payroll**: Calculating salaries and employee benefits. Tally simplifies and automates accounting tasks, making financial management more efficient. read less
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My teaching experience 12 years

**Tally accounting** refers to using Tally software for managing and recording financial transactions. It involves: 1. **Recording Transactions**: Sales, purchases, receipts, and payments. 2. **Generating Reports**: Profit and loss statements, balance sheets, and GST reports. 3. **Managing Inventory**:...
read more
**Tally accounting** refers to using Tally software for managing and recording financial transactions. It involves: 1. **Recording Transactions**: Sales, purchases, receipts, and payments. 2. **Generating Reports**: Profit and loss statements, balance sheets, and GST reports. 3. **Managing Inventory**: Tracking stock levels and costs. 4. **Handling Payroll**: Calculating salaries and employee benefits. Tally simplifies and automates accounting tasks, making financial management more efficient. read less
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Fundamentals of Programming languages and Data Science

Tally accounting involves using Tally software to record financial transactions, manage ledgers, generate reports, handle inventory, and process payroll efficiently.
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Tally accounting involves using Tally software to record financial transactions, manage ledgers, generate reports, handle inventory, and process payroll efficiently.

 
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"Transforming your struggles into success"

Tally accounting refers to the use of Tally software for managing financial transactions, including bookkeeping, inventory management, and financial reporting. It automates accounting processes, ensures GST compliance, and provides real-time insights into a business's financial health.
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Related Questions

I am 28 years old. I have done MBA & wanted to improve my skills in the fields of finance & accounts from basics within a short span. I also wanted to be master in Tally with GST, Busy, taxation, E-filing of TDS. Kindly suggest me some reputed institutes in Delhi NCR with 100% assured Placements.
Hi Nikhil, You already done MBA, but you did'nt metioned in which subject MBA done. If you done in finance & account, not required to again training. Please you take a Tally training at computer centres...
Nikhil
1 0
5
What is Tally?
Tally is an ERP accounting software suite used to capture a company's day-to-day business data. Tally ERP 9 is the most recent version. Tally ERP 9 Software is a popular financial accounting system in...
Chitra
0 0
5
Does any training or cerification is required to learn Tally Software?
Absolutely No. You can speak instead Papers in Interview.
Bhavesh
which will be the next version in Tally ERP?
Next Versions Tally.ERP9 Series B is under development. Please don't confuse with With Version and Release. Version is some thing Big enhancement in Tally where as Release is minor enhancement in the product....
Shweta.m

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Related Lessons


Checklist for Tally.ERP 9 in Educational Mode (Client System)
1. Check the Date and Time of the System. 2. Check the internet connectivity and LAN connectivity. 3. Configure your Tally.ERP 9 client license using the Gateway Server 3.1. Start Tally.ERP 9. 3.2....

What is Debit or Credit ?
In accounts, these to words are most important, if students understand this concept they can able to handle accounts properly, Its a very basic of Accounts which students lack in the future course of the...

Goods & Services Tax: One Nation One Tax: For Everyone.
GST - Goods & Services Tax Benefits: To Create a unified Common national market. To boost economy: generate more employement. Reduction in Compliance costs. Multiple Record not required to maintain. Uniformity...

Highlights Of Some Recent GST Council Meetings
Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and...

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