Features of Tally

• - Easy Installation, Quick Entry and Easy Alteration.
• - Prime can maintain accounts of many companies.
• - Best Security, Backup & Restore Support.
• - Export data to HTML, Excel, JPEG, PDF, XML formats.
• - Supports to import data from other versions.
• - Can maintain accounts for multiple years in single company.
• - Supports Single & Double Entry System.
• - Generation of Invoice.
• - Bank Reconciliation.
• - Has Email Support.
• - Multi Currency & Multiple Units Support.
• - Multiple formats of Billing.
• - Supports to print on printed and plain paper.
• - Cheque printing also possible.
• - Interest Calculation.
• - Cash and Funds flow.
• - Supports Sales & Purchase Orders, Rejection In & Out.
• - Godown Management.
• - Shows Current balance of every ledger.
• - Personalising report format.
• - Has Remote Access and Multi User Support.
• - VAT, TDS, TCS, FBT, Excise, Service Tax and GST.
• - Supports reminders, interest pending, bank reconciliation.
• - Optional, Post Dated and Memo Vouchers are available.
• - Generate GST compliant e-invoices with QR code easily.
• - Can access business data anytime, anywhere using internet.

Classification of Accounts

• - Personal Account
• - Real Account
• - Nominal Account

TRANSACTIONS

• - Cash Transactions
• - Credit Transactions
• - Barter Transactions

GOLDEN RULES OF TALLY

PERSONAL ACCOUNTS
(Accounts related to any person or firm)
Rule: Debit the receiver and Credit the giver.
  Ex: Suppliers, Customers, Lenders.

REAL ACCOUNTS
(Accounts related to all assets of a firm)
Rule: Debit what comes in and Credit what goes out.
  Ex: Land, Building, Goodwill, Purchases, Cash.

NOMINAL ACCOUNTS
(Accounts related to Expenses & Incomes, Losses & Gains)
Rule: Debit Expenses & Losses, Credit Incomes & Gains.
  Ex: Salary Account, Dividend Account, Sales.

Accounting Groups in Tally Prime

• - Bank Accounts
• - Bank OD Accounts [Bank OCC Accounts]
• - Branches / Divisions
• - Capital Account
• - Cash-in-Hand
• - Current Assets
• - Current Liabilities
• - Deposits (Asset)
• - Direct Expenses (Expenses Direct)
• - Direct Income (Income Direct)
• - Duties & Taxes
• - Fixed Assets
• - Indirect Expenses
• - Indirect Incomes
• - Investments
• - Loans & Advances (Asset)
• - Loans (Liability)
• - Misc. Expenses (ASSET)
• - Provisions
• - Purchase Accounts
• - Reserves and Surplus (Retained Earnings)
• - Sales Accounts
• - Secured Loans
• - Stock-in-Hand
• - Sundry Creditors
• - Sundry Debtors
• - Suspense Account
• - Unsecured Loans

Shortcut Keys

Payment	→	F5
Receipt	→	F6
Contra	→	F4
Journal	→	F7
Sales	→	F8
Purchase	→	F9
Credit Note	→	Alt + F6
Debit Note	→	Alt + F5
Purchase Order	→	Ctrl + F9
Sales Order	→	Ctrl + F8
Receipt Note	→	Alt + F9
Delivery Note	→	Alt + F8
Rejections In	→	Ctrl + F6
Rejections Out	→	Ctrl + F5
Physical Stock	→	Ctrl + F7
Stock Journal	→	Alt + F7
Payroll	→	Ctrl + F4