Learn Tally Accounting Software Step-by-Step Guide: –
Tally Installation Process
The first step in learning Tally is installing the software. The installation setup can be downloaded (Click here to download free software). The educational version is available for learning purposes.
The installation wizard displays instructions; users simply need to follow the step-by-step instructions. After installation is complete, the software can be used.
Important Screen Buttons and Their Functions
- The main screen is known as the Gateway of Tally.
- This screen displays menus of accounting features.
- Function buttons are located on the left side.
- Transaction details are displayed on the right side.
- F11 and F12 keys are used for configuration settings
Simple Steps to Create a Company
To start accounting in Tally, the Create Company option is available in the Gateway of Tally.
Classification of Accounts and Inventory
- In the Tally system, masters define the accounting structure. Groups and ledgers are used for financial classification.
- The inventory module manages stock items. Units of measurement and stock groups must be defined.
How to Create and Modify Ledgers
- To create a ledger, go to the Accounts Info
- Select the Create Ledger. Enter the ledger name and choose the appropriate group.
Management of Stock Items and Groups
- Stock groups are created for inventory management. This helps organize items into proper categories.
Voucher Entry Methods
Financial transactions are recorded through vouchers.
- Sales vouchers record sales transactions.
- Purchase vouchers record purchasing activities.
- Receipt vouchers record income transactions.
- Payment vouchers record expense payments.
- Contra vouchers
Method for Sales and Purchase Entry
- To record a sales transaction, press the F8 key.
- For purchase entry, press the F9 key.
- Input GST credit is also calculated automatically.
Use of Receipt and Payment Vouchers
- the F6 key to activate the receipt voucher.
- Press the F5 key to activate the payment voucher.
Understanding Contra and Journal Vouchers
- The F4 key is used for this voucher type.
- Press the F7 key to open the journal voucher.
GST Configuration and Return Filing
- In F11 Features, statutory options must be enabled.
- Users must enter state details and GST number.
- GST reports are generated based on sales and purchase transactions.
- Reports such as GSTR-1 and GSTR-3B can be generated easily.
- JSON files can be exported and uploaded to the GST portal.
Important Backup and Restore Process
- The backup option is available in the Gateway of Tally.
- Users can specify a backup location and save the data.
Tally Shortcut Keys
(Click Here for complete list of commands/keys)
- Alt + C is used to create a new ledger.
Alt + D is used for deleting entries.
Ctrl + A is used to save entries.
Ctrl + Enter helps modify ledgers.
Alt + P is used to print reports. Author Sanjeev Malik is a taxation trainer and accounting educator with experience in GST, income tax, and financial compliance training. Connect IPA at