Tally Course

Tally Course can be pursued after completing 10+2 or graduation or even after post-graduation in any stream with a minimum of 50% marks. It is offered as a certification course for 1-3 months or students can opt for a diploma Tally course that is completed in 1-2 years.  

Tally course is offered by numerous institutes in India. It is a well-known course across the country. Tally course is generally opted for by candidates who want to make their career in the field of accountancy, inventory, banking and taxation. Tally course is offered both online and offline.

Some of the leading job roles offered after a Tally course are Accountant Officer, Tally Operator, Service Coordinator Tally, Account Executive, Financial Analyst, and Executive Assistant. Tally course fee is quite affordable and usually range from INR 3,000 to 5,000.

Some of the top colleges offering Tally courses include Madras Christian College, Bhopal School of Social Science, St. Teresa’s College, Sant Gadge Baba Amravati University, YMCA Institute of Management, Gramin Shiksha etc.

Some of the major highlights of Tally course are added below:

• Tally course is best suited for Finance, Accounts, Business, and Business Management students although students from all the other backgrounds or streams are also free to opt for this course. There is no restriction as such on the stream of course or no hindrance to having any special degree beforehand itself. 
• Students who have completed their 12th from a recognized board securing an aggregate of 50% can pursue this course. Even the students of graduate or postgraduate are open to opting for this course. This course can give an extra boost to the students while applying for accounting jobs and can increase the earning potential of a student in the future. 
• Tally courses are one of the most useful skills for CA students as well since chartered accounting includes dealing with the management of accounts, filing tax returns, processing invoices, and more. Therefore, Tally software can make the job or the process of maintenance of accounts much easier and simple. 
• Graduate or postgraduate students who are already pursuing a course can also do this course to get better opportunities while having a variety of job options. Courses like B.com, BBA, M.com, MBA, and other commerce courses have tally software teaching as a part of their curriculum still, a student can't have in-depth and extensive knowledge about the software. To get a full-fledged insight into the course the students can pursue this course. 

Currently, the Tally course is ruling and is accepted in all the companies since every company needs to maintain a ledger book, manage their inventory, and need to know their financial status through financial statements. Thus, companies demand accounting experts who excel in accounting and can use the latest version of the Tally Software. It also permits an expert to carry out all of the major accounting operations companies such as Balance Sheet and P&L, Multi-currency, Interest Calculation, Cost Centres and Profit Centres, Cheque Management, E-Payments, Cash and Fund Flow, and Bank Reconciliation. 

With a good pay scale, a tally expert is a good career choice therefore if a student with good business knowledge and accounting interest can pursue this particular course. Tally course can enhance your accounting credibility and can be proven as an advantage during the time of recruitment for accounting jobs. 

To pursue a Tally course there is no restriction as such on the stream of course or no hindrance to having any special degree beforehand itself. Though students of all the streams can pursue this 3 months course, they are still required to fulfill certain educational qualifications. Given below are the educational qualification requirements for the Tally course: 

• Students must have completed their 10+2 from a recognized board of education through any stream (preferably commerce students). 
• They should score a minimum of 50% in an aggregate of all the subjects in their 12th.
• Students who have a basic knowledge of Business, Accounting & Accounting entries, and Management are mostly preferred, though students from another stream who lack knowledge about these first need to spend their time clearing the concepts regarding these topics. 
• Students who have completed their graduation or post-graduation or are still pursuing any graduate or postgraduate course can also apply for this course. This course can give them an upper hand if they are applying for a job in the field of Accounting. 

There are 7 types of specialization in Tally course. They are: 

• Accounting: Accounting in Tally ERP 9 is considered one of the most necessary features. Students are necessary to know how to deal with a particular transaction which aids them in feeding the transaction data correctly. Students are specialized in entering the correct entries and avoiding any errors. 
• Billing: Billing is a prominent part of the learning in Tally course. A bill is generated after passing the entries for any transaction and in chronological order. This bill can be used for raising or sending an invoice. 
• Payroll: This feature of Tally software is used when a company is having a good number of employees. The students are specialized in maintaining employee records such as employee categories, employee groups, their attendance, over time, pay heads, and course employees are used.
• Reporting: Tally course involves creating reports like statements of the balance sheet, profit & loss, trial balance, stock summary, employees report, etc. The software calculates such statements and reports automatically after the chronological entries of the transactions. 
• Banking: Both direct and indirect taxes like GST(IGST, CGST, SGST) and TDS can be calculated automatically by the Tally Software and their returns are also filed online with the help of the software. 
• Inventory: Stock maintenance records are crucial for companies because it provides better control over the business sales and inventory management. It also gives the record of stock available in different godowns or branches of the company hence it helps businesses to make more informed decisions regarding the supply of stocks in branches and godowns.
• Taxation: Taxes like GST( IGST, CGST, SGST) and TDS are calculated automatically in the Tally Software. This comes with better accuracy along with the efficiency of calculation. The tally software shows its balance sheet, profit & loss sheet, etc in consideration of these taxes. Therefore, it makes the taxes payment process easier and saves calculation time as well.

The difference between the Tally Course and SAP FICO has been added below:

To take admission in the tally course students need to fulfill the eligibility criteria for the course i.e., students must have completed their 10+2 from a recognized board of education through any stream (preferably commerce students) and they scored a minimum of 50% in an aggregate of all the subjects in their 12th. They should also have basic knowledge of Business, Accounting & Accounting entries, and Management as well. 

Along with it students must present the following documents to the institution for the admission/enrollment process: 

• 10th Marksheet 
• 10+2 Marksheet 
• Graduation Certificate/Marksheet (if applicable) 
• Post Graduate Certificate / Marksheet (if applicable) 
• Aadhar card

Following is a list of Institutions/Colleges offering tally courses along with their respective duration and fees: 

• The duration for a certificate course in Tally is 1 to 3 months, but it can depend upon the tally Institute that students must have applied for. Likewise, the course fee may vary between INR 5,000 to 10,000 on average. 
• The duration of a diploma course in tally is 1 to 2 years with a fee varying between INR 5,000 to 20,000 on an average. 

The Tally Course syllabus mainly focuses on the teaching of accounting entries, creation of payroll, taxation, inventory management entries, etc. 

The following topics are covered at a basic level certificate course in tally to learn the software : 

Tally ERP 9 Introduction 

• Features of Tally 
• Tally.ERP 9 Screen Components 
• Enhancement in Tally.ERP 9 
• Creating a Company 
• Installation Procedure of Tally.ERP 9 

Stock and Godowns in Tally 

• Stock Groups 
• Stock Categories 
• Stock Items 
• Units of Measure 
• Godowns 

Groups, Ledgers, Vouchers, and Orders 

• Introducing Groups 
• Introducing Purchase Orders 
• Introducing Vouchers 
• Introducing Invoices 

Reports in Tally.ERP 9 

• Working with Balance Sheet 
• Working with Stock Summary Report 
• Working with Day Book Report 
• Working with Profit & Loss A/c Report 
• Working with Trial Balance Report 
• Understanding Ratio Analysis 

Payroll 

• Payroll Reports
• Working with Payroll Vouchers 
• Describing Salary Disbursement 
• Exploring Payroll in Tally.ERP 9 

Taxation 

• VAT (Value Added Tax) 
• Create a Tax Ledger 
• VAT Vouchers & Invoices 
• TDS Vouchers 
• Tax Collected at Source in Tally.ERP 9 
• Tax Deducted at Source in Tally.ERP 9 
• Central Sales Tax (CST) 
• Statutory & Taxation Features 
• Creating Masters for VAT 
• GST - Goods and Services Tax 
• VAT Reports 
• Service Tax 

Back & Restore in Tally.ERP 9 

• Restoring Data from Tally 7.2 
• Restoring Data in Tally. ERP 9 
• Using E?mail in Tally.ERP 9 
• Taking Backup in Tally.ERP 9 

Tally.NET in Tally.ERP 9 

• Assigning Security Levels 
• Logging as a Remote User 
• Configuring the Tally.NET Feature 
• Connecting a Company to the Tally.NET Server 

The following syllabus is covered for Tally Simplified:

Volume 1A 

• Creating Masters in Tally. Voucher entry, invoicing cost centers & cost categories
•  Accounting & Inventory Management 
• Getting started with Tally & fundamental features 
• Banking interest calculation, simple interest calculation 
• Point of sale. Different actual and billed quantities 

Volume 2A 

• Service Tax Excise & Advanced features 
• Essentials of taxation 
• TDS 

The following syllabus is covered for Tally Advanced : 

• Volume 1: Fundamentals of Accounts & Inventory 
• Volume 2: Advanced Inventory & Technological capabilities 
• Volume 3: Fundamentals of transaction 
• Volume 4: Advanced Taxation
• Volume 5: Payroll Advance Features 

The following syllabus is covered for Tally Comprehensive:

• Volume 1: Fundamentals of Accounts & Inventory 
• Volume 2: Advance Inventory & Technological capabilities 
• Volume 3: Fundamentals of taxation 
• Volume 4: Advanced taxation 
• Volume 5: Payroll & Advanced Features

Having the required can prove to be an advantage for the student during the learning period and brings ease to learning new concepts. A student must possess the following skill sets to excel in Tally Course and to get better future opportunities: 

• Gst Knowledge 
• Accounting 
• Effective and efficient financial handlings 
• Billing 
• Taxation 
• Auditing 
• Computer skills 
• Leadership and Communication Skills 
• Effective commercial transactions 
• Knowledge of Balance sheet 

The tally course will help a student to learn the concepts of accounting and its application in business firms while keeping records of all the transactions. If a student has completed their 10+2 from a commerce stream, they are already aware of accounting principles and the nature of each transaction but they lack the knowledge of computation and application of the same in real businesses. Pursuing a tally course will give a boost to their existing knowledge as well as career opportunities in the accounting field. The curriculum of the course is comprised of: 

• Basic topics in accounting, such as ledger creation, invoice creation, P&L statements, accounting ratios, etc are included in the curriculum to aid the knowledge of the students. 
• Tally course teaches students the skills and knowledge required for accounting jobs, financial assessments, etc. 
• The curriculum also focuses on increasing the computer handling skills of a student so that they can understand similar accounting software like Tally ERP 9. 

Scope in India :

Companies in India are looking for expert accountants with tally skills and abilities to meet the developing demand for the proper recording of various transactions, entries, assessments of stock availability, and computation of profit & loss. Tally course gives computerized accounting to make the whole accounting system extra reliable and simple. 

With the emergence of many start-up companies and the existing accounting policies and requirements, the need for tally experts has been explicitly increasing. The demand for the Tally courses is continuously expanding. People are getting extra conscious of accounting's effect these days. Tally course offers computerized accounting to make the whole accounting manner extra reliable and simple.

Scope Abroad: 

The need for a tally expert has developed in both the market domestically and internationally. Tally students might also serve as freelancers in small and medium businesses, supporting groups with their accounting needs which can provide an extra scope for developing income capacity. Accounting administration is among the most vital areas of any company's operations, and it is fundamental to the organization's growth. 

Companies in foreign countries do have a lot of scope for working as an Accounting Clerk, Tally Account Executive, etc. There is a possibility that they might be using a different software similar to tally, therefore one needs to be well aware of that software or at least have enough computer handling skills to understand the other tally software.

Following is the list of top recruiting companies after completing the tally course: IBM India 

• Ernst & Young 
• Smith and Williamson 
• SS Kothari & Mehta 
• Genpact 
• Adventure 
• Reliance Industries 
• Deloitte 
• KPMG 
• BDO International 

Tally is a famous course which can provide good employment opportunities and a safe working environment. The salary after completing a tally course is different for different job prospects such as accountants, sales operators, accounting clerks, etc. Although an average expected salary is around INR 22,000 per month. The given table below shows the expected salary of different jobs after the tally course:

A tally course is just to enhance your knowledge and skills in accounting and use of the accounting software (commonly used software Tally ERP 9). It is advisable to pursue an undergraduate course as well along with a Tally certification course for students to get even better opportunities. 

Students who completed their Tally course might look for a variety of career opportunities in the private as well as public sectors. There is a wide range of job opportunities in banks, financial organizations, and other businesses. Accountant, Tally Operator, Tax Accountant, Sale Analyst, and Auditor are just a handful of the roles they can opt for. 

The table below describes popular tally jobs and the job role associated with them.