How to Learn Tally for Beginners? | Tally Course Institute Delhi

Every new user in Tally can follow these steps to learn it easily. Before pursuing the Tally, it is important to self-learn the concepts of accounting such as;

• Ledger
• Journal Entries
• Debit and Credit
• Trial Balance
• Balance Sheet

Install Tally Steps

• Go to the main Tally site and download the required version that is available e.g. Tally Prime.
• License: If you are learning, use the free trial version or for all features, license it.
• Demo Mode: The students can practice in the modified license free mode, termed as “Educational Mode”.

Here is a practical example:

Tally Basics

Familiarize yourself with the Tally dashboard, including menus like:

• Gateway of Tally
• Masters (for creating ledgers and stock items)
• Vouchers (for data entry like sales, purchases, payments)
• Reports (Profit & Loss, Balance Sheet, GST reports)

Here is a practical application:

Create a Company in tally

• Go to Alt + F3 (Company Info).
• Select Create Company and enter the required details like company name, financial year, and base currency.
• This is the first step to start entering data.

Here is a practical application:

Basic Features of Tally

Ledgers and Groups: Learn to create and manage ledgers under the correct groups. For example:

• Sales Ledger under “Sales Accounts”
• Purchase Ledger under “Purchase Accounts”

Voucher Entry: Understand different types of vouchers, such as:

• F4 (Contra): For cash/bank transfers
• F5 (Payment): For recording payments
• F6 (Receipt): For recording receipts

Here is a practical application:

Inventory Management in tally

• Stock Items: Create items to track inventory.
• Units of Measure: Set units like KG, PCS, or Liters.
• Stock Groups: Organize similar items.

Here is a practical application:

Learn GST and Taxation in Tally

• Enable GST in F11 (Features Configuration).
• Record GST-compliant invoices for sales and purchases.
• Generate GST reports for filing returns.

Here is a practical application:

Generate Reports in tally

Use shortcuts like Alt + G (Go To) for:

• Profit & Loss Statement
• Balance Sheet
• Trial Balance
• Learn how to analyze financial reports for decision-making.

Here is a practical application:

15 important Tally shortcut keys

Here are 15 important Tally shortcut keys with detailed explanations for your experience efficient:

1. Alt + F3 – Select/Close Company

• Explanation: Opens the company selection menu. You can choose another company or close the current one.
• Usage: Quickly switch between multiple companies without restarting Tally.

2. Alt + C – Create a New Master

• Explanation: Opens the creation window for ledgers, stock items, groups, etc., without leaving the current screen.
• Usage: Useful when you need to create a new item while entering vouchers.

3. Ctrl + A – Save

• Explanation: Saves the current screen or master record.
• Usage: Works across all screens, from ledger creation to voucher entry.

4. Alt + D – Delete

• Explanation: Deletes a selected voucher, ledger, or master.
• Usage: Useful for removing incorrect entries or unused records.

5. F11 – Features Configuration

• Explanation: Opens the company features menu, where you can enable or disable options like GST, payroll, or inventory.
• Usage: Quickly customize the company’s settings.

6. Alt + F2 – Change Period

• Explanation: Lets you change the accounting period (financial year).
• Usage: View reports or make entries for a different date range.

7. F2 – Change Date

• Explanation: Allows you to set the working date in Tally for voucher entry.
• Usage: Enter transactions for a specific date.

8. F9 – Purchase Voucher

• Explanation: Opens the purchase voucher entry screen.
• Usage: Record purchases made by your company.

9. F8 – Sales Voucher

• Explanation: Opens the sales voucher entry screen.
• Usage: Record sales transactions efficiently.

10. F7 – Journal Voucher

• Explanation: Opens the journal voucher screen for non-cash transactions like adjustments.
• Usage: Ideal for entries like depreciation or provisions.

11. Alt + P – Print

• Explanation: Opens the print menu to print invoices, reports, or statements.
• Usage: Print invoices or financial statements directly.

12. Alt + E – Export

• Explanation: Exports reports or data in Excel, PDF, or other formats.
• Usage: Share data with external stakeholders.

13. Ctrl + N – Calculator

• Explanation: Activates the calculator for quick calculations.
• Usage: Perform simple math operations during voucher entry.

14. Alt + F5 – Detailed View

• Explanation: Toggles between detailed and condensed views of reports.
• Usage: See more information in reports like Profit & Loss or Balance Sheet.

15. Ctrl + U – Open Stock Query

• Explanation: Displays stock item details and movement.
• Usage: Quickly check stock levels and transaction history

ESS Institute in a computer training institute in Delhi offering tally accounting offline and online courses for students interested. You can also bok a demo class.