What is Tally – Full Information about Tally 2023

What is Tally? Full Information about Tally

If you have gone to a computer institute, then you must have heard the name of tally computer course. People often ask these questions about it What are the benefits of tally? If you don’t know the answers to these questions, it doesn’t matter. here we will know What is Tally? Full Information about Tally, Uses of tally, Features of Tally etc.

As we know what today’s computer and for every work, humans take the help of computers. Whether it is going to space or a bank, government office or printing and removing a photo, computers are used everywhere. In this episode, many companies use different software for account-related work.

Tally is the most popular accounting software used in India. It is full enterprise software for small and medium enterprises. Tally is a great business management solution and GST software that comes with a combination of function, control and in-built customization. Most entrepreneurs in India use this account software to collect information about their product and company transactions. If you are a commerce student, then you must know about What is tally.

Here we will know about. What is Tally and how to learn Tally Today we will learn through this post? So let’s now know what is Tally ERP 9.

What is Tally?

Tally is a cloud-based accounting software that helps small business owners manage their finances. It has an intuitive interface and provides real-time updates on the company’s financial performance. All these features make Tally one of the best accounting tools for small businesses.

Tally means to calculate money as well as to dispose and preserve it. Apart from this, the record of all these works purchased from where the item was purchased is kept in tally.

There used to be a time when people used to write all the financial transactions in their business by hand and keep them in documents and documents. But now that time has passed. In today’s time, computers are used in all types of businesses and Tally is the most commonly used in many software related to accounts.

Whenever the work of accounting is talked about in the computer, the first name that comes to mind is Tally. There are many tricky calculations that have to be done in accounting, which cannot be done without software in the computer. Tally is used only to do such difficult calculations.

For your information, let me tell you that Tally is used in India, besides tally is very popular in many other countries. This software is a daily use software for many saree companies and people associated with accounting.

But very few people know how the tally started. Now you must have understood how useful it is, but when it was needed, let’s know this thing further.

What is the Full Form of TALLY

Tally’s full form – “Transactions are Allude in a Linear Line Yards“. This is a software that is used for accounting, along with this you can also send GST return to it.

Where Tally is Most Used

Tally is used in many such places, but it is especially used in companies, banks, etc. Most of the companies try to know how many products have been made in the company using Tally software and how many products the company has sold in all those products. How much money has been spent in preparing all these products and how much profit or loss is in the company by selling the product. All this is known by Tally. Friends, now you must have understood how beneficial tally is for any company.

Tally is used in almost all banks. Using Tally in the bank, it is tried to find out how much money the customer of the bank has deposited in his bank account and how much money he has withdrawn after the money is deposited and there are many works under Tally software that you will know to learn it.

History of Tally

Friends, as I have already told that Tally has been manufactured in a company based in Bangalore, India. But the Tally Solution company was formerly known as Peutronics. Do you know who is the father of tally?

It was formed in 1986 by Shyam Sunder Goenka and his son Bharat Goenka. At that time, Shyam Sunder Goenka used to run a company from which he used to supply raw materials and machine parts to other plants and textile mills.

So he did not have any software to manage this business so that he could easily calculate his account.

Then he told his son to make a software so that we can manage our business easily. Bharat Goenka, who was a graduate in mathematics, launched the first edition of the accounting application as an MS-DOS application. It had only basic accounting functions. It was named the Peutronics Financial Accountant.

1988In 1988, the name of this product was changed to Tally for the first time.
1999In 1999, the company formally changed its name to Tally Solutions.
2001In the year 2001, a new version of Tally i.e., Tally 6.3 was launched. It was a little advanced from the version because it had the ability to use it for educational purposes in addition to accounting. Along with this, license facility was also provided in it.
2005In 2005, Tally was launched in the market with an even better design, the most important feature was Value Added Taxation (VAT). Which was very useful for Indian customers. This was The Tally 7.2 version.
2006In 2006, two versions of Tally were released, one was Tally 8.1 and the other was Tally 9. These were the maultilingual version of Tally.
2009In 2009, the company released Tally ERP 9, a business management solution.
2016In 2016, Tally Solutions was chosen to provide GST facility as an interface between GST Server and Tax Payers and
2017in 2017, the company launched a fully updated GST Compliance Software.

Features of Tally

Here we will tell you about the special features that are especially present in tally , which are given below –

  • With the help of Tally , it becomes easy to identify defaulters and bad debitors in payment related matters.
  • Data entry and accounting related tasks are completed with a lot of mobility.
  • Tally is capable of updating more than one large amount of data simultaneously.
  • It is possible to monitor the stock through tally .
  • Tally provides for keeping the records of about 1 lakh companies together.
  • With the help of this Tally, the accounts of such companies are managed and reports are prepared, which work in more than one place.
  • Tally helps in analyzing the profit center and cost.
  • Tally is enabled to save records according to the user’s language option to get results from it and check it from time to time.

Versions of Tally

Tally has been a pioneer in the field of accounting software. The company brings new versions of its product every year. TallyPrime is the latest version of the company. It is a cloud-based accounting solution for small and medium enterprises.

Tally VersionRelease Date
Tally 4.51990
Tally 5.41996
Tally 6.32001
Tally 7.22005
Tally 8.12006
Tally 92006
Tally ERP 92009
Tally Prime2020
Tally Prime 2.02022

Benefits of Doing Tally Course

Tally course is a simple accounting software that can be used to track the financial transactions of any business. It is designed for ease of use and has many advantages. Benefits of

Some of the major benefits of Tally are:

  • It is easy to use and requires no training, which makes it a good choice for new entrepreneurs.
  • The software is available in multiple languages and can be used by anyone, irrespective of the country they are from.
  • Tally has a free trial version that can help users understand the features and functionality before buying the full version.
  • The software integrates with many third party applications such as QuickBooks, Xero, PayPal, etc.

What will to learn in the Tally Course?

Tally Course is divided into five sections:

Tally Basics – This section covers the basics of accounting, such as double-entry accounting, debit and credit and account.

Accounting Software – This section discusses various features of Tally, such as its interface and reports.

Accounting Software – This section introduces students to financial statements and how to read them.

Business Analysis – This section introduces students to business analysis techniques such as forecasting, break-even analysis and cost estimation to help them better understand their business.

Accounting Systems – The final section covers accounting systems like VAT, GST and TDS in detail, with an emphasis on how they are calculated in India using Indian accounting standards.

Job Opportunities After Doing Tally

Friends, after doing the Tally course, you will have opportunities from the job bout, you can do a job in any company or bank. All companies hire accountants here, such as banks, financial institutions, loan companies and other financial institutions, you get many opportunities to work.

Salary After Tally

After doing tally course, you can Earn 20-50 Thousand rupees per month. At the same time, you can also do this work separately while working, many companies also work in part time, which can increase income and your income increases with experience.


Hopefully, now you know, what is tally? This was a small effort of ours, to provide you Tally information through this article. At present, it is necessary for all of us to be aware of these useful tools, If you liked this article, then do share your thoughts by commenting.

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