Tally erp 9 full tutorial in hindi all parts I Tally course beginner to expert with all tally basic

Updated: November 19, 2024

Accountants Club


Summary

The video provides a comprehensive tutorial on learning Tally accounting software, starting from basic concepts to advanced level transactions. It covers practical examples, such as creating accounts, recording transactions, handling inventory management, and setting up GST details. Viewers are guided through step-by-step processes on company creation, account setup, invoice generation, and efficient tax calculations, emphasizing the importance of hands-on practice and understanding accounting principles. The video caters to various skill levels, from beginners to professionals, offering valuable insights on mastering Tally software for effective financial record-keeping and reporting.


Introduction and Importance of the Class

The speaker expresses gratitude to viewers for their support over the years and highlights the significance of the class, emphasizing its unique approach to teaching accounting software.

Audience Engagement and Feedback

The class has garnered over 2 million views, with positive feedback and engagement from more than 20,000 users, including students and professionals.

Purpose of Learning Tally Accounting Software

Exploration of reasons for learning Tally accounting software, ranging from basic accounting skills to becoming a professional accountant.

Focus on Practical Learning

Importance of practical learning in accounting, emphasizing the need for hands-on practice and real-world application of accounting knowledge.

Transactional Analysis and Categorization

Explanation of different types of business transactions and their categorization, with a focus on regular and special transactions.

Hands-on Training with Tally Software

Step-by-step learning of Tally accounting software through practical exercises using transactions from a business organization, such as Rajdhani Home Appliances.

Recording Business Transactions

Detailed recording of various transactions related to purchases, expenses, and payments using Tally software, showcasing the process of maintaining financial records.

Challenges and Features of Tally Software

Discussion on the challenges of learning Tally software, including understanding its numerous features and functionalities, and the importance of mastering each feature systematically.

Training Segmentation and Approach

Dividing the training program into three parts based on business level, understanding the needs of fresh students, and tailoring the training to address their requirements effectively.

Introduction to Accounting Software

Learn about how to create a company in Tally accounting software, setting up accounts, creating vouchers, configuring settings according to company requirements, recording transactions, and viewing basic reports.

Inventory Management and Accounting

Discuss inventory management, accounting entries with shortcuts, creating invoices, entering opening balances, bank reconciliation, and learning intermediate-level points.

Recording Transactions at Intermediate and Professional Levels

Understand recording transactions with full effects at intermediate and professional levels, including inventory and GST, following proper procedures, discussing advanced entries, and ensuring accurate practices.

Preparation for Intermediate Level

Prepare with basic computer knowledge, including understanding the double entry system, and gaining knowledge on inventory for professional-level recording transactions with full effects.

Handling Transactions and Invoices

Learn about journal entries for business transactions, converting to the double entry system, and handling transactions and invoices at different levels based on GST registration and other requirements.

Features Overview

Intermediate and professional users can access different features to enhance their experience. Features like ordered disk access and company selection play a significant role in perfecting the learning process.

Company Creation Process

Exploration of the company creation process, starting with the primary interface where users can select a company. Practical example using the company name "Rajdhani Home Appliances" for demonstration.

Financial Year Setup

Detailed explanation of setting up the financial year, starting from April 1st in the case of Rajdhani Home Appliances. Includes configuring address, state, contact details, and selecting the financial year start date.

Security Control

Setting up security controls by creating user passwords, defining currency information, and addressing default fields in the system for enhanced security and functionality.

Acceptance and Saving

Instructions on accepting and saving screen changes using the enter key, mouse, or keyboard commands. Overview of company creation completion and initial access to the main window for further configuration.

Accounting Features Setup

Dividing accounting features into three parts: accounting, inventory, and first features. Emphasis on setting accounting features according to company requirements for effective utilization.

Creating Accounts

Guidance on creating accounts including master accounts information and maintaining account settings as per business requirements. Discussion on setting up ledger, group, and official group accounts in Tally accounting software.

Account Creation Process

Exploration of account creation process by selecting single or multiple account creation options. Recommended single account creation for simplicity and efficiency in Tally accounting software.

Transaction Accounts

Reviewing transaction accounts such as purchase invoices, journal entries, and related accounts like scooters, Jitesh Computers, and Video Max International Private Limited. Creating and linking these accounts to specific transactions.

Charge Account Setup

Explanation of charge account setup process with decisions and related group selection. Creation of charge accounts based on predetermined criteria and relevant grouping in the system.

Creating Related Groups in Accounts

Explains the importance of creating related groups within an account for software identification.

Recording Elements in Accounts

Discusses the process of recording elements in accounts and organizing purchases independently in accounting software.

Account Creation and Operations

Details the mandatory fields while creating accounts and the use of specific requirements in accounting software.

Types of Transactions Recorded

Describes the types of transactions recorded including cash deposits, withdrawals, and inter-bank transfers within the accounting software.

Accounting Vouchers and Payment Options

Explains the use of accounting vouchers for various transactions such as cash payments, check deposits, and the compulsory credit or debit requirements within the software.

Recording Purchase Transactions

Guidance on recording purchase transactions in accounting software using unique distinctions and related purchase options.

Selecting Voucher Types

Instructions on selecting voucher types based on the transaction nature, including advances, inventory, and debit-credit options.

Setting Debit-Credit Conventions

Explains the convenience of setting debit-credit conventions in accounting software for effective recording of transactions.

Automated Recording Process

Demonstrates the automated recording process by selecting the account, entering invoice numbers, and inspecting completed project records in the software.

Saving Entries

Finalizes the process by accepting changes and saving the recorded entries in the accounting software.

Transaction Process

Explains the process of recording transactions in the video.

Account Creation

Details the steps to create accounts for credit, introduction, and transaction recording.

Recording Sales Transactions

Describes the process of recording sales transactions and setting up accounting vouchers.

Debit Transaction

Involves creating accounts for customers, recording debit amounts, and crediting the sales account.

Invoice Recording

Explains the recording of sales invoices and handling expenses like front payment bills.

Direct and Indirect Expenses

Illustrates the creation of accounts for expenses like direct and indirect expenses with proper categorization and recording.

Supplier Account Creation

Discusses creating accounts for suppliers like Mr. India and recording transactions related to them.

Bank Transactions

Details the process of creating bank accounts, recording bank-related transactions, and handling check deposits and payments.

Expense Transactions

Explains recording front payment bills, activating normal and single-entry modes for transactions, and detailing the cash and check deposits.

Cash Deposit

Covers the recording of cash deposits and the details involved in the transaction for the State Bank of India.

Transaction Entry and Payment

Entering transaction details for payment to a supplier named Jitesh Computer via debit account, including State Bank of India entry and related information.

Configuring Single Entry Mode

Setting the project to single-handed free mode for recording transactions in the system, including account selection, amount entry, and related information.

Transaction Verification and Correction

Accepting and verifying transactions, correcting errors, modifying transaction details, and navigating through transaction records.

Accessing Reports and Balance

Viewing reports, trial balances, and accessing various options for checking transaction details and balances.

Transaction Editing and Rectification

Editing entries, rectifying transactions, managing accounts, correcting spelling errors, and exploring advanced journal entry options.

Learning Advanced Accounting

Exploring advanced features in accounting, practicing at a professional level, and accessing course materials for further learning.

Intermediate Level Training

Transitioning to the intermediate level with a focus on inventory accounting, sales recording, and practicing transactions.

Invoice Number and Purchases

Exploration of creating an invoice for laptop and LED TV sales, along with learning inventory management tasks like filtering banks. Introduction to setting up company requirements after creating the company.

Account Creation and Management

Process of setting up accounts for accounting features and managing inventory efficiently. Explanation on adjusting entries and creating accounts for purchases and sales.

Group Creation and Item Accounts

Creation of trading item accounts, including setting up primary and sports groups for laptops and TVs. Introduction to organizing accounts and transactions efficiently.

Financial Transactions Recording

Recording financial transactions, including creating invoices and entering values for debit and credit transactions, ensuring proper management of accounts and quantities.

Unit Measurement and Item Creation

Explanation of unit measurement in account creation and item setup process, along with creating units for different items like laptops and TVs.

Primary and Secondary Group Setup

Setting up primary and secondary groups, explaining the meaning of sports groups, and creating separate groups for laptops and TVs to streamline account management.

Transaction and Voucher Management

Recording and managing transactions efficiently, including account voucher creation and utilizing methods for credit and debit entries for suppliers and invoices.

Invoice Value Entry and Quantity Tracking

Entering invoice values and quantities for items purchased, along with setting rates and amounts for efficient tracking and automatic calculations.

Financial Accounting and Voucher Records

Recording and organizing financial transactions through vouchers, explaining the options available for transaction recording and invoice value entry.

Credit and Debit Transactions

Details on recording credit and debit transactions, including entering values for suppliers and items purchased to maintain accurate accounting records.

Invoice Creation and Value Entry

Walking through the process of creating an invoice and entering values for debit and credit transactions, ensuring accurate financial recording and management.

Automated Calculation and Invoice Number

The system automatically calculates the amount when rendering, and our invoice number will appear in the instructions section after reconciliation.

Confirming Inventory in Financial Part

The financial part is similar to the ignore level, where we added inventory confirmation. Let's save this project as well. The last entry needs to be pressed on the keyboard to appear on the screen.

Recording Transactions in Invoice Mode

Recording transactions like changing a LED TV in the next transaction. We will set the date, modify the mode, select the supplier's name (Video Max International Private Limited), select the purchase account, and enter the details.

Calculating Amounts and Recording Transactions

Calculating the amount for a 24-inch TV and a 32-inch LED TV. The system calculates the amount automatically after adding discounts, taxes, and quantities. Transactions are recorded with invoice numbers.

Accepting and Reviewing Transactions

After recording information, we will assign an invoice number to the transaction, accept and save it. Pressing 'Pizaa' shows the advance record mode of the transaction. Invoice generation is crucial for reviewing transactions.

Opening Balance Management

Discusses the process of recording opening balances in financial accounts and creating new accounts with opening balances.

Recording Opening Balance

Explains the method of recording opening balances in accounts and entering the balance amounts.

Creating New Accounts

Demonstrates how to create new accounts, enter opening balances, and manage existing accounts.

Account Deletion

Illustrates the process of deleting accounts and transactions, along with the precautions and restrictions on deleting accounts with transaction records.

Shortcuts and Account Handling

Discusses useful shortcuts for account management, including deleting accounts and transactions for efficient workflow.

Practical Application of Shortcuts

Explains the practical application and effectiveness of using shortcuts in managing accounts and transactions.

Deletion Shortcuts

Demonstrates the process of deleting accounts and transactions using shortcuts for efficient account management.

Restrictions on Account Deletion

Explains the limitations on deleting accounts with transaction records and the process of managing entries and deletions in accounting software.

Creating New Transactions

Shows how to create new transactions, shortcuts for transaction management, and the importance of practice in handling transactions effectively.

Transaction Details and Inventory

Exploring transaction details including invoice numbers, journal entries, and GST extraction.

Creating New Company

Creating a new company named "Rajdhani Home Appliances" and setting up related information in a normal process according to accounting features.

Accounting Features and Taxation

Setting up taxation features according to company requirements, enabling tax names, and classifying tax rates in accounting software.

Setting GST Details

Configuring GST details related to the company, including registration type and applicable dates.

Setting Tax Rates

Detailing the process of setting GST tax rates at company or account levels in accounting software to ensure accurate tax calculations.

Group and Account Level Settings

Explaining the differences between account and group level settings for GST classification and tax setup in accounting software.

Anomalies and Changes in Tax Rates

Handling changes in government tax rates by commenting on accounts or adjusting settings at account or group levels in accounting software.

Item Account Creation

Creating accounts for items with related GST tax rates and configuring financial accounts as per sales and purchases.

Creating Required Accounts

Creating required accounts with specific attention to applicable GST rates on goods or services at item level.

Setting Tax Rates

Setting tax rates for individual accounts based on specific items or services purchased to ensure accurate tax calculations in accounting software.

Creating Item Accounts

In this section, the speaker discusses the process of creating item accounts such as the Apple MacBook Air 13-inch, setting GST rates, and details related to settled GST rates.

Setting Tax Rates and Details

This chapter covers setting tax rates for items, GST prospects, descriptions including HSN codes, and managing taxable and non-taxable aspects within the accounts.

Creating Classification for Items

The speaker explains the classification creation process for trading items like LED TV 32-inch and ensures proper alignment with GST rates and codes.

Setting Account Qualifications

This section outlines the steps to link accounts with qualifications, create classifications such as GST at the rate of return, and match required details for accurate accounting.

Creating Financial Accounts

The presentation continues with creating financial accounts related to purchases and accounts payable, ensuring a systematic process for accurate records and GST-related settings.

Integrating GST Accounts

The speaker demonstrates the integration of GST accounts, aligning them with relevant taxes and ensuring accurate classifications and recording of transaction details.

Maintaining Supplier Address

Discusses the importance of maintaining supplier addresses properly for transaction and interest rate identification.

Creating Supplier Account

Steps to create a supplier account including selecting country, paste code, and optional phone number.

Settling GST Details

Instructions on setting GST details and the importance of accurate record-keeping for transactions.

Creating Customer Account

Process of creating a customer account, selecting digital computer solutions, and adding inventory account details.

Recording Transactions

Recording the purchase of a Jitesh computer and setting up automatic tax calculation systems.

Managing Financial and Inventory Accounts

Creating accounts for financial and inventory transactions and recording expenses and queries for sales expenses.

Recording Transactions Continues

Continuation of recording transactions related to inventory accounts and tax calculations.

Detailed Account Creation

Creating detailed accounts including serial numbers, quantities, and manual input for tax calculations.

Issues with Tax Calculation

Addressing problems with tax amount calculation and ensuring accurate invoice number maintenance.

Finalizing Records

Final steps in recording transactions including checking details, correcting errors, and ensuring accurate tax calculation.

Selection of VideoMix International Private Limited

In this section, the speaker records a transaction involving the selection of the VideoMix International Private Limited as the party name and the purchase of a 30-inch LED TV. The quantity and amount are determined based on quantity skills development.

Second Item - LED TV 32-Inch

The speaker proceeds to select a 32-inch LED TV as the second item, with a quantity of six pieces. The taxable amount is calculated, followed by the application of taxes, automatic calculation, and the generation of an invoice number for the transaction.

Recording Sales Invoice - MacBook Air

The speaker records another transaction involving the sale of an Apple MacBook Air. The sales voucher is prepared, and the date is set to the first of April. The voucher number is discussed, and the invoice number setting is highlighted in relation to GST returns.

Transaction Recording - LED TV 32-Inch

In this segment, the speaker records a transaction consisting of the sale of a 32-inch LED TV. The quantity, rate, taxes, automatic calculation, and invoice number setting are explained for this transaction.

Sales Invoice Number Three - LED TV 40-Inch

The speaker proceeds to record a sales transaction involving the sale of a 40-inch LED TV to Mahalakshmi Trading Company. The selection of the sales manager, item name, quantity, rate, and total amount calculation is detailed. Tax calculations and invoice number typing are also demonstrated.

Transaction Recording - LED TV 24-Inch

In this section, the speaker records a transaction for the sale of a 24-inch LED TV. The account, quantity, rate, automatic amount calculation, tax addition, CGST, SGST, and IGST calculations, along with invoice number typing, are covered.

Expensive Transaction Recording - GST Perspective

The speaker explains the recording of an expensive transaction from the GST perspective. The front cable, CGST, SGST, and IGST adjustments are discussed, along with the creation of accounts for proper record-keeping and analysis.

Account Creation and Setting - GST Perspective

In this part, the speaker focuses on creating accounts and setting them from the GST perspective. Details such as HSN code, applicability of GST, set details, GST credit details, classification selection, and other tax-related settings are elaborated on.

Invoice Number Generation and Account Setting

The process of invoice number generation, account creation, and setting are explained in detail for different transactions. The importance of GST registration details, GAT number, MEIS details, and the completion of information collection are emphasized.

Recording Transactions with Tally Accounting Software

The speaker delves into the recording of transactions using Tally accounting software. The setting of GST taxes, introduction of GST details, and specific considerations in accounting with Tally software are highlighted.

Recording Purchase Transactions

The process of recording purchase transactions in both voucher types - purchase voucher and general voucher is explained. The steps include entering supplier details, verifying the invoice type, setting up item invoice, selecting rental unit, entering the amount, calculating taxes, and setting the invoice number.

Recording Transactions in General Voucher

Demonstration of recording transactions in the general voucher type, including entering joint amount, debiting CGST account, manually feeding taxes, updating GST account, and saving the transaction. Bank-related transactions are also briefly discussed.

Reviewing Transactions and Generating Trial Balance

Reviewing purchase transactions, checking for duplicates, comparing entries in trial balance, and analyzing the GST-related transactions to ensure accurate recording and reconciliation.

Uploading Purchase Kit Transactions

Checking purchase transactions for invoice details, verifying entries, checking rent entries, and comparing results of German voucher and purchase voucher transactions for accuracy.

Viewing GST Returns and Filing

Navigating through the GST portal, accessing GSTR-1 and GSTR-3B returns, reviewing and exporting transactions for filing returns, and uploading exported files to the GST portal for compliance.

Exporting Returns and Uploading to GST Portal

Exporting return files, uploading them to the GST portal for compliance, ensuring proper knowledge of GST concepts and accurate filing of returns.

Practical Application of Tally Software

Importance of practical application for understanding features and concepts in Tally software. Starting with basic levels of practice and progressing to intermediate and professional levels to enhance learning and problem-solving abilities.

Downloading and Installing Tally Software

You can download the Tally software from the website and install it on your computer to open it in educational mode. However, working on the Tally software in education mode has limitations, such as only recording transactions for the current month's first and last date.

Practical Learning Recommendations

It is recommended to view the class on a laptop or PC even if you have watched it on mobile to better understand the steps and practice effectively. Ignoring students a few times might still help them understand due to the slightly faster pace of the class based on student demands.

Intermediate Level Practice Materials

For practice at the intermediate level, a project involving trading companies and converting transactions into journal entries is introduced. Recording these transactions in Tally accounting software is essential. Advanced learners can visit the online website for learning advanced journal entries.

Professional Level Practices

At the professional level, practical learning includes recording sales, purchases, and inventory transactions. The focus shifts to recording transactions with full effects, including GST, at the professional level. Projects such as Rajdhani Home Appliances are introduced for practicing specific transactions and learning tissue deposits, preparing students for professional-level recording.

Export Level Classes

The export level classes provide detailed insights into recording complex transactions, and the information can be found on the channel for further learning and practice.


FAQ

Q: What is the significance of the class discussed in the file?

A: The class focuses on teaching accounting software, particularly Tally, with a unique approach geared towards practical learning and real-world application of accounting knowledge.

Q: What are some of the reasons discussed for learning Tally accounting software?

A: Reasons include acquiring basic accounting skills, aiming to become a professional accountant, and understanding the importance of hands-on practice in accounting.

Q: How are business transactions categorized and discussed in the file?

A: The file covers different types of business transactions, with a focus on regular and special transactions within the context of practical exercises using Tally accounting software.

Q: What are the challenges highlighted in learning Tally software?

A: Challenges include understanding the numerous features and functionalities of Tally and the importance of systematically mastering each feature to effectively utilize the software.

Q: How is the training program divided based on business level?

A: The training program is divided into three parts catering to different levels - basic, intermediate, and professional, considering the needs of fresh students and tailoring the training accordingly.

Q: What are some key topics covered in the discussion on setting up a company in Tally accounting software?

A: Topics covered include creating accounts, vouchers, configuring settings, recording transactions, viewing reports, inventory management, accounting entries, and bank reconciliation.

Q: Why is it important to properly set up accounts and group accounts in Tally software?

A: Proper setup of accounts and group accounts in Tally software ensures efficient organization and identification of transactions, simplifying the accounting process.

Q: What is the role of accounting vouchers in Tally software?

A: Accounting vouchers are used for recording various transactions such as cash payments, check deposits, and maintaining compulsory credit or debit requirements within the software for accurate financial records.

Q: How does the discussion emphasize the importance of recording accurate transactions in Tally software?

A: The emphasis is on setting debit-credit conventions, selecting voucher types based on transaction nature, entering values accurately, and ensuring proper management of accounts and quantities for accurate recording of transactions.

Q: What are some features discussed for enhanced learning and practice in Tally software?

A: Features like ordered disk access, company selection, shortcuts for account management, and practical application at different skill levels are emphasized for enhanced learning and practice.

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