Learn Tally Basics in 30 minutes

Create a company in tally, enter name and address, set a password with Alt+F12, ensure the address matches gst certificate and include pin code for e-way bills, then press escape.

Learn to create a new company in tally by selecting the company option, clicking create, entering name, address, pin code, and state, and press Ctrl + A to save.

Create and manage ledgers in Tally using the create, alter, and delete options, assign ledgers to groups, and configure currencies, stock items, and voucher types.

Learn how to create, alter, and delete ledgers in tally by navigating the main menu, entering ledger details such as capital account or NCS, and using alt+d to delete.

Create a laptop item under computer items by making a stock group with Alt+C and defining units as pieces (pc) with 18% GST; modify or delete via alter and Alt+D.

Create a laptop item under stock items, using alt plus c to create the group computer items with symbol pc and pieces; alter or delete items similar to the ledger.

Access voucher entry from the main menu, switch to double-entry mode with Ctrl+H to understand debit and credit concepts, and configure with F12 to use Cldr.

Learn how to record proprietor cash injections using the receipt voucher in tally, including debiting cash and crediting capital, with navigation via F10, F6, and F2.

Learn to perform receipt entries in Tally by switching to double-entry mode, selecting receipt voucher, crediting the capital account and debiting cash with narration.

Learn how a contra entry records cash deposited in a bank like HDFC Bank, debiting the bank and crediting cash, and how to create the bank ledger with narration.

Perform contra entry by depositing cash into bank, select contra with F4, credit cash, and debit the bank; create bank details with Alt+C and enter name and account number.

Learn to create a purchase entry in tally by recording supplier invoice into a purchase voucher, using sundry creditors and purchase accounts ledgers, and entering items with quantities and rates.

Execute a complete purchase entry by selecting a purchase voucher (f9), switching modes (ctrl+h), creating sundry creditors and a purchase ledger, then entering item details and a reference number.

Sell five laptops at 20,000 each, record each as a sale entry like a purchase, place the party under sundry debtors, and update the sales ledger with the purchase ref.

Create a sales voucher from the main menu, set the date, add a party under sundry debtors, then establish a sales ledger under sales account and record a laptop sale.

Record a payment to meta computers via a payment voucher, apply a rupees 1500 discount, and create a discount received ledger under indirect income by pressing alt plus C.

Perform a payment entry from main menu by selecting voucher and paying Meta Computers via HDFC Bank, with a 1500 discount, and create a discount received ledger under indirect income.

Learn to purchase fixed assets by cash, record furniture depreciation under fixed assets, and create ledgers via main menu, with depreciation posted through a journal voucher as an adjustment entry.

Purchase a fixed asset like furniture using a payment voucher and cash or bank, then record depreciation of 2000 through a journal voucher under indirect expenses.

Navigate to daybook from the main menu to view journal entries, adjust the date period, modify or delete entries, and save with Ctrl+A or delete with Alt+D.

Access the stock summary from the main menu in tally basics to view full details of stock groups and items by pressing Alt plus F1.

Learn to check the company's profit or loss by opening the profit and loss account from the main menu and pressing Alt+F1 to view gross and net details.

View the balance sheet by accessing the Balance Sheet account from the main menu, then press Alt Plus F1 to view full details of assets, liabilities, and net profit loss.

Discover company information in tally using main menu shortcuts alt+k and alt+y to view options and data, and alt+e to export to Excel or PDF with a configurable destination path.

Learn to select and alter a company's information in tally, save changes, and manage data backups and restores by changing storage paths and using the data menu shortcuts.

Export a balance sheet in tally by selecting balance sheet from the main menu, choosing export with current settings, configuring options, pressing escape, and exporting in the chosen file format.

Explore tally features such as cost center entries, alternate units, price levels, and dates. Learn batch numbers, GST voucher entries, and excel stock maintenance with share analysis.