Many people, most of which are students, are looking for tally course details to understand better if they stand a chance to learn the skill and upgrade their career.
The sudden increase in the interest for tally course details shows the increasing awareness of how the industry is going to be opportunistic in the next couple of years. In this article, I’ll take you through the very details of tally and everything around it such as the career opportunity, the origin, its uses, and more.
What is Tally?
A lot goes into making a business efficiently functional and one of the factors affecting the efficiency is management. If you’re able to manage the key business operations, then there is a good chance that you can yield fruitful results. Management isn’t just about managing the store, the inventory, or the employees but keeping track of the transactions, the profits, the losses, and more also counts as management operations.
It might be quite complicated to keep track of the transactions through manual methods like maintaining registers or manual ledgers. Well, did you know most businesses use software called tally to maintain all the transactions?
Tally is an ERP accounting software. ERP stands for enterprise accounting planning software that is a type of software that allows the user to manage core business operations efficiently. The ERP software is capable of collecting, storing, and managing data from business operations, usually transactions.
Before ERP was introduced, there were several other apps each having specific capacities to manage particular business operations. However, ERP software is one solution for businesses. It can manage multiple sections of a business starting from keeping track of cash, raw materials, to even managing orders, pending payments, payrolls, and more.
The core fundamental principle on which the tally software operates is providing the businesses with the much-required ease in managing the business functions. The software can intelligently collect raw information from the transactions and manage them in a way that could be traced, interpreted, and analyzed easily.
ERP software has been incredibly helpful in managing the business. It allows the management team to effectively carry out business operations and gather all the required data in a very organized way. The basic functions of the ERP software revolve around 3-4 very important functions that include transactions, inventory, and payroll.
There are many other operations that this as well, however, these are some of the very fundamental parameters around which the tally software revolves. The tally software is mainly used in India and is extremely popular. A majority of the stores we visit that have a billing counter, use the tally software to generate bills, show cash exchange, offers, discounts, inventory, and a lot more.
This is one of the main reasons why businesses that usually have set up their physical stores look for professionals with good hold over the operation of tally software. A person with a good professional understanding of the tally software can manage the store operations very effectively. If you’re among people who are looking forward to having a career as a store manager, then it is suggested that you must learn tally.
Origin, Versions, and Alternatives of Tally
The reason tally is massively popular in India is mainly because it is one of the very efficient business management software that was developed in India. Yes, the software tally ERP was created in India by the founders of Tally Solutions, and then known as Peutronics, Mr. Bharat Goenka and Mr. Shyam Sundar Goenka.
According to the current stats on the internet, the company had a million customers by 2016 and the numbers must have increased by a good margin in 2021. As more businesses and even retail stores prefer to organize their businesses through software like tally.
The tally software as mentioned was first developed by the Goenka brothers in the early ’90s and it took a while for the software to make a name for itself. However, when more businesses became aware of the software, the software started to get acceptance in the market.
Tally solutions were shortlisted to create the interface for the GST filing between the server and the taxpayer. Tally Solutions has been updating the software and coming up with better versions every two to three years.
The latest version launched by tally solutions is “Tally Prime”, a business management software dedicated for small and medium businesses to manage their growing needs such as creating invoices, filing GST, etc.
There were numerous versions of the tally software, and some of the most popular versions of the software are:
- Tally 3.0 (The first version)
- Tally 4 (1992)
- Tally 5.4 (1996)
- Tally 6.3 (2001)
- Tally 7.2 (2005)
- Tally 8.1 (2006)
- Tally 9 (2006)
- Tally ERP 9 (2009)
And according to Wikipedia, the company has reported over 1.8 million customers recently. While tally became the standard of business management software, much new software also surfaced after looking at the response from the market. Still, tally happens to be one of the best enterprise resource management software ever introduced.
Alternatives of Tally
There are quite a few alternatives of the tally software that are trying to find a spot in the industry and make a name for themselves. According to g2, some of the alternatives of tally that you may consider learning are:
- ORACLE Netsuite
- Odoo ERP
- G2 Storefront
- Sage Business Cloud x3
- SAP ERP
- SAP Business one
- Microsoft Dynamics NAV
- Sage Intacct
- Epicor ERP
- ORACLE Business suite
These are only some of the software that can be used as an alternative to the tally software. This software is not half as popular as tally however, they’re making good efforts to make a name for themselves.
Where is Tally Used?
Like I mentioned, the tally is entirely meant for helping businesses streamline their operations with the help of this software. The prime objective of using tally is to organize and ease the process of collecting and analyzing data that is useful for the business.
Now with more regulations around taxes and other areas of business, it has become very important to properly impose taxes, produce revenue reports, and more. Managing a manual ledger can make things very complicated, especially when there are lots of customers.
So, installing the ERP software or in other words, using tally can help businesses keep a track of cash transactions, tax filing, order management, payroll, and more.
Tally was very popularly accepted by shopping malls as initially, those were some of the very crowded outlets with thousands of transactions happening daily. Later, when the software became more popular, it found its application at hotels, restaurants, salons, etc.
However, each outlet or business has its way of using the software, but the fundamental features remain the same that is collecting, storing, and managing data. After more digital methods were introduced, and the retail industry expanded, the retail stores also started to manage their transactions with the software.
India has one of the largest retail industries worth more than $600 Billion, and with more expansion, the retail stores are adopting better methods to manage the store and business transactions properly.
One of the very examples of this is the popular incident from Saharanpur, where Vaibhav Agrawal, an IT graduate revamped his father’s family store to turn into a 5 crore business. So, the improving standards of the retail industry along with the technological advancements have led to the increased demand and popularity of tally as a business management and enterprise resource planning software.
Tally is used majorly in 6 major sectors that include:
These are the top 6 sectors in which the tally software is used very actively. Billing and Inventory is one of the main requirement in business that deals in retail or have an outlet selling some sort of product or services. In fact sales in also involved in such kind of business.
In the tally software, the inventory items are to be updated based on the quantity they’re available for sale, and upon every purchase of each item from the inventory, the software calculates the remaining number of items left in the inventory. Once the inventory is about to be empty, the store manager may easily refer to the software to see what all items are needed to be purchased again to refill the inventory.
Other than this, to the bill as well, then the software creates an invoice for every product scanned and calculates the amount to be paid.
Now, that we have new and different rules for GST the software does the part for you by filing the GST based on daily, weekly or monthly transactions and shows exactly how much GST of the total transactions has been filed. This helps the business owners to easily submit the taxes.
Other than just the retail and business operation, the tally software is heavily used in the banking industry as well for accounting and other purposes. Usually the banks, and at many other places, there is a need for maintaining the ledgers.
A ledger is a record of all the transactions, and using the tally software one may get a very organized and detailed representation of every transaction ever made to an organization. The software will not be doing all that on its own, therefore, it needs a professional who understands the software and updates it with necessary details about the software that later calculates every time a transaction is made.
A career in Tally: How Good or Bad It Is? What Is the Expected Salary?
As mentioned above about the technological advancements not just in the retail sector but in every other business that has an inventory, an outlet that deals with customers make transactions, gets orders, generates invoice and bills requires installing and using the tally software.
The tally software has a slightly different interface than that of a regular computer operating system and that is the reason, companies require professionals who understand the application and application of such software.
Often such professionals are required to attend to the customer at the billing counter and generate an invoice for all the purchases made. Usually, the tally operators are required to have good hands-on speed using the software.
Although the job opportunities are relatively less as compared to other professional skills, the salaries offered are quite good. Considering the roles and responsibilities of the tally operators the average salary range from anywhere between INR 10,000- INR 15,000.
People with good hold over the use of the tally software often find plenty of job opportunities abroad. Canada and Dubai happen to be among the countries that present the most opportunities to professionals with tally skills. The tally software is widely used in countries like Canada, Dubai, Qatar, etc.
Even if some countries might not be actively using tally, but once you learn tally, you’ll find it super easy to learn and understand the interface of any other application. Overall, the career as a tally operator is quite good.
Considering the present status of industries and business, and the expansion happening right now, it can be expected that the requirement for tally professionals will increase shortly. Since tally came quite late into the market and it is not part of the mainstream education, there are no particular eligibility criteria for tally operators except for the skills.
However, the candidates with the right set of skills along with an academic background in commerce are more preferable as compared to others. The candidates who have completed Diploma or Post Graduate courses in computer application are also very suitable candidates for the job.
The basic requirement for the job is to be able to carry out the tally operations very quickly as the billing counter is required to address the queue of customers waiting to get their purchases billed.
So, the candidate is required to have good hands on the software and along with that having relevant experience or knowledge about the kind of store, or outlet they’re aspiring to work for might be of some help. So, if you’re among people wondering if there is any career opportunity ahead in Tally, I would say there is.
However, the growth in such a career is quite slow and that is the reason, you’ll have to showcase your skills to be promoted to the position of a store manager or to get paid well. There is no age restriction, howsoever, the students after completing their higher secondary education are usually eligible to work as a tally operator.
Tally Course Details: Course Fees, Eligibility, and Description
Considering the perks of having a career as a tally operator, many people (mostly students) might be aspiring to become tally operators. In that case, as I have mentioned, the first and foremost requirement of having a career as a tally operator is that one needs to have the right set of skills.
Other than just skills, they’ll be required to have basic yet good communication skills and hands-on computer and tally operations of creating invoices and bill the purchases of customers instantly.
You might just be the perfect candidate for the job of a tally operator and therefore just to help you get a step closer to getting the job, it is highly suggested that you shall go for a tally course.
Yes, there are so many courses out there that provide complete hands-on training around using the tally software. To receive knowledge and training from the best course out there, you must know the tally course details to compare the ones that are best for you.
Here are some most interesting tally course details that you need to know before going for any courses:
Eligibility for pursuing a tally course: A majority of the students who look forward to learning tally are students. As mentioned, there is no definite age for learning tally, however, the students who have completed their higher secondary education are often considered as suitable for the job.
Just like there is no restriction about the age, there is no restriction about the academic background of the students. The students with commerce as their chosen subject in 12th are likely to be preferred for the job. The students with a basic diploma in computer application might also be the right fit for the job.
Course Duration: There are numerous types of courses and therefore depending upon the nature of the courses, the duration of the course also varies. The course duration can be anywhere between 30 days to 3 months. The syllabus is different in each type and the kind of training the students go through is also very different. The 3-month program is a diploma while the course for 30 days is a certification course and both the courses have some minute differences.
Course Fees: Learning the tally software isn’t going to cost you that much, and the course fees range anywhere between INR 3,000 to INR 10,000.
A tally course is basically an accounting software capable of organizing, streamlining, and managing data that it gathers from regular transactions. It is mostly used in the retail sector, however, the need for the use of tally is in pretty much every industry. The tally professionals can expect more number of opportunities and the salaries offered range between INR 10,000 – INR 15,000.
About the tally course details, the courses will take the students from very fundamental to core depth concepts of the tally. The courses mostly allow the students to have their hands on the software so that the students have a good hold over the use of that software.
The businesses mostly require professionals with knowledge about tally to address the customers at the billing counter. In recent years, there has been a surge in the opportunities for store managers abroad in countries like Canada and Dubai.
If you wish to have a career as a tally operator then go through the tally course details and understand the course structure. This will help you understand what exactly you can expect to learn from such a course. These were some lesser-known facts about tally and if you wish to know more, you may browse through the web for the same.
The least we can expect from the tally course details mentioned in this article is that the aspiring and curious audience will get a brief idea about what tally really means and if it is a skill they shall consider learning or not.