1. What is Tally?
Tally is a popular accounting software used in shops, offices, companies and CA firms to record all financial transactions.
In Tally, we can record:
- Sales and purchase bills
- Cash and bank entries
- Payment and receipt entries
- Journal and contra vouchers
From these entries, Tally can automatically generate reports like ledger, trial balance, profit & loss and balance sheet.
2. What is GST in simple language?
GST stands for Goods and Services Tax. It is a tax that is added on the value of goods and services in India.
Important simple points:
- GST is collected on sales and paid on purchases.
- There are different GST rates (for example 5%, 12%, 18% etc.).
- Businesses with GST registration have to file GST returns regularly.
In accounting, we need to keep proper record of GST on sales and purchases so that returns can be filed correctly.
3. Why Tally + GST together?
In actual office work, accounting and GST are not separate. Daily entries in Tally include GST details, and Tally helps in preparing data for GST returns.
That is why many institutes teach Tally + GST together as a practical course, so that students understand both recording and reporting.
4. Main topics in a Tally + GST course
Syllabus can be slightly different from place to place, but commonly a Tally + GST course covers these areas:
4.1 Basics of accounting and Tally
- Golden rules of accounting (debit and credit)
- Company creation in Tally
- Creating ledgers and groups
4.2 Inventory management
- Stock items and stock groups
- Units of measure
- Simple stock management through vouchers
4.3 Voucher entries
- Sales and purchase vouchers
- Payment and receipt vouchers
- Contra and journal vouchers
4.4 GST in Tally
- Activating GST in Tally
- Creating GST ledgers
- Entering GST details in stock items and ledgers
- Recording GST based sales and purchase bills
4.5 GST related reports (basic level)
- Checking tax summary and outward/inward supplies
- Exporting reports for return preparation (conceptual idea)
5. Who should learn Tally + GST?
- Commerce stream students
- Graduates who want office or accounts related work
- People helping in shops, showrooms or small businesses
- Anyone interested in learning computerised accounting
Basic knowledge of accounting terms (like debit, credit, purchase, sales, assets, liabilities) is helpful while learning this course.
6. Practical work examples
In real life, Tally + GST is used for many daily tasks. Some examples are:
- Recording daily sales of a shop with GST.
- Maintaining purchase register for a business.
- Managing customer and supplier ledgers.
- Tracking stock with quantity and value.
- Checking monthly profit or loss through reports.
While practicing, students should try to enter complete data of a small sample business โ including opening balance, sales, purchases, expenses and GST โ so that they understand the full flow.