Tracking, recording, analysing, and reporting everyday operations and financial aspects of a business is very essential for mindful investment, profit generation, and expenditure. Tally is a technologically-driven advanced accounting tool that helps many organizations manage different operations, maintain accounting data, avoid loss, omission, or repetition of data, and transfer or present the data coherently whenever required.
Tally can help one equip with many relevant skills which are required for banking, bookkeeping, inventory management, billing and taxation, purchase and sale management, and so on. Knowledge of Tally can be of huge help to individuals they can change their area of work or department, land lucrative opportunities as a fresher, change their career path, and can also manage their own business professioally.
- Billing executive
Billing involves the creation, management, and issuing of receipts and invoices to internal or external stakeholders of the business. Businesses usually handles many different existing and new clients at tight deadlines and require proof of all the payments made or received to enhance their professional relationships which can assist in profit or loss calculations.
Tally is mainly used by billing executives to avoid manual data entry, ensure accurate figures, and eliminate errors while preparing receipts and invoices. It helps in creating new invoices, adding, searching, and summarising customer records, converting different currencies, and credit card processing. This tool also include many different features like financial calendars, database and records management, hours tracking, reminders, and reporting options that make billing much easier.
2. Tally Freelancers
Freelancing in Tally can be called as a new-age dynamic career opportunity for experts who wish to be associated with different organisations instead of imparting their services to one. Freelancers can work for different clients and earn individually based on every service or installation they do.
They work for 2-5 hours a day, Tally experts work on basic bookkeeping and accounting functions, provide daily work reports, create and provide GST reports, pay TDS, make receivable and payable statements, and bank reconciliation statements. Tally experts are one who can provide services on a contractual or consultation basis to mid-size or large organisations. They can also work as trainers for corporate clients if they want.
Individuals with a flair and passion for teaching and a love for tally could combine their skills and provide education to young learners which can take their expertise a step further.
3. Inventory manager
Inventory management involves tracking, controlling, and managing the movement, stocking, usage, order processing, and manufacturing of inventory. Inventory usually contains raw products, goods which are work-in-progress, and final products which differ from industry to industry.
Tally provides inventory managers to ensure a sufficient supply of the right materials at the right time, avoid overstocking or understocking, which can reduce the handling costs. This software simplifies the stock management, helps in location or warehouse management, manufacturing, organising the inventory batch-wise and lot-wise, making accurate reports, managing the costs from other parties, making and delivering online business reports accurately.
Accountancy is the process of recording, managing, and reporting the financial activities of a business. Accounting starts right after when bookkeeping ends and helps businesses understand their status, profit and loss made during a certain period, and their financial results.
Usage of Tally software for accounting improves its accuracy and efficiency upto a certain level, prevents mistakes and promotes the utilisation of time for valuable administration, strategy building, and execution-related functions. The software allows multi-user access, automation, online support, data security, is affordable, and is scalable which helps in easing accountancy processes.