TallyPrime is business management and accounting software that can be used to maintain accounting records, inventory information, taxation-related data, payroll information, and various business reports. It provides tools that help businesses record transactions and generate reports from the information entered into the system.
TallyPrime organizes business information into company data. A company contains accounting masters, transactions, inventory information, and reports according to the features enabled and information maintained by the user.
Masters contain information that is used repeatedly during accounting operations. Examples include ledgers, groups, stock items, units, employees, and other records required by the business.
Vouchers are used to record business transactions. Common examples include sales, purchase, payment, receipt, contra, and journal vouchers.
TallyPrime generates reports from the transactions recorded in the company. These reports can help users review ledger balances, financial performance, outstanding amounts, inventory information, and other business data.
Learners should become familiar with moving between company information, masters, vouchers, and reports. Learning commonly used keyboard shortcuts can also improve data-entry efficiency.
Learners will understand the basic structure of TallyPrime and the relationship between companies, masters, vouchers, transactions, and reports.