Accountant using Tally leverages the popular Indian accounting software (TallyPrime, Tally.ERP 9) for digital bookkeeping, recording financial transactions (sales, purchases, expenses), managing GST/TDS compliance, generating financial reports (P&L, Balance Sheet), reconciling bank statements, and handling payroll, making it a crucial skill for small to medium businesses in India. Essentially, it's about applying accounting principles within the Tally software for efficient business financial management.
What an Accountant Does in Tally:
Data Entry: Recording daily transactions (vouchers, invoices) for sales, purchases, receipts, payments.
Masters Creation: Setting up ledgers (Bank, Party, Expenses, Income), Cost Centres, Employees.
Statutory Compliance: Filing GST, TDS returns, generating E-invoices, and E-way bills.
Reporting: Generating Trial Balance, Profit & Loss, Balance Sheet, Cash Flow.
Bank Reconciliation: Matching bank statements with Tally records.
Inventory Management: Tracking stock levels and movements.
Payroll: Managing salaries, deductions, and payslips.