Tally Prime: A Complete Guide for Businesses and Professionals

Introduction

In today’s fast-paced business environment, managing finances, inventory, payroll, taxation, and compliance efficiently is crucial for the smooth operation of any organization. This is where Tally Prime steps in — a modern, powerful, yet simple-to-use business management software trusted by millions of businesses across India and beyond.

Developed by Tally Solutions Pvt. Ltd., Tally Prime is an advanced successor to Tally.ERP 9 and is designed to make day-to-day business operations easier, faster, and smarter. With its robust set of features, intuitive interface, and flexible customization options, it caters to small and medium enterprises (SMEs), retailers, manufacturers, and large corporations alike.

What is Tally Prime?

Tally Prime is an integrated business management software that helps in managing accounting, inventory, payroll, statutory compliance (GST, TDS, TCS), banking, and more from a single platform. It’s built to simplify complex business operations and decision-making by offering insightful reports and real-time financial analysis.

Launched in November 2020, Tally Prime comes with a modernized interface, improved navigation, and enhanced performance compared to its predecessor Tally.ERP 9.

Key Features of Tally Prime

Let’s explore the major features that make Tally Prime a preferred choice for businesses:

1. Simplified and Intuitive Interface

• New, modern look with better menu navigation
• Multi-tasking enabled: easily switch between tasks without losing data
• Easy-to-learn and use for accountants and non-accountants

2. Powerful Accounting Management

• Receipts, payments, sales, purchase, debit notes, credit notes
• Journal entries, contra entries, and bank reconciliation
• Flexible voucher entry system
• Automatic interest calculation
• Outstanding management with ageing analysis

3. Inventory Management

• Multiple godowns/stock locations
• Stock categories, groups, batches, and expiry dates
• Item-wise profitability analysis
• Reorder level settings
• Stock movement and valuation reports

4. GST Compliance

• GST invoicing and returns
• Auto-calculation of GST
• E-invoice generation and validation
• GSTR-1, GSTR-3B preparation
• GST audit report

5. Payroll Management

• Employee details management
• Salary structure creation
• Statutory deductions like EPF, ESI, and professional tax
• Payroll reports like salary register, payslips, attendance register

6. Banking and Taxation

• Cheque management and printing
• Bank reconciliation
• TDS/TCS computation and reports
• E-way bill management

7. Insightful Reporting

• Over 400+ built-in business reports
• Real-time business analysis
• Balance sheet, P&L account, cash flow, fund flow, stock summary, etc.
• Drill-down reporting for transaction-level insights

8. Data Security and Control

• User-wise access control and rights
• Company data encryption and backup
• Audit trail for tracking modifications

9. Remote Access and Multi-User Capability

• Remote access to business data anytime, anywhere
• Multi-user environment for larger businesses

10. Flexibility and Customization

• Custom fields and voucher types
• Integration with other business tools via APIs
• Add-ons and module-based features

Advantages of Using Tally Prime

• Time-saving and efficient
• GST-compliant invoicing and reporting
• Error-free financial data management
• Multi-user support for larger teams
• Supports multiple businesses within a single software
• Easy transition from Tally.ERP 9 to Tally Prime
• Highly secure data storage and access
• Affordable for small and medium businesses

Tally Prime Editions

Tally Prime is available in multiple editions to suit different business needs:

Edition	Usage
Tally Prime Silver	Single User (one PC at a time)
Tally Prime Gold	Multi-User (across a local network)
Tally Prime Auditor	Specially designed for Chartered Accountants and audit professionals

Tally Prime vs. Tally.ERP 9

Feature	Tally.ERP 9	Tally Prime
User Interface	Classic and complex	Modern and simplified
Multi-tasking	Limited	Seamless
Report Customization	Moderate	Advanced
Remote Access	Yes	Improved
GST and E-invoice features	Limited	Comprehensive
Data Navigation	Sequential	Instantly navigable
Data Security	Basic	Enhanced

Career Opportunities After Learning Tally Prime

Learning Tally Prime opens up several career opportunities in finance and accounting fields:

• Accounts Executive
• Junior Accountant
• Payroll Executive
• GST Consultant
• Tax Analyst
• Tally Data Entry Operator
• Audit Assistant
• Freelance Accounting Professional

Especially for students pursuing B.Com, M.Com, BBA, MBA (Finance) or working professionals in finance domains, Tally Prime is a highly valuable skill.

Who Should Learn Tally Prime?

• Business owners managing their accounts
• Accounting professionals and Chartered Accountants
• Tax consultants
• Freelancers handling GST and financial records
• Students aspiring for a career in finance and accounts

Tally Prime Training Modules

A typical Tally Prime course curriculum includes:

• Introduction to Tally Prime
• Company creation and management
• Accounting fundamentals in Tally
• Inventory management
• GST setup and returns
• Payroll and salary processing
• Banking and reconciliation
• Generating business reports
• Data security and backup
• Tally Prime add-ons and customization basics

Latest Updates in Tally Prime (as of 2025)

• Integrated E-invoicing and E-way bill compliance
• Enhanced support for GST audit trail
• New TCS under GST module
• Improved multi-currency transactions
• Cloud-ready access and online backup features

Conclusion

Tally Prime is more than just accounting software — it’s an all-in-one business management solution trusted by millions across various industries. With its user-friendly interface, extensive features, and compliance support, Tally Prime simplifies business operations and helps entrepreneurs make informed financial decisions.

Whether you’re a student, working professional, or business owner, mastering Tally Prime can enhance your productivity, improve business control, and open up numerous career opportunities.

FAQs

Q1. Is Tally Prime cloud-based?
Tally Prime is primarily desktop-based but offers remote access and can be hosted on cloud servers for anytime-anywhere access.

Q2. Can I upgrade from Tally.ERP 9 to Tally Prime?
Yes, you can easily migrate your existing Tally.ERP 9 data to Tally Prime without data loss.

Q3. Is Tally Prime difficult to learn?
No. It is designed for simplicity and ease of use, even for beginners with no accounting background.

Download Tally Prime

You can download a free trial or purchase a licensed version from the official website:
www.tallysolutions.com

Tally Prime Course Syllabus (Detailed)

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Module 1: Introduction to Tally Prime

• Overview of Tally Prime software
• Installation and activation of Tally Prime
• Company creation, alteration, and deletion
• Basic configurations and security controls
• Tally Prime interface and navigation

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Module 2: Accounting Fundamentals

• Accounting principles and concepts (brief theory)
• Ledger creation: groups and ledger types
• Voucher entry: payment, receipt, contra, journal
• Accounting vouchers in Tally Prime
• Recording and managing day-to-day transactions
• Petty cash management

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Module 3: Inventory Management

• Creation of stock groups, categories, and items
• Units of measurement
• Multiple godowns and stock locations
• Inventory vouchers: delivery note, receipt note, stock journal
• Batch-wise, lot-wise, and expiry date management
• Stock valuation methods
• Reorder levels and stock status reports

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Module 4: Banking Features

• Cheque management and printing
• Bank reconciliation statement (BRS)
• Deposit slips and payment advice
• Multi-currency transactions
• Post-dated cheques and deposit management

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Module 5: GST (Goods & Services Tax) in Tally Prime

• GST fundamentals and setup in Tally Prime
• Creating GST ledgers, stock items with tax rates
• GST-compliant purchase and sales entries
• GST payment and adjustments
• Generating GST returns: GSTR-1, GSTR-3B, GSTR-9
• E-invoice generation
• E-way bill generation and management
• GST audit report

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Module 6: TDS (Tax Deducted at Source) and TCS (Tax Collected at Source)

• TDS concepts and configuration in Tally Prime
• TDS deduction on payments and expenses
• TDS payment and reporting
• TCS collection, configuration, and reporting

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Module 7: Payroll Management

• Payroll setup and employee management
• Pay heads creation (salary, deductions, allowances)
• Employee groups and employee masters
• Salary structure and attendance configuration
• Generating salary sheets, payslips, and payroll reports
• EPF, ESI, and Professional Tax management

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Module 8: Job Costing and Manufacturing

• Job work out and job work in transactions
• Job costing configuration
• Bill of Materials (BoM) creation
• Manufacturing journal and stock transfer

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Module 9: Order Processing and Budgeting

• Sales order and purchase order creation
• Order processing with delivery and receipt notes
• Budget creation for groups and ledgers
• Budget variance analysis

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Module 10: MIS Reports and Analysis

• Profit and Loss Account
• Balance Sheet
• Cash Flow and Fund Flow statements
• Stock Summary and Inventory Reports
• Receivables and Payables management
• Trial Balance and Day Book
• Drill-down reports for transaction-level analysis
• Ratio analysis

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Module 11: Data Security and Backup

• Company data backup and restore
• Data migration from Tally.ERP 9 to Tally Prime
• User-level security controls
• Audit trail and change log monitoring

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Module 12: Tally Prime Customization and Add-Ons (Introductory)

• TDL (Tally Definition Language) basics
• Adding custom fields and voucher types
• Importing and exporting data
• API integrations overview

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Optional Advanced Topics (For Extended Courses)

• Multi-location inventory and stock transfers
• Multi-currency accounting
• Interest calculation (Simple and Compound)
• Credit limit and credit days management
• Cost Centres and Cost Category allocation
• Scenario Management (provisional and optional vouchers)
• GST Composition Scheme setup

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Course Duration

• Short Course: 20–30 hours (Basics + GST)
• Professional Course: 40–60 hours (Comprehensive including Payroll, TDS, MIS)
• Advance Diploma in Tally Prime: 80–100 hours (with practical projects and BoM/Manufacturing/Job Costing)

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Certification

Most institutes and online portals offer a certificate of completion after an online test or project submission.

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Who Should Take This Course?

• B.Com, M.Com, BBA, MBA (Finance) students
• Accountants and finance professionals
• Tax consultants
• Business owners and entrepreneurs
• Freelancers handling client accounts

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Tally Prime by Udaan Institute, Ahmedabad — Tally Prime Course Overview

Institute Overview

• Name: Udaan Institute of Information & Technology (UIIT) – Narol branch, Ahmedabad
• Address: 404, Bhagirath Icon Court, Narol Gam, Ahmedabad, Gujarat 382405
• Contact Number: +91 99090 81555
• Working Hours: Open daily from 8:00 AM to 9:00 PM
• The institute has been highly rated by students for its quality teaching, infrastructure, and practical training environment.

Tally Prime Course Features

• Course Duration: Approximately 3 months, covering beginner to advanced level topics.
• Mode of Learning: Available in both offline (classroom-based) and online modes.
• Curriculum Highlights:
  • Complete accounting functionalities
  • GST, TDS, and income tax return (ITR) processing
  • Inventory management, payroll, cost centers, and bank reconciliation
  • Budgeting, Bill of Materials (BoM), E-way bill, and E-invoice setup
  • Advanced management reports and analysis
• Additional Benefits:
  • Chartered Accountant–guided training integrated within the course
  • 100% job assistance and placement support after course completion
  • Government-recognized certification awarded

Tally Prime Course Syllabus at Udaan Institute

1. Basics and Software Setup

• Introduction to Tally Prime
• Installation, activation, and licensing
• Company creation and basic configurations

2. Accounting Vouchers and Transactions

• Recording payment, receipt, sales, purchase, contra, journal vouchers
• Bill-wise and outstanding management
• Petty cash book and adjustments

3. Inventory and Stock Management

• Creation of stock groups, items, and categories
• Multiple godown management
• Stock valuation and stock transfer transactions
• Bill of Materials (BoM) setup and usage

4. Banking Operations

• Cheque management and printing
• Bank reconciliation statement (BRS)
• Handling multi-currency transactions
• Post-dated cheques and deposit advice

5. GST and Statutory Compliance

• GST setup and ledger configuration
• GST-compliant purchase and sales invoicing
• Filing of GSTR-1, GSTR-3B, GSTR-9 within Tally Prime
• E-invoice generation and E-way bill creation
• TDS, TCS, and ITR reporting

6. Payroll Management

• Employee records and pay head creation
• Attendance management
• Salary structure and payslip generation
• PF, ESI, and Professional Tax setup

7. Advanced Features and Business Management

• Job costing and manufacturing journals
• Order processing (purchase and sales orders)
• Budget creation and variance analysis
• Cost centres and cost categories
• Interest calculation and credit control

8. Management Information System (MIS) Reports

• Profit & Loss Account
• Balance Sheet
• Cash flow and fund flow statements
• Receivables and payables management
• Stock summary and drill-down reporting
• Ratio analysis

9. Data Security and Backup

• Data backup and restoration
• User security management
• Audit trail and data change log

Student Feedback

The institute has consistently received positive feedback from students for:

• Excellent teaching quality and clarity of concepts
• Well-equipped computer labs and practical sessions
• Professional and supportive trainers
• Clean and comfortable learning environment
• Strong job placement assistance, with students securing roles in accounting firms and CA offices

Summary Table

Feature	Details
Course Mode	Offline (classroom) and Online
Duration	Approximately 3 months
Curriculum	Accounting, GST, TDS, ITR, Payroll, Inventory, Reports, MIS
Certification	Government-recognized certificate provided
Placement Support	100% job assistance and placement tie-ups
Batch Timing Options	Weekday and weekend classes available
Student Satisfaction	Consistently high reviews for teaching, infrastructure, and results

How to Proceed

• Visit the institute to attend a free demo class
• Confirm available batch timings (weekday or weekend)
• Request a detailed syllabus or course brochure
• Inquire about their placement tie-ups and recent placement records

Conclusion

Udaan Institute of Information Technology (Narol, Ahmedabad) is one of the city’s most recommended options for a complete Tally Prime training program. It offers a detailed, hands-on curriculum with additional placement assistance and a government-approved certificate. If you’re looking to build a career in accounts or GST-compliance-related roles, their course is a reliable and professionally structured option.

Online Tally Course from Udaan Institute of Information Technology

Udaan Institute of Information Technology provides online learning portal for tally prime course. You can learn and get certified from anywhere. If you want to learn tally prime course online visit www.uiitonline.com .