Accounting in TallyPrime is the foundation of managing business finances accurately and efficiently. This beginner-friendly guide helps you understand basic accounting concepts, practical entries, and real-world accounting processes using TallyPrime software.
Whether you are a student, fresher, job seeker, or business owner, learning accounting in TallyPrime is the first step toward a successful career in accounts and finance.
Before entering data, you must master the core pillars of accounting.
REAL ACCOUNT
Debit What Comes In
Credit What Goes Out
PERSONAL ACCOUNT
Debit The Receiver
Credit The Giver
NOMINAL ACCOUNT
Debit Expenses
Credit Incomes
Setup financial year, select currency, enable GST/TDS features, and configure company details.
Create Cash, Bank, Sales, Purchase, and Expense ledgers to categorize transactions correctly.
Record transactions using specific vouchers: Contra (F4), Payment (F5), Receipt (F6), Sales (F8), and Purchase (F9).
Generate Balance Sheets, Profit & Loss accounts, and Day Books to analyze business health.