Tally Interview Questions and Answers for 2025

The money that remains after subtracting the cost of items sold from revenue is known as gross profit. At the same time, net profit is the amount reflected after calculating all the business expenses.  

The majority of non-profit organizations, trusts, and other organizations use this feature. 

There is this option on Tally to do it. By simply pressing F11 and setting "Use Income and Expenditure A/c instead of Profit and Loss A/c" to Yes, a user can quickly switch between the Income and Expenditure Statement and the Profit and Loss A/c in Tally. Moreover, the report menu is modified accordingly. 

As a virtual accountant, I can help businesses in various ways. I can assist in the following ways: 

1. As a virtual accountant, I come with knowledge and resources on numerous accounting and financial topics. I can give be helpful in managing and complying with accounting principles, financial statements, tax regulations, and other related subjects.  
2. I can help with various accounting procedures and duties, including account setup, financial statement preparation, tax calculation, and more. I can also help with jobs involving particular software, like Tally ERP 9. 
3. I can help firms understand their financial performance and pinpoint development opportunities using my accounting and financial analysis expertise. I can assist organizations in making wise decisions by offering insights and suggestions based on data analysis. 

People can advance their skills conveniently and flexibly by taking online Tally courses. In online Tally courses, there are several things that can speed up learning, including: 

1. Online Tally classes often let students learn at their own pace, which is one of their benefits. This implies that students can progress through the content at their own pace, according to their particular learning preferences. This can be especially useful for students who need to balance their studies with other responsibilities or who want to learn rapidly. 
2. Many online Tally courses have interactive components, such as quizzes, exercises, and simulations, which can encourage students to connect with the content and use what they are learning in real-world situations. Students may learn more quickly due to this, which can also improve learning and retention. 
3. Online Tally classes frequently give students access to various tools, including video lectures, texts, and practice materials, which can increase their comprehension of the subject and speed up learning. 
4. Students can access the information whenever and from any location with an online Tally course. Enabling them to take advantage of small windows of opportunity throughout the day or week can make it simpler for students to arrange their studies around their other obligations and speed up learning. 

In a nutshell, online Tally courses can enable quicker learning for motivated and self-directed learners. 

I have a lot of knowledge and information about many subjects, including tally accounting. Tally accounting is a widely used software for managing financial transactions and business operations. 

It provides features for manufacturing, human resources, sales and distribution, purchasing and procurement, financial management, inventory management, accounting, and more. 

With my knowledge and resources on the topic, I can give be helpful in managing and complying with accounting principles, financial statements, tax regulations, and other related subjects. 

Overall, I believe in my ability to help with activities involving this program and deliver accurate and trustworthy information on tally accounting.

Rent, utilities, insurance, and other non-production expenditures are examples of overhead expenses, which are the indirect costs associated with operating a company. Tally can be used in a variety of ways to monitor and control overhead costs for your business, including: 

• You must set up accounts in Tally to track each form of overhead expenditure in order to keep track of them. You must enter each overhead transaction into Tally to track your overhead costs precisely. For instance, create distinct accounts for rent, utilities, insurance, and other overhead costs. 
• You may track and examine your overhead costs with the help of the variety of financial reports Tally offers. For example, you can utilize the expense ledger to view the specifics of each overhead charge and the profit and loss statement to view the entire cost of your overhead expenses. 
• You may track your overhead costs in real time and see any possible problems or patterns with Tally's budgeting and forecasting features. Using these capabilities, you may compare your actual spending to your budgeted expenses for each overhead item. 
• Using Tally's analysis tools, you may find strategies to cut or maximize your overhead costs. For instance, you can use Tally to track your spending over time and identify areas where you can negotiate better terms or find more cost-effective suppliers. 

A crucial component of financial management is ensuring data integrity, which helps organizations safeguard the accuracy and dependability of their financial data. You can follow these measures to ensure data integrity: 

1. When handling financial data, it's crucial to adhere to best practices to guarantee data integrity. This could entail performing frequent account reconciliations, ensuring all data is backed up, and ensuring all transactions are appropriately recorded. 
2. To assist you in protecting your corporate data, Tally offers a variety of security measures. For instance, you may use Tally's password protection tool to restrict access to your financial information. You can use the audit trail feature to trace changes to your financial information and spot any possible problems. 
3. It's critical to periodically upgrade your Tally software to the most recent version to guarantee the security of your corporate data. New updates can come with security upgrades and bug fixes that help keep your data safe. 
4. You can use Tally's encryption tools to transform your data into an encrypted version that can only be accessed with a strong password to further protect your company's data. This can assist in preventing unauthorized access to or tampering with your data. 

Following best practices and using Tally's security features, you can rest assured of data integrity and protect important corporate data. 

Working with other software and ERP systems has been an incredibly rewarding experience. I've been able to develop a deep understanding of the many features and capabilities of these systems and how they can be used to streamline complex business processes.  

In particular, I've been able to develop expertise in integrating different systems, allowing them to communicate and share data seamlessly.  

I've also had the opportunity to use more advanced features, such as automation and predictive analytics, to help businesses become more data-driven and efficient.  

It's been a great learning experience, and I'm looking forward to continuing to build my skills and knowledge in this field.

Working with tax laws has been an interesting experience, to say the least. While the laws are complex, I have found that by taking the time to properly research and understand them, I can successfully navigate them.  

I have also taken advantage of online resources such as tax software and online tutorials that have helped me understand the basics so I can proceed confidently when dealing with tax laws.  

Additionally, I have found that by asking questions to knowledgeable tax professionals and researching industry best practices, I can gain a more comprehensive understanding of the ever-changing tax laws.

This is a frequently asked question that often comes in the tally of job interview questions and answers. Businesses can use Tally to understand their consumers better, spot growth possibilities, and enhance sales. They can use the following methods to manage sales and client interactions: 

1. You must create customer accounts in Tally in order to keep track of sales and client interactions. It would hold data on your clients, such as their contact information, purchasing history, and any unique preferences or requirements. 
2. You must enter each sales transaction in the form of invoices, receipts, and other supporting documents into Tally in order to keep track of your sales. Moreover, you can track and evaluate your sales and customer data with the help of the various sales and customer reports that Tally offers. 
3. You can track client interactions, including phone calls, emails, and other kinds of communication, with the help of Tally's customer service team. It can help you keep track of customer inquiries, grievances, and feedback, as well as find ways to enhance your customer service. 
4. You can find possibilities to strengthen your sales and customer management efforts by using Tally's analysis capabilities. The client data in the software can be used to spot trends or patterns that could aid in your understanding of your target market.

Let me answer with an example.  

Taking an example wherein, considering myself as an owner of a small retail shop where I will be keeping track of sales and expenses using Tally.  

You discover that sales primarily occur at one store location while being substantially lower at other sites. Additionally, you observe that shoe sales tend to be stronger on particular days of the week and peak at specific periods of the year. 

The next step is to examine your clients' purchase behaviors using Tally's customer data. You see that younger customers are buying shoes more frequently. You also see that the shoes are often bought as presents for other people. 

This information can lead you to believe that the shoes are more popular among younger customers and are being bought as gifts. With this knowledge, you may decide how to promote the shoes to younger customers or where to focus your marketing efforts, such as at shop locations and seasons when sales are normally greater. 

This is how you utilize Tally to find patterns or trends to help you better understand your company and make decisions that will enhance your performance.

The following requirements must be met in order to connect to Tally ERP 9 remotely: 

1. You must own a Tally ERP 9 license. 
2. Depending on your needs, this might be either a single-user or multi-user license. 
3. Tally ERP 9 can be accessed remotely using various methods, including the Virtual Private Network (VPN), Remote Desktop Protocol (RDP), and cloud-based remote access solutions. Each technique has specific needs regarding network connectivity, software and hardware setups, and security procedures. 
4. You will need an internet connection and a computer or device running a compatible operating system to connect remotely to Tally ERP 9. 
5. You must have access to the remote Tally ERP 9 server via an RDP connection, a VPN, or a cloud-based access solution to connect to Tally ERP 9 remotely.

Tally ERP 9 has several options for encrypting data, which can help protect sensitive business information from hacking or unauthorized access. In Tally ERP 9, you can use the following features to transform data into encrypted form: 

• Data encryption: It is possible with Tally ERP 9 using industry-recognized methods like AES (Advanced Encryption Standard). This can prevent unauthorized people from accessing or reading data. 
• Password protection: Tally ERP 9 enables you to create passwords for specific individuals or groups of users and individual data files or collections of files. This may aid in limiting unauthorized access to private information. 
• Access controls: With Tally ERP 9, you can set permissions for various users or groups of users to restrict their access to particular features or data. This way, sensitive data may be protected from unwanted access or modification. 
• Data backup and recovery: Having a reliable recovery strategy and routinely backing up your Tally ERP 9 data can help you guard against losing data due to hardware or software failures, malicious attacks, or other disasters. 

This way, the above features can ensure the security and integrity of your Tally ERP 9 data and protect your business from potential risks. 

Tally ERP 9's default balance sheet setup is made to give a snapshot of a company's financial situation at a particular moment in time. It lists the company's assets, liabilities, and equity and the associated balances for each. 

Liabilities and assets make up the two primary components of the balance sheet. The resources portion of the report includes the company's assets, such as cash, accounts receivable, inventories, and fixed assets. Equity comprises a business's ownership interests, such as common stock, retained earnings, and dividends.  

On the other hand, the section on liabilities includes loans, taxes, and accounts payable, along with the associated balances.  

You can alter the balance sheet in Tally ERP 9 to suit your company's particular requirements. You can do this by adding or eliminating accounts, changing account names or balances, and organizing accounts in various ways. The financial analysis and reporting features in Tally ERP 9 can also be used to examine and interpret the information in the balance sheet.

Customized data and settings must be transferred from Tally 7.2 to Tally 8.1 to migrate TCP (Tally Customization Pack) from Tally 7.2 to Tally 8.1. To migrate TCP from Tally 7.2 to Tally 8.1, you can use the below procedure: 

1. Backup your data: It's crucial to perform a data backup before converting your TCP from Tally 7.2 to Tally 8.1 to guard against data loss. You can utilize Tally's built-in backup and restoration options to build a backup of your data. 
2. Install Tally 8.1: Ensure Tally 8.1 is set up on your computer. If you still need to get Tally 8.1, you can get it from your Tally reseller or the Tally website. 
3. Import your TCP from Tally 7.2: After installing Tally 8.1, you can import your TCP from Tally 7.2. Select the "Import of Data" option from the Gateway of Tally menu to do this. Choose the TCP file from Tally 7.2, then import it into Tally 8.1 by following the on-screen directions. 
4. Test and confirm the migration: It's crucial to ensure that the data and settings have been appropriately moved to Tally 8.1 after importing your TCP from Tally 7.2. Running reports, testing features, and looking for mistakes or other problems are examples of this. 
5. Train users: If Tally 8.1 contains substantial modifications or new features, it might be required to train users on how to utilize them. By doing this, you can ensure that everyone knows the latest version and how to use it efficiently. 

Businesses can better comprehend and analyze their financial and operational data using the tools and features that Tally offers for advanced data analysis and reporting. Here are a few ways to use Tally for advanced data analysis and reporting: 

1. Use customizable financial reports: Tally offers several financial reports, including profit and loss statements, balance sheets, and cash flow statements, that can be altered to suit the unique requirements of your company. To better understand your financial performance, you can filter, group, and pivot the data in these reports.
2. Use business intelligence and data analysis tools: Tally's business intelligence and data analysis tools analyze and visualize data from various sources, including sales, marketing, and operations. These tools allow you to make interactive graphs, charts, and dashboards that can aid in your understanding of the data.
3. Use budgeting and forecasting: Tally's budgeting and forecasting tools enable you to build and evaluate budget scenarios and predict future performance using different hypotheses. This can help in the decision-making process regarding pricing, resource allocation, and other strategic issues.
4. Use data export and integration: Tally lets you export data in several different forms, including CSV, TXT, and XML, which may be used for additional analysis and reporting in other programs like Excel or Power BI. You can combine Tally with other business systems and apps to share and analyze data within your organization.

This way, utilizing Tally's advanced data analysis and reporting tools, you may learn a lot about your company's success and make informed data-driven decisions.

We can refresh static component of deployed application using Weblogic. Deployer can be defined with a specify component and target a server through the following syntax:

java web logic. Deployer -admin url http://admin:7001 -name appname -targets server1, server2 -deploy jsps/*.jsp 

A crucial component of financial management is ensuring data integrity, which helps organizations safeguard the accuracy and dependability of their financial data. You can follow these measures to ensure data integrity: 

1. When handling financial data, it's crucial to adhere to best practices to guarantee data integrity. This could entail performing frequent account reconciliations, ensuring all data is backed up, and ensuring all transactions are appropriately recorded. 
2. To assist you in protecting your corporate data, Tally offers a variety of security measures. For instance, you may use Tally's password protection tool to restrict access to your financial information. You can use the audit trail feature to trace changes to your financial information and spot any possible problems. 
3. It's critical to periodically upgrade your Tally software to the most recent version to guarantee the security of your corporate data. New updates can come with security upgrades and bug fixes that help keep your data safe. 
4. You can use Tally's encryption tools to transform your data into an encrypted version that can only be accessed with a strong password to further protect your company's data. This can assist in preventing unauthorized access to or tampering with your data. 

Following best practices and using Tally's security features, you can rest assured of data integrity and protect important corporate data.

The Audit Feature in Tally ERP 9 offers various benefits to users, such as improved audit efficiency by reducing time, effort and cost; the ability to recognize anomalies in transactions and give insight into trends of transactions over time; ability to quickly identify discrepancies in the balances and rectify any issues right away; ability to compare this year's statistics to prior years to uncover inconsistencies; ability to physically inspect and validate data using vouchers; enhanced sales and cost potential; and access to monthly training, diagnostic session, and setup of remote access feature to conduct client audits with ease.

Data entry in Tally ERP 9 is the process of entering business data into the Tally software.

This process includes creating accounting masters such as groups, ledgers, voucher types, inventory masters such as stock groups, stock categories, units of measurement, bills of materials, stock journals, warehouses/godowns, batches and expiry dates.

It also involves entering accounting vouchers such as payment/receipt/contra/journal/sales/purchase/debit note/

Creating stock item-wise reports in Tally can be done in several ways. The simplest method is to go to the Reports section of Tally and select the Stock Summary report. This report contains a summary of the current stock in Tally and can be filtered by stock item.  

Alternatively, you can generate an Inventory Voucher report, which specifically focuses on just one stock item. This report can be filtered to show only the stock item you are interested in, and it will display the opening balance, purchases, sales, and any other transactions that have impacted the stock item.  

Another option is to create a detailed Stock Item Ledger. This report can be used to track the movement of stock items from the purchase or manufacturing stage through to the sales or delivery stage. This report will show a detailed breakdown of the exact quantity of the stock item at any given time.  

Finally, you can create a Stock Item Ageing report. This report is useful for evaluating the shelf life of certain stock items, as it will show the age of the stock items at any given time. This report can be used to identify which stock items are aged and thus should be used first. 

Tally's tax configurations allow you to comply with local tax laws and regulations with ease. You can set up the necessary tax types, tax slabs, and exemptions in a few simple steps.  

For example, in India, the Goods and Services Tax (GST) is applicable at different rates depending on the product or service being provided.

The GST rate in India ranges from 0% to 28%, depending on the type of product or service. Tally's tax configuration allows businesses to set up the GST rate and exemptions so that the correct taxes can be levied on the goods and services being provided.

Multi-language support is a feature that allows users to switch between different languages within an application. This is particularly useful for businesses or organizations that have multiple locations, customers, or employees who speak different languages.

The process of enabling multi-language support in Tally ERP 9 is relatively straightforward. First, you'll need to open the "Multi-Lingual Features" option from the "F11: Features" menu. Next, you'll need to select the "Activate Multi-Lingual" option, which will allow you to select the language that you want to add to Tally ERP 9. Once you've chosen a language, you'll be presented with all the available language packs, which you can then add with a simple click. Once all the language packs have been added, you can easily switch between them within the same application.

Tally ERP 9 provides various security controls to protect the data from unauthorized access. These are: 

Access Control 

This type of security control allows the user to specify certain access rights for specific users. This helps to restrict access to certain areas to certain users. For example, only the administrator can access the configuration settings. 

Password Protection 

This security control allows users to set passwords for their data files. It encrypts the data files and prevents them from being read by unauthorized personnel. 

User Level Security 

This control allows the users to specify different levels of access for each user. This helps to prevent users from accessing data that they are not authorized to access. 

Encryption 

Tally ERP 9 offers data encryption to protect confidential data from unauthorized access. It uses strong encryption algorithms to protect the data from hacking. 

Audit Logs 

This security control helps to track all activities performed by the users. It helps to ensure that users are performing their duties as per their roles and responsibilities.

Tally ERP 9's Multi-Instance feature allows one version of the software to be run on multiple computers with different usernames and passwords. This allows for a more efficient way of managing multiple users and departments within the same organization. 

The Multi-Instance feature is especially useful for handling multiple companies within the same software. For example, a larger organization may have multiple subsidiaries with different accounting requirements. In this case, they can use the Multi-Instance feature to manage the different companies using different usernames and passwords while still keeping the data in one place. 

In addition, the Multi-Instance feature also allows for multiple users of the same company to be managed in the same console, making it easier to track their transactions and activities. This allows for better collaboration, as well as ensures that all of the team members are on the same page. 

1. Tally ERP 9 allows users to email reports via SMTP (Simple Mail Transfer Protocol) settings.  
2. To enable this feature, open the Company Info menu, select the F11: Features option, and then go to the Printing/E-mailing tab. Here, you can enable the E-mailing option, enter the SMTP details, provide a default email address, set the default subject and body, and save the settings. 
3. Once the settings have been saved, users can email reports by going to the Print feature of the required report and selecting the ‘E-mail’ option instead of printing.  
4. They will need to provide an email address and the attachment format for the report. The email will be sent with the selected settings, and the user will be able to see a confirmation window upon successful delivery. 

A common question in tally interview questions and answers for experienced, don't miss this one. How do you ensure accuracy in Tally data entry? 

Accuracy in data entry is critical to any business, especially in financial services, where even small mistakes can be costly.

Tally data entry requires meticulous attention to detail and precision. To ensure accuracy, Tally data entry is supervised by experienced data entry professionals who review each entry to ensure accuracy.

The data entry professionals also use specialized software to detect errors and inconsistencies in the data. Furthermore, data entry processes are regularly audited and monitored to ensure the accuracy and reliability of the data.

Tally ERP 9 is a business management tool that offers a variety of features and upgrades to support businesses in streamlining operations, increasing productivity, and making smarter decisions. Below are some of the helpful improvements in Tally ERP 9: 

• Tally ERP 9 offers sophisticated accounting and financial management tools, including real-time financial reporting, budgeting and forecasting, and cash flow management, to assist companies in better understanding and managing their financial performance. 
• To assist companies in optimizing their inventory and cutting expenses, Tally ERP 9 has capabilities for managing warehouses and inventory, such as tracking stock levels, establishing reorder points, and creating reports. 
• It assists organizations in enhancing their sales operations and customer satisfaction; Tally ERP 9 offers capabilities for managing sales and distribution, including creating invoices, order tracking, and customer relationship management. 
• Tally ERP 9 contains capabilities for managing purchases and procurement, including creating and tracking purchase orders, maintaining vendor relationships, and analyzing supplier performance. 
• Tally ERP 9 offers solutions for managing manufacturing and production, such as tracking materials and resources, scheduling presentations, analyzing production efficiency and boosting profitability.

Below are some of the alternate ways to recover the last line that was deleted in Tally ERP 9: 

1. Utilize the "Undo" option: Tally ERP 9 has an " Undo " feature that enables you to reverse the last action you took in the program. By pressing Ctrl + Z on your keyboard or choosing the "Undo" option from the "Edit" menu, you can undo an accidental deletion of a line and restore it. 
2. Use the "Restore" feature: Tally ERP 9's "Restore" feature enables you to restore a prior version of a data file from a backup. You can restore the deleted line if you have a backup of your data file that still contains it. Go to the Gateway of Tally menu and choose the "Restore" option to use the "Restore" feature. 
3. Use data recovery software: If none of the above approaches proves successful, you can recover the erased line using data recovery software. There are numerous data recovery applications that can scan your Tally ERP 9 data files and recover erased lines and other data. 

The last line erased in Tally ERP 9 might be recoverable using these alternative techniques. Nevertheless, it is always a good idea to periodically back up your data to guard against data loss and reduce the likelihood that data recovery would be required. 

The Cost Centres feature in Tally allows you to analyze and report costs related to a specific part of your business or a particular activity, such as sales, marketing, production, and other activities. You can create cost centers for each business unit, product line, or specific activity to track costs more accurately. This feature is beneficial in making strategic business decisions and helping you to manage your finances more efficiently.

The Tally Scheduler feature allows you to automate tasks in Tally.ERP 9. With the Scheduler, you can schedule tasks such as printing reports, sending emails, exporting data, and more. You can also set recurring tasks so they have performed automatically at a specified time or interval. The Scheduler helps you to save time by automating repetitive tasks and freeing up resources for more important tasks.

To use the Multi-Currency feature in Tally, first enable the feature by going to Gateway of Tally > F11: Accounting Features and setting ‘Allow Multi-Currency’ to ‘Yes’. Then create currencies and specify the rate of exchange for each currency. Finally, when entering voucher entries, select the currency and enter the rate of exchange. The Multi-Currency feature also allows you to adjust Forex Gain/Loss to generate an accurate Profit/Loss account statement.