Tally Prime is a popular accounting software used by all kinds of businesses. It helps users manage financial information quickly and easily. One of its best features is the ability to create custom reports, which helps business owners, accountants, and managers better understand their finances.
In this blog, we are going to learn how to create customised reports in Tally Prime and how you can utilise this wonderful feature of Tally Software. If you are a student or professional wanting to improve your skills, we will also show you how Tally reporting tools are incorporated in reputed accounting courses in Manjeri and across Kerala.
What are Customised Reports in Tally Prime?
Custom reports are reports that have been customised to the requirements of a business. Tally Prime can provide many helpful standard reports, including but not limited to the balance sheet, profit and loss statement, stock summary, and GST reports. However, you may find that you want a more detailed or personalised report. That is where customisation can help.
With customised reports, you can:
- Select which data to show
- Record and filter records to your specifications
- Sort and organise the data into formats you like
- Save time by only looking at the information that matters.
Why Use Tally Reporting Tools?
Tally reporting tools facilitate business performance analysis. The reporting tools simplify report generation to suit the organisation’s requirements, whether you need a report on monthly expenses, outstanding receivables, sales trends, etc., you should be able to make decisions quickly.
Some benefits of Tally reporting tools:
- Greater accuracy in decision-making thanks to a real-time view of data
- Easy customisation for any industry
- Saves time in report generation vs. the manual process
- Reports can be more accurate and more professionally looking
If you understand the workings of these tools, you can be an asset to any company in its accounting department.
steps to Create Customized Reports in Tally Prime
Process for Developing Personalised Reports in Tally Prime. Below are the detailed procedures for customised reporting.
Process 1: Launch Tally Prime and Open Your Company
Start by opening Tally Prime and selecting the company you want to work with.
Process 2: Leveraging the Go To Feature
At the top of the screen, use the Go To feature. Just type in the customised report you want to view, such as “Ledger Voucher” or “Stock Summary.”
Process 3: Tap F12 for Configuration
With your report open, tap F12 to display configuration settings. You can add/remove fields, filter, and adjust the report layout.
Process 4: Use the Function Keys F4-F10 for Report Settings
Tally allows for shortcuts such as F4 (Period), F5 (Party-wise) and F6 (Item-wise) as ways to sort and configure data. Use the basic keys carefully to unlock more options depending on the report type.
Process 5: Save or Export Your Report
Once you have customised your report, you can save the configuration or alternatively export it as a PDF or Excel file to use later or share with others.
Process 6: Use TDL (Tally Definition Language) for Complex Customisation
If you know TDL, you can build even more complex custom reports. However, this is usually done by expert users.
Learn Customised Reporting with Short-Term Courses
If you are a Tally beginner or wish to learn up-to-date accounting knowledge and improve your accounting skills, completing short-term accounting courses in Kerala may be a good method for acquiring accounting knowledge and skills.
You can learn basic accounting and even the next-level features of Tally-Customised Reports in Tally Prime. Some institutes are offering practical training to better help learners understand accounting and Tally-Customised Reporting features aligned with the accounting coursework. This is useful for students, prospective students and small businesses.
Best Accounting Courses in Manjeri
If you live in or near Manjeri, you can find many well-known institutions offering some of the best accounting courses. The courses usually include:
- Tally Prime and Tally ERP Training
- GST filing, tax calculations
- Report creating and customising
- Payroll and Inventory management
Pick a course that offers lab practice and an experienced facilitator to build your confidence and to help you work towards a potential job in accounting.
Conclusion
Making customised reports with Tally Prime software is simple, effective, and helpful to either a business owner or an accounting student. Knowing how to use reporting tools in Tally and other accounting software can save you time and keep you better organised with your financial responsibilities.
Suppose you would like to learn more about making reports. In that case, you can always look into a short-term accounting course in Kerala, which can help you gain some practical accountancy skills and stay ahead.