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Tally Interview Questions and Answers

Ques 21. How can you handle payroll in Tally?

Payroll in Tally is managed through 'Payroll Vouchers' where salary details are recorded for employees.

Example:

To create a Payroll Voucher: Payroll Info > Vouchers > Create Payroll Voucher > Enter details > Save

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Ques 22. What is the purpose of the 'Tally Vault' feature?

Tally Vault is used to encrypt and secure company data with a password, providing an extra layer of security.

Example:

Gateway of Tally > F3 (Cmp Info) > Set Security Control > Create Tally Vault > Set password > Save

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Ques 23. Explain the concept of Budgets in Tally.

Budgets in Tally help in planning and controlling expenses by setting predefined financial targets.

Example:

To create a budget: Gateway of Tally > F11 (Features) > F1 (Accounting Features) > Enable Budgets > Save

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Ques 24. How can you handle credit management in Tally?

Credit management in Tally involves setting credit limits for parties and monitoring credit transactions.

Example:

To set credit limit: Gateway of Tally > Accounts Info > Ledger > Select party > Set Credit Limit > Save

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Ques 25. What is the purpose of the 'Tally Control Centre'?

Tally Control Centre allows users to manage and control Tally instances remotely, monitor data, and collaborate with other users.

Example:

Access Tally Control Centre through the browser by entering the Tally.NET credentials.

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