Tally Shortcut Keys – Important Tally Features

Tally is the most sought-after accounting software, making financial management simpler and more efficient. It has a user-friendly interface with robust accounting capabilities and is therefore preferred by businesses of all sizes. To effectively utilize the power of Tally, one needs to master the features of this software with ease. Mastering shortcut keys is the most effective way to increase your productivity in Tally. These keyboard combinations enable you to do numerous things quickly, from posting transactions to producing detailed reports without navigating through an extensive mouse. Explore Tally and Tally Prime's most helpful shortcut keys, categorized by function. Whether you are a new or experienced user, learning these Tally shortcut keys will make the workflow faster and greatly enhance your processes in managing your financial requirements.

Tally shortcut keys are keyboard combinations that can perform common tasks in Tally Prime software. They can help users save time and improve their productivity. Let's explore keyboard shortcuts for both Tally and Tally Prime.

Table of Content

• What is Tally?
• What is Tally Prime?
• Tally Shortcut Keys
• Tally Prime Shortcut Keys
• What is the Importance of Tally Prime Shortcut Keys?
• Tips to Use Tally Shortcut Keys

What is Tally?

Tally is a popular accounting software used primarily for financial statements, vouchers, and taxation in many industries. It’s known for its simplicity, flexibility, speed, and robustness. Tally software caters to various aspects of accounting and financial management, encompassing the following features and functionalities:

Tally’s multiple versions, such as Tally ERP 9 and the more recent Tally Prime, cater to diverse business requirements.

What is Tally Prime?

Tally Prime is the latest offering from Tally Solutions, an evolution of its predecessor, Tally ERP 9. This accounting software is focused on sales, purchasing, inventory, and payroll. It allows you to record accounts receivable/payable, perform bank reconciliation, and follow commercial ratios. 

The solution also supports GST and other tax features. Its sales module tracks orders, and its MIS reporting module manages cash flow, facilitating decision-making on bank loans, capital investments, and credit limits.

With Tally Prime, you can easily export data to CSV or PDF files. Its remote options are ideal for connecting between different systems.

Tally Prime offers a 7-day free trial for new users, after which the software is available in 2 price tiers. A single user can start with Silver for about $50/month.

Tally Shortcut Keys

Here, Tally shortcut keys are categorized based on their function –

General Shortcuts

General shortcuts are popularly used across several modules in Tally. It allows users to enhance their productivity with easy workflow.

Navigation Shortcuts

Navigation shortcuts help users move through different screens and menus within Tally quickly. They are essential for efficient workflow, ensuring users can access the necessary information without unnecessary delays. 

Editing Shortcuts

Editing shortcuts are used in Tally to edit entries and manage data. These shortcuts make editing easier to correct mistakes or update as needed. These shortcuts not just save time but also help maintain accuracy on financial records through quick changes.

Reporting Shortcuts

Reporting shortcuts are designed to generate and view reports in Tally. They advance reporting abilities and enhance visibility regarding financial data, enabling users to analyze business performance. Reporting shortcuts allow users to generate high-level detailed reports quickly.

Tally Prime Shortcut Keys

Tally Prime, the newer version of Tally software, comes with an updated set of shortcut keys that enhance navigation, data entry, and reporting. These keyboard shortcuts are categorized into General and Module-specific shortcut keys for a clearer understanding.

General Shortcut Keys in Tally Prime

General shortcut keys are used across different modules of Tally Prime for general operations.

Module-specific Shortcut Keys in Tally Prime

These shortcuts are specific to various modules like accounting, inventory, reporting, etc., within Tally Prime.

Accounting

Accounting shortcuts ease financial transactions and record-keeping. They provide quick access to different kinds of vouchers and facilitate the performance of other accounting tasks without having to search for multiple menus.

Inventory

Inventory shortcuts deal with managing stock and tracking the movements of inventory. They ensure quick access to functions and reports related to inventory.
These shortcuts are helpful to companies that must track their inventories accurately and manage their stocks accordingly.

Reporting

Reporting shortcuts are designed to create and view different financial reports in Tally Prime. They improve the ability of businesses to analyze their performance. These reporting shortcuts allow users to access critical financial insights quickly, thus helping them make informed decisions.

You can find a complete list of all the shortcut keys in Tally Prime by navigating to Help > Keyboard Shortcuts.

What is the Importance of Tally Prime Shortcut Keys?

Like in any other software, the importance of using shortcut keys in Tally Prime revolves around enhancing efficiency, speed, and productivity. Here are some key reasons why they are crucial:

1. Speed and Efficiency: Shortcut keys allow users to perform tasks more quickly than using a mouse to navigate menus. This feature is a lifesaver in accounting, where numerous transactions and operations need to be entered and processed daily.
2. Improved Productivity: Shortcuts allow you to save time on each action, thus increasing productivity. You can focus on analysis, decision-making, and other critical tasks beyond data entry.
3. Error Reduction: Shortcut keys can help minimize errors, accidental clicks, and wrong selections. Keyboard shortcuts are more accurate than mouse clicks and reduce such errors.
4. Ease of Navigation: In Tally Prime, where multiple windows, ledgers, and reports need to be accessed frequently, shortcuts make navigation much more manageable and less confusing.
5. Enhanced Multitasking: Shortcuts can facilitate smoother multitasking. For example, switching between reports, ledgers, and input screens is much quicker with keyboard commands.

Tips to Use Tally Shortcut Keys

Here are some tips for using Tally shortcut keys effectively:

• Learn the most common shortcut keys first to save time.
• Practice using the shortcut keys regularly to become more familiar and faster.
• Tally Prime allows you to create custom shortcut keys for your favorite tasks. This feature can be handy if you perform the same tasks frequently.
• Use shortcut keys in combination with other functions. For example, you can use the Alt + P shortcut key to move to the next field in a voucher and then use the Tab key to move to the next field. 
• Use shortcut keys to navigate through menus and dialogue boxes. For example, you can use the arrow keys to move up and down in a list and the Enter key to select the highlighted item.

Conclusion

Mastering Tally shortcut keys is an invaluable skill for finance professionals. Familiarity with general navigation, editing, and module-specific shortcuts will help streamline workflows, reduce the time spent accomplishing routine tasks, and improve data entry and reporting accuracy. Whether managing accounts, tracking inventory, or generating reports, these shortcuts empower you to navigate through Tally and Tally Prime seamlessly. The more you practice and incorporate these shortcuts into your daily operations, the more you realize that they simplify your tasks and help you focus on strategic decision-making and business growth.