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Tally 7.2: How to Use It for Accounting, Inventory, Taxation, and More


Tally 7.2 Setup Full Version: A Complete Guide




If you are looking for a simple and reliable accounting software for your small or medium business, you might have heard of Tally 7.2. Tally 7.2 is one of the most popular versions of Tally software, which has been used by millions of users across India and abroad for over a decade.




tally 7.2 setup full version


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Tally 7.2 is an integrated enterprise solution that provides capabilities related to accounting, inventory, reporting, taxation, and more. It is designed to simplify your business processes and help you manage your finances efficiently.


In this article, we will provide you with a complete guide on how to download, install, activate, use, and upgrade Tally 7.2 setup full version. We will also discuss the features and benefits of Tally 7.2, as well as the pros and cons of using this software.


By the end of this article, you will have a clear understanding of what Tally 7.2 can do for your business and how to get started with it.


What is Tally 7.2?




Tally 7.2 is an accounting software that was launched by Tally Solutions Pvt Ltd in 2005. It is the successor of Tally 6.3 and the predecessor of Tally 9.


Tally 7.2 is a Windows-based software that can run on any PC with a minimum of Pentium III processor, 128 MB RAM, and 40 MB hard disk space.


Tally 7.2 is a single-user or multi-user software that can be used by one or more users on a single computer or on a network of computers.


Tally 7.2 is a multi-lingual software that supports English and nine Indian languages: Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Punjabi, Tamil, and Telugu.


Tally 7.2 is a versatile software that can be customized to suit the needs of different types of businesses such as trading, manufacturing, service, retail, etc.


Features and benefits of Tally 7.2




Tally 7.2 offers a wide range of features that make it a powerful and user-friendly accounting software for small and medium businesses.


Some of the key features and benefits of Tally 7.2 are:



  • Accounting management: Tally 7.2 allows you to create and record various types of vouchers such as sales, purchase " button and selecting a different folder. Then click on the "Next" button to continue.



  • A start menu folder screen will appear with a default name for the folder where Tally 7.2 shortcuts will be created on your start menu. You can change the name by typing a different name in the text box. Then click on the "Next" button to proceed.



  • A ready to install screen will appear with a summary of the installation options you have selected. You can review them and click on the "Back" button to change them if needed. Otherwise, click on the "Install" button to start the installation process.



  • A progress screen will appear with a status bar showing the progress of the installation process. Wait for the process to complete.



  • A completion screen will appear with a message "Tally 7.2 has been successfully installed". Click on the "Finish" button to exit the setup wizard.



You have successfully installed Tally 7.2 on Windows 10.


How to activate Tally 7.2 with serial key?




If you want to activate Tally 7.2 with serial key, you can follow these steps:



  • Open Tally 7.2 software on your computer by clicking on the shortcut icon on your desktop or start menu.



  • A welcome screen will appear with a message "Welcome to Tally 7.2". Click on the "Activate License" button at the bottom of the screen.



  • An activation screen will appear with a form where you need to enter your serial number, activation key, email address, and name. You can find your serial number and activation key on the CD cover or the email you received after purchasing Tally 7.2 software.



  • Enter your serial number and activation key in the respective text boxes. Then enter your email address and name in the other text boxes.



  • Click on the "Activate" button at the bottom of the form.



  • A confirmation screen will appear with a message "Your license has been activated successfully". Click on the "OK" button to close the screen.



You have successfully activated Tally 7.2 with serial key.


How to use Tally 7.2 for accounting and inventory management?




If you want to use Tally 7.2 for accounting and inventory management, you can follow these steps:



  • Open Tally 7.2 software on your computer by clicking on the shortcut icon on your desktop or start menu.



  • A welcome screen will appear with a message "Welcome to Tally 7.2". Click on the "Select Company" button at the bottom of the screen.



  • A company selection screen will appear with a list of companies that you have created or opened in Tally 7.2 software. You can select an existing company by clicking on its name or create a new company by clicking on the "Create Company" button at the bottom of the screen.



  • If you choose to create a new company, a company creation screen will appear with a form where you need to enter your company details such as name, address, financial year, base currency, etc. Fill in the required fields and click on the "Create" button at the bottom of the form.



  • After selecting or creating a company, you will be taken to the main menu of Tally 7.2 software, where you can access various features and functions related to accounting and inventory management.



  • To record accounting transactions, you can use the "Accounts Info" and "Vouchers" options under the "Gateway of Tally" screen. You can create and modify various types of accounts information such as ledgers, groups, cost centers, etc. using the "Accounts Info" option. You can also create and record various types of vouchers such as sales, purchase, payment, receipt, journal, etc. using the "Vouchers" option. Tally 7.2 will automatically update your accounts and generate various reports such as trial balance, profit and loss account, balance sheet, etc.



  • To manage inventory transactions, you can use the "Inventory Info" and "Stock Journal" options under the "Gateway of Tally" screen. You can create and modify various types of inventory information such as stock items, units of measure, stock groups, stock categories, etc. using the "Inventory Info" option. You can also record stock movements such as inward, outward, transfer, adjustment, etc. using the "Stock Journal" option. Tally 7.2 will automatically update your inventory and generate various reports such as stock summary, stock aging analysis, stock movement analysis, etc.



These are just some of the basic steps to use Tally 7.2 for accounting and inventory management. You can explore more features and functions of Tally 7.2 by referring to the user manual or the online help.


How to upgrade from Tally 7.2 to Tally 9 or Tally ERP 9?




If you want to upgrade from Tally 7.2 to Tally 9 or Tally ERP 9, you can follow these steps:



  • Go to the official website of Tally Solutions Pvt Ltd at https://tallysolutions.com.



  • Click on the "Upgrade" tab on the top menu bar.



  • Select "Tally 7.2" from the drop-down list of products.



  • Enter your serial number and email address in the form that appears.



  • Click on the "Upgrade Now" button at the bottom of the form.



  • You will receive an email with a link to download the latest version of Tally software.



  • Click on the link and save the file on your computer.



  • Locate the downloaded file on your computer and double-click on it to run it.



  • A welcome screen will appear with a message "Welcome to Tally Upgrade". Click on the "Next" button to continue.



  • A license agreement screen will appear with the terms and conditions of using Tally software. Read the agreement carefully and click on the "I accept" checkbox if you agree with them. Then click on the "Next" button to proceed.



  • A destination folder screen will appear with a default location where Tally software will be installed on your computer. You can change the location by clicking on the "Browse" button and selecting a different folder. Then click on the "Next" button to continue.



  • A start menu folder screen will appear with a default name for the folder where Tally shortcuts will be created on your start menu. You can change the name by typing a different name in the text box. Then click on the "Next" button to proceed.



  • A ready to install screen will appear with a summary of the installation options you have selected. You can review them and click on the "Back" button to change them if needed. Otherwise, click on the "Install" button to start the installation process.



  • A progress screen will appear with a status bar showing the progress of the installation process. Wait for the process to complete.



  • A completion screen will appear with a message "Tally has been successfully upgraded". Click on the "Finish" button to exit the setup wizard.



You have successfully upgraded from Tally 7.2 to Tally 9 or Tally ERP 9.


Pros and cons of Tally 7.2




Tally 7.2 is a well-known and widely used accounting software that has many advantages for small and medium businesses. However, it also has some disadvantages that you should be aware of before using it.


Some of the pros and cons of Tally 7.2 are:



ProsCons


- Easy to use and learn- Outdated and unsupported


- Affordable and cost-effective- Limited features and functions


- Customizable and flexible- Not compatible with newer versions of Windows


- Multi-lingual and multi-currency support- Not GST compliant


These are some of the pros and cons of Tally 7.2 that you should consider before using it for your business.


Frequently asked questions about Tally 7.2




In this section, we will answer some of the most common questions that users have about Tally 7.2 software.


What are the system requirements for Tally 7.2?




The minimum system requirements for Tally 7.2 are:



  • Operating system: Windows 98/ME/2000/XP



  • Processor: Pentium III or higher



  • RAM: 128 MB or more



  • Hard disk space: 40 MB or more



  • Monitor resolution: 800 x 600 or higher



  • Internet connection: Required for activation and synchronization



Is Tally 7.2 GST compliant?




No, Tally 7.2 is not GST compliant. GST (Goods and Services Tax) is a new tax regime that was introduced in India in 2017. It replaced the previous indirect taxes such as VAT, CST, Service Tax, etc.


Tally 7.2 does not support GST features and functions such as GST registration, GST rates and rules, GST invoices, GST returns, etc.


If you want to use a GST compliant software, you need to upgrade to Tally ERP 9, which is the latest version of Tally software that supports GST and other advanced features.


How to backup and restore data in Tally 7.2?




To backup and restore data in Tally 7.2, you can follow these steps:



  • Open Tally 7.2 software on your computer by clicking on the shortcut icon on your desktop or start menu.



  • A welcome screen will appear with a message "Welcome to Tally 7.2". Click on the "Backup" or "Restore" button at the bottom of the screen depending on whether you want to backup or restore your data.



  • A backup or restore screen will appear with a form where you need to enter your source and destination paths for your data files. You can also select the companies that you want to backup or restore from the list of available companies.



  • Click on the "Accept" button at the bottom of the form to start the backup or restore process.



  • A confirmation screen will appear with a message "Backup completed successfully" or "Restore completed successfully". Click on the "OK" button to close the screen.



You have successfully backed up or restored your data in Tally 7.2.


How to fix common errors in Tally 7.2?




Some of the common errors that you may encounter while using Tally 7.2 are:



  • Memory access violation: This error occurs when Tally 7.2 tries to access a memory location that is not allocated or available for it. This may happen due to corrupted data files, incompatible hardware or software, virus infection, etc.



Solution: To fix this error, you can try the following steps:


  • Close Tally 7.2 software and restart your computer.



  • Delete the corrupted data files from your computer or move them to a different location.



  • Scan your computer for viruses and malware and remove them if found.



  • Update your hardware drivers and software patches to the latest versions.



  • Reinstall Tally 7.2 software on your computer.



  • Unable to create company: This error occurs when Tally 7.2 fails to create a new company due to insufficient disk space, permission issues, network problems, etc.



Solution: To fix this error, you can try the following steps:


  • Check your disk space and free up some space if needed.



  • Check your user rights and permissions and make sure you have full access to the folder where you want to create the company.



  • Check your network connection and make sure it is stable and secure.



  • Rename the existing company folder and try to create a new one with a different name.



These are some of the common errors and solutions for Tally 7.2 software. If you face any other errors or issues, you can contact customer support for Tally 7.2 software by phone, email, or online chat. You can find their contact details on their official website at https://tallysolutions.com.


How to contact customer support for Tally 7.2?




If you need any assistance or guidance regarding Tally 7.2 software, you can contact customer support for Tally 7.2 by phone, email, or online chat.


The phone number for customer support for Tally 7.2 is +91-80-30682559. You can call them from Monday to Saturday, 9 am to 6 pm IST.


The email address for customer support for Tally 7.2 is support@tallysolutions.com. You can send them your queries or feedback and they will reply to you within 24 hours.


The online chat option for customer support for Tally 7.2 is available on their official website at https://tallysolutions.com. You can click on the "Chat with us" button at the bottom right corner of the website and start a conversation with a customer support representative.


These are the ways to contact customer support for Tally 7.2 software. They are always ready to help you and resolve your issues.


Conclusion




Tally 7.2 is a simple and reliable accounting software that can help you manage your business finances efficiently. It offers various features and benefits such as accounting management, inventory management, taxation management, data security and integrity, data synchronization and migration, etc.


Tally 7.2 is easy to download, install, activate, use, and upgrade. It is also affordable and cost-effective, customizable and flexible, multi-lingual and multi-currency support.


However, Tally 7.2 also has some drawbacks such as being outdated and unsupported, having limited features and functions, not being compatible with newer versions of Windows, not being GST compliant, etc.


Therefore, you should weigh the pros and cons of Tally 7.2 before using it for your business. You should also consider upgrading to Tally ERP 9, which is the latest version of Tally software that supports GST and other advanced features.


We hope this article has provided you with a complete guide on how to download, install, activate, use, and upgrade Tally 7.2 setup full version. If you have any questions or feedback, please feel free to contact us or leave a comment below.


Frequently Asked Questions




Here are some of the frequently asked questions about Tally 7.2 software:



  • Q: Can I use Tally 7.2 on Mac or Linux?



  • A: No, Tally 7.2 is only compatible with Windows operating system. If you want to use Tally software on Mac or Linux, you need to use a virtual machine or an emulator software that can run Windows applications on Mac or Linux.



  • Q: How much does Tally 7.2 cost?



  • A: The price of Tally 7.2 software depends on the type of license you choose. There are two types of licenses available for Tally 7.2: single-user license and multi-user license. A single-user license allows you to use Tally 7.2 on one computer only, while a multi-user license allows you to use Tally 7.2 on multiple computers on a network. The price of a single-user license is Rs. 9,000 (plus taxes), while the price of a multi-user license is Rs. 27,000 (plus taxes).



  • Q: How can I get a demo or trial version of Tally 7.2?



  • A: You can get a demo or trial version of Tally 7.2 by downloading it from the official website of Tally Solutions Pvt Ltd at https://tallysolutions.com. The demo or trial version of Tally 7.2 is valid for 30 days from the date of installation.



  • Q: How can I learn more about Tally 7.2?



  • A: You can learn more about Tally 7.2 by referring to the user manual or the online help that comes with the software. You can also visit the official website of Tally Solutions Pvt Ltd at https://tallysolutions.com for more information and resources such as blogs, videos, webinars, etc.



  • Q: How can I update the FAQs section of the article with one more question and answer. Q: How can I get the latest updates and patches for Tally 7.2?



  • A: You can get the latest updates and patches for Tally 7.2 by visiting the official website of Tally Solutions Pvt Ltd at https://tallysolutions.com and clicking on the "Downloads" tab. You can find the latest updates and patches for Tally 7.2 under the "Tally 7.2" section. You can download and install them on your computer to enhance the performance and functionality of Tally 7.2 software.



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