Tally is an ERP accounting software program used to log a company’s daily business data. The most recent Tally version is Tally ERP 9. It offers the most features for all business types, from small startups to international corporations. It also includes information on the latest features of the GST (Goods & Services Tax). The program acts as a complete business management solution and GST software thanks to its integrated functionality, control, and customizability. The computerized accounting software employs the double-entry accounting approach, which aids in identifying and fixing any potential problems. In this blog, we’ll discuss several significant features of tally. But before we get started, let’s learn a little bit more about the software.
The version of Tally: The most recent Tally version, ERP 9, was made available in 2009. Tally ERP 9 includes important functionality for both small and large business industries. Furthermore, extra GST features were included (Goods & Services Tax).
Benefits of Tally: Any business owner is aware of the significance of keeping accurate books of accounts. By following this procedure, the company’s finances are always in order and are accurate at all times. In the past, the majority of firms kept their accounting records manually. Accounting software can now accomplish this work thanks to the development of modern information technology. One such really potent accounting program is Tally.
Using Tally accounting software, all of the problems that real businesses encounter can be solved. One piece of software handles all operations required for corporate management. Accounts payable and receivable management, record keeping, and bank reconciliation are all made easier with Tally. Financial management is also simplified using Tally software. The program provides management of funds across several locations and has the capacity to control cash flow and pay interest on transactions involving multiple currencies. Thus, Tally software is reliable, flexible, secure, easy to use, and fairly priced.
Features of Tally: Account maintenance and other accounting and analytical tasks required for managing a corporation are made easier with new Tally features. The following are some of Tally’s key features:
- Numerous Accounts: Tally enables customers to create up to 99,999 firms and multiple accounts. Additionally, it has the ability to manage one or more groups.
- Multilingual software: Multilingual software is defined as having support for many languages, including nine Indic languages. While keeping accounts in a single language, the program enables users to readily read transaction data in several languages.
- Zero Programming: It is the best accounting software available since it has user-friendly interfaces, doesn’t require any programming, is robust and powerful, operates rapidly, and provides reliable online assistance.
- Synchronization: Transactions created in various offices can be automatically updated and stored in Tally.
- Reports: Tally can generate consolidated financial statements with only one click depending on the requirements of the organization.
- Payroll: This feature of ERP 9 allows a business to automate the management of employee records.
- Cost of ownership: It offers a cheap total cost of ownership, can be quickly implemented and can be tailored to match company needs.
- OS Compatibility: Linux and Windows are just two of the operating systems that the software is compatible with. It can also be installed simultaneously on a number of systems.
- Easy Installation: Tally has an easy download method that uses small space for installation.
- Support: It supports all types of protocols: FTP, HTTP, SMTP, HTTPS, ODBC, etc.
- Error Free: By using the application, human mistake rates can be reduced. The software’s automated calculations also make a significant contribution and help maintain the financial transparency audit.
Final Thoughts: There is no denying the significance of accounting data, but to fully realize its potential, you need sophisticated tools like Tally. It’s the greatest method for organizing your assets. If you want to learn more about Tally you can always go to YouTube and watch tutorial videos. On YouTube, there are thousands of videos on Tally. For YouTube hand-holding training, use Career Ninja’s LearnTube. Learn Tube creates a course framework from the results of your YouTube search. If you search for “Tally tutorial” on YouTube, LearnTube will show you a series of videos that look like an online course. As a beginner, you’ll go through the videos from beginning to end, as if you were taking a YouTube course customized particularly for you.
