Tally Accounting is software used for accounting purposes. It is provided by Tally Solutions and is standard business accounting software. Tally ERP9 is a very robust ERP9 product and is a complete business management solution. Tally is defined as record, count (as verb) or a record of debit and credit or an account.
Tally main product is its Enterprise Resource Planning Software called Tally. ERP 9 with single user and multi-user licenses. For large organizations with many branches, Tally. Server 9 is offered. The software handles accounting, inventory management, tax management, payroll etc.
INVENTION OF TALLY:
The Late Shri S. S. Goenka, founder of the company Peutronics Pvt. Ltd. set up Tally’s software business in 1986. His able mentoring of his son Bharat resulted in the creation of software that would simplify the process of financial accounting and inventory. Determined to create and develop a simple business accounting software
|Founder||Shyam Sunder Goenka Bharat Goenka|
|Headquarters||Bangalore, Karnataka, India|
FEATURES AND USES OF TALLY:
It is used for
- Daily accounting
- For Interpreting of financial reports
- For maintenance of stock and
- For generating other reports
Accounting is art of recording, classifying, summarizing in a significant manner and in terms of money, transactions and events.
Difference between manual accounting and Tally:
The main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency.
Reasons to change from manual accounting to computerized accounting
- Integration of accounting
- Back-up of data
- Integration of Data –storage,
Benefits of Learning Tally Course.
Tally has become the integral part of any organization in order to manage the accounting details. This accounting software is beneficial to any kind of organization to maintain their account details.Tally accounting software provides many inventory actions which includes account management, stock management, invoice, purchase of order management, discounts, stock valuation etc Tally is accounting software which is very much beneficial whether it’s small or big or we can say it’s the necessity of every type of business. With the help of tally a person can keep records of branch accounts, follow branch accounting article and having tally can keep any written record. Tally helps to get result within one second like profit and loss account and other statements.