What is the Tally? How it’s Important?


Tally, essential accounting software has been known for its best in financial applications and accounting systems. A tally is an important tool in calculating monetary terms, accountancy, tax, and GST calculating, managing commercial transactions effectively and efficiently. The demand for Tally courses in India is increasing day by day. Tally ERP 9 is a complete Enterprise Resource Planning (ERP) offered by Tally helping Small, Medium, and Large Enterprises which can be customised also as per requirement. 

Importance of Tally

  1. Reliability of Information
  2. Assurance of Information
  3. Tally Audit
  4. Tally Vault
  5. Effortless Data Movement
  6. Elimination of Human Error
  7. Continuous Processing
  8. Tally Makes Business Easy
  9. Assistance with GST Filing
  10. Remote Access

Tally accounting software is easy to set up and simple to use. A single connection can support multiple users. It can be easily used in conjunction with the Internet making it possible to publish global financial reports. Tally accounting software has been used effectively to meet the daily financial activities of the enterprise.

Advantages for Corporates

  1. Tally ERP 9 helps SME’s for accounting of bills, managing the inventory, and Compliances helping the clients to take day-to-day decisions based on the data.
  2.   It is very easy for them to create bills also using ERP 9 which saves them some bucks on other ERP Softwares.
  3. Tally has been used to handle multiple tasks that will be applicable to all fields including inventory and monetary. 
  4.  It has a special feature of remote access which can be used at inventory places situated at remote locations to generate challans or if the staff has less idea regarding the software you can create bills from your office.
  5. It helps Tax Auditors and Accountants to file GST, Income Tax returns, or check your data from their offices and thus reduces the hassle of data transfer.
  6. It is very important to learn Tally ERP 9 to smoothen your business. There are a lot of Best Training Institutes in Jaipur providing training to the students.

Tally accounting software provides a solution to all the problems real businesses have to encounter. Single software takes care of all tasks required for enterprise management. Accounting tasks such as records keeping accounts receivable and payable management, and bank reconciliation are made simple through tally. Income Tax Practitioner course Kochi provides detailed information about this.

Tally accounting software also comes with drill-down options, which can track every detail of a transaction. It helps in maintaining a simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc.

pro-and-cons