How & Why Tally is essential?

A Tally is a computer tool for dealing with accounting purposes in all types of small, medium, and large-scale industries. Tally accounting software was not only used for accounting purposes and also used for banking and auditing purposes. This software is used to keep the day-to-day business data of a company (or) industry for their ease of use for auditing and accounting. The latest version of this accounting software was Tally ERP 9. Tally is used to store all the business details and transactions of each customer (or) company account in a detailed manner. Tally software has made the calculations simpler and this makes the Tally software to become a part of all business.

What is Tally ERP 9?

Tally ERP 9 was a widely used accounting tool in India. Tally ERP 9, is complete enterprise software for industry. Tally ERP 9 software is a GST software that combines function, control, and built-in customizability. ERP 9 was the best in segment software and it also integrates with the other functional departments in the industry like Purchasing, Sales, Payroll, Inventory, Finance, etc. By using the Tally ERP 9 tool as your accounting method, a small shop owner also manages his business data and transactions and keeps the bills and records of their customers.

Advantages of Tally ERP 9 

Human-made manual calculations were time-consuming and not that much accurate and this was a main advantage of the Tally software and the companies prefer this software for their industry. Because of Tally, the error chances were reduced to a large and great extent. The Tally software at home or from the workplace. Tally is self-explanatory and user-friendly to learn. Tally software is time-saving, easy to use, user-friendly, and cost-effective. It also promises accuracy in the management of business data and transactions. It also enables the bills and signatures in digitalization and thus staying up-to-date with the latest technology and makes more effective.

Features of Tally ERP 9 training

Tally ERP 9 accounting tool was designed to work on multi-languages, so it’s also known as a multi-lingual accounting tool. The accounts and business reports in this tool were maintained by one language and they can be viewed in other available languages in this tool. The company can open up to 99,999 companies in this accounting tool and maintain their business details and transactions, reports with ease of use.  It’s very useful for the company to maintain its business details and data. It is easy for accounting and auditing purposes for their company. Using the payroll feature in this accounting tool, you can make automation for your employee details and make their salary to be automatically credited to their accounts. The tally tool has the feature of synchronization and it is a very helpful feature in multiple branches of a company and the transactions were automatically updated. The company has generate a consolidated reports and financial details of a company as per the requirement of the concerned company. Tally training in Erode Users can easily maintain single and various groups was another useful features available in this tool.  

Versions of Tally

Tally 4.5 was the first version launched in 1990’s by the company and it is based on MS-DOS. Tally 5.4 was the second version launched in 1996 by the company and it is based on the graphical user interface. Tally 6.3 was the third version launched in 2001 by the company and it is based on Windows and it also supports the printing feature and also implemented with Value Added Tax (VAT). Tally 7.2 was the next version launched in 2005 by the company and it is released with few additional features making the statutory complimentary version and the different states VAT rules were added. Tally 8.1 was the next version released by the company and it build and developed with new data structure and new additional features like POS (Point of Sale) and with Payroll was added on this version. Tally 9 was released in 2006 and the previous version of Tally was found with lots of bugs and errors while using the software and it made the company to launch the updated and improvised version with Payroll, Tax Deducted at Source(TDS), Fringe Benefit Tax(FBT), E-TDS filing etc. Tally ERP 9 was the latest version launched in 2009 by the company and it provides more features for the users in small industries and also for the large companies. GST (Goods & Services Tax) was added in Tally in the last update and it was useful for GST filing.