Review of Tally ERP Software Features Advantages [2022]

Tally ERP

Tally is a well-known product for accounting software. However, there are a few pros and cons when it comes to ERP, which you must know. After a practical application of Tally 9, there were still a few problems that were experienced. User conflicts due to multi-users of the system were thought to be permanent.

Tally ERP Software is an advanced bookkeeping software with different feature sets & easy interface to maintain different businesses like small and medium businesses.

With the different feature sets and easy integration, this ERP helps maintain various accounting processes to run the business smoothly.

Features in Tally ERP

There are different accounting modules, and these are listed as follows:

  • Sales Ledger
  • General Ledger
  • Book of Accounts
  • GL & Books Of Accounts
  • Cash Ledger
  • Financial Statement
  • Tax Reporting
  • Banking
  • Payables
  • Purchase
  • Receipt
  • Balance Sheet
  • Income Statement
  • Inventory
  • Sales
  • Purchase

Benefits of Tally ERP Software

The major disadvantage of Tally ERP is- it starts with accounting, whereas business starts from sales. Even Tally has faced so many problems in launching Tally ERP. They want to give flexibility to their ERP like Tally accounting software because Tally’s existing customers have the exact expectations.

TDS calculation has become uncomplicated in Tally ERP. It can be done with great ease. The overall data for the same is generated in the software system, updates the bank account and is included in the report generation. This single feature makes it remarkably good. The installation process of Tally ERP has been made easy as compared to other ERPs available in the market. Once installed, it lets tones of information accessible throughout the day. It also provides an incremental implementation that allows many functions to be run simultaneously from even different locations.

The problem with the EVAT computations with the vast collection of files into a quick and easy step preparation is possible without any ignore. Payment of water, electricity, telephone bills and other bills from any location and generating a business report or stock status are more accessible.

Moreover, this software enables powerful remote capabilities that enhance collaboration. It has enabled finding qualified personnel. Customisation of this software is easy and faster. Great support, good brand, faster implementation and Tally integrator has made the software reduce the cost of ownership, hence better equipped to be used in businesses.

It is highly recommended a trail for any business needs. Also, for those who want to experience the easiest and most convenient way of keeping the business data on a complete cycle, all key reports, cash, receivable, and month-end bank reconciliation, from human resources information to each performance report, all is traceable in fast, efficient step. Forecasting and predicting future business performance is also possible.

Final Verdict

Tally ERP is good to buy for small and medium-size organisations. However, if your organisation is based on process manufacturing, discrete manufacturing or any other process which Tally may not support, you should think twice before buying it. Take proper consultation before finalising ERP for your organisation.

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