Productivity

Review of Tally ERP Software Features Advantages [2022]

Tally is one of India’s most widely used accounting software applications in its neighbouring nations.

Tally ERP 9 is the company’s most recent business management software solution. It includes every facet of business administration, from accounting and finance to inventory and production.

Tally ERP 9 is a comprehensive business management software package that encompasses all aspects of corporate management, including accounting and finance, inventory management, and manufacturing. It caters to the needs of small and medium-sized businesses. The programme is user-friendly and has a variety of features that simplify business management.

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 tonnes of information be accessible throughout the day. It also provides an incremental implementation that allows many functions to run simultaneously from 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 helped them to find qualified personnel. Customisation of this software is easy and faster. The great support, good brand, faster implementation, and Tally integrator have made the software lower the cost of ownership and better equipped for business use.

It is highly recommended as 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, are traceable in fast, efficient steps. Forecasting and predicting future business performance is also possible.

Is Tally Easy to Use?

Tally ERP 9 is user-friendly and has an intuitive UI. The software can be installed on a desktop or portable computer. Once installed, a username and password are required to access the software. A dashboard provides an overview of the software’s capabilities. The dashboard is adaptable to the demands of the business.

A variety of the software’s functionalities are accessible via the dashboard. The features can be tailored to the business’s requirements. For instance, the financial management functions are accessible via the dashboard and may be tailored to the business’s requirements. In addition, the software includes a variety of reports that offer insights into corporate performance. These reports can be tailored to the requirements of the business.

Final Verdict

Tally ERP is a good to buy for small and medium-sized 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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