In this competitive world, every entrepreneurs and business owners wish to grow their business in a successful manner. Nowadays, they are using different tactics and lots of new software in order to simplify their business functions. Among those, Tally is one of the best software used for accounting. Because of the amazing features and useful services of Tally, today it is widely used in most of the business organizations.
What is Tally?
Tally is a complete Enterprise Resource Planning system which has a great demand in today’s market with an excellent grip in accounting features. It is an accounting software that can be managed and used well in small and medium business organizations. This inventory management software offers various facilities to its users like GST filling, Cheques printing, Ratio analysis, Comparative analysis, Cash and fund flow statements and generating reports.
Why it is very popular?
Tally is considered as a popular software as it is easy to use, operates at high speeds, robust and powerful, highly versatile and flexible.
Are you are a business owner? Here is how Tally benefits you.
Tally has been designed and developed in order to simplify the complicated daily basis finance activities associated with business operations. It is capable of undertaking financial analysis and financial management. With the help of Tally, you can increase your revenue and productivity of your business. .Tally provides simple-to-use accounting features that enable you to record business transactions easily and quickly. You can record and handle all most all transactions for your business by creating and maintaining masters, vouchers, and generating reports.
Do you know about this ERP version of Tally?
Tally is not just accounting software. After the release of the ERP version of Tally, the capability and functioning of Tally are much more widened to a great extent. ERP stands for Enterprise Resource Planning. This is GST-Ready ERP software is a perfect business management solution used for Billing, Accounting, and Inventory Management. Apart from the accounting features of Tally, it also has other business features that an organization requires. But, the ultimate reason for its popularity as accounting software is due to its incredible efficiency over accounting. This software is considered one of the Easy, understandable and best Accounting software which is used by millions of individuals and Business corporates all over the world. Tally ERP9 has an excellent feature called data synchronization. With the help of this feature, the company with two or three branches can easily able to copy the data across different locations.
Benefits of Tally ERP 9 Software
- To estimate job costing.
- To perform all basic accounting functions.
- For managing payroll.
- In order to store details and manage inventory items
- For the purpose of filing a tax return, managing profit, loss statement, preparing a balance sheet, trial balance, cash-flow report, etc.
- For calculating the interest on the outstanding amount.
- To maintain proper budget scenarios.
Scope of Tally ERP 9
In India, 90% of the Businesses use Tally ERP 9 and hence a good working knowledge of Tally is very much important and is in great demand. No matter if you are already in a job, getting Tally certified from the best institute many increases the chance for a better job with a good salary. Tally will give you an extra boost to your career by improving your knowledge in Accounting and Taxation. The scope of pursuing Tally courses depends on your own interest and if you are certified in the Tally latest versions, it is a great advantage to get a job in multinational companies easily. Because of the increasing demand for the tally in today’s market rapidly, many students are showing interest in Tally.