How Tally helps a business?

Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is widely used business organizations all over the world. Especially popular in the Indian market, there are many small and medium sized companies that use Tally for their financial and accounting tasks. Tally provides comprehensive solution around accounting principles, inventory and data integrity. It is designed to simplify complex day to day activities associated with running a business.

Tally performs the function of financial analysis and financial management for an organization. It helps in maintaining simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc. It provides information around receivables turnover, cash flow statement, activity consolidation and even branch accounting. Tally keeps track of all inventory records, stock keeping, invoicing, purchase orders, stock valuation, and other functions. With the use of Tally integration, companies can save all sensitive information on a cloud or server. This enables in connecting the files across multiple office locations. Tally keeps all data safe and secure. Regular data integrity checks make sure that no external modifications to the data can be made. 

Tally helps in accounting solutions, financial and inventory management, sales and purchase management, invoicing, reporting and MIS. It can also perform taxation for businesses. The software is robust and powerful, operates at high speeds, executes in real time and has full-proof online help. It can even be customized for different purposes.

Businesses benefit from using Tally in the following ways:

Data entry

When a data is entered on Tally platform, it gets stored across all locations. There is no need to manually transfer data from one department to another. For example, if a new stock item is recorded into the inventory, the stock details will get updated across all the warehouses and retail outlets. It does not have to be changed individually at each location. With Tally, all data is stored in a main server, and information gets updated automatically. Data moves easily and quickly among different departments.

User friendly

Tally software is simple to use and operate. With very minimal training, employees can use Tally reports for daily operations. This leads to increase in productivity. The Tally dashboard is easy to navigate. The module and forms can be viewed through drill down display. Users can track the link between different modules easily.

Inventory management

With the Tally software, companies can efficiently manage their stock items, categories, invoices, and obtain reports on consumption. Users can create items, stock groups and stock sub groups; and different product stock categories. When making a new entry, users can file the stock item under a particular godown. The inventory can also be maintained batch wise, making the monitoring of expiry dates for each batch easier.

Easier payments

With Tally integration, businesses can make online payments to their clients through the software. They can also receive online payments.

Customization available

The Tally software can be customized by a particular business to fulfill the requirements of a specific industry. By customizing all the features of Tally, it can achieve a higher efficiency for the business.