Tally is designed to integrate all business operation, like sales, finance, purchasing, inventory, and manufacturing and so on. Facilitates accurate and up-to-date business information at our fingertips anywhere. Tally is a comprehensive ERP software that goes far beyond the basic functionalities of finance and accounts. It encompasses every critical aspect of an organisation, including payroll, inventory, manufacturing and banking to name a few. Tally is the perfect fit for every organisation right from a promising new start up to a high-flying business giant.
True to its spirit, Tally.ERP 9 optimises an organisation s various operations and divisions, streamlines every aspect, and brings together its functioning into a cohesive whole. Tally follows the double entry system of accounting, thereby minimising and even eliminating any possible errors that might arise from manual accounting,
In other words, Tally minimises the need for an organisation to manually keep track of every little detail, since it provides a common platform where different departments can maintain a constant update on their financial status. This in turn can be referred at any point of time to understand the financial, structural and organizational health of a company.
Over the years, Tally has become synonymous with accounting.And accounting is nothing but maintaining different books of accounts. Thus, Tally involves managing -
1. Primary account books such as Cash book and Bank book
2. Vouchers like payments and receipts
3. Entries like journals, credit notes, debit notes, purchases, sales, etc.
4. Registers such as purchase register, journal register, sales register
5. Statement of accounts like profit & loss, trial balance, company balance sheet, cash out flow & inflow, stock statement, shareholders equity, working capital, etc.
Take a situation where you are an Analyst in the Accounting Department of an online shopping company. You are asked to pull up an inventory report of all defective return-back products. If there was a manual system in place, this would have been impossible, considering that the goods returned back to the parent company through a third party courier had to be tracked diligently to avoid slip-ups.
If you have learnt Tally, all you have to do is to pull up the relevant dates and the concerned particulars, and all the data will be automatically compiled and provided to you with a comprehensive view of the entire inventory.
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