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At Tally, we have a hard-earned reputation for empowering businesses with stable, effective software products. Tally.ERP 9 has all the features required for high-performance business management. You bank and pay utility bills from home, why not do your business transactions? Or call up a stock status report and print a copy from wherever you are? Tally.ERP 9 has been designed with you in mind. Powerful connectivity makes information available with your staff, CA and other professionals, round-the-clock, in any place. It's also quick to install and allows incremental implementation-a novel capability that lets you activate just as many of its functions when required, even across locations.
Advantages : • Powerful remote capabilities that boost collaboration. • Easy to find qualified personnel. • Easy to customise.
With Trusted Remote Access, Audit & Compliance Services, an Integrated Support Centre and Security management, all focused on delivering peace of mind to You. It is a complete product that retains its original simplicity yet offers comprehensive business functionalities such as Accounting, Finance, Inventory, Sales, Purchase, Point of Sales, Manufacturing, Costing, Job Costing, Payroll and Branch Management along with capabilities like Statutory Processes, excise etc. Whatever the demands, Tally ERP 9 makes life a lot easier. With an ideal combination of function, control and customisability built in, Tally.ERP 9 permits business owners and their associates to do more. The product is supported on Windows operating system; on Windows XP and above.
Accounting is a basic function of Tally and most people do not ever use any other functions other than accounting in Tally. At the most they will use Inventory management and some of the Taxation features.
There are many more functions related to accounting like Credit Note, Debit Note, Reverse Journal, Memos and so on which aid in performing accounting procedures in an easy manner.
ally has segmented it in 6 different functions. They are: Contra (Only for cash and bank related entries), Payment (For payment entries), Receipt (For receipt entries), Journal (For entries which doesn’t include cash or bank and for closing entries), Sales (For sales billing), Purchases (For purchase billing).
Billing is an inevitable part of any business and it’s care is duly taken by Tally. Actually billing is included in Accounting feature discussed above but it has somewhat a separate function rather than accounting.
The best thing in Tally is that when you create a billing entry you do not have to create again accounting entry for that bill. This reduces redundancy in entering a big amount of data. In Tally, Sales and Purchase vouchers are actually for billing but they can also be used as a simple voucher. Everything in a bill you can imagine is there in Tally for the purpose of billing.
A payroll is a company's list of its employees, but the term is commonly used to refer to: the total amount of money that a company pays to its employees. a company's records of its employees' salaries and wages, bonuses, and withheld taxes. For maintaining Payroll in Tally, there are functions like Employee Categories, Employee Groups, Attendance, Pay Heads and of course Employees.Complex payroll calculations are automatically done in Tally when we use the Payroll function.
Inventory is the total amount of goods and/or materials contained in a store or factory at any given time. Store owners need to know the precise number of items on their shelves and storage areas in order to place orders or control losses. Factory managers need to know how many units of their products are available for customer orders. Restaurants need to order more food based on their current supplies and menu needs.
Some important features available in the Inventory module are: Multi-location Stock Control: Use Tally ERP 9 to keep track of your stock at a single or multiple locations Comprehensive Recording of Stock Movement: Record inventory transactions easily and comprehensively using Goods Receipt Notes, Delivery Notes, Stock Transfer Journals, Manufacturing Journals as well as Physical Stock Journals. All stock movements are fully recorded and maintained in Stock Registers.
Management Reports: The Movement Analysis report gives the party-wise details of goods bought and sold and helps identify good and bad business partners. Stock Query is a unique single sheet report that gives information on stocks at different locations as well as total stock-in-hand. Aging stock Analysis: This report identifies old stocks to aid in decisions relating to their quick disposal. Batch-wise or lot-wise Inventory with Expiry: You can use the concept of Batches or Lots to track stock at the batch level, with expiry date support. Re-Order Levels: Know your stock order position with the comprehensive Order Status reports in Tally.ERP 9. Specify reorder levels and minimum reorder quantity in absolute quantities or based on previous consumption. In Tally.ERP 9, you can configure and use the following depending on your requirement: Stock categories: Stock Category offers a parallel classification of stock items. Like stock Groups, classification is done based on similarity in behaviour. The advantage of Categorising items is that you can classify the stock items (based on functionality) together - across different stock groups, which will enable you to obtain reports on alternatives or substitutes for a stock item.
This option is not used by many people and the simple reason is that not many people are interested in analysis. But Tally has included that in it.
In the Gateway of Tally there is an option called Ratio Analysis which displays many important ratios on the basis of information which is entered by you at the time creating vouchers. Some of the common ones which are included in Tally are Current Ratio, Quick Ratio, Debt/Equity Ratio and Inventory Turnover. Moreover Ratio Analysis in Tally helps us to make quick decisions about our business or our client’s business whatever the case may be.
A business cannot operate in isolation. It needs a society to operate which is governed by a government which levies different types of taxes on a business as it is a commercial activity.Well, Taxation is also covered by Tally. Right from Income Tax, VAT, Excise, Customs and Service Tax everything is taken care of by Tally.If you have taxation functions enabled then billing is done including taxes on the sales or purchases.At the end of the year or a particular accounting period tax credit or tax payable automatically gets calculated by Tally.