Accounting Made Easier With Tally ERP Solutions

What is Tally ERP?

Tally ERP is the most popular and widely used accounting softwares. It is used in India by small and medium enterprises to record financial transactions. It is basically accounting in digital format. Tally ERP is a very robust product and user friendly at the same time. It offers a comprehensive business management software and also helps businesses to comply with taxation rules like GST, VAT, TDS, excise, TCS. The 5 star rated sales and service partner has come up with the latest Less chance of errors: When accounts are maintained manually the chances of errors happening is quite high. Features like detection of errors and automatic calculations deliver error-free results. Wrong invoicing can seriously affect the accounting data and it is very difficult to rectify in later stages. Such errors can also have a negative impact on the business.

• Saves time: When accounting process is carried out manually, it is a time taking process. Tasks like reconciling customer’s invoices and preparing bank reconciliation statements manually can take days eventually slowing down the process. Automating these tasks saves time. Furthermore, the financial reports of the business can be viewed which helps entrepreneurs to take decisions on time.
• Synchronize invoicing, accounting, and inventory: To get a clear view of the business, invoicing, accounting, and inventory needs to be synchronized by the accounts team manually. Tally automatically prepares the accounts and updates the inventory, once invoices are generated.
• Greater efficiency: A business needs to deal with multiple transactions and stakeholders. When the volume of transactions increase, a business may lose its efficiency if accounts are maintained manually. In tally ERP, the accountants only need to enter the vouchers and all the financial reports gets generated automatically.

How is it better over other softwares?

Tally ERP is more than just an accounting software. Let’s explore the reasons.

• Comprehensive: This comprehensive software helps to manage a business completely including finance, sales, purchase, inventory, payroll, accounting, costing, manufacturing and branch management.
• User-friendly and remote access: The data can be accessed remotely through Tally ERP software at any time. It is flexible, easy to learn and use.
• Multiple platforms and multi-lingual: Works on multiple platforms like Windows XP and Windows 7. Information can be recorded and printed in all Indian languages and some international languages.
• Interest calculation: The pending bills of customers can be traced easily using Tally and the interest gets calculated easily on those bills. Besides, interest on loan can also be calculated.
• GST compliance: As it is GST compliant, client’s GST returns can be filed using Tally.
• Accuracy and speed: Tally ERP helps to generate plenty of reports instantly and accurately.

The myriad features make Tally ERP better over other software.

Reema Sharma is a professional content writer specializing in blogging, press releases. I would like to share some knowledge by that Articles.