How is Tally empowering SMEs

Generally, a small business starts with a spreadsheet for accounting but with the increase in the business size, automation becomes a need as there are other important functions that need to be focused on. Tally ERP 9 provides this helping hand for business to automate and maintaining all the data in a clear and ready to use format.

Tally has helped about more than a million SMEs to grow by providing them a source of systematic information and much more. Following are some major areas that Tally has helped.

• Tally helps in Return filing

GST was introduced 2 years ago yet businesses are having a tough time trying to cope up with it. Tally is one of the few software which helps to simplify this process and provides an easier way for return filing.

• Purchase and sales tracking

You can track your sales and purchase vouchers by properly numbering them. You do not have to manually track your orders. It hardly takes a minute to pass a voucher entry. Tally generates a consolidated report of these entries which can be viewed for any particular time period.

• Generate E-way Bills

Often businesses have to transport and sell their goods to far away places. The government has asked to generate an e-way bill for these transports. Tally supports this function and generates the e-way bill. Thus making the life of a business person easier by providing a one-stop solution.

• Reports

Decision making is a critical task for any business. Tally provides a consolidated report which is a summary of the whole business. Many reports are generated in just a few clicks such as the Profit & Loss Statement, Balance sheet, Cash flow/ fund flow report, Ratio Analysis report, etc.

All these reports are very useful in decision making.

• Inventory management

Stock management is very important for businesses as wastage or ill management may cost a huge loss to the business. Especially if the stock is perishable. Tally provides complete tracking of inventory so you do not have to worry about your stock.

• Payroll Management

Employee management may be difficult without a software. Their documents and details need to be maintained and updated from time to time. Tally.ERP 9 makes this possible by maintaining all details of the employees.

• Budget and Control

Tally provides options to maintain budgets and implement controls based on those budgets. The Budget can be maintained for different departments for different reasons. Variance can be checked and suitable measures can be taken to control these variances.

• Bank Reconciliation

Bank reconciliation statement reconciles cash book and bank passbook. It shows if there is any difference between the two. This helps the user to correct changes if required. This keeps your cash book up-to-date.

• Integration of Accounting and Inventory

Tally integrates the accounts as well, as inventory thus both, are updated if changes are made in any one of the two. If an inventory is sold as finished goods, sales entry is made in accounting and inventory is updated accordingly about the stock being sold.

• Secure remote access

Tally can be accessed remotely. An owner can check his Tally from the comfort of his home by taking the remote access of his Tally. Tally provides free and secure access through its Tally.Net Server.

• Data Synchronization

Tally allows for the sharing of data across various locations. It helps to get a consolidated picture of the financial health of the business.

These are a few features of Tally.ERP 9 that support the functions of the SMEs. Other than these many other features of Tally.ERP 9, empower the SMEs. You can visit our website or get a 7 day trial of Tally.ERP 9 to understand better about the features of the software.

Riyaz Tamboli is a Director at Antraweb Technologies Pvt. Ltd., a leading provider of Tally ERP solutions built on the Tally platform.