Which one is better, Tally or Busy?

Author: Prerna Mehta

Accounting is the most crucial task for every organization or business around the world. If done incorrectly, can cause a greater loss. Accounting comprises important administrative tasks such as internal audits, data analysis, periodic, and annual reports of the company’s finances. Accounting provides insights on different other quantifiable parameters such as the payroll, inventory management, sales, credits, purchases, and debits, etc. Both Tally. ERP and Busy are used to perform these administrative practices. Therefore people intended to make a career in accounting are required to join tally classes in Delhi.

What is a Busy Accounting Software?

There are various types of accounting software that are available in the market and that’s enough to make you confused. Tally.ERP 9 and Busy are famous among them. Various organizations trust Tally and Busy for their accounting tasks. Though Tally is a leading accounting software in India, Busy accounting software competes with the Tally in many ways. Also, Tally and Busy accounting software are not cheap to install, therefore, it is important to gain knowledge before you go with one of the software.

What is Tally?

Tally is the most famous and powerful accounting software among micro, small, and medium enterprises in India. The technology which drives Tally.ERP 9 is called concurrent multi-lingual accelerated technology engine. Tally.ERP 9 is super easy to understand and use. The main function of Tally is to simplify complex accounting tasks associated with the company. Tally.ERP 9 provides comprehensive accounting, inventory, and data solutions. The software enables the encompassing of global business. Tally.ERP 9 software provides an easy interface thus rendering it operationally simple.

Benefits of Tally

  • The power of simplicity’ Tally’s motto depicts it all. It is a very handy accounting software with many features to help you ease your accounting practices. Below are mentioned some of the features that save you from big trouble.

  1. Tally provides a 360% solution in stock management, inventory management, invoicing, discounting, purchase order management, stock valuation, etc.

  2. The software lets you track even the small details of the transaction with drill-down options.

  3. It assists in maintaining the general ledger, receivable and payable accounts, bank reconciliation, etc.

  4. Tally through its technology makes the data reliable and secure. It supports all major file transfer protocols which enable file transfer across multiple office locations.

  5. Tally easily manages financial management and analysis. It provides information receivable turnover, activity consolidation, cash flow statement and even provides branch accounting.

  6. Tally is easy to set up and even simpler to use. It supports a single connection for multiple users.

  7. The software can effortlessly connect with several Microsoft applications.

  8. Tally is flexible, secure, reliable, affordable and easy to use.

  9. Tally.ERP 9 Silver edition full edition/single user is worth 18,000 INR. Gold Edition, full license/multi-user is worth 54,000 INR.

BUSY is a consolidated business accounting software mainly for small and medium enterprises. With over 20K installations abroad and India, BUSY is as famous as Tally accounting software in India.

Busy accounting software is developed to perform in three tiers, these tiers are:

  1. First-tier; Input Channel: It helps gain data from the users, processes it and generates required reports.

  2. Second-tier; Processing Channel: This step involves logical data processing wherein the data gained from first-tier is utilized for interpretation.

  3. Third-Tier; Storage: This is the part where all the data is stored for future reference.

Salient Features of Busy

Busy accounting software helps in financial accounting, production management, inventory management, sales or purchase quotations, billing and invoicing management, MIS reports & analysis, documents management, and so on. Apart from this, Busy accounting software provides Financial Accounting, Production/Bill of Material, Multi-location inventory, Sales/Purchase order processing, User-configurable documents/letter, user-configuration invoicing, VAT returns/registers, Sales tax Reports/Registers, Mfg./Trading Excise Registers, MIS Reports & analysis, Service Tax TDS/FBT.

Comparison between Tally and Busy

  • It is significantly better than Tally as it comes with both Uncleared, Cleared & All Entries options.

  • Busy accounting software can secure the number of vouchers.

  • You can create multiple formats with various columns as per need in Busy accounting software.

  • Busy enables easy TDS operations unlike in Tally where TDS operations require proper Tally training.

  • In Busy accounting software direct message can be delivered to the party.

  • In the Busy, you can generate templates & attach it with the various parties and it can load default information automatically.

  • Auto round-off vouchers are available in Busy but not available in Tally.

  • You can have multiple Alt Currency with One Account; this feature is unavailable in Tally.

  • The Busy basic software is for INR 7,200, standard software for INR 12,600, and Enterprise software at INR 18,000.

So, now after going through Busy and Tally accounting software, it is up to you to go with any software with your choice.

Is it important to learn Tally for a commerce student?