Tally: The Best Entry-Level Account Software for Business

Are you worried about handling complex day-to-day business tasks? Tally offers you simple and easy-to-use accounting software that provides solutions to complex activities in an enterprise. So, you can fully control all processes with forecasts and estimates.

With much innovation and diversity in every field of business, it is necessary to automate all processes, whether accounting or resource planning. But unavailability of affordable solutions makes it difficult for small and medium companies to opt for such solutions.

Tally provides an affordable and simple solution catering to all the needs of small to large businesses. That’s why you can use its cost-effective program to scale your business according to modern standards. For more info, continue reading this article.

After installation, you can experience different features of Tally with one restriction. You are not allowed to make transactions; instead, some days are fixed for monthly payments. Also, you can call a company representative if you need help installing the software.

What is Tally?

Tally is a powerful business management software designed to help businesses efficiently manage business tasks. Tally accounting software manages accounting, invoicing, banking, cash and credit card management, taxation, payroll, stock evaluation, and more. 

The software provides comprehensive solutions for tracking every transaction in detail. Also, it helps in classifying simple accounts, ledger accounts, account receivable and payable, and bank reconciliations. 

It also provides seamless financial analysis and financial management. Its services include information about receivable turnover, cash flow statements, activity consolidation, and even branch accounting. 

You can have peace of mind about your data security as Tally uses secure transfer protocols. It provides a reliable and secure connection between multiple office locations. Also, you can use various Microsoft applications when using Tally. 

What are the Benefits of Tally?

Tally is an all-rounder software when it comes to business management. It incorporates a complete package of essential features for running your business at its full potential. Below are some of the benefits of Tally:

• It is a simple and robust software
• It is easy to learn
• Companies can use it for several solutions like accounting, stock, GST, payments, and more
• It offers remote capabilities to boost productivity
• Customization is easy
• It offers lifetime license in a one-time payment
• It gives insights and actionable reports about different business processes

Every business person knows well how essential it is to be aware of the company’s financial condition. Maintaining proper books of account ensures that the company’s finances are in order and correct at all times. It gives an idea of any changes in the pattern of expenses. 

Features 

This software comes with a number of features to help manage all the activities of a business. It has over 7 million users worldwide. You can manage stocks, access profit and loss statements, cash flow projections, etc. Such robust features make Tally a complete package for your business. 

Cost-effective and Easy

Tally is user-friendly and comes with an intuitive, easy-to-use interface. Even a novice can use this platform. Moreover, the software is cost-effective and handles large data at a low cost. The results are speedy and accurate, which is helpful in business planning and decision-making.

Data Security

It ensures the utmost security of users’ sensitive data. One good thing about Tally is that it adjusts according to your business needs. So, whatever the size of your business gets, it is flexible enough to cater to changing data security needs.

This software is fully prepared to fulfill compliance needs, so you don’t need to worry about GST compliance. Tally is also accessible from mobile, so users can access it anytime, saving time.

Automation

Tally is famous for its time-saving capabilities as it automates routine business operations like time-consuming manual calculations with automated ones. It maintains real-time financial records like taxes, payments, net deductions, and bonuses. This saves time, money, and effort for small businesses. 

Payroll Management

Some companies use Tally specifically for payroll management. This feature of Tally facilitates the salary disbursement to employees. Additionally, Tally has made auditing easy for companies. It helps companies to follow all the rules and regulations of GST. 

Flexible and Agile to Operate

Tally is flexible and responds promptly to changes in the business ecosystem. Its resilience and agility enable managers to scale business according to changing needs. Business owners can utilize the vast capabilities of Tally to their advantage due to its diversity and customization. 

Customization enables managers to adjust the Tally according to corporate needs. Thus business managers can rely on it and save time for more strategic tasks and decision-making. You can install it in minutes without complex hardware and software requirements.  

Document and Data Management

Tally comes with archive folders to save bills, invoices, receipts, and vouchers. Thus, companies can manage their documents with ease using Tally. You can also use it in conjunction with the Internet to publish global financial reports. 

Quick and instant access to billing files helps companies access vital data when needed. As a result, business owners can keep track of inventory and replenish essential items on time. 

Pricing

The pricing structure of Tally is simple. It depends on the number of users. It offers two plans for its customers. The first plan is silver for a single user and single PC, while the second is Gold for multiple users. Below are the plans and pricing of Tally in the table:

Final Thoughts

Tally or TallyPrime is all-in-one accounting and business management software that comes in handy to perform complex business tasks. It is used in diverse fields by accountants, planning teams, and small to mid-size businesses. 

The inventory capabilities of Tally can help manufacturers, distributors, and traders in stock accounting. So, what are you waiting for? Use This magical tool to run your business efficiently by managing day-to-day manual tasks. Don’t forget to mention your opinion in the comment section below.