Right fromIncome Tax, VAT, Excise, Customs and Service Tax everything is taken care of by Tally. 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. As per my opinion this will save a lot of valuable time.Ī business cannot operate in isolation. BRS will eliminate the tedious task of reconciling the bank statements with the books of accounts. Most important function in Banking is Bank Reconciliation. You can directly print cheques, maintain cheque register, create deposit slips and payment advice in Tally.ERP 9. Though it was not present in earlier versions of Tally but is there in Tally.ERP 9. Banking functionality is very well covered by Tally. In this era of digitization, without banking no business can survive. In Tally you can classify inventories on the basis ofgroups, units, tariff (applicable for goods on which VAT is levied), different stock items, godowns in which they are located. Effective inventory management can save huge amount of costs especially if you are functioning in a manufacturing environment.
This reduces redundancy in entering a big amount of data.Īs billing is an inevitable part of a business and so is the inventory. 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. Actually billing is included in Accounting feature discussed above but it has somewhat a separate function rather than accounting.
Bank charges entry in tally erp 9 software#
This was just an example of a general store and almost any business which requires a software for its functioning, Tally can be a best fit.īilling is an inevitable part of any business and it’s care is duly taken by Tally. There are more functions than this like Audit, Payroll, Manufacturing and so on which if needed can be used. The reason for this recommendation is because Tally does all the things that a business at a time of starting up requires.įor example, if you are starting out a general store, what would you require? If we have to mention a single software for a business need even if the business is just starting out, Tally is the one which we would recommend.
And traditional functions of a business are handled as capably as the more advanced.
Comprehensive capabilities allow Tally.ERP 9 to meet the needs of small to large businesses with dispersed operations. It has grown from a basic accounting package into a simple-yet- sophisticated business management software product. Tally.ERP 9 – the latest evolution of the Tally series-took 3 years and the dedicated efforts of 200 developers to create. Therefore it is known more for accounting rather than any other of its features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features.
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