The Total Guide to Tally ERP

Tally ERP is unified business management software and accounting software from Tally Solutions Pvt. Ltd. in India. The latest Tally software products are rebranded as TallyPrime and TallyPrime Server (for enterprise companies). Tally has offered the Tally ERP 9 software since 2009. Tally’s two million customers are located in 100 countries, including the U.S. 

The redesigned TallyPrime software products include productivity enhancements for basic automation, ease-of-use, and business reports providing insights from any web browser.

Tally software, including TallyPrime, TallyPrime Server, and Tally ERP 9 accounting and ERP, are available via mobile devices with iOS and Android. Tally ERP 9 is available on desktop and via web browsers. TallyPrime and TallyPrime Server software products let users get reports from anywhere, with web browsers for remote access.

Tally accounting software includes cash management, bank reconciliation, receivables, payables, inventory, invoicing, vouchers, general ledger, and financial reports like balance sheet and income statement. 

Small businesses and mid-sized companies use TallyPrime and Tally ERP 9 software. Although Tally primarily targets small businesses and medium-sized companies, growing enterprise companies use the TallyPrime Server software product. Companies in many industries, including manufacturing, use Tally ERP. 

• Excellent multi-dimensional reports with insights

• Simple to understand software

• Business management for multiple companies

• Two-directional data syncing between company locations

• Inventory management features

• Job costing and project costing

• Advanced invoicing

• Handles GST statutory taxation in India

Users can view TallyPrime reports differently from 360 degrees, with drill-down to get more business insights and perspectives, even during voucher entry. The TallyPrime report viewing features include Change-View, Basis-of-Values, and Exception Report. TallyPrime lets users accomplish cash flow management, including managing bills, receivables, and accounts payable. 

Tally report types include accounting & financial, inventory, management, and statutory reports. 

Business owners and users without an accounting degree (who may not yet know the difference between a debit and a credit) can quickly learn to use simple Tally software. The accounting processes are intuitive. 

Tally ERP 9 lets users perform data synchronization in both directions between two company business locations, like Headquarters and a branch office. 

With Tally inventory management features, users track, forecast, and manage inventory, allowing them to achieve inventory levels and location optimization. 
TallyPrime advanced invoicing capabilities include best invoice components, multiple configurations, and multiple billing modes.

Tally ERP handles GST, indirect destination-based goods and service tax in India, as required by the Goods and Service Tax Act 2017. Features of Talley ERP 9 include statutory and taxation configurations for GST.

At the same GST link, Tally explains how to make GST work in Tally ERP 9, using a sample transaction. Tally completes the GST tax calculation for GST returns in the accounting system. Users need to enter transaction details in the Accounting Voucher Screen and Sales Voucher Screen in Tally ERP 9  first.