Tally is a popular Enterprise Resource Planning or ERP software package used for recording day to day business data of a company, primarily by accountants but is also used by non-accounting experts for the other features Tally has to offer. Tally helps automate and integrate your business operations like purchase, finance, sales, inventory, manufacturing, etc.
Enterprise resource planning (ERP) is a kind of software that is designed to help organizations manage their day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite includes enterprise performance management, software that helps plan, budget, predict, and report an organization’s financial results.
Tally ERP Software is amongst the most used financial accounting systems in India by small and medium enterprises. It is a customizability GST software that offers a combination of function and controls. Tally can seamlessly integrate with other business applications like Inventory, Finance, Sales, Payroll, Purchasing, etc. It is a software used for recording all business transactions pertaining to each business account. Tally has become a part of pretty much every small/medium scale business in India due to the efficiencies it adds to the business. It has made accounting calculations simple and provides more accuracy, and saves time and effort.
Businesses that perform manual calculations and maintain books of records by hand spend a lot of time performing the same calculations and organizing that Tally could have done in a fraction of the time spent. What adds to the charm of Tally is how easy it is to use and has a very simple learning curve. Aspiring experts can practice and learn Tally professionally with Indra Institute via our online or classroom program. Tally is very accessible to a large number of users due to its easy to use interface and systems, furthermore there is no need for coding/programming, it is very robust and stable while providing powerful features. It executes in real-time, operates at a high speed, and has very reliable support and community. Moreover, Tally is multi-lingual which adds to its accessibility.
Advantages of using Tally
Tally systems integrate business processes and enable the flow of data between them and sourcing data from various sources the company uses to store data. Tally ERP system is also smart enough to identify and eliminate duplication of data and also maintain data integrity. ERP systems are critical for managing modern businesses of all sizes large, medium or small to keep up in the current business landscape. Tally can be either on-premises i.e. maintained on a network infrastructure maintained within the company or on the cloud i.e. maintained on a hosted network managed by external server providers such as AWS, Azure, etc. They are used to manage all aspects of financial management, human resources, supply chain management, and manufacturing with your core accounting function in a production-based or distribution business.
Tally being integrated systems acts as a business’s central repository and a hub for distributing data across various departments and keeping updated records in sync with the other sources in the company. Following are some of the benefits of implementing an ERP system:
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