Tally is an accounting software that evolved to become a full business management software. However, most Tally users only utilize the accounting features and are unaware of other useful features like inventory management, bank reconciliation, payroll, multiple currencies, and cost/profit centers. This document outlines these additional Tally features and encourages users to leverage them fully to better manage their businesses. It concludes by offering training from the company Antraweb to help users understand and make the most of Tally's full capabilities.

1. 80% Users use 20% Tally

2. Introduction
• Tally was made with an aim to create an accounting software that
would record all the financial business transactions involved in a
business.
• As time passed, the software evolved from an accounting software
to a full-fledged business management software, but the people who
were used to using the accounting part of the software continued
using only that much of the software.
• Thus, the software is still famous as an accounting software. This
has led to 80% Tally users using only 20% of the Tally features.
Which has, in, turn led to the waste of Tally’s potential.
• This article will shed some light on how you can use your Tally
software to its complete potential.

3. Inventory management
• Tally might be well known for its accounting features
but another amazing feature of tally is inventory
management. Using this feature you can track your
stock which helps to take important decisions as to
when to re-purchase new stock. This helps to make
optimum use of the resources without them being
wasted. Most businesses have raw materials which
are then processed to form the final finished good. In
such a business, Tally.ERP 9 provides features to track
these materials.

4. Bank Reconciliation
• Bank reconciliation is made available in tally.ERP 9. This
bank reconciliation statement, helps the user to know if
there is a difference between the amounts in bank
passbook and the cash book (bank balance). Manually
preparing the Bank Reconciliation statement can prove
to be a daunting task as it may lead to various manual
errors which may, in turn, lead to huge company
losses. Keeping this in mind tally came up with the BRS
feature. Now you can quickly generate the bank
reconciliation statement directly in tally thus making the
whole process manual error-free. And the user can
quickly check if there are any mismatches and rectify it
as soon as possible.

5. TDS
• Calculation of TDS under the GST scheme can
be a critical task as there are many unique
cases that may require TDS to be deducted at
different rates. This is where Tally.ERP 9 comes
to the rescue as it helps its users to auto-deduct
the TDS thus it saves time and is easy to
implement.

6. Tally vault and Tally data security
• Keeping in mind the data security for the
valuable Tally data, the Tally Vault option is
made available in Tally. It allows you to set a
password for the data. Thus the data is
encrypted and anybody who does not know the
password, cannot access the data.
• Similarly, there are other features such as one
can set user activities such as owner, data
entry, etc. The rights once assigned cannot be
changed by the user. Only the admin has the
rights to change the rights of any user.

7. Payroll
• About one-fourth of the Tally users use the
Payroll feature in Tally as the rest of the users
are not sure of how they can benefit from this
feature or they simply do not know how to use
this feature. This feature in Tally helps to
maintain the complete employee details such as
his/her attendance details, loan details, etc. It
provides comprehensive cost centre as well as
employee wise expense reports in Tally.ERP 9.

8. Multiple currencies and languages
• Tally is widely used both in India as well as
internationally. This is why tally provides you with
options to use multiple currencies and multiple
languages in Tally to record transactions and
other details.

9. Cost/Profit centres
• Cost centres are used to track the expenses of a
particular region. Tally provides features to maintain all
details cost centre-wise to help you keep a track of
your expenses in Tally itself. Thus the whole process is
recorded in Tally. Cost centre-wise reports can be
generated in Tally which gives the whole picture of
how much expenses were incurred on a particular
project.

10. Conclusion
• Many other features like cheque management, Outstanding management which
includes bill-wise details, interest calculation, etc.Other than that you can also
maintain budgets in Tally and compare your set budgets with the actual figures.
• There are hundreds of other features in Tally that I have not mentioned in this
article. These features can actually help you manage your whole business but
that is possible only if you know how to use Tally.ERP 9 according to your
unique business requirement. Once you start using all the features in Tally that
will benefit your business, you will soon be able to save your valuable time and
other resources.
• So what can you do if you do not know most of these features?
• Well, Antraweb being a 5-star Tally Master Partner, has decided to train all its
customers about these unique features and help them use Tally.ERP 9 to its full
potential. Get in touch with us today to know 100% Tally.

11. Thank you
AntrawebTechnologies Pvt. Ltd.
Location:Mumbai|Pune|Hyderabad
Email:info@antraweb.com
www.antraweb.com
+91 8448449099