TALLY

1. TALLY
FULL FORM OF TALLY
Transaction Accounting and Logistics Layer
Presented by Aishwarya Singh Rathor

2. WHAT IS
TALLY
Tally is an ERP accounting software package that is used to record
day to day business data of a company. It is designed to integrate
all business operations like sales, finance, purchasing, inventory,
manufacturing and so on. Tally facilitates accurate and up to date
business information at our fingertips anywhere.
Latest version of Tally is Tally prime
SPECIAL KEY FUNCTIONAL AREA
Tally was developed by Tally solutions pvt ltd.
Accounts, Taxation, Banking, Sales
management, Purchase management and so
on.

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FEATURES OF TALLY
MULTI COMPANY
DATA RELIABILITY
GRAPHICAL REPRESENTATION
COMPLETE BUSINESS SOLUTION
CONCURRENT MULTI-LINGUAL
CAPABILITY
EASY TO USE
FLEXIBILITY
FINANCIAL MANAGEMENT
BACKUP/RESTORE DATA FACILITIES
IMPORT/EXPORT OF DATA

4. With single use operating system,
you can use tally in one operating
system only. This is helpful for
small organizations, especially
startups, where all business
operations can be done easily in
one system.
SINGLE USE TALLY
With multi user tally software, you can
use this software in multiple systems.
It is mostly used by large
organizations, schools, colleges,
hospitals, and other institutions in the
world.
MUITI USER TALLY
TYPES OF TALLY
SOFTWARE

5. IMPORTANCE OF
TALLY
ACCURATE FINANCIAL
RECORDS
INVENTORY
MANAGEMENT
DATA
SECURITY
EFFICIENCY COMPLIANCE
Tally's reporting and analysis tools
offer valuable insights into the
financial performance of the
business.
BUSINESS INSIGHTS
Maintain up to date financial
recordsincluding recording
transactions, managing accounts,
and generating financial
statements.
helps in tracking stock levels,
managing purchases and sales,
and optimizing inventory turnover,
leading to better inventory control
and cost management.
prioritizes the security of financial
data, offering features such as data
encryption, user access controls,
and regular backups.
improves the efficiency of financial
operations. It reduces manual
errors, saves time, and allows
finance professionals to focus on
strategic tasks such as analysis and
planning.
helps businesses stay
compliant with tax regulations,
including Goods and Services
Tax (GST) in many countries.

6. ADVANTAGES
OF
TALLY
Tally has a simple and intuitive interface,
making it easy for users to navigate and
perform accounting tasks.
USER-FRIENDLY INTERFACE
Tally is relatively affordable compared to
other accounting software options, making
it accessible to businesses of all sizes.
COST-EFFECTIVE
Users can customize Tally to suit their
specific accounting requirements, including
adding custom fields and reports.
CUSTOMIZATION
TRAINING AND SUPPORT
Tally provides extensive training materials
and support services, including online
tutorials, user forums, and customer
support helplines.

7. DISADVANTAGES
OF
TALLY
Tally's cloud capabilities are not as
advanced as some other accounting
software options.
LIMITED CLOUD FUNCTIONALITY
Since Tally is primarily installed on local
servers or computers, businesses may face
downtime and data loss risks in case of
hardware failures or disasters.
DEPENDENCY ON LOCAL
INFRASTRUCTURE
While updates and upgrades are necessary
to ensure compliance and security, they
may require additional time and resources
for implementation.
UPDATES AND UPGRADES
LACK OF ADVANCED FEATURES
Some users may find Tally lacking in
advanced features compared to more
sophisticated accounting software solutions,
especially in areas like project management
and analytics.

8. THANK
YOU!