What is Tally – A Detailed Overview

Tally is popularly known as an accounting software for small and medium businesses. It does all the functions of accounting that a particularly mid sized business has. This is the view of most of the persons who know about Tally.

But Tally does much more than that. Tally is not just an accounting software. After the release of ERP version of Tally, the capability and functioning of Tally is much more widened and extended to a great extent.
For example (I give this example often to various people) did you know that you maintain Employees information in Tally? 

Right from his/her name to everything about duties, work, profile, groups and so on. This is could be a great feature if a business has a number of employees working in the business.

This was just one example and there are hundreds (if not thousands) of examples I can give you about Tally like the one above.

So what exactly is Tally?
I have broken the whole explanation into different parts for your ease.

What is Tally

Well, Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore it is known more for accounting rather than any other of its features.
If I have to mention a single software for a business need even if the business is just starting out, Tally is the one which I would recommend.
The reason for this recommendation is because Tally does all the things that a business at a time of starting up requires.
For example, if you are starting out a general store, what would you require?

1. Accounting
2. Billing
3. Sales and profit analysis
4. Banking
5. Inventory
6. Taxation (VAT, TDS, TCS)

I have brainstormed the needs of a newly opened general store which are all covered by Tally. There are more functions than this like Audit, Payroll, Manufacturing and so on which if needed can be used.
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.

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