Tally Accounting Software - Best Home Accounting Software

Tally is software which is very easy to use for small business owners as well as personal users. Usually instead of learning accountants, individuals as well as small business owners need to organize and manage their financial accounts and tax quickly and easily. For this purpose they go for simple accounting software rather than going for professional software. For small business owners or for personal users, both proprietary and free software are available online.

Home accounting software is having many features -

1. It is easy and simple to use. It is not associated with any complicated terms. Any people interested in using this software can use it from day one.

2. It is having tiny installation file even less than 1 MB. It can easily be carried in flash drive or pen drive.

VAT in tally

3. You can protect yourself account files with a password.

4. It is also having the feature to support multiple files. Due to this feature you can keep various types of self account files which are used for different purposes.

5. For easy browsing of entered data between all listings and reports there is an inter link.

6. You can use it as your bank book, personal stock/inventory keeper or as an assets manager. It is used to maintain your day to day accounts or for your any particular financial transactions.

7. For the purpose of maintaining their accounts and detail of all the reports, it is used by doctors, small business firms, lawyers, educational institutions, engineers, professionals, salary class people, self employed people etc.

8. For starting using self accounts no prior accountancy knowledge is required.

To fulfill your needs for the purpose of accounting this software is very helpful and it doesn't require a lot of money to spend on it. It is very helpful in making budget of your money in order so that it may last longer.

It keeps all the records of the taxes and all the financial details. Now with the help of this software it is very easy to figure out your taxes. It is very helpful in paying off the loans or even it curtails the over expenses as it can easily figure out the available fund to be spend on each area.

Always choose the accounting software which is easy to learn so that you can make full use of it. If you don't require varieties of features then some inexpensive software are also available.Visit www.tallysolutions-me.com/

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Key Accounting Features in Tally ERP 9

Managing accounts and inventory can be a daunting task for all business organisations. The accounting and inventory features in Tally ERP 9 helps businesses in recording their daily transactions and managing their accounts. All types of organisations ranging from small businesses to large multi-national companies and non-profit organisations can benefit tremendously from these highly effective accounting features that the software offers:

Voucher Entry: Flexibility and ease of its unique voucher entry system can be extremely useful for diverse transactions. According to the accounting terminology, a voucher is described as a document that contains the details of a particular business transaction. The software is loaded with a range of accounting vouchers, and each one of them is designed for a particular purpose.

VAT in tally

Calculation of interest: It offers interest calculation methods that can be defined by the user and customised for every transaction. The user can also obtain reports on the basis of interest calculated, which can be useful in knowing the balance amounts that are receivable and payable.

Ledger Integration: General Ledger, Sales Ledger, and Purchase Ledger are integrated into a single ledger in this software, and classified into different groups for achieving the required ease in management. This concept of Unified Ledgers allows for the ease of entering data and creating records.

Bill-by-Bill Tracking: This software allows bill-wise tracking of trading as well as non-trading accounts. All the new bills raised, receipts, payments and adjustments made against the bills can be tracked without any hassles.

Use of regular names for accounts: Management of complex ledger systems can be made easy using this software, as it does not use any codes for computerised accounting. Anyone can operate this system without having any knowledge of the accounting codes.

Access Control, Auditing, and Budgeting: Users can have unlimited periods and budgets, while the software's superior audit capabilities allow them to track changes and make the required corrections without any difficulty. They can also define security levels that result in robust access control.

Receivables and Payables: Bill-wise information is provided by the software of the amounts that are receivable as well as payable, which helps organisations to allocate payments against invoices and track the amounts paid by customers and the ones that are overdue. They can also segregate good customers and bad customers on the basis of payments made and the amounts due.

Support for multiple currencies: Several companies, especially the ones involved in the business of International Trade conduct transactions that involve multiple currencies. With fluctuating exchange rates, it becomes a challenge to record such transactions. Multi-currency support in this software facilitates easy management of transactions that involve foreign currencies.

Besides these excellent features, there are several others that businesses can benefit from, with the use of Tally ERP 9 software. Companies can get their Profit and Loss Accounts, Balance Sheets, Trial Balances and other statements ready in no time. With the help of ratio analysis, business owners can have total control over their business operations. The software also has certain provisions that can help record provisional entries and make comparisons with the actual accounts. Visit www.tallysolutions-me.com/

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Tally Launches New Version with enhanced VAT and GST Compliance

https://www.youtube.com/watch?v=0s4mKbkYJPU

Tally Solutions has recently announced the rollout of Release 5.5.7, the latest version of the Release 5 series from Tally.ERP 9 suite, in the event at Hotel KC Residency, Jammu.

Tally.ERP 9 Release 5.5.7 aims to help the compliance of business VAT and ensure that their transactions are correct and complete through the powerful concept of triangulation. In line with its preceding versions, Release 5.5.7 is aimed at supporting businesses with a comprehensive compliance solution for the latest VAT capabilities. In this regard, Release 5.5.7 includes all the features present in the releases before it. Additionally, users of Release 5 Series, also stand to benefit from the performance enhancement features incorporated in central taxation capabilities (Excise, Service Tax and TDS) that is applicable across the country.

VAT in tally

Commenting on the launch of the newest version, Tejas Goenka, Executive Director, Tally Solutions Pvt Ltd says, “Release 5 is already helping majority of the states in the country to comply with the present day taxes in an effective manner and also preparing them for GST as it is fundamentally based on principle of 100% accurate transactions and tax returns, being a true reflection of books of accounts. This release along with our blog (blogs.tallysolutions.com), App (Tally for GST App) and all the on ground events that we are undertaking are aimed at ensuring that we reach out to every single business in the country in the next few months before GST is implemented. The objective is to educate and prepare them for the new law so that they can move smoothly into the new tax regime and comply as required.”

Expressing his views on the launch event, Tarun Kumar, Regional Sales Manager said, “We are delighted to be bringing the power of Release 5 in helping businesses comply with the current day indirect taxes to the state of Jammu. This release will not only help businesses with managing compliance today but also be a good way to prepare for the upcoming tax structure change in GST. We invite all businesses in Jammu to take advantage of this product. ” Visit www.tallysolutions-me.com/

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Tally support in Sharjah