Are you looking out for a job in accounting field? Having knowledge of Tally is one the basic requirement for any type of accounting job. Did you know? Tally is the most popular accounting software in India. It is very easy to use, maybe that is the reason why this software has gained a huge amount of users across the globe. It is designed to simplify the complex day-to-day activities associated in an enterprise. This software provides complete solutions around accounting principles, inventory and data integrity. It has a very easy to use interface which makes it simple to operate.

 

Moreover, tally accounting software comes with drill down options, with the help of this you (a tally user) can track every detail of the transaction. It helps in maintaining the simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, and more.

 

Who Should Use Tally?

Tally ERP 9 is the most used accounting software in India. This is the basic software of other Customized Accounting Software. CA CMA CS students who have learnt Tally Accounting Software are in demand. In job interviews, companies are asking and giving more preference for Professionals who knows about Tally Accounting Software

 

Most of the Indian business/companies are small scale industries. These small scale industry companies are using Tally ERP 9 for accounting.

 

Most of the CA CMA CS Articleship training students are have to know about Tally software in their Articleship training in CA CMA CS firms.

 

If you failed in CA IPCC or CA Final (as well as CMA Inter or Final and B.Com and other accountants) you can get a job when you are highly skilled in Tally software.

 

Why Use Tally?

Tally is mainly used by companies for daily accounting, balance sheet finalization, inventory maintenance, and for generating different reports for tax filing etc.

 

The technology implemented by tally makes confidential data reliable and secure. Tally software supports all the major types of file transfer protocols. This helps the users in connecting files across multiple office locations. Financial analysis and financial management can be done effortlessly on this accounting software. It provides information on receivables turnover, cash flow statement, activity consolidation and even branch accounting. With the internet, it is possible to publish global financial reports. There are even more benefits of using tally, let’s check them out.

 

 

 

 

 

 

 

 

 

Advantages

 

1. Human Errors Are Eliminated On The Data

The software does its job on time without error and the company officials get time to concentrate on core business activities. If a company gets exact file information and exact figure on time, all activities can make a forecast for further processes and make strategic documents to improve the business. The time spent on handling accounting books and resources is reduced.

 

2. Accounting Tasks Becomes Easy

Tally accounting software provides a one stop solution to all the problems real businesses have to encounter. This single software takes care of all tasks required for enterprise management. Accounting task such as records keeping, accounts receivable and payable management and bank reconciliation are made simple through tally.

 

3. Enables Effortlessness Data Movements

There is no need to move the data file from one department to other. Everything happens automatically from the main server or the main database, as the information is automatically updated. For instance, if a person makes some entries in stock, the data has been updated at every department level and in every management. The employers can view the updated data files at their software terminal.

 

4. Financial Management Becomes Simpler

The Tally software allows management of finances across multiple locations, it can handle multiple currency transactions, manage cash flow and interest payment. Thus, financial management becomes simpler under Tally software.

 

5. Saves Cost Related To Data Collection And Data Transfer Of Files

Be it a small business or a corporate businesses, the data of inventory and accounting is required at almost every business unit. Accounting software helps you to save money and time which is spend on maintenance of paper files and accounting data.

 

So these were some advantages of using tally, if you know much benefits, do write it in the comment box below. Feel free to share your thoughts and valuable insights which can benefit the aspirants of Finance & Accounting field