Question
What are the salient features in Tally?
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Answer
SALIENT FEATURES OF TALLY:
Tally 9 is very popular Accounting software. A person who just knows basics of Accounts can operate Tally Software easily and can generate instant reports which help the management in taking quick decisions. Its latest version 9 makes it very unique as it has various features as follows:
Tally 9 is very popular Accounting software. A person who just knows basics of Accounts can operate Tally Software easily and can generate instant reports which help the management in taking quick decisions. Its latest version 9 makes it very unique as it has various features as follows:
- In Tally, inventory management is possible. Once the available units are entered in it, updated stock summary after each transaction can be obtained.
- There is no need of keeping record of salary and wages separately as Payroll feature facilitates the same.
- Preparation of Tax reports and tax filing work becomes very easy in Tally as Balance Sheet, P & L statement, TDS returns, Excise forms, VAT forms, Service Tax returns etc. can be generated easily in Tally at any point of time.
- To find out the cost of a particular job is very easy as Tally provides cost centre facility in it.
- Syncronization of data is another main feature of Tally which facilitates to manage the data over different locations.
- Various MIS reports can be generated easily and Budget can be maintained in Tally.
- It also calculates interest on outstanding amount.
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