What is Tally | Tally Technology Blog

What is Tally?

• Tally is an ERP accounting software package that is used to record the day-to-day data of a company. The latest version of Tally is Tally ERP 9.
• Tally ERP 9 software is one of the most financial accounting systems used in India. For small and medium enterprises, it is full enterprise software. It is a GST software that has an ideal combination of function, control and inbuilt customisability.
• ERP 9 is the best accounting software. This software can integrate with other business applications such as inventory, finance, sales, payroll, purchases, etc.
• Tally software is used to store all the business transactions of each account in detail. Tally has simplified calculations. Tally has become a part of all businesses.
• SSI believes that Tally software performs efficient business transactions, provides accuracy, and saves a lot of time.
• Manual calculations are time-consuming; Therefore all organizations use Tally.
• Due to tally, the probability of error decreases to a great extent. Tally software can be learned at home or at designated institutions. It is self-explanatory and easy to learn.
• Tally cost effective and saves time. It also ensures accuracy in business management. This enables digitization of bills and signatures, thus keeping up to date with the latest technology.
• Using Tally ERP 9 training, a small shop owner can also manage their store, keep records of customer bills, and manage financial transactions efficiently.

Versions of Tally

• Tally 4.5 was the first version of Tally. It was released in 1990. The software is based on MS-Dos.
• Tally 5.4 was the second version of Tally. It was released in 1996. This was a graphic interface version.
• Tally 6.3 was the third version of Tally. It was released in 2001. This version was window based. It supports printing and implementation with VAT (value added tax).
• Tally 7.2 was the next version of Tally. It was released in 2005. It was added as a stare wise rule with new features of statutory complimentary versions and VAT rules.
• Tally 8.1 was the next version of Tally. It was developed with a new data structure. This was combined with new features of point of sale (POS) and payroll.
• The next version was Tally 9. It was released in 2006. This version was released due to bugs and errors. This version has maximum features like TDS, FBT, Payroll, E-TDS filling etc.
• The latest version of Tally is ERP 9. It was released in 2009. The Tally ERP 9 package is providing maximum features for small to large commercial industries. It (goods & service tax) also updates with new features of GST.