TALLY

Tally is an ERP accounting software package used for recording day to day business data of a company. The latest version of Tally is Tally ERP 9. Tally ERP 9 Software is one acclaimed financial accounting system and inventory management system with power computer. Tally ERP 9 is one best accounting software that can integrated with other business applications such as Sales, finance, Purchasing, Payroll, Inventory, etc. Tally software stores all the business transactions of each account in detail. Tally ERP 9 follows double entry accounting system and hence eliminates and rectifies possible errors.

(a) BENEFITS

• It has easy user interface.
• Time saving.
• Can generate invoices and various reports easily.
• It is secured and has budgetary controls.
• Can maintain inventory records easily.
• Easy to check variance between budgeted and actual

(b) SCOPE OF TALLY

• 1. Book Keeper
• 2. Bank Reconciliation Accountant
• 3. Stock Maintainer
• 4. Payroll Accountant (who handles Employees Wages, Salary Payments, Records of Employees details, Attendance etc.)
• 5. Billing Staff.
• 6. Freelancer
• 7. Tally Accountant (which included all of the above works) etc.

As an accountant, you will likely face challenges like cash flow management, taxes management, managing payroll, bookkeeping, managing finances, and performance evaluation. The Tally program package enables users to calculate monetary quantities, accountancy, tax, and GST (Goods and Services Tax) amounts, as well as manage commercial transactions effectively and efficiently.