When dealing with ERP software, Tally provides Tally.ERP 9 tailored for small and medium-sized businesses, aiding them in efficient enterprise management. Over a span of more than three decades, Tally.ERP 9 has been widely adopted by business owners throughout India for overseeing daily operations and generating essential business reports that contribute to critical decision-making. Tally.ERP 9 boasts an extensive array of robust features, enhancing its reliability and flexibility for users. The following outlines Tally ERP 9 Software and its Features.
Accounting Management in Tally.ERP 9 Software
Tally.ERP 9 empowers business owners to effortlessly generate and monitor sales vouchers, providing detailed reports based on daily, weekly, monthly, or yearly sales data.
The software facilitates the seamless creation of purchase vouchers, enabling business owners to access supplier-specific purchase details with ease.
Efficient order processing and tracking capabilities are embedded within Tally’s ERP software, streamlining these essential business operations.
Comprehensive support and functionality are provided for creating various types of vouchers, including journal, payment, receipt, and contra vouchers, catering to diverse business needs.
Banking Transactions Support in Tally.ERP 9 Software
Tally.ERP 9 simplifies cheque management for business owners, allowing the generation of cash/cheque deposit slips and efficient tracking of transactions.
The software proves to be a valuable tool for reconciling business transactions with bank statements. By uploading a soft copy of the statement, users can quickly obtain a list of reconciled transactions based on reference numbers.
Tally.ERP 9 extends support for transactions made through e-payments across multiple banks, enhancing flexibility and convenience for businesses.
Inventory Management
Tally.ERP 9 offers a highly flexible stock management system, allowing users to define unlimited stock groups and categories to organize stocks efficiently. This includes arranging stocks based on groups and categories, providing a comprehensive overview of stock status across different locations.
For businesses with diverse requirements, the software allows the creation of multiple godowns, facilitating the tracking of stock on a godown-specific basis. Additionally, users can establish multiple price lists tailored to different customer types. Tally.ERP 9 supports batch management, enabling businesses to manage stocks with batches effectively, and users can access stock summary reports to gain insights into the overall stock position. If you’re keen on mastering Tally and exploring its features, you might consider enrolling in a Tally Training in Chennai to acquire in-depth knowledge and practical skills.
GST Compliance in Tally.ERP 9 Software
Tally.ERP 9 simplifies the process of filing GST returns, providing comprehensive support for GSTR-1, GSTR-2, and GSTR-3B. The software is designed to handle various GST transactions, including reverse charge scenarios and advances.
For GSTR-2, users can generate the form in JSON directly within Tally.ERP 9 and file the return. Buying dealers can add missing purchase invoices, including those related to imports and reverse chargeable services, to claim their Input Tax Credit.
Moreover, the software facilitates the generation of reports highlighting mismatching or missing invoices, allowing business owners and GST practitioners to promptly communicate discrepancies to suppliers for quick reconciliation.
A notable feature of the latest Tally release involves marking vouchers in which changes are made during the invoice matching process. This enables users to update the books without concerns about data overwriting or the inadvertent erasure of appended transactions. If you’re looking to master Tally and advance your skills, you might consider exploring a Tally Course in Bangalore to receive comprehensive training and practical insights.
Easy Access to Business Reports
Tally.ERP 9 empowers business owners by providing instant access to crucial financial statements such as the Balance Sheet and Profit and Loss statement with just a single click. This feature enables quick and informed decision-making before important business actions.
Moreover, the software offers a variety of insightful reports, including payment performance of parties, item-wise profitability, cash flow, fund flow, and more. These reports serve as valuable tools for business owners to analyze and understand the financial health of their enterprise, facilitating strategic decision-making.
Budgets and Controls
Tally.ERP 9 stands out with its Budgets and Controls feature, a crucial aspect of ERP software. This feature enables businesses to allocate budgets to different departments or cost centers, allowing them to monitor and manage expenses in each unit effectively. With Tally.ERP 9, businesses can define budgets for cost centers and closely track expenses against these predefined budgets.
Moreover, the software offers the capability to set credit limits for parties. When processing transactions, Tally.ERP 9 issues warnings if a transaction is about to exceed the defined credit limits. This proactive approach helps businesses maintain financial discipline and avoid exceeding set thresholds. If you’re looking to enhance your skills in Salesforce, a leading customer relationship management platform, consider exploring Salesforce Training in Chennai for comprehensive training and expertise.
Manage Unlimited Companies and Group Companies
Tally.ERP 9 offers the flexibility to handle data for multiple businesses under the same license. Users can access consolidated reports by creating a Group Company within the ERP software. This key feature allows users to view the financial status of their Group Company and facilitates the comparison of financial reports between different quarters. The ability to manage multiple businesses seamlessly within a single system enhances efficiency and provides a comprehensive overview of the overall financial health of the business group.
Security Features in ERP Software
The Tally Vault password serves as an encryption layer, ensuring the protection and confidentiality of data by preventing unauthorized access.
User-level access and controls can be precisely defined and granted through the configuration of User Management settings. This feature allows businesses to establish tailored access permissions, enhancing security and ensuring that users only have the necessary privileges for their designated roles within the system. If you’re interested in mastering Swift, a powerful programming language developed by Apple, you may want to explore Swift Developer Training in Bangalore to deepen your skills and stay updated with the latest advancements.
Version and Pricing of ERP Software
Tally.ERP 9 is offered in two versions: Tally.ERP 9 Silver and Tally.ERP 9 Gold.
– Tally.ERP 9 Silver: This version provides a single-user license and is available at a price of Rs. 18,000/- plus applicable GST.
– Tally.ERP 9 Gold: Designed for multi-user functionality, this version offers a license priced at Rs. 54,000/- plus applicable GST. With the Gold version, an unlimited number of users can simultaneously work within a single LAN environment, enhancing collaboration and efficiency. If you’re looking to understand the intricacies of GST and its integration with accounting software, consider enrolling in GST Training in Chennai to gain comprehensive knowledge and practical skills.