INTRODUCTION OF TALLY

Tally is an accounting application that is used perform different types of accounting tasks such, Stock management, Ledger, and Voucher entries, Create payroll system, Generate different types of  reports Like (Balance Sheet, Profit and Loss a/c, Trial Balance, etc.)

TALLY - FUNCTIONS

Company Creation: Company just like a container for all types Inventory items, Ledgers, Vouchers and Reports and in tally before performing any task, we have to create a company.

Here tally provides features to create, delete and update an already existing company.

Inventory: Tally provides facility to create and insert several types of stock details by using inventory features.

Ledger: We can create different types of ledgers by using of already existing groups.

Voucher: In tally, we can insert Journal, Payment, Receipt, Contra and other types of vouchers with the help of already existing voucher groups.

Payroll system: Tally also provides employee details and their salary details management by payroll system.

Reports:  Tally automatically generate various types of accounting reports such (Profit & Loss Account, Balance sheet, Tax reports, inventory reports and so on)

OTHER ERP ACCOUNTING SOFTWARE

1. SAP (System, Applications, and Products): This application developed by a German company and it also used to perform different types of accounting tasks. 

2. Busy: This is another popular accounting application and used as an alternative for Tally in various areas.