Tally.ERP9 | Introduction | Uses | Objectives of Tally
Introduction of Tally
Tally is the accounting software used for maintaining business accounts and personal accounts and it works on basic accounting principles. It helps us to track and manage all of our accounts, sales, debts and everything else related to the running of our business.
Shyam Sunder Goenka and Bharat Goenka is the father of tally. Actually, the full form of Tally is Transactions allowed in linear line yards and the full form of ERP is Enterprises Resource Planning.
Uses of Tally:
1. Sales, inventory and purchase management.
2. Integrated payroll management.
3. Access and security control.
4. Statutory compliance.
5. GST invoicing.
6. Budgets and scenario management.
7.Payroll accounting.
8.Business forecasting.
7.Payroll accounting.
8.Business forecasting.
Objectives of Tally:
Tally is designed to impart knowledge regarding concepts of financial accounting. Tally is an accounting package that is used for learning to maintain accounts. It is very useful for any students to get placements in different offices as well as companies in accounts departments.
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