The first version of Tally was released in 1988 and through continuous development, it is now recognised as one of the leading accounting packages across the globe. What sets a company apart is as much in its DNA as its business accomplishments. Tally has differentiated itself emphatically on both counts. Since its inception in 1986, when it was steered by the visionary and passionate Late Shri S. S. Goenka, to its standing more than two decades on as India’s leading business management software product company, Tally has come a long way.
Over two decades of technological innovation and relentless perfection cannot but show. Tally products are transforming businesses across industry in over 94 countries. More than half a million business users are testament to its product philosophy ...defined by the 'Power of Simplicity'.
After Tally, businesses in India were never the same. With Tally, their future looks strong. At Tally, the revolution is very much on.
Tally empowers business owners to manage their business smoothly. Designed to keep in mind the needs of the Indian Businessmen, it has several key additions in terms of functionalities. The multilingual capacity of Tally gives tremendous freedom of communication that one can maintain business accounts in any language. Tally Silver/Gold incorporate multiple language support at different levels. The accounting software helps the user to interact with the software using menu options in different regional language.
Using Tally we are able to send separate documents to suppliers, business associates, customers etc., in their language, while maintaining accounts in our language. So language is no longer a barrier in this software. Tally takes one more significant step towards ensuring that concrete business advantages are realized from accounting on computers.
The advance technology empowering Tally allows us to:
Over two decades of technological innovation and relentless perfection cannot but show. Tally products are transforming businesses across industry in over 94 countries. More than half a million business users are testament to its product philosophy ...defined by the 'Power of Simplicity'.
After Tally, businesses in India were never the same. With Tally, their future looks strong. At Tally, the revolution is very much on.
Tally empowers business owners to manage their business smoothly. Designed to keep in mind the needs of the Indian Businessmen, it has several key additions in terms of functionalities. The multilingual capacity of Tally gives tremendous freedom of communication that one can maintain business accounts in any language. Tally Silver/Gold incorporate multiple language support at different levels. The accounting software helps the user to interact with the software using menu options in different regional language.
Using Tally we are able to send separate documents to suppliers, business associates, customers etc., in their language, while maintaining accounts in our language. So language is no longer a barrier in this software. Tally takes one more significant step towards ensuring that concrete business advantages are realized from accounting on computers.
The advance technology empowering Tally allows us to:
- Enter input data in the language of our choice.
- Capture language-specific aliases for all masters.
- Print reports, vouchers and invoices in any language, based on the information input in a language-specific alias through transliteration.
- Enter data through normal as well as phonetic keyboards.
- Interact with the menu options in a vernacular language, by choosing from the list of built-in interface languages.
It is worth confirming that Tally maintains full, auditable, double-entry book-keeping exactly as you would expect with a manual ledger system. All financial transactions are recorded at the level of detail we specify, and Tally has the capacity to handle millions of transactions - more than we are ever likely to need.
Tally follows the 'Single Ledger' concept of accounting, which is the modern way of managing accounts. This is in direct contrast to Subsidiary Ledger Accounting. Thus, all financial entries are performed using ledgers or account heads. Ledger account heads are created to identify transactions. The single ledger concept does away with the need for sub-ledgers and corresponding control accounts in General Ledger. Ledger balances by themselves do not convey much without some form of classification.
Debit and credit entries in the books are kept separate to highlight the effect of each transaction and the difference between the sum of all the debit amounts and the sum of all the credit amounts provides the balance of the account.
Tally, therefore, gives us a powerful way to group ledger information, which is meaningful in reports and compliant with laws. Groups, in Tally serve to both classify and identify account heads according to their nature and enable presentation of summarised information.
A powerful feature of Tally allows us to create a personalised chart of accounts to reflect the nature of our business and how we wish to keep the books.
Understanding Classification of Groups & Ledgers
All financial entries are performed using ledgers or account heads.
Ledger account heads are the actual account heads to which we identify the transactions - that is - we pass all voucher entries using ledgers.
Ledger of same nature of transacton should be classified under a group, to understand the transactions in total. A Group is a collection of ledgers, which are similar in nature of transaction. By this classification one can generate reports, which are both meaningful as well as compliant with laws.
Traditionally, grouping of accounts is a post-accounting activity that is done only when reports are needed. This has an inherent drawback of delayed reports that are not available at had when required. Tally gives us great flexibility in setting up our chart of accounts. It allows to group ledger accounts right at the time of creating our accounts chart. Our reports and statements will reflect the desired classification at all times.
Further, Tally permits us to re-group our ledgers anytime. However, re-grouping can be done only by a user account that has requisite authority under the access control list.
At the highest level of grouping, accounts are classified into capital or revenue - more specifically into assets, liabilities, income and expenditure. Based on mercantile accounting principles, Tally provides a set of reserved groups and allows us to modify their names or create sub-groups.
Tally follows the 'Single Ledger' concept of accounting, which is the modern way of managing accounts. This is in direct contrast to Subsidiary Ledger Accounting. Thus, all financial entries are performed using ledgers or account heads. Ledger account heads are created to identify transactions. The single ledger concept does away with the need for sub-ledgers and corresponding control accounts in General Ledger. Ledger balances by themselves do not convey much without some form of classification.
Debit and credit entries in the books are kept separate to highlight the effect of each transaction and the difference between the sum of all the debit amounts and the sum of all the credit amounts provides the balance of the account.
Tally, therefore, gives us a powerful way to group ledger information, which is meaningful in reports and compliant with laws. Groups, in Tally serve to both classify and identify account heads according to their nature and enable presentation of summarised information.
A powerful feature of Tally allows us to create a personalised chart of accounts to reflect the nature of our business and how we wish to keep the books.
Understanding Classification of Groups & Ledgers
All financial entries are performed using ledgers or account heads.
Ledger account heads are the actual account heads to which we identify the transactions - that is - we pass all voucher entries using ledgers.
Ledger of same nature of transacton should be classified under a group, to understand the transactions in total. A Group is a collection of ledgers, which are similar in nature of transaction. By this classification one can generate reports, which are both meaningful as well as compliant with laws.
Traditionally, grouping of accounts is a post-accounting activity that is done only when reports are needed. This has an inherent drawback of delayed reports that are not available at had when required. Tally gives us great flexibility in setting up our chart of accounts. It allows to group ledger accounts right at the time of creating our accounts chart. Our reports and statements will reflect the desired classification at all times.
Further, Tally permits us to re-group our ledgers anytime. However, re-grouping can be done only by a user account that has requisite authority under the access control list.
At the highest level of grouping, accounts are classified into capital or revenue - more specifically into assets, liabilities, income and expenditure. Based on mercantile accounting principles, Tally provides a set of reserved groups and allows us to modify their names or create sub-groups.
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