Preview

Tally

Powerful Essays
Open Document
Open Document
4442 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tally
MYOB (Mind Your Own Business) is an Australian-based technology company that provides financial software and products to businesses in Australia and New Zealand. While the company offers over 100 services and products, it is mostly known for its suite of accounting software for small to medium-size businesses. MYOB's mission is to help businesses by providing user-friendly accounting software. According to the company, over 1 million businesses in Australia and New Zealand use MYOB softwar
Tally 7.2 - an Integrated Enterprise Solution with Complete Accounting, Inventory and Reporting capabilities.
Tally 7.2 provides a total solution that helps you to manage your accounts and inventory. Its vast array of management reports puts you on top of your operations be it a small business or a large one or even a non-profit organisation.It is a package introduced along with VAT feature..

Accounting Features :
1)Accounting without CODES
2)Unified Ledgers
3)Complete Book-keeping
4)Comprehensive Accounting
5)Multi-Currency Accounting
6)Receivables and Payables
7)Ratio Analysis
8)Budgeting, Auditing and Security Control
9)"Scenario" management
10)Unlimited Cost/Profit Centres
11)VAT and Sales Tax handling

Inventory Features ::
1)Multi-location Stock Control
2)Comprehensive recording of stock movement
3)Variety of management reports
4)Aged stocks Analysis
5)Batch- related stock reports
6)Re-order levels
What is the use of Tally software? * 6 years ago * Report Abuse shailyji Best Answer - Chosen by Voters
Tally is an accounts and inventory management software which is having many other features too. With the latest version of this software Tally9 you can
1. do all basic accounting functions,
2. Manage your store and items,
3. do the job costing,
4. manage payroll,
5. get many mis reports which are useful for day today functions,
6. file your tax returns like prepare balance sheet, profit and loss statement, VAT

You May Also Find These Documents Helpful

  • Good Essays

    Management should add quantity sold, unit price per item, and ending inventory. By looking at just the dollar amount sold, one will not know if the sales amounts were high based on the quantity or based on the unit price per item. A more detailed report should be used to help management make decisions on inventory.…

    • 547 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The software as mentioned earlier can be acquired for free. To find free inventory control software I would recommend extensive research of a few programs and try to read some reviews and ask some questions about them. Quickbooks can be purchased to track inventory and even help with accounting. Quickbooks can be obtained from Amazon.com for as low as $272 (Amazon.com 1996-2014). A service like Tally Soft can be purchased but pricing is quoted after discussing it with a representative.…

    • 755 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In businesses today, it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore, before any system is updated or changed, the accounting system must be considered and analyzed for compatibility and integration. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a comprehensive Retail Enterprise Management System (REMS)”, according to the Kudler Fine Foods intranet. REMS is a modular system which contains a General Ledger, Accounts Payable, Point of Sale, Bank Reconciliation, and Asset Management and Accounting modules. To save money, the Asset Management and Accounting module was not purchased since the stores are all on long term leases and the remaining assets can be “controlled and amortized” by using spreadsheets.…

    • 986 Words
    • 4 Pages
    Good Essays
  • Good Essays

    References: Bourgoin, A. (2010, April). 7 Things to Consider Before Buying Small Business Accounting Software. Retrieved from http://www.smallbizskills.com/small-business-tips/7-things-to-consider-before-buying-small-business-accounting-software/…

    • 793 Words
    • 4 Pages
    Good Essays
  • Good Essays

    First, the table organizes the financial data into department, then financial account codes, item, and then sums the total amount of transactions for the code and then counts how many quantities of the items were in inventory during the period.…

    • 851 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    acc400 week one

    • 286 Words
    • 2 Pages

    Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2007). Financial accounting: Tools for business decision making (4th ed.). Hoboken, NJ: John Wiley & Sons…

    • 286 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The success of any organization is heavily based on its ability to appropriately handle every aspect of its financials. Those aspects include a range of financial activities that include the inflow of cash and the outflow of cash which can be affected by a number of events including the raising of revenue through products or services, investments, purchases, debts and sales to name a few. With the number events that can take place within a particular reporting period, it is important that those transactions be monitored and tracked so that year end reports can reflect the most accurate overview…

    • 848 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    DKH Enterprises Inc. Lantana, Florida Office Manager 08/2005-04/2014 • Create monthly reports being given to the Accountant • Maintain company records up to date. • Make federal income tax payments. • Invoice customers and collect payments • Pay sales tax to the Department of Revenue • Assist customers with inquiries and sales • Maintain customer accurate information • Problem solves with vendors and customers • Process vendors payments • List and track bank deposits • Process incoming and outgoing mail • Supervise employees • Complete customer information on Department of Motor Vehicles forms • Maintain customer information up to date on…

    • 288 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Tally's Summary

    • 350 Words
    • 2 Pages

    In this part of the story Tally becomes 16 and is off to do her operation when she has a surprise visitor, Shay! Tally asks Shay what she wants to do for their final trick and when Shay tells Tally she’s leaving with David to avoid taking the operation. For a while Tally thinks Shay is talking outlandish, but when she notices that her plans are not lies Tally is completely perplexed. She declines Shay’s offer to follow her to the smoke and just ponders why wouldn’t anyone want to be a pretty. She promises not to reveal Shay’s plans and Shay sets off.…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Myob Analysis

    • 881 Words
    • 4 Pages

    Before the MYOB’s launching in china, the market of accounting software is dominated by several local companies including jindie, yongyou and suda etc.…

    • 881 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Tally In Uglies

    • 179 Words
    • 1 Page

    In the novel “Uglies” by Scott Westerfeld, the author wrote in multiple themes. With every theme he wrote, at least one character shows them in their actions. A character that’s mainly focused on is Tally. Tally is a character that shows many themes, but this essay will explain one.…

    • 179 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered, followed by a comprehensive needs analysis, which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX, Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best one—Microsoft Dynamics. Finally, a recommendation for the next steps towards the company will be suggested.…

    • 5542 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    BUS 475 Sample Final Exam

    • 4935 Words
    • 20 Pages

    Jaime Inc. manufactures 2 products, sweaters and jackets. The company has estimated its overhead in the order-processing department to be $180,000. The company produces 50,000 sweaters and 80,000 jackets each year. Sweater production requires 25,000 machine hours, jacket production requires 50,000 machine hours. The company places raw materials orders 10 times per month, 2 times for raw materials for sweaters and the remainder for raw materials for jackets. How much of the order-processing overhead should be allocated to jackets?…

    • 4935 Words
    • 20 Pages
    Good Essays
  • Powerful Essays

    Acct1501 Notes

    • 7301 Words
    • 33 Pages

    * 2, Managerial Accounting System: Detailed plans and continuous performance reports: mainly for Internal decision makers (managers throughout the organization)…

    • 7301 Words
    • 33 Pages
    Powerful Essays
  • Satisfactory Essays

    How to open a business

    • 366 Words
    • 2 Pages

    All of us have consumed food and beverages from contract-managed food providers (e.g., school cafeteria, theaters, sporting events, airline, etc.). Describe a time when you consumed food from a contract-managed food provider and determine what steps could have been taken to make the experience more enjoyable. Provide specific examples to support your response.…

    • 366 Words
    • 2 Pages
    Satisfactory Essays

Related Topics