How to use tally software for accounting

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Why do businesses need accounting software in the first place? Manual accounting is a long and tedious process, which involves data entry, reconciliation, and reporting manually. This consumes a lot of time and is not so easy to maintain when large quantities of data/transactions are to be recorded. Hence, accounting software comes to the rescue […]

6 Benefits Of Using Business Management Software For Better Decision Making

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When a business recently starts its operations, they usually use tools like Excel sheets or enter data manually. However, with time, it becomes challenging for companies to grow without business management software. Using software helps set systems in place to carry out specific tasks within the organization. One of the most critical tasks that need […]

Challenge – TDS Changes in Budget 2021

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Last year, the Government implemented TCS provision u/s 206C(1H) for `Seller of Goods’ on Receipts/advance from/for Sales of Goods, exceeding Rs. 50 Lakhs as consideration, during a financial year. “Seller” means a person whose total sales, gross receipts, or turnover from the business carried on by him exceeded ten crore rupees during the financial year […]

What is TSS in Tally – Tally Software Subscription

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The software has to stay ahead with the continuously evolving technology as the computer hardware is improving by increasing the computing speed and performance. We have all seen the size of HardDisk or memory reducing by size and increasing incapacity. To remain compatible with hardware, the software industry is in a continuous grind to deliver […]

Get a 360° view of your business via Insightful Business Reports in Tally Prime

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Reports are an essential part of every business. They provide an overview of the health of the business and help diagnose the areas where attention is required and take business decisions to achieve the goals of the organization. Reports can help in critically analyzing the performance to find out the cause of good or bad […]

Tally for SMEs – Features, History & Advantage

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Innovative solution – Launched by today TSPL – Tally Solutions Private limited in 1988 – Tally 4.5 was the most successful and the only accounting software available in the market when computers were a luxury. Gradually newer versions of Tally were introduced as the computer software industry was also upgrading operating systems Microsoft from DOS […]