Learn Tally: Fundamentals of Tally ERP 9: Tally ERP 9 is the world’s fastest and most powerful concurrent multilingual business accounting and inventory management software.
Introduction to Fundamentals of Tally ERP 9
Tally.ERP 9 is a fully integrated, affordable and highly reliable software specifically designed to meet the needs of small and medium businesses. Tally.ERP 9 is easy to buy, quick to install and easy to learn and use. It is designed to automate and integrate all your business functions, such as sales, finance, purchasing, inventory and manufacturing. With Tally ERP 9, accurate, up-to-date trade information is anywhere at your fingertips.
It’s powerful new features and increased speed and power combined with enhanced MIS, multilingual, data synchronization and remote capabilities help you simplify all your business processes in an easy and cost-effective manner.
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Features of Tally ERP 9
A Leading Accounting Package: The first edition of Tally was released in 1988 and, through continued development, is now recognized worldwide as a premier accounting package, with more than a quarter million subscribers. Tally has a market share of over 90%.
No accounting code: Unlike other computerized accounting packages that require numerical codes, Tally ERP 9 pioneered the concept of accounting accounting. Users have the freedom to allocate meaningful names in plain English to their data items in the system.
Complete Business Solutions: Tally ERP 9 provides a comprehensive solution to the accounting and inventory needs of a business. The package includes financial accounting, book-keeping, and inventory accounting. It also has various tools for extracting, interpreting and presenting data.
Integrated / Non-Integrated Accounting and Inventory: The user is able to choose between accounting and accounting with inventory. If the option of accounting with inventory is selected, the user can choose whether it should be integrated or not.
Flexible and easy to use: It mimics the human thought process, meaning that Tally ERP 9 can adapt to any business need. Users do not need to change the way they run their business to fit the package.
Speed: Tally ERP 9 provides the ability to generate immediate and accurate reports, which helps management make timely and correct decisions for overall productivity and growth of the company.
Power: Tally ERP 9 allows the user to maintain multiple companies and with unlimited levels of classification and grouping capabilities. It also allows drill down fallibility from report level to transaction level.
Flexibility: Tally ERP 9 provides flexibility to generate immediate reports for any time (month / year) in addition to toggling between accounting and inventory reports between any company or companies. is.
Concurrent multilingual capability: Tally ERP 9 gives you the special ability to maintain your accounts in any Indian language, view them in another language and print them in any other Indian language.
Real-time processing: Instant posting and updation of books of accounts as soon as transactions are recorded, which facilitates immediate details and reports. It also portrays a real-time multi-user environment.
Versatility: Tally ERP 9 is suitable for a range of organizations, ranging from small grocery stores to large corporations with international locations and operations.
Multi-platform availability: It is available on Windows 95, 98, ME, 2000 and NT. It runs on a PC or a network. On a network, it supports access through any combination of platforms.
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Technology Advantages
Simple and fast installation: Tally ERP 9 has a simple, menu-driven installation process. If there is a partition on the hard disk then the user can install the program files on any drive. The user can also specify the name and directory location of the program files. The local drive uses the least amount of hard disk space. It takes a few seconds to install on the local disk.
Unlimited multi-user support: A multi-user version can be installed on any computer network with various operating systems such as Win 95, 98, NT, 2000, XP and Linux.
Internal backup / restore: Tally ERP 9 has a built-in, user-friendly ‘backup and restore’ option. It helps the user to backup one or more companies or all companies, in a single directory, on a local hard disk, or on any external media.
Data Reliability: Tally ERP 9 provides reliable data. It uses a flexi-field, flexi-length, self-contained, weighted file structure for a very compact and fast database. It is robust and even if there is a power failure or the computer is shut down incorrectly, the data is not lost. Uses regular level signaling quality data integrity checks to ensure complete reliability of data.
User-Defined Security Level: It provides high levels of security. Users can define multiple levels of security according to their needs. Each authorized user of the company can have a personal password, which only has the right to use specific features. A user with an administrator level password will have full access and can set controls for other users.