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Tally Accounting Software Overview

Tally is an accounting software developed by Peutronics Ltd. in 1985, known for its simplicity and powerful features, making it widely used in India and beyond. Over the years, various versions have been released, each introducing enhancements such as inventory management, multi-language support, and compliance with tax regulations. The latest version, TallyPrime, launched in 2020, offers a modern interface and improved functionalities for GST compliance and user experience.

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12 views2 pages

Tally Accounting Software Overview

Tally is an accounting software developed by Peutronics Ltd. in 1985, known for its simplicity and powerful features, making it widely used in India and beyond. Over the years, various versions have been released, each introducing enhancements such as inventory management, multi-language support, and compliance with tax regulations. The latest version, TallyPrime, launched in 2020, offers a modern interface and improved functionalities for GST compliance and user experience.

Uploaded by

skburhanuddin77
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Tally Accounting Software Overview

Overview

Tally is an accounting software package designed by Peutronics Ltd. of India in 1985 to solve the financial

and accounting problems of that time. It was created to address the specific challenges faced by

accountants. Over time, more ready-made software packages were developed, but Tally remained the most

widely used due to its simplicity, flexibility, and powerful features.

It is considered the "King of all Financial Packages" and is capable of handling any kind of transaction needs.

Tally is widely used across India and many other countries due to its ease of use, speed, and effectiveness in

financial accounting.

Versions of Tally

Versions of Tally and Their Specialities:

1. Tally 4.5 (1990s)

- Based on MS-DOS

- Used for basic accounting functions

- Simple user interface for voucher entry

2. Tally 5.4

- First Windows-based version

- Improved user interface

- Support for inventory management

3. Tally 6.3

- Support for VAT (Value Added Tax)

- Introduced print support for invoices

4. Tally 7.2

- Enhanced features for Sales Tax and VAT

- Better inventory handling


Tally Accounting Software Overview

5. Tally 8.1

- Multi-language support

- Data synchronization

6. Tally 9

- More advanced features

- Support for TDS, FBT, Payroll

- Statutory compliance features

7. Tally ERP 9

- Complete ERP solution

- Remote access, Payroll, TDS, GST, Excise, etc.

- Real-time data updates

- Security features and user control

8. TallyPrime (Launched in 2020)

- New and modern interface

- Easy navigation and quick access features

- Enhanced reporting and data entry

- Designed for GST and other latest compliance features

- Multi-tasking and simplified usage

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