How would you compare Tally ERP 9 with Tally 7.2? It maintains ledgers, invoices, budgets and includes other salient features. It manages financial functions for businesses and other organizations.

Tally ERP 9 is an accounting software following in the tradition of previous versions of Tally. It can synchronize and manage data like this across multiple locations. Tally also helps with functions like filing tax returns, preparing balance sheets and profit/loss statements, calculating GST, fund flow statements, etc. Its main functions include basic accounting, costing, administering payroll, budgeting, and calculating interest. Tally serves a lot of purposes for the financial management of a business. Since Tally manages such functions for retail or other enterprises, it is called Tally ERP. Tally can also be defined as an enterprise resource planning software.ĮRP systems or software are used to track business resources like capital and production capacities as well as commitments like purchase orders and payroll. What does ERP in Tally ERP stand for?ĮRP stands for enterprise resource planning. It was developed by Tally Solutions, an Indian company with its headquarters in Bangalore. How would you briefly define Tally?Ī tally is accounting software used by professionals for tax, billing, inventory, and compliance. … Tally also has features encompassing global business. Tally provides a comprehensive solution around accounting principles, inventory and data integrity. Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine.

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Tally 7.2 questions and answers