What is Tally - Everything you need to know| North Loop Official Blog
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25 Oct 2020

What is Tally - Everything you need to know

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Businesses across all scales are required to maintain proper books of accounts as it helps a business track its income and expenses (including credit as well as debt), ensure statutory compliance, and furnish all finance and business-related information to key stakeholders (internal and external). Moreover, books of accounts are mandated and governed by a country’s Tax Department, to ensure all necessary taxes are paid by a business, and tax exemptions are only considered wherever applicable by the law.
With the changing times, reliance on technology-based applications supersede traditional methods of maintaining books of accounts, and Tally software is one of the most popular software in India.

What is Tally?

What is Tally? Tally is an accounting software that helps maintain books of accounts over a digital format rather than a traditional format- in the form of manual books of accounts. Tally software offers 3 major products in its lineup- Tally.ERP 9, Tally.Server 9, and Shoper9.
Tally.ERP 9 is an accounting software meant for small and medium enterprises, whereas Tally.Server 9 is a high-quality server-based data architecture and Shoper9 is an enterprise retail solution for all retail businesses.

The Tally.ERP 9 software helps businesses handle all business-related accounts and transactions such as Finance, Inventory, Sales, Purchase, Manufacturing, Costing, Job Costing, Payroll, as well as file TDS, TCS as well as GST, making it one of the most widely used software across the country.

Mis Reports- Tally also provides Management Information System Reports or MIS reports, required by the management of a company that is used to assess the performance of the company and make decisions depending on the performance and the position of the company.
Tally can be used to generate reports such as Accounting reports, Inventory Reports, Financial Reports as well as Management control reports.

Tally ERP 9 download- Tally ERP 9 download can be initiated here.

Tally Download

Tally offers a free 30-day trial to users who want to fully try and test out the software before purchasing it. You can refer to Tally’s website for their list of updated plans and pricing.

Tally software can be found on the Tally solutions website here. Once you navigate through the Tally Solutions website, choose the right software for your business, and initiate the Tally download, the next step would be to install the software on your PC. Once you install Tally, you need to create your company on the software, filling in all relevant details including the statutory compliance. Once all the relevant information is filled in, the next step is to create ledgers, vouchers, etc, and keep track of the company’s accounts.

GST Login-

GST software is a part and parcel of the Tally ERP 9 software, ensuring that all needs ranging from raising invoices to maintaining books of accounts that comply with the GST norms are fulfilled. The GST facet of the Tally.ERP 9 Release 6 software solves all GST related needs, starting right from the GST login procedure to GST billing, GST returns filing, etc.

Tally ERP 9 free download-

Tally ERP 9 free download can be done through the Tally solutions website but the usage is limited to a 30-day free trial, post which users would be required to opt for a subscription plan, which can be a one-time subscription plan or a monthly subscription (rental) plan.

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.