Fuel Your Business with Tally.ERP 9...!Tally ERP9 Accounting Software

Tally.ERP 9 - the latest evolution of the Tally series-took 3 years and the dedicated efforts of 200 developers to create. It has grown from a basic accounting software package into a simple-yet-sophisticated business management software product. Comprehensive capabilities allow Tally.ERP 9 to meet the needs of small to large businesses with dispersed operations. And traditional functions of a business are handled as capably as the more advanced. You manage your bank account and pay utility bills from home, why not do your business accounts? Tally.ERP 9 has been designed with you in mind, seamlessly connecting the key people in your business with the information they need to make your business successful. With Tally.ERP 9, you can call up a stock status report and print a copy from wherever you are.

This first series of Tally.ERP 9 introduces several new capabilities. These are supported with seasoned and high quality sales & support partnerships, a revamped education model and improved development tools.

Advantages of Tally.ERP 9: • Powerful remote capabilities that boost collaboration • Easy to find qualified personnel • Easy to customise

We have taken great pains to retain the essential look and feel as well and the user experience of the

previous versions of Tally (6.3, 7.2, 8.1 & 9). Yet Tally.ERP 9 is a culmination of years of research &

development – and with a development team of about 200 people.

Tally.ERP 9, Series A, is geared to meet three objectives:

One is saving you time that you can invest elsewhere, including in growing your business (there is a direct

correlation between the time top management invests in strategy and business growth). This is achieved via

remote access capabilities and the integrated support centre to enable many time saving processes like

remote audit & compliance and anytime, anywhere access to your live business data.

The second is to enable timely & affordable access to experienced professionals like Chartered Accountants (who wish to offer such services). Since these professionals can now access your data remotely, from anywhere in the world, as well as address your queries via the integrated support center, both the cost for such services and the time taken to resolve business problems will come down.

Finally, new features in Series A, notably in taxation for industry & professionals deliver technology support for more of your business processes.

Principles of Functionality & Key Characteristics.

Functionality is - what you need the software to provide. We at Tally have never looked at providing functionality with this simplistic approach. The 'how' and 'why' are of overriding importance - and this is how we deliver features with high usability. Following are some of the principles that drive the design of             Tally.ERP 9:

Exceptions are the norm:
Pause and consider your organization. You have laid down defined processes and procedures - so why do so many things land up on your table? Generally, within a defined framework, there will often be some need for a deviation. Software programs are great at supporting rigid, well defined processes - and break down (or become complex) when managing these deviations. Principle: design to manage exceptions - defined processes will automatically be supported.

Solutions bring problems:
Especially with IT solutions! Some of your business problems are managed by a software solution and how many software problems do you now have to manage? Database administration, performance tuning, service packs, drivers, software conflicts, IT professionals - the list is endless. Principle: solving a business need should not add new problems - these must be solved as well.

Knowledge is not known:
A lot of knowledge is contextual - when the situation arises we know how to respond. Therefore, no matter how much of analysis is done, it is hardly possible to comprehend the full range of the simplest of business process. In a purchase process one may follow the order, receipt and payment for one item and just a payment for another (say a consumable). Months can go by in needs analysis and yet things will be missed out. Principle: Do not make an assumption that any system setup will not undergo change.

Inventory Accounting & Management

If you deal in goods, of any type, you'll appreciate the Inventory capabilities in Tally.ERP 9.
You can comprehensively record all types of inventory transactions, using goods receipt notes, delivery notes, stock journals, manufacturing journals and physical stock journals. All stock movements are fully recorded and maintained in stock registers.

Developed for all manufacturers, distributors, wholesalers or traders a small list of features are briefly described below:

Manufacturers:
• Bill of materials and Manufacturing Journals, to record material conversions
• Compound bill of materials support, for units that contain assemblies
• Multiple locations (godowns)
• Excise for manufacturers, including all documentation and invoice
• Costing for jobs

Distributors & Wholesalers:
• Multiple price lists, with effective dates of applicability
• Use multiple units of measure (say KG's & grams)
• Dual units of measure (say KG's and bags, to support variations as happens in commodities)

Traders:
• High speed billing, with support for POS printers
• Bar code support
• Automatic application of taxes
• Service billing & service tax
• Integrated sales return in bills
• Print bills (and any other document) in the customers language

Common:
• You can choose to De-link the computed inventory value to automatically appear in your
  financial statements - and enter this figure manually.
• Stock aging reports, to identify slow and non-moving stocks
• Invoice profitability reports to keep a pulse on sales
Multi-currency transactions - buy and sell across the world - with integrated Forex gain/loss
  calculations
• Physical stock take records to adjust physical vs. actual stocks
• Maintain batch & expiry details
Integrated/ Non-integrated accounting and inventory: With Tally.ERP 9, you have the option to choose closing stock balance from inventory records or from stock ledger account.
If accounts are not integrated with inventory, you can enter the closing stock value manually by creating Stock ledger account.  This option has a significant effect on the Balance Sheet and Profit & Loss Account. If set to Yes, it extracts the stock/inventory balance figures from the inventory records and provides a drill down to the Stock registers from the Balance Sheet.

If set to No, it ignores the inventory books figures and picks up the manually entered closing stock balances from the ledger account created. This facilitates the maintaining of accounts and inventory separately.

Stock records often contain compensating errors caused by wrong allocation to items. This feature enables finalization of financial books without waiting for the reconciliation of stocks.