What is Tally in accounting?

Question

Accepted Answer

Tally is an accounting software widely used for financial management and bookkeeping purposes.

Tally is a popular accounting software used by businesses to maintain financial records.
It helps in managing various accounting tasks such as recording transactions, generating financial statements, and managing inventory.
Tally provides features like invoicing, budgeting, tax calculations, and bank reconciliation.
It offers different modules for different accounting functions like accounts payable, accounts receivable, and general ledger.
Tally is known for its user-friendly interface and ease of use in automating accounting processes.
Example: A company uses Tally to record sales transactions, track inventory, and generate balance sheets.

Accepted Answer

Tally.ERP 9 is one of the most popular accounting software used in India. It is complete enterprise software for small & medium enterprises. Tally.ERP 9 is a perfect business management solution and GST software with an ideal combination of function, control, and in-built customisability.

Accepted Answer

The Tally Full form is 'Transactions Allowed in a Linear Line Yards'. It is accounting software owned by a multinational company Tally Solutions Pvt. Ltd. The company's headquarters is located in Bangalore city of India.

What is Tally in accounting?

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