What is tally

Question

What is tally

Accepted Answer

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

Tally is a popular accounting software used by businesses to maintain financial records.
It helps in managing various financial transactions like sales, purchases, receipts, payments, etc.
Tally provides features for generating financial statements, managing inventory, and calculating taxes.
It simplifies the process of bookkeeping and ensures accurate financial reporting.
Tally is widely used by accountants, tax professionals, and businesses of all sizes.
For example, a company can use Tally to track sales, manage inventory, and generate GST-compliant invoices.

Accepted Answer

Tally is ERP software to use the accounting purpose. Tally accounting software provides a solution around inventory management, stock management, invoicing, purchase order management, discounting, stock valuation methodology