Features of Tally 9

Yogesh · 13-08-2008

Tally uses the latest technology to provide features in a simplified manner. It is a robust system that is easy to use.

Multilingual Business Accounting and Inventory Management Features

Multilingual Support: Tally can now be used concurrently in the language of your choice. Tally's interface is now available in Bahasa Melayu besides English and the Indic languages Hindi, Kannada, Bengali, Gujarati, Marathi, Tamil, Punjabi, Telugu, Malayalam and Hinglish (colloquial)
Payroll: Payroll in Tally enables users to set up and implement simple to complex salary structures. You can align and automate payroll processes and directly integrate them with main stream accounting applications. Tally Payroll also supports configurable formats for payslip printing; flexible salary/wage, attendance, leave and overtime registers; gratuity and expat reports
FBT (Fringe benefit tax): FBT in Tally is a one time, easy to enable configuration. It supports Challan management and printing for prompt and accurate filing of tax. On entering the transactions, Tally automatically calculates the FBT and generates the reports
VAT Composition Returns: VAT Composition Returns in Tally provides fast and error-free voucher entry with complete tracking of each transaction. It supports the printing of VAT Composition Returns of any state in which VAT has been implemented. The Composition Rate of VAT is automatically recognised based upon turnover and the tax payable is calculated automatically and shown in the Return Form
Excise for Dealers: Excise for Dealers in Tally generates Excise Invoices for Traders, Tracks Purchase Invoices during sales and duty credit availed and passed on. It also maintains the Excise Stock Register and generates Quarterly Returns
TDS (Tax Deducted at Source): Tally allows you to configure TDS ledgers by specifying the Nature of Payment and Assessee Types, along with the Rate of TDS. It determines user-defined expense/payment types with user-defined rates. TDS can be deducted automatically based on pre-defined rates, once the transactions exceed the threshold limit. You can generate Challans, the Form-16A Certificate as well as the quarterly and annual returns. Tally also generates e-TDS files in NSDL compatible formats
Synchronization: Synchronization in Tally helps you transfer data between two or more locations (Example: When a Branch Office and the Head Office of a company reside in two different locations). Synchronization can be done, both ways (For Example: You can transfer the data from Branch Office to Head Office or vice-versa).
E-mail reports and documents directly from Tally
Publish reports in HTML on Web or Intranet and share them with suppliers, customers or your own staff
Direct web browsing capability from within Tally that avoids switching between programs
Exchange data with other systems using XML. Tally gives you the means to collaborate with others and share information like never before
ODBC connectivity opens up Tally. This makes Tally fields in ODBC to be compliant with programs like MS Word and MS Excel. This enables you to integrate Tally data dynamically into other ODBC systems. It even designs a form like remittance advice and imbed fields like Customer name and address, account balances and so on, in Excel/Word.

Note:

ODBC connectivity will work with ODBC compliant programs
Tally enables publishing on the Web using FTP and HTTP
Secure HTTP is used for encrypted data exchange
XML is rapidly replacing SDF as the primary format for exchange of data between application programs. It facilitates integration of different systems

Yogesh · 13-08-2008

Performance and Implementation Features

Rapid Implementation: This means low start-up costs, with the lowest training requirements of any accounting system in the world! A consistent data entry interface has your accounting up and running in minutes
Real Time Processing: Tally updates all your books, ledgers and reports as soon as a transaction is accepted. There is no need to specifically ask for an update. Your statements are always ready with the last saved transaction
Speed: The only reason you should automate your accounts is to get information FAST. Tally outdistances all systems with its ‘faster-than-thought’ performance
Unlimited Companies and Periods of Accounting: Handle the accounts of more than one company (simultaneously, if desired). Compare data across companies and financial periods. View information for any period (for example, 19 months). Consolidate companies with a single keystroke!
Unbelievable Period End Handling: The unique date-driven approach of Tally, with dynamic and automatic periods, makes the financial year end simple and hassle free
Dynamic Interactive Reports and Unique Drill-Down Facility: All reports are dynamic and allow further interrogation from summary to the actual transaction voucher
Comprehensive Print Capabilities: Print quotations, orders, invoices, vouchers and cheques through Tally. Choose from several default formats, use ODBC compliant systems to print other special formats, or contact us to meet your requirements
Print Preview: View reports and their layouts, prior to actual printing

Yogesh · 13-08-2008

Accounting and Inventory Control Features

Tally provides a total solution for managing your accounts and stocks. Its vast array of management reports put you on top of your operations, be it a small business, a large one or even a non-profit organisation.

Accounting Features

Accounting without CODES! The only sensible way to keep your records is to use regular names for your accounts. With unlimited levels of classification available in Tally, you can manage the most complex ledger systems with ease
Unified Ledgers: Tally pioneered the concept of Unified Ledgers where the General, Sales and Purchase Ledgers are integrated into a Single Ledger and organised under groups for easy management. This concept combines the power of reporting along with ease of data entry
Complete Book-Keeping: Record transactions using a unique voucher entry system that is easy and flexible to configure for diverse transactions
Comprehensive Accounting: Instantly obtain your Balance Sheets, Profit & Loss Statements, Cash and Funds Flows, Trial Balances and so on
Multi-Currency Accounting: Tally handles unlimited currencies and manages the complexities of Forex Gain/Loss intelligently. A single transaction may contain more than two currencies
Bill-wise Tracking of Trading and Non-Trading Accounts: Tally tracks Party accounts or Loan Accounts on a Bill-by-Bill basis (for example, new bills raised, payments, receipts, adjustments against bills)
Interest Calculation: Tally has completely definable Interest Calculation methods. You can tackle problems with methods definable for each transaction
Receivables and Payables: Dynamically allocate payments against invoices with reference to due dates. Reports are classified, grouped and aged to your definitions. You can have customisable reminders for overdue, as well as measure payment performance, segragating your good and bad customers!
Ratio Analysis: A range of key performance ratios, on a single sheet, puts you in total control of your business
Budgeting, Auditing and Security Control: Use Original and Revised Budgets over varying periods. Define security levels to control access and use the powerful Audit capabilities to track malafide changes, while making genuine corrections with unparalleled ease
Scenario Management: Use Optional, Reversing journals and Memorandum vouchers to record provisional entries. For example, use Optional Vouchers to record provisional sales and compare with actuals. Prepare reports, including provisional figures, without affecting actual accounts, using automatic reversing journals
Unlimited Cost/Profit Centres: With Power Project Oriented Reporting: Projects, Departments, Marketing Zones are just a handful of analysis criteria you can use with Tally. With unlimited sub-classification, Tally gives you multi-dimensional analysis and comparatives.

Inventory Features

Multi-location Stock Control: Use Tally to keep track of your stock at single or multiple locations. Create unlimited classification systems for your Items and your own Units of Measure
Comprehensive Recording of Stock Movement: Record inventory transactions easily and comprehensively using Goods Receipt Notes, Delivery Notes, Stock Transfer Journals, Manufacturing Journals as well as Physical Stock Journals. All stock movements are fully recorded and maintained in Stock Registers
Management Reports: Movement Analysis gives party-wise details of goods bought and sold and helps to identify good and bad business partners. Stock Query is a unique single sheet report that gives information on stocks at different locations as well as total stock-in-hand
Aged stocks Analysis: Identifies old stocks to aid in decisions relating to their quick disposal
Batch-wise or lot-wise Inventory with Expiry: Use the concept of Batches or Lots to track stock at the batch level
Re-Order Levels and minimum order quantities: Know your stock order position with the comprehensive Order Status reports in Tally. Specify re-order levels in absolute quantities, or based on previous consumption

Yogesh · 13-08-2008

Sales & Purchase Order Processing

Sales and Purchase Orders: A comprehensive facility to record orders with a complete cycle of recording and allocating them through inventory deliveries, invoicing and accounting. Single sheet reports give current stocks, orders due for delivery, orders due for receipt, shortfalls (if any). Get party-wise or item-wise details of outstanding and/or fulfilled orders

Invoicing

Sales invoices are produced directly from Tally. Print, Export, E-mail or publish them. Tally has a very comprehensive invoicing system that allows flexible handling of charges and taxes. The invoice format is available in different formats and you could adopt them as your own or have a completely different layout designed!