Tally
Accounting Functionality: Bookkeeping: Tally facilitates basic to advanced accounting functions such as recording financial transactions, maintaining ledger accounts, and preparing financial statements like Profit & Loss Statements and Balance Sheets. GST Compliance: In India, Tally is extensively used for Goods and Services Tax (GST) compliance, including GST invoicing, tax calculations, and filing GST returns directly from the software.
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Inventory Management: Tally allows businesses to track their inventory in real-time, manage stock levels, handle reordering, and generate inventory reports. This helps in optimizing inventory levels and reducing stock-outs. Payroll Management: Tally includes features for managing employee payroll, including salary calculation, deductions, allowances, and generating payslips. It ensures compliance with statutory requirements related to payroll.
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