Introduction to Tally

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TALLY.ERP9


 Full Form of TALLY ERP :-

T: Transaction
A: Allowed
L: Linear
L: Lines
Y: Yard
E: Enterprise
R: Resource
P: Planning


History of Tally :-
  • Tally Solutions, then known as Petronius, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka. Shyam Sunder Goenka was running a company that supplied raw materials and machine parts to plants and textile mills in southern and eastern India.
  • The first version of the accounting software was launched as an MS-DOS application. It had only basic accounting functions, and was named Petronius Financial Accountant. In 1999, the company formally changed its name to Tally Solutions.
  • Tally.ERP 9 Released 6.5.2 was launched on 24th May 2019. We have made a few enhancements in the product to support the latest statutory changes.

Tally Versions – There are following versions of Tally:

Year
Versions
Contents
1988-1989
4.0
Account only
1989-1990
4.5
Account only
1990-1997
5.0
Account with Inventory
1997-2000
5.4
Account with Inventory
2000-2005
6.3
Account  with Inventory
2005-2006
7.2
Account with Inventory, Vat, TDS, Service tax
1st Sep. 2006
8.1
Account with Inventory, Vat, TDS, Multi lingual, Composite vat, Excise
1st Dec. 2006-2009
9
Account with Inventory, Vat, TDS, Multi lingual, Composite vat, Payroll, Job casting, Excise, co- dealer
12 March, 2009
ERP 9
Account with Inventory, Vat, TDS, Multi lingual, Composite vat, Payroll, Job casting, Remote access, Excise for manufacturing


Features of Tally.ERP 9 :-
  • Easy to Share.
  • Payroll Management.
  • Budgets and Controls.
  • Support for Manufacturers.
  • Multilingual Capabilities.
  • Enhanced Security.

Purpose of Tally :-
Tally is an accounting software used for maintaining business accounts and personal accounts and it works on basic accounting principle. and work on tally is called tally accounting. 

Advantages of Tally :-
  • Data Reliability and Security.
  • Easy Payroll Management.
  • Simple Tax Returns Filing.
  • Access across the globe.
  • Remote access to data.
  • The smart way for budget maintenance.
  • An audit tool for compliance.
  • Supports Multiple Languages.