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What is Tally in accounting?

By Zippia Team - Feb. 1, 2023

Tally is accounting software that is used to record the day-to-day transactions of a company. This software is capable of gathering information that can be used to improve the efficiency of a company.

Tally is an ERP, which stands for Enterprise Resource Planning, a software program. ERP systems allow a company to track the marketing, scheduling, and accounting events that companies encounter daily. The latest version of Tally allows a company to integrate information across departments and divisions.

Tally ERP 9 follows a double-entry accounting system allowing it to eliminate or rectify possible errors. The software program supports multiple languages and can maintain accounts for as many as 99,000 companies. The payroll feature of this software allows a company to automate employee payroll records. Tally allows a company to synchronize information from various sites and products and generate consolidated financial statements.

What is Tally in accounting?

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