Tally is very important software that is extensively used in monetary applications and accounting systems which is used to record day to day business data of a company. Tally is an essential tool for most major businesses today for calculating monetary terms, accountancy, tax and GST calculating, and managing commercial transactions effectively and efficiently.
The latest version of the Tally software is known as Tally ERP 9 and it is said to be one of the best accounting software that can be integrated with other business applications such as Sales, finance, Purchasing, Payroll, Inventory, etc.
Tally ERP 9 follows a double entry system of accounting and hence eliminates and rectifies possible errors and stores all the business transactions of each account in detail.