7+ Advantages of Using Tally in Small Business

Posted by Markit on February 27th, 2020

Technological innovations make our life much easier. Today there is software for every business task. The accounting software offers simple features that automate the task and saves time. Tally.ERP 9 is popular software that makes calculation simple. The software is used for accounting purposes, and it keeps a record of your day-to-day business invoices & activities.

Manual calculations can be time-consuming, especially for small business companies. By using Tally, you can save time and drive your energy to other resources. The chances of errors can be reduced with Tally.ERP 9 software, so do take advantage of it if you are a small business owner.

Advantages of Using Tally in Small Businesses

 

Complete Security and Reliability

It is important to keep your banking and financial information secure in these vulnerable times. Tally.ERP 9 software not only keeps your information secure but also provides reliability.

Data that you enter in the software can't be copied or tampered without your permission. Tally software has a special password, so the person who enters the data can only alter the data in the software. Any third person will not be able to access your financial information. Thus, with this complete security code, you can be assured there will be no data theft.

Its GST Compliant

GST is hard to understand for most people. But, Tally.ERP 9 software is completely GST compliant. Tally helps you to create GST ready invoices for all your new customers as well. It lets you share data with tax consultants and also lets you file GST returns.

With Tally software, you can eliminate all the errors that you possibly do while filing the GST returns. You can keep your business updated with the latest business standards. Tally ensures that your small business company complies with all the GST norms. It also takes care of TDS returns and other taxes associated with the business.

Payroll Management

The salary distribution of employees is a time-consuming affair. Individual calculations of salaries can be a tedious job. With Tally.ERP 9 software, you will be able to maintain a salary sheet.

The calculations will be made according to your data. You can maintain the financial record of the company. From the net payment, net deductions to taxes; everything can be managed using the Tally software. 

Seamless Banking Transactions

Do you know that Tally.ERP 9 software easily helps you to generate cash and cheque deposit slips? It lets you manage all the cheques that you collect and issue cash without any chance of errors.

Saves on Costs

Small businesses work on set financial budgets. There is no extra cost involved for expenses. Tally software helps to save on costs, as it oversees the expenses and doesn't let you exceed your financial limit. With the software, you will be able to keep track of all your expenses, so you will know about the overhead costs as well.

Tracking of Information

Tally.ERP 9 software works on advanced features that allow you to sync all your useful and relevant data from your business locations to a centralized place. This helps to deliver better insights that facilitate effective business decisions.

Access to Records

Tally software lets you update information or review accounting information from any place. Even your employees can access information stored on Tally through a login and password. The best part is you can access any record. So if you are looking for a sale receipt of a particular date of the previous year, you can instantly get a record for it.

If the financial data is stored in files, it takes a lot of time to search for data. Tally software is quick and gives you the information in seconds.

Audit Tool

Tally.ERP 9 software can be used as an audit tool for your small business. It ensures that all the monetary transactions made by you in the financial year are accurate.

Tally.ERP 9 software is competent and will help your small business scale higher.


Markit

About the Author

Markit
Joined: January 31st, 2020
Articles Posted: 1

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