Books of accounts are always complicated without technology. With advancements in a cloud databases and artificial intelligence, we have got very compatible and budgeted accounting software’s.
In this article, we will be detailing
- Tally
- QuickBooks
- Zoho Books
- Vyapaar and
- Khata Book
Aforesaid applications are unique in their specifications, we neither share feedback nor review the application. In this article, we only highlight the suitability and unique specifications for these software’s.
Tally is a traditional accounting application. It is an ERP software which acknowledges the 360-degree approach for bookkeeping. It is a good verse accounting tool for every accountant.
This software is developed on the basis of a double-entry bookkeeping system. Tally comprises Book keeping, payroll, stock and GST compliances.
This ERP can generate customized reports, invoices, estimates, vouchers, MIS, payslips, pay records, labor reports, GST reconciliations and complete ledger reports.
Tally is a consolidated version of accounting resource
Suitability:
- Tally is more suitable for medium and large businesses.
- Operating tally mandatorily requires either accounting resource or experience.
- Tally is not so user friendly. Accounting knowledge is mandatory for running the daily operations
Budget:
- Tally is a budgeted software with 2 licensed options i.e. single user and multi user
- Single user costs approx Rs 18,000/- with life time validity.
- Multi user costs approx Rs 54,000/- with LAN support and life time validity
- Tally do offer monthly rentals and annual subscriptions with necessary updates
Advantages:
- Password protection is available
- Auto Data back up and rewrite feature with different versions is available
- We can operate multiple companies with a single user
- Data will be stored either in a stand-alone computer or in a server
- Tally can be surrendered and license can be reactivated from one computer to another computer at ease.
- Tally does offer a centralized control center to manage the license configuration.
tax247 with collaboration with Gsetty offers 15 days course for mastering the concepts of tally at very budgeted quotes. We do offer 30 day free trial access to our aspirants.
Later part of article will be updated in next week.
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