Question

Explain at least four features of Tally?

Answer 1

Explanation of four features of Tally are as follows:

These are the four main features of Tally-

• SIMPLE ACCOUNT MANAGEMENT: Through Tally, we could easily perform GST Invoicing, do Purchase and sales management, and have Multi-currency support.

• ONE STOP SOLUTION FOR COMPLIANCE: We could have a single solution for things like GST compliance and filing. Along with that, we could also provide Support for previous tax regimes VAT/CST, Excise, TDS, TCS etc.

• SUPPORT FOR BANKING TRANSACTIONS: Through Tally, we could easily Generate cash deposit slips and payment advice, Manage cheques. We could easily reconcile books with bank statements also in a short time.

• FASTER ACCESS TO BUSINESS REPORTS: We could prepare Balance sheet & P/L statement in a much timely fashion. Also, we could perform Interest calculations, Cash and funds flow calculations way faster with Tally.

Answer 2

Four features of Tally:

Tally is the most powerful multi-lingual concurrent business accounting software.  

• Tally accounting software provides a solution for inventory management, purchase order management, stock valuation technique, etc.
• Tally accounting software helps to maintain easy 'categorization of accounts', 'accounts receivable and payable', 'bank reconciliation', and 'general ledger', etc.
• 'Tally accounting software' is easy to 'set up and simple to use'. A single connection allows enabling for multiple users.
• 'Tally' software can smoothly connect with various 'Microsoft' applications.

To know more

The accounting software Tally was developed by

A) Wipro

B) TCS

C) HCL

D) Infosys

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In Tally, Which voucher type is used for Adjustable and Transferable entries?

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