Tally Prime Accounting Software Version 7

Tally Software is a comprehensive Enterprise Resource Planning (ERP) and accounting software used by small and medium-sized businesses for managing their daily financial transactions, inventory, and compliance needs. The current version is TallyPrime 7.0

 Core Features

• Accounting Management: Enables the recording of daily transactions through various vouchers (sales, purchase, payment, receipt, journal, contra) and helps manage ledgers, accounts receivable and payable, and bank reconciliation.
• Inventory Management: Helps track stock levels, manage multiple locations (godowns), implement batch-wise tracking (including manufacturing and expiry dates), and manage the entire order-to-delivery cycle.
• Taxation & Compliance (GST Ready): TallyPrime simplifies compliance with tax regulations by automatically calculating Goods and Services Tax (GST), TDS, and TCS. It supports instant e-invoicing and e-way bill generation, as well as the filing of GSTR-1, GSTR-3B, and GSTR-2A/2B reconciliation.
• Reporting and Analysis: Generates insightful reports and financial statements such as Balance Sheets, Profit and Loss statements, cash flow statements, and various Management Information System (MIS) reports to aid in decision-making.
• Payroll Processing: Automates employee record management, attendance tracking, and salary processing including deductions and bonuses.