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Finding the right tool for accounting can be very difficult and time-consuming. That’s why it’s important to try and use cloud-based solutions, because these are reliable, effective and modifiable to fit your needs. Tally Prime is such a tool, and it does much more than just accounting. It helps with compliance, taxation, as well as banking, payroll, inventory management and so on.
A very good user interface
One of the standout things about Tally Prime has to be its interface. It has an excellent layout, the navigation is great, and you also have very good usability as well. Plus, it’s all designed to help streamline the experience and not have a massive learning curve. Some of the standouts are the multitasking features which can boost productivity, but also the Go-To feature. That way, you can go through the software features and manage everything with ease, while implementing a much better result.
Financial management and accounting features
Another thing to consider when it comes to Tally Prime is how well it implements its accounting features. It has a double entry accounting system, which we found to be extremely powerful and reliable. You can manage payables and receivables, all of which adds up to convey an excellent result and tremendous value.
Plus, you also have access to balance sheet generation profit and loss statements, trial balances and a general ledger as well. There’s even a voucher entry system and multi-currency support, something that will impress you with its versatility and ease of use.
Stellar inventory management
It’s always important to have an effective way of managing your inventory. In fact, this is a major part of any business. With Tally Prime, you get very good inventory management solutions. That brings things like stock categorization, reordering the level settings, movement analysis, but also a manufacturing journal. Having an integrated inventory system like this can help prevent overstocking or understocking. Instead, you have an eye on the pulse when it comes to managing your inventory, and that alone can be incredibly powerful.
Data security
It’s safe to say that Tally Prime data is very important and you want to protect it the best way that you can. The app does a stellar job at helping you achieve improved data security, through different means. That means you can have user roles and permissions, an audit trail, encryption features and encrypted backups as well. All of those can help with data integrity, while eliminating any potential issues that could arise.
Employee and payroll management
What’s great about Tally Prime is the fact that it can help manage your payroll and streamline that process. It can assist with employee record maintenance, but also with salary computation, not to mention it can help generate the pay slip as well. There’s another benefit here, the fact that you have tax compliance reports, along with employee cost tracking. Simply put, it gives you the means to have your finger on the pulse, and it can assist in more ways than expected.
It also has some banking features in there as well. For example, you have bank reconciliation automation, along with cheque printing and they even have templates for that. Other stuff like reports for cash withdrawals and deposits are there, too. And they even have payment advice and e-payment integration, in case you will need such a system.
Statutory compliance
Tally Prime can manage things like GST compliance in India, but also taxes anywhere in the world. It helps with returns and reconciliation, input tax credit and a host of other things. That, combined with accurate reporting is what sets it apart from many other solutions on the market.
Remote access
Sometimes, you need to access the Tally Prime features remotely, and that becomes incredibly important. The Tally.net services allow you to access all that data remotely. You can also see reports via a browser, and you can have real time collaboration between auditors, managers and accountants as well.
The company is also rather open to feedback, and you can easily create over 400 types of business reports. That’s helpful, since you can work on financial statements, inventory summaries, cash flow and fund flow analysis, sales as well as purchase trends, etc.
Overall, we think that Tally Prime has a lot to offer when it comes to helping you with any type of accounting solutions. It’s meant to be versatile, adaptable to your needs, and it can help deliver an outstanding value for your money. And to make things even better, it helps deliver stellar quality and ease of use, while also being very easy to adapt to your requirements. That’s why, in the end, this is one of the most interesting accounting tools on the market, with cloud features and a plethora of other solutions to help you fully manage your accounting system within your business!
Anybody interested in buying Tally Prime online in India can do so easily by visiting the website of any authorized Tally reseller, such as dolphincomputer.co.in, and search for the most appropriate software version for their requirements.
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