There are many features in Tally ERP 9. It is one of the most popular business management softwares in India, particularly used by small and medium-level businesses. It is an ideal business software solution with GST compliance features to help enhance reliability and customization in businesses.
For a long time, Tally ERP 9 has been used by businesses to carry out their day-to-day operations and generate records and complex calculations. The newer version of Tally ERP 9, which is Tally Prime, has also integrated with the latest cutting-edge tools, like artificial intelligence, to make its functioning even smarter and more effective. In this article, we will get to know the interactive features of Tally ERP 9.
What is Tally ERP 9?
Let us first know the meaning of tally ERP 9 and why we are using it. Tally ERP 9 is a business solution software used for managing daily tasks, such as accountancy, tax, GST, monetary quantities, etc for small and medium-level businesses.
You can access the data stored in Tally and manage it from anywhere with its remote operational features. Let us know some of the best features of Tally ERP 9 in this article.
Key Takeaways
- Tally Prime replaced the older version of Tally, which was Tally ERP 9, with some advanced features.
- With Tally ERP 9, business owners can easily create and track purchase and sales vouchers, weekly reports, and monthly reports.
- Businesses can create payment receipts, GST compliance, contra vouchers, order tracking, processing, etc using Tally software.
- Tally ERP 9 provides accounting, inventory, and security management for businesses.
Top 9 Features of Tally ERP 9
Tally ERP 9 is a business management solution that helps to execute daily tasks in businesses. Some of the best features of Tally ERP 9 are mentioned below.
1. Accounting Functionality
The main feature of Tally ERP 9 software is its robust accounting functionality. Businesses can easily record, monitor, and manage financial transactions using Tally. It provides a range of accounting functionalities, such as financial reports, balance sheets, profit, cash flow statements, etc.
2. Inventory Management
Tally ERP 9 provides effective inventory management features to help businesses maximize their productivity. With tally software, businesses can maintain a balance between overstocking and understocking.
Tally ERP 9 provides inventory valuation, order management, supplier management, real-time inventory tracking, and much more.
3. Remote Access
Tally ERP 9 provides remote access features that allow you to access your data and manage it from any location at any point in time. The latest version of Tally (Tally Prime) integrates cloud storage and support to help you store your data on the server, which is easily accessible from anywhere.
4. Scalability
Tally ERP 9 provides a scalable platform where businesses can carry out operations and store any amount of data. Businesses can expand their use of software in line with their growth, they do not need to change software with business growth.
It provides a multi-user environment, flexible configuration, high-volume data handling, integration capabilities, and much more.
5. Real-time Processing
Tally updates and records any change in data on its platform in real time. You can change or modulate your records from anywhere and the changes will be saved in real time.
It thus facilitates instant statements and reports. It also provides a real-time multi-user environment where you can easily let authorized users and employees access data simultaneously.
6. Flexibility
Tally ERP 9 offers greater flexibility in transaction recording, generating different types of customizable reporting, and more as per the needs. It supports multiple configurations, user-defined fields, adaptable workflows, etc.
It can easily integrate with other third-party applications, enhancing flexibility even more. Businesses can assign access, roles and permissions to maintain data security in their working management.
7. Simple User Interface
Tally ERP 9 provides a friendly user interface with easy setup and simple-to-use functionalities. You do not need any coding experience or complex skills to manage operations on Tally. If you have basic knowledge of Accounting and Financial Operations then you can easily operate Tally.
8. Multi-Lingual Capability
Users can easily operate Tally in any language and maintain their accounts in any language. Businesses can often print their reports in any language they need.
9. Faster Speed
You can create new records, and modify reports at lightning speed. This helps businesses make quick informative decisions and increase their overall productivity.
What is the Accounting Features in Tally ERP 9?
The accounting features in Tally ERP 9 are one of the most important features of this business management solution. It allows users or businesses to create, modify, and maintain their financial records, such as ledgers, vouchers, and journals. Some of the accounting features of Tally ERP 9 are mentioned below.
Top Accounting Features of Tally ERP 9
- It provides an accounting ledger system, where you can create, manage, and monitor ledgers.
- It can track invoices, payments, credit notes, and debit notes, and maintain records of financial transactions.
- Generate detailed invoices and bills with GST-compliant invoices. It supports multiple billing formats and automated recurring invoices.
- It supports multiple currencies, budgeting, financial reporting, and multiple banking features.
What are Inventory Features in Tally ERP 9?
Tally ERP 9 provides effective inventory management features to help businesses maximize their productivity. With tally software, businesses can maintain a balance between overstocking and understocking.
Top Inventory Features in Tally ERP 9
- It helps to manage inventories into stock groups and categories, enhancing systematic stock management.
- It can manage individual stock items, and inventory across multiple locations or godowns. Businesses can use this feature to track stock levels and movements in warehouses.
- It supports batch-wise and lot-wise inventory management.
- Easily create and manage bills and multiple stock evaluation methods.
- It provides various inventory vouchers like delivery notes, stock journals, physical stock, receipt notes, and more.
- It provides useful, deeper insights, alerts, inventory-related expenses, reports, performance analysis, and more.
What is the Latest Version of Tally ERP 9?
Tally ERP 9 software is a popular accounting and financial software system used by various businesses in India. Tally ERP 9 6.6 is the latest version of Tally. It dynamically adapts to the way your business operates and simplifies your business operations. The latest version of Tally ERP 9 comes loaded with various features as mentioned below.
- Accounts
- Taxation
- Banking
- Sales Management
- Purchase management
- Payroll Management
- Inventory
- Internet
- Data Exchange
- Data Security and more.
Learn Tally Prime With PW Skills
If you are a beginner who wants to master Tally Prime functionalities and features, then we have the right course for you. Enroll in our Tally Prime Basic Course with GST Calculation to enhance your knowledge of accounting, banking systems, GST, and Tally Prime features using interactive tutorials and practical-based learning.
Earn certification from Tally Solution Company which will help you stand out during recruitment and much more, only at pwskills.com
Features in Tally ERP 9 FAQs
Q1. What is the latest version of Tally ERP 9?
Ans: Tally ERP 9 latest version is release 6.6 which offers various capabilities such as accounting, sales, purchases, inventory, taxation, and more.
Q2. What are some important features of Tally ERP 9?
Ans: Some important features in Tally ERP 9 are mentioned below.
1. Inventory management
Account Management
2. Security management
3. Flexibilities
4. Scalability
5. Simplicity
6. Real-time processing and much more.
Q3. What are the accounting features in Tally ERP 9?
Ans: The main feature of Tally ERP 9 software is its robust accounting functionality. Businesses can easily record, monitor, and manage financial transactions using Tally.
Q4. What are the security features of Tally ERP 9?
Ans: Tally ERP 9 provides two levels of security based on owner and data entry. The owner of the account has all rights to the account while the users or employees connected with the account need proper authorization to access tally data.
