Topics: Inventory, Sales order, Financial statements Pages: 10 (3476 words) Published: March 31, 2013

Advantages of Tally.ERP 9:

• Powerful remote capabilities that boost collaboration • Easy to find qualified personnel • Easy to customize • Low cost of ownership via quick implementation, Tally Integrator, Support Centre… Functions & Features: Accounting All your accounting requirements are supported and more. Accounting, also known as bookkeeping, is the recording and classifying of financial transactions into the books of accounts and associated registers. Let us look at the some of the 'needs' for which businesses maintain books of accounts: • To fulfill legal requirements - records as per standards and practices • To pay taxes to various bodies - statutory needs • Keep the business running - manage receivables & payable, cash, bank... • Keep a watch on the pulse of the organization - key performance indicators • Respond to queries - to locate the right transaction immediately

We have been perfecting this 'simple' recording - accounting - from over twenty years. All this to deliver better, faster and more flexible ways to fulfill your needs, not just maintain books of accounts. A few examples will illustrate: • With the entry of a voucher (this is what we call all accounting transactions) all books of accounts, all reports, all totals & sub-totals are updated instantly. There is nothing more that needs to be done - whether you are inserting a forgotten entry, or correcting one • Taxation requirements of all the states of India are available, in the prescribed formats • Supporting tasks like reminder letters, delayed interest, ageing, bank reconciliation • One single dashboard to look at all important business ratios • Drill down from any report, even the Balance Sheet, right to any voucher or filter and search • Data entry in the language of the users choice - and report in any other language (from the languages supported) • Mark vouchers that are draft as 'optional' and convert these to final- with one button click Financial Management & Controls Tally.ERP 9 comes with rich features & financial reports that give you the necessary management and control of your business. A few of these are listed below: • Funds Flow & Cash Flow reports – help you locate bottlenecks • Bank reconciliation - keeps your bank books in sync, and identify unclear instruments • Customer Credit Limits - to limit risk of default and large losses • Budgets - keep tabs on projected expenses against actuals • Mark vouchers postdated - these will reflect into the books of accounts only on/after that date • For needs where reports have to consider a transaction that has not happened (say salaries for this month that get paid the next month) vouchers (called 'reversing journals') can be marked to 'disappear' for reports post a specific date • "Scenario" management - helps you with your business forecasting and planning. You can use optional, reversing journals and memorandum vouchers, to aid in recording provisional entries that are useful for interim reports • Multiple inventory valuation. You can decide one valuation method for the business, and be able generate financial reports using any other valuation method - as the statutory method may not be appropriate for your needs, your bankers and for other decisions • Cash balances can go negative - you can get warned if this is about to happen, or see reports and make the necessary corrections

• Several business exceptions are available (negative stocks, negative ledgers) - for you to exercise control over these activities • A one-screen business ratios with drill down right up to the transactions - help you to correct course frequently • Item wise & document wise profitability statements to control revenue leakage and inappropriate pricing • Internal audits are supported with audit controls - authorized users can mark vouchers as 'audited' and can get to see reports on changes made post audit, and the name of the person making the change Inventory Accounting &...
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