What is Tally Accounting?

Tally Accounting or Accounting in Tally is a method of computerized record keeping by using the Computer & Tally software application which is mainly used for accounting purposes. This accounting software application is required to be installed on a computer to use it smoothly. The computer tally is valuable for the recording of financial transactions and the preparation of financial statements by using a computer. This Computer Tally Accounting Software is India's most popular accounting software. It is a useful and complete package of software for small and medium enterprises for computerized financial record keeping. Computer Tally is financial software that helps in business financial purposes. It is used for recording the daily business data of a particular company. The latest version of Computer Tally software is Tally Prime released in November 2020 Tally ERP 9, which was released in 2009. This version is an acclaimed financial accounting system and inventory management system with the computer. It is a package that offers maximum features for all kinds of business entities, from small to large entities. It also has updates related to the new features of GST (Goods & Services Tax), TDS, and Income Tax. This computerized accounting software allows the maintenance of books of account in the double-entry accounting system that helps in eliminating and rectifying accounting errors.