Tally is an  Accounting Software used for accounting purposes. Tally in accounting is valuable for the recording of financial transactions and preparation of financial statements. This Accounting Software is India’s most popular accounting software. It is a useful and complete package of software for small & medium enterprises for financial record keeping. Tally Accounting 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 Tally software is Tally Prime released in November 2020 & Tally ERP 9, which was released in 2009. This version is one 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 computerised accounting software allows the maintenance of books of account in the double-entry accounting system that helps in eliminating and rectifying accounting errors.