It provides simple financial reports and bill wise analysis of debtors and creditors in the business.
It takes care of accounting activities only such as Ledgers Classification Vouchers Entry. Tally 4.5: This version MS-DOS support financial accounting system. Must Read: What is Latest Features of Tally ERP 9 History and Versions of Tally: These release Include support for Inventory used to stock maintenance of the company, Payroll which used to employee salary calculation and wages payments and Multi Lingual support in Many Indian languages Hindi, Tamil, Telugu, Kannada, Malayalam, Gujarati, Marathi and more. The subsequent Tally releases are Tally 5.4, Tally 6.3, Tally 7.2, Tally 8.1 and Tally 9.0, Tally ERP (Enterprise Resources Planning). It will create all the statements, Trial Balance and Balance Sheet For you. All you need to do is just create Ledgers and enter vouchers. Auditors and Accountants who used to maintain large volumes of hard-bound notebooks were amazed at the ability of Tally to calculate Balance sheets and Profit Loss accounts within seconds. Peutronics (The Company that develops Tally) used this opportunity and put their Tally Version 4.5 on the market. Personal computers had gaining popularity in India those days. It had Basic Financial Accounting / Book Keeping Tools. This is DOS (MS-DOS) based software released in the beginning of 1986’s.
The Initial Release of Tally was Tally 4.5 version.
So, today we talk about the History of all versions of tally. Introduction and History of Tally: Introduction of Tally: Tally is widely used in different countries due to its user friendly features.
You can also prepare payslips, attendance sheet and many more in the payroll report. You know very well that Tally is accounting cum inventory software which provide different accounts, inventory features which different taxation part. After reading this article you will be able to easily understand about introduction and history of Tally. Dear Friends, You know very well that inventory or stock is an important part of our business without any information of inventory you not able to calculate how much profit or loss you have on particular stock item.
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