Tally is a software that has made recoding of accounting transactions very effective, providing accuracy and carrying out efficient business transactions.
Tally has numerous features that are highly beneficial for businesses like:-
1. Access across the globe – One can manage the data of Tally software of any organization globally. It brings together all branches and makes common calculations for the company at large. So no matter which location and whatever
time it is, an employee has all over access which will be uniform throughout the world. An auditor located in one place can access business data of client in a faraway location and thereby provide remote services.
2. Generation of useful tools – An accountant can generate reports such as cash book, ledgers, profit and loss account, balance sheet so on that will be useful in management decision making and tracking of business.
3. Data reliability and safety – Data entered in Tally is reliable and secure. There is no scope of tampering or altering data, after being entered in the software, because it is secure through passwords, audit trails etc.