What do you mean by tally?

Answer 1

Tally is an accounting software that is widely used by businesses of all sizes to manage their financial transactions and accounting processes. It is a popular software in India and is known for its user-friendly interface and powerful features that help businesses streamline their accounting operations.

Some of the key features of Tally include:

Bookkeeping: Tally allows businesses to maintain their books of accounts by recording transactions such as sales, purchases, receipts, and payments.

Structured Learning Assistance - SLA is known for its excellence in education sector who provides Tally Course fortified with a well established infrastructure with advanced lab facility, senior industry expert and modern training system to enhance the knowledge of students.

SLA is well known entity having Tally Institute. It is built with all convenient facilities and positive study ambiance for the students. Fulfill the main task of placement, SLA aids in 100% Job Placement after completion of 70% course.

Financial Statements: Tally can generate financial statements such as Profit and Loss Statement, Balance Sheet, and Cash Flow Statement.

Inventory Management: Tally allows businesses to manage their inventory by tracking stock levels, recording stock transactions, and generating inventory reports.

Taxation: Tally can help businesses calculate and track various taxes such as GST, TDS, and VAT.

Payroll Management: Tally can also be used to manage payroll by tracking employee attendance, calculating salaries, and generating payslips.

Tally is an essential tool for businesses that want to keep track of their financial transactions and stay compliant with various tax laws. It offers a range of features that can help businesses automate their accounting processes, reduce errors, and improve efficiency.

Answer 2

To tally means to add up an amount of something. An attendance tally, a voting tally, and a tally of money raised are all examples.