Tally is an accounting software package that is used to record day to day transaction or business data of company. The latest version of tally is Tally Prime. Tally Prime software is one of the most financial accounting systems used in India. For Small and Medium Enterprises, it is complete enterprises software. It is software with an ideal combination of function, control and inbuilt customizability.

Tally Prime is the best accounting software. This integrates with other business application like Inventory, Finance, Sales, Payroll and Purchasing etc. Tally software is used for storing all the business transaction of each account in detail. Tally had made calculation simple it becomes the part of business

 Tally is cost effective and time saving. It also ensures accuracy in business management. It enables the digitalization of bills and signatures. Tally follows double entry accounting system and hence eliminates and rectifies possible errors. Small scale enterprises believe that Tally software carries out efficient business transaction, provide accuracy, and save a lot of time. Manual calculations are time consuming, that’s why organizations use tally because of tally the chances of error are reduced. Advantages of Tally Prime a) Tally primes software is low cost of ownership and it can easily be implemented and customize. b) It support multi operating system such as Windows and Linux and can be installed on multiple system. c) Tally software utilizes very low space for installation and installation of tally is an easy method. d) Tally is inbuilt in backup and restore, so the user can easily backup all the company data in single directory, in the local system disk. e) Support multi languages including 9 Indian languages (Hindi, Marathi, Gujarati, Bengali, Kannada, Tamil, Telugu, Malayalam, and Punjabi). The data can be entered in one language and you can generate invoices etc in other languages. Lord Buddha Educational Trust Page 3 Tally solutions known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka and incorporated in 1991. The first version of the accounting software was launched as an MS Dos application. It had only basic accounting functions, and was named Peutronics Financial Accountant.