TALLY GURU LATEST FEATURES

Tally GURU is one of the most necessary accounting software that is commonly used in India,
without which an accountant cannot survive in his/her field. As this deals with the following features,
  • Daily accounting
  • Balance sheet finalization
  • Inventory maintenance
  • Tax filing
Tally’s advantages:
We can make ledgers and pass entry, automatically ledgers, trail balance and balance sheet gets updated.
Where as in normal accounting we have to pass entries, make ledgers, make trail balance, make profit and
loss, make balance sheet which is comparatively a longer task.
In tally there won’t be that much of errors when compared to normal accounting, while the balance sheet
is being tallied it will be a tougher task in normal accounting when compared to tally. Hence tally plays
a vital role in accounting.
TALLY GURU
A business cannot operate in isolation. It needs a society to operate which is governed by a government
which has different types of taxes on a business as it is a commercial activity. Previously Income Tax, VAT,
Excise, Customs and Service Tax were taken care of by Tally. Now GST is also included in Tally’s latest
version. You can upgrade Tally to have the GST functionality right now. Now you can also create GST
entries in Tally as well as GST Returns in Tally without using any other software. The process is simple
and easy and almost same as previous taxation entries. If you are covered under Audit as per Income Tax
Act, 1961 then there are different functions for that also such as Form 3CD, Form 3CA, 44AB Audit, and
Form 3CB and so on. If you have taxation functions enabled then billing is done including taxes on the
sales or purchases. At the end of the year or a particular accounting period tax credit or tax payable
automatically gets calculated by Tally. Here there are different features like Ratio analysis which displays
many important ratios on the basis of information which is entered, some other features are like Current r
atio, quick ratio, debt/equity ratio and inventory turnover. These features give more comfort and ability for
the users to make more easy accounting ways, moreover ratio analysis in tally helps the users to make
quick decisions about their business or their client’s business whatever the case may be.
The updated version of tally is used in 100 different countries apart from India, from a personal accounting
to shop to manufacturing enterprise, Tally can do all of it.

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