Tally is the famous Indian ERP accounting software, and is offering so many amazing advance features to its users on a constant basis which is very much appreciated. I have no idea about Tally’s inbuilt application platform however, from my profession of teaching and accounting, I can suggest some features which may increase user’s overall experience with Tally.erp 9 and the same is very beneficial to small and micro SMB who can not invest huge amount after SAP, Quick book or other customized Software. Further to above, no other ERP accounting software can beat job prosperity which is available only for Tally Accountants.
Enhanced Ratio Analysis in Tally
Ratio Analysis help managers to understand financial position quickly and help them in immediate decision-making and I really appreciate that Tally is providing Ratio Analysis however the facility is now limited only to few Ratio which cuts the usability of this great Managerial Tool.Let’s take example of equity ratio or net worth ratio. It is different from debt/equity ratio which is already given in tally but equity ratio shows the relationship of shareholder’s fund and total asset. So, if it has been available in Tally.erp 9, then it will be easy to analyze the solvency of a company. Another example is of interest coverage ratio. Again Tally.erp 9 offers interest calculation facility but it lacks an automated interest coverage ratio. If it will be in tally, it will be more helpful to compare net profit and fixed interest charges and to analyze loan and debt.
If you need to learn more about Ratio Analysis, then just drop me a line, or you can read in more details about various Ratios on my blog.
Fixed Asset Register
Maintenance of Fixed Assets Register is a statutory and compulsory need under the Companies Act, 1956 (now, Companies Act, 2008) and there is large number of private and public limited companies are using Tally.erp 9 as their sole Accounting software as well as to manage statutory compliance.However as on writing of this article e.g. 1st December, 2010, maintenance of Fixed Assets Register is not available in Tally.erp 9 which is a big cons for private/public companies which are using Tally.erp 9. Apart from the statutory need, Fixed Assets register is also helpful for other small and medium SMB to track of asset in a systematic manner.So, that the user can easily capture important details like an asset purchased, depreciation, sale and remaining part of asset etc.
Missing Elements to be a Complete ERP System.
Tally has now converted Tall.ERP 9. It means it has all facilities for integration of businesses . But when we watch other Enterprise resource processing software like Quickbook, Economic Accounting Software, we may feel that many important things is still missing in Tally.erp 9 to make it user’s darling software. for instance, electronic fund transfer (EFT) and decision support system (DSS), credit /debit card payment mechanism, HR management etc.
Don’t forget to share your views on the above subject. If you feel something also is missing in Tally.erp, then just share it here.
I have received the post graduate degree in commerce from H.P. University in 2004. I started my career in 2001 as a part-time teacher in S.O.S. Children Village of India. I have also taught commerce classes for 8 years.
I have also started to write a blog where I teach accounting and you can learn basic and advance concepts and solve your accounting problems.
Concept of commiission agent or incentve based sales ,auto consumption of components for more than one manufacturing item is missing
Hi Vikas,
Yeah Agreed with you but I believe that by launching of Series B and C, there will be everything in Tally!
Series B will be available during 1 or 2nd Quarter of 2011. Development at Tally is happening very very fast.
thank u sir i am 6 yr exp in a/cs but i want to become expert accountant what to do
As per my tally teacher 7.2 version is better than 9 for payroll. In tally 9 payroll procedure is very legnthy.
Rahul,
You are luccky that you got such a very learned teacher. Just request your teacher to prepare 60 employee’s payroll processing with PF, Income Tax, professional tax calculation in 10 minutes Tally 7.2! and then do let me know what he says !
Can I get free online tally test for improving our knowledge. If you can provide online test please send me link on my email address.
Thanks
how to calculate interest for any ledger ?
please provide some solution for consignment sale which is pending since long time.in karnataka still their is commision system.
bhabutmaljain,
A query with full details is always much appreciated. only than a solutions can be provided. also you must mention your Tally Serial number
pl. advice to how to manage asset register in tally -9 ? or is there separate programme for asset register ?
COURT FEE STAMP IN SALES BILL FIX CHARGES OF RS.5/- ONLY ALL SALES INVOICE HOW TO CREATE IN TALLY SOFTWARE.
please give the option of selection of address in Multiple Invoices i.e. Office Address Invoice & Godown Address Invoice
hi all there is a problem with tally what I observe is that when I enter a voucher, an account or along with inventory entered twice or thrice amongst many accounts tally is not able to show all the references together like I debit ramesh’s a/c with some inventory then ajay’s a/c with another inventory and again debit ramesh’s a/c and pass the voucher tally would not able to show both references of ramesh’s a/c with inventory while give sum of both entries (as 40+40=80) a/c debited with 80 but showing only first reference not second and third or others of ramesh.
In ledger voucher summary it will show only first ledger name. It doesn’t affect your accounts. Press F1 and you will get full details
Dear sir,
please solve these issues.
1. while creating sale invoice (in both accounting invoice & item invoice) non current liability items are not able to be selected. (for the purpose of adjustment mobilisation advances).
2. now tally is not allowing to account purchase of assets in purchase voucher? (in both accounting invoice & item invoice)
Need to incorporate these changes in Tally 9 :
1) Instead of ‘Consignee’ in Tax Invoice, there must be “Shipped To” words as per E-Way Bill Compliance, so that there will not be any confusion.
2) These ‘Shipped To’ words should be below Buyer Details. Currently, the Buyer Details are below Consignee Details.
I have a suggestion to tally that if we issue a PDC then it will be in a future date only and no posting date option available. So if we try to post a PDC it must show both posting date and value date. otherwise how to get issuing date.I believe Issue date is very important to identify when the cheque was issued.
Hii,
Just wanted to share an experience with you which created a lot of trouble in my as well as every CA or accountant’s life after rolling out of GST, So when I use to reconcile the ITC as per GSTR-2A & ITC claimed as per books it is a bit difficult to reconcile manually please add a Purchase memorandum register in tally in which you should enter the date of receiving of bill so as to take credit in that particular month & date to which the bill pertains so that it can be easily identified to trace any additional entries from memorandum, easy to take credit instead of manual checking & bill should be easily reflected in the month it belongs to.
Instead of “Consignee” ‘Ship to ” should be incorporated as per requirements of GST and Instead of “Buyer” “Bill to” should be incorporated in Tally ERP 9. Also Bill to address should be in upper side and Ship to address should be on lower side. At present they are upside down. Please consider these changes in your upcoming upgrade, so that the buyers will get satisfied in view of GST requirements.
WHILE ENTERING PURCHASE REGISTER ACCOUNTANT SHOULD CONFIRM THAT GST NO. MENTIONED ON PURCHASE BILL IS CORRECT WITHOUT WHICH ENTRY SHOULD NOT PROCEED AS IT IS SEEN THAT THERE ARE WRONG NUMBERS DISCLOSED ON PURCHASEBILLS DUE TO WHICH ITC IS NOT AVAILABLE AS IT IS NOTICED AT THE STAGE OF AUDIT AND AT THAT TIME RECTIFICATION OF SAME NOT POSSIBLE
I believe to folow your suggestion is practically difficult.
The reason is that to verify stuff with a 3rd party softwre/GST website needs to be run
Now, imagin if you have 10 users passing entries at the same time and one user has to pass multiple purchase bills then each time Tally will halt to check the gst number validation, to connect with the Govt site
and during that process other user’s tally will also wont’ respond
best way is while creating masters, the GST TIN Number can be verified there are web based tools/ Services which are helpful. so that Tally’s backend doesnt’ affect while working on Tally.
Dear sir, when we are filling address info in tally why tally are not auto updated state when we are filling pin code.
Dear sir we are Navayuga Offset printers, Vijayawada using Tally Erp9 Silver and also using Biz Analist from past two years two users. Small suggestion from our side. We are experting that the parties (Debtors & Creditors) will receive the Invoice Automatically when we enter the Invoice and payment details in our systems. Thankyou
Hello,
We are not associated With Tally Solutions and also not with Biz Analist.
Infact we are developing our own online ERP Software with Tally Integrtaions and it will contain all those features you are expecting.
If you wish, you can test the Early access of our new software https://www.drushtant.com
Hi…
Is there any way to improve in tally that we can attach a reference file (may be in word or excel) in the meanwhile of voucher entry.
Hello Sudarsan,
There are many add ons available in the market.
Through paid tdl it is possible.