Tally ERP Software Demonstrators:

Kim Joseph Soriano, Lovely Serame, Althea Leturco, Jenny Sebastian

Founder of Tally ERP Software

Shyam Sunder Goenka

He was an Indian entrepreneur and the Founder
and Executive Chairman of Tally Solutions,
Bangalore, one of India’s first software product
companies.
Founder of Tally ERP Software

Bharat Goenka
The son of the late Shyam Sunder Goenka and
the current owner of Tally ERP Software.
Brief History of Tally ERP Software versions
• The first version of Tally was Tally 4.5 and it was released in 1990’s.
It is a MS-Dos based software.
• The second version of Tally was Tally 5.4 and it was released in 1996.
It was a graphic interface version.
• The next version of Tally was Tally 6.3 and this Tally version was
released in 2001. It is a window based version and supports printing
and implemented with VAT(Value Added Tax).
• The next version of Tally was Tally 7.2 and it was released in 2005.
This version was added with a new features of Statutory
complimentary version and VAT rules per state wise.
Brief History of Tally ERP Software versions
• The next version of Tally was Tally 8.1 and it was developed with a
new data structure. This version was added with new features of POS
(Point Of Sale) and Payroll.
• Due to bugs and errors, a new version if Tally 9 was released in 2006.
It has maximum features like payroll, TDS, FBT, E-TDS filling, etc.
• Tally ERP 9 is the latest version of Tally and released in 2009. This
latest Tally ERP 9 package offering maximum features for small
business industries to large business industries. It also updated with
new features of GST (Goods & Services Tax.)
 Introduction to Tally ERP Software
• What is Tally ERP Software?
Tally is an Enterprise Resource Planning accounting software package
used for recording day to day business data of a company.
• Tally is an accounting software provides a solution around inventory
management, stock management, invoicing, purchase order
management, discounting, stock valuation methodology, etc.
 Introduction to Tally ERP Software
• Tally accounting software also comes with drill down options, which
can track every detail of transaction. It helps in maintaining simple
classification of accounts, general ledger, accounts receivable and
payable, bank reconciliation, etc.

• Tally accounting software is capable of undertaking financial analysis

and financial management. It provides information around receivables
turnover, cash flow statement, activity consolidation and even branch
accounting.
 Introduction to Tally ERP Software
• A single connection can support multiple users. It can be easily used in
conjunction with the Internet making possible to publish global
financial reports.
• Tally accounting software can seamlessly connect with various
Microsoft applications.

• Tally ERP 9 Software is one acclaimed financial accounting system

and inventory management system with power computer.
 Introduction to Tally ERP Software
• Tally ERP 9 is one best accounting software that can be integrated
with other business applications such as Sales, Finance, Purchasing,
Payroll, Inventory, etc.
• Tally Software stores all the business transactions of each account in
detail. Tally ERP 9 follows double entry accounting system and hence
eliminates and rectifies possible errors.
 Features of Tally ERP Software
• Tally has
ERPa9feature
supports
of synchronization,
multi languages, the
so ittransactions
is called as maintained
multi-lingual
in
tally software.
multiple locations
Accounts
officescan
canbebemaintained
automatically
in one
updated.
language and
• reports
Generatecan be viewed in
consolidated anotherstatements
financial language. as per requirements of the
• company.
You can create and maintain accounts up to 99,999 companies.
• Managing
Using payroll
single
feature,
and multiple
you can groups
automate
areemployee
very important
recordsfeatures of
management.
tally.
 Advantages of Tally ERP
• It
Tally
is built
ERPin9 back
software
up and
is arestore,
low costsooftheownership
user can easily
and itbackup
can be easily
all
implemented
company dataand
in acustomized.
single directory, om a local system disk.
• Supports multi
all types
operating
of protocols
systems
such
such
as HTTP,
as Windows
HTTPS,
& Linux
FTP, SMTP,
and can
be installed
OBDC, etc. on multiple systems.
• Supports
Tally software
multi utilizes
languagesveryincluding
low space
9 Indian
for installation
language.and
Thethedata can be
installation
entered in one
of tally
language
is an and
easyyou
method.
can generate invoices, PO’s, Delivery
notes, etc in other languages.
 Disadvantages of Tally ERP 9
• NOT USER-FRIENDLY: Tally fails to be a user-friendly software. It does not help you use it with
ease. It is of course a simple software but not everyone can grasp the knowledge of accounting
soon after installing. Hence it fails to guide its users in a simple way on how to use it when you do
not know have much knowledge about accounting.
• Single window software: It does not allow to open the same transaction screen from multiple
computers. Therefore it becomes time consuming unlike other software that allows you to work
on more than one ledger at a time. Tally allows only one ledger at a time which makes it difficult
for the user to view other things in it at once.
• No Useful Upgrades: They have brought out new versions of Tally but the improvement has been
bare minimum. There was Tally 4.5 and till Tally 9 ERP but the difference is hardly noticeable. And
in case you have got yourself  the old Tally then you cannot improve it with new features that the
latest version has, which is one of the biggest drawbacks of this software. You are stuck with one
kind of tally as the developers does not care to check on the old existing Tally that are still being
used. However they have now made it possible to move from 7.2 to 9 and it is a good start.
 Disadvantages of Tally ERP 9
• Is not ideal for Multi-branch: In case you have multiple branches, Tally becomes way too
expensive to run. You will have to invest in Servers and LAN bundled with Tally.net. Further
more the sync is not real-time. It needs manual sync and the data is not updated if the
accountant is not available in any of the branches to sync manually.
• Not Flexible: The default setting button is not provided. In case you want to change the
setting after the configuration settings are done. You have to restart and delete all the ledgers
and start again from the beginning. Once you have created the journal voucher it is not
possible to make changes in it. In Tally ERP once you have set the level of the items in the
 inventory you cannot set the level once again after the reorder. This makes it very rigid and
difficult to use.
• No Central Support: The support system of this software is still lagging behind and that makes
it difficult for the users to find support when there is any issue with the software. It makes the
users find even more difficult in operating it as there are no good supports from the other
side to help them out with the training on how to use it
 Disadvantages of Tally ERP 9
• Low Security: You have to be very careful with the password as well. Once you lose or forget the
user password the retrieving of data is very difficult and quite time consuming. Also there is a
alarming possibility of losing the data in case of a virus or hard disk crash.
• No Customization: Customization is very limited. When they customize their product for you, you
do not get the complete package and it makes it even more difficult for you to work with as you pay
the price but then you have to settle for minimum.
• Bad Integration of Invoicing Modules: Tally does not have any modules that you can call as an
extra feature that results automatically when using a feature that already exists independently. So it
does not provide account payable, receivable, etc; unlike quickbook and other software.
• Risk of Data Loss and intrusion: As it is an offline software therefore it has no backup in case your
system crash or some mishap takes place. Therefore you have to separately back up your data
which gives birth to extra work.
Demonstration of Software: