If you are thinking of buying Tally ERP 9 accounting software from a registered partner with industry experience, this review will help understand the basic functionalities of the ERP software as it relates to managing a small, and medium enterprise efficiently.
Tally ERP 9 software is built to offer robust features that make accounting and inventory management reliable and stress-free.
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As per the deliverables of this ERP, here is everything you need to know:
Accounting management in Tally ERP 9 software
- With Tally.ERP 9 software, you can post sales voucher and see real-time reports of your cash inflow on a daily, weekly, monthly or annual basis.
- You can also monitor your business expenses via purchase vouchers, a document that contains a summary of your cash outflows.
- Tally ERP software allows you to track and process pending orders.
- You also gain seamless access to supports to do general journal adjustments, generate payment receipts and raise contra vouchers
Inventory management
- For businesses that manage inventories, Tally.ERP 9 lets you see your inventory movements in the simplest and understandable format. You can group your inventories according to categories or any other common tag you deem necessary for reporting. If you manage your inventories in multiple locations, Tally ERP 9 for SMEs is here to make that task easier for you.
- You can also set prices for different customer types. For instance, you can offer discounts to customers that buy regularly from you while maintaining the regular price for new or walk-in customers.
Banking transactions support in Tally ERP 9 software.
- On the banking section of Tally ERP 9 software, you can track all your payments to vendors or product suppliers as well as generate cash/cheque deposit slip on a daily, weekly or monthly basis.
- Reconciling your bank statement with the balances on your ERP is a no brainer; Tally ERP 9 provides an upload functionality for soft copies of your bank statements. With a few seconds, your bank balances are reconciled.
- Tally.ERP 9 supports online transactions made in the form of e-Payments on multiple banks’platforms.
Easy access to business reports
- Of what use is an ERP software if you can’t generate financial reports that are necessary for swift decision making? Tally ERP 9 lets you see your profit or loss positions as well as assets and liabilities.
- Tally.ERP 9 also provides insights on how your business is trending based on the profitability of what you sell and cash flow.
Budgets and controls
- Tally ERP 9 lets you allocate budget to different departments and cost centres while comparing your actual figures against the benchmark for variances. This is one key feature you will love in the software as it helps you monitor the progress of your projects.
- Another important feature is its credit limit for parties or units. Tally ERP 9 helps you set a cap on your expenses in such a way that if you exceed your budgeted figure, it warns and alerts you.
Manage unlimited companies and group companies
- For users that would like to manage the account of multiple businesses, Tally ERP 9 lets you run multiple companies file within the same license. Users can see consolidated reports by creating a Group Company in the ERP software.
- One of the key Tally’s ERP Software feature is that the user can follow the performance of their business on a group level while comparing figures on a quarter on quarter basis.
Security features in ERP Software
- The Tally Vault password system has been designed to offer top-level data encryption so you can rest assured that your company files are safe from unauthorized third-party access.
- With User Management settings, you can grant access, define roles and exercise control over transaction postings.
ERP Software functionality – Remote access via the cloud server
- As businesses embrace the new normal amidst Covid-19 pandemic, you can take your data to the cloud, centralize your file and securely post new transactions remotely.
- With Tally.ERP 9, you can take a swift business decision on the go since your data is readily available for remote access.
Tally ERP Software Partners in Nigeria and Prices of Different ERP 9 Versions in Naira.
Find below the different versions of Tally and where to find registered resellers online.
- Tally ERP 9 accounting software is available in two versions: Tally ERP 9 Silver and Tally ERP 9 Gold
- Tally ERP 9 Silver comes as a single user license, it is the price between N250,000 – N350,000.
- Tally ERP 9 Gold is a multi-user license that more than one user to access a central data file; With a multi-user license, unlimited number of users in the finance department of a business can work concurrently in a single LAN environment. The software price ranges from N800,000 – N1,050,000.
- See our Tally ERP software store – click here