Application
of computerised accounting system – Tally with GST package
Tally is one of the most
widely used financial accounting softwares. It is used by various types of
trade and industries. It is a comprehensive business accounting and inventory
management software that provides various facilities like multi-lingual operations,
online functions, legally supported reports, etc.
In 2009, Tally Solutions
introduced the software Tally.ERP 9. The software offers comprehensive business
management solution. It maintains all books of accounts. Different types of
vouchers such as vouchers for receipt, payment, sales, purchases, etc., can be
used for recording transactions. It follows the principle of double entry
system of book keeping. In 2017, it was updated to comply with the Indian Goods
and Services Tax (GST) requirements.
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