Accounting Software
What is accounting software?
Accounting software is a business management software used by businesses to record the transactions, process and present the business information in the form of reports, giving a complete picture of the company. It helps you to keep track of all the financial records and manage various accounting tasks.
By automating the recording of accounting information, accounting software enables efficient and quick processing of financial information. Other than businesses, accounting software is used by professionals such as Bookkeepers, tax professionals and other accounting professionals.
TallyPrime is accounting software that makes recording and organizing accounting information so simple that in no time you will be in greater control of your business, right from invoicing to insights that matter business growth.
Key features/core modules of TallyPrime as Accounting Software
TallyPrime, a Complete Accounting Software, helps you manage several functions of the business, starting from recoding the business transactions to generating complex reports, in an integrated manner.
 Accounts receivable, for all money the business receives |  Accounts payable, for all money the business owes |
Pre-defined chart of accounts |
 Invoicing and billing |  Flexible inventory management |  Insightful business reports |
Sales and purchase management |  Record and Bookkeeping |  Transact in multiple currencies |
 Online business reports |  Employee Payroll Management |
Multi-company support |
 Cost tracking and analysis |  Complete solution for GST, TDS and TCS |
Accounting reports in TallyPrime
TallyPrime comes with a diverse set of readily available accounting business reports with numerous views and actionable insights to help you make informed decisions for your business growth. These reports are designed to aid in analysis, such that you can slice and dice the information in reports and create various viewpoints to understand the reports better.
The best part is that you can personalise the business reports by creating and saving multiple views of the same report, the way it works for you.
Accounting reports
- Ledger reports
- Cash/bank books
- Purchase/sales register
- Bills receivables
- Bills payables
Financial reports
- Balance sheet
- Profit & loss A/c
- Trial balance
- Ratio analysis
- Stock summary
- Stock ageing analysis
- Movement analysis
- Stock transfers
- Stock item cost analysis
- Location/godown summary
- Stock-item-wise profitability
- Order summary
- Batch summary (Mfg. & Exp.Date)
- Re-order status reports
Management control reports
- Cost centre
- Cost category
- Budget
- Cash flow report and projection
Why is accounting software important in business accounting?
Business accounting involves a wide range of activities in order to capture a business’s entire financial picture. Done manually, it’s complex and time-consuming work. But accounting software has helped simplify these processes, giving business owners more time to focus on the administration and execution of their strategies. Below are some of the key benefits of using an accounting software:
- Improved business efficiency
- Sync between invoicing, accounting, and inventory
- Improved speed of data entry and processing
- Error–free data-entry and accurate accounting reports
- Auto-generated business reports
- Single source of data access for all functions in the organisation
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Things to consider before buying an accounting software
- Automation of Accounting process and tasks
- Auto-generation of business reports
- The reports from software should aid in the analysis and allow you to personalise the reports
- scalability & incremental implementation of features/modules as a business grows
- A complete solution to manage GST and other statutory as applicable to your business
- Integrates several functions such as accounting, inventory, taxation etc
- Online access to business reports
- Quick to on-board and easy to use
- Easy access to self and technical support system
- Date Security
- Option of Free trial to experience the software
TallyPrime is an accounting software that simplifies recording and organizing accounting information, providing greater control over businesses and professionals. It automates recording and processing of financial information, enabling efficient and quick processing. TallyPrime accounting software helps bookkeepers, tax professionals, and other accounting professionals track financial records and gain insights for business growth.
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