Introduction to Tally.

ERP 9 Accounting Software

Tally.ERP 9 is one of the most widely used financial software. Tally.ERP 9 reports
can help a business owner make informed decisions to increase efficiency, reduce
costs, and organize business operations. With Tally.ERP 9, accurate, up-to-date
business information is available at your fingertips anytime. It provides a
Comprehensive solution for the accounting and inventory needs of a business. It
provides the capability to generate fully accurate tax returns in a matter of minutes
and is also capable of extracting, interpreting and presenting financial data.
Tally.ERP 9 is the world’s fastest and most powerful concurrent Multi-lingual
business Accounting and Inventory Management software. Tally.ERP 9, designed
exclusively to meet the needs of small and medium businesses, is a fully
integrated, affordable and highly reliable software. Tally.ERP 9 is easy to buy, quick
to install, and easy to learn and use. Tally.ERP 9 is designed to automate and
integrate all your business operations, such as sales, finance, purchasing,
inventory, and manufacturing. With Tally.ERP 9, accurate, up-to-date business
information is literally at your fingertips anywhere. The powerful new features and
blazing speed and power of Tally.ERP 9 combined with enhanced MIS,
Multilingual, Data Synchronization and Remote capabilities help you simplify all
your business processes easily and cost-effectively.

Review of Literature:

1. The software appears to be DOS-based. Tally lacks all of the Common UI

(User Interface) characteristics found in all contemporary software, which is
defined as software that is less than 20 years old. Nothing, not even drop-
down menus or appropriate windows.
 2. No Copy Paste – The software does not support copy pasting. WTF… Copy-
paste was available in DOS. It is necessary to manually enter the path link
to the file repository. Regular Guys This is very sad. The ‘open file’ feature is
not functional.

3.The UI and Layout are terrible. I’ve seen open-source software that looks
better.
4.Value for the money: 0 Even if it were supplied for free, I wouldn't even attempt
to download it.
5.The display of ledgers is not properly segmented. Imagine that you are creating
a sales invoice and, throughout the process of choosing your customers, clients,
or other types of debtors, all the other entities and ledgers, including those of your
suppliers and purported Sundry Creditors, are shoved in your face. (I'm curious
who came up with these terms.)
6. The mouse is not very useful. To do anything, you must repeatedly press the
Enter key. For instance, if you are inputting a voucher and you choose the ledger
to which the voucher belongs, you are given the option to update the
Suppliers'/Customers' Name, Address, and other Information. No matter what you
do, you have to repeatedly hit the Enter key to get that annoying window out of the
way.
7. Editorial Insanity: There is no Undo when changing a list or other object; what
has been done is done. and when you have to choose from a variety of options. If
you want to search for one item out of a hundred, you must utilise the no-scroll
option and type the first few letters.
8. There is a big list. If the answer sparks any interest, I'll add more.

Finally, the only reason we purchased this was because it was the only programme
that the accounting professionals were familiar with. We weren't prepared for the
potential delays brought on by learning another software.
Research Objectives:

Tally.ERP 9 is a business management software that helps users manage their

accounting and financial processes. Its objectives include:
Simplifying and automating financial management
Tally’s core mission is to simplify and automate financial management for
businesses and individuals.
Providing comprehensive business functionalities
Tally.ERP 9 offers a wide range of business functionalities, including accounting,
finance, inventory, sales, purchase, manufacturing, costing, payroll, and branch
management.
Enabling compliance
Tally.ERP 9 offers compliance capabilities for excise, TDS, TCS, and GST.
Providing a flexible inventory management system
Tally.ERP 9 allows users to manage stocks in a flexible way by defining unlimited
stock groups and categories.
Enabling accounting without codes
Tally.ERP 9 allows users to account with regular names without any account codes.
Providing a balance sheet
Tally.ERP 9 provides a balance sheet that shows a company’s assets and
liabilities.
Enabling payroll management
Tally.ERP 9 allows users to create pay heads for salary components and generate
payslips for employees.
Research Hypothesis:
A research hypothesis about Tally ERP 9 is that there is a significant relationship
between socio-economic variables and the level of awareness of Tally ERP 9
features. The null hypothesis is that there is no significant relationship between
these variables.
Tally ERP 9 is an accounting software that can help businesses with a variety of
tasks, including:
Accounting
Tally ERP 9 allows users to account without account codes, and it can help with
GST compliance.
Reporting
Tally ERP 9 provides reports for accounting, inventory management, and statutory
needs.
Multi-company management
Tally ERP 9 allows users to maintain multiple companies.

Research Approach:
Tally.ERP 9's research approach may involve collecting primary and secondary data from
various sources, such as accounting professionals, books, journals, and websites. The data
may be used to formulate hypotheses and test them to determine the relationship between
variables. For example, a study may hypothesize that there is a significant relationship
between socio-economic variables and the level of awareness of Tally.ERP 9 features.

 Methodology:
 Stock valuation Users can set up different valuation methods for each stock item, such as
FIFO, LIFO, Average Cost, Average Price, and more. Tally.ERP 9 can display stock in
multiple valuation methods simultaneously.

 Inventory management
Users can create unlimited stock groups and categories, and track stock by
godown. Users can also create multiple price lists for different types of customers.

 Accounting reports
Tally.ERP 9 offers a variety of accounting reports, including the Balance Sheet, which
shows a company's assets and liabilities. Users can configure the Balance Sheet using
F12 configuration.

 Order processing
Tally.ERP 9 supports Job Work In Order, which is when a job worker receives an order
to process or manufacture goods.

 Sampling methods
Tally.ERP 9 supports sampling methods for various voucher types.

Expected Outcome:
Tally ERP 9 is a business management software that can help with accounting, inventory,
and compliance. Some expected outcomes of using Tally ERP 9 include:

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 Improved decision making: Tally ERP 9 can help business owners make decisions
based on financial reports, stock clearance status, and other information.
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 GST compliance: Tally ERP 9 can help businesses become GST compliant by
creating GST classifications, updating stock items, and more.
 Enhanced inventory management: Tally ERP 9 can help with inventory
management.
  Simplified accounting tasks: Tally ERP 9 can help simplify complex accounting
tasks.
 User-friendly interface: Tally ERP 9 has a user-friendly interface.
 Flexibility: Tally ERP 9 is flexible ad has a wide range of business functionalities.
 Customizable reports: Tally ERP 9 can create reports in the required format using
productivity suites like Microsoft Office or Open Office.
 Browser-viewable reports: Tally ERP 9 reports can be viewed in a browser.
 Export data in HTML format: Tally ERP 9 can export data in HTML format that
can be sent as an attachment and read using an internet browser.

Chapter Scheme:
1. Introduction
2. Literature Review
3. Research Methodology
4. Data Analysis and Results
5. Discussion and Implications
6. Conclusion
7. References
8. Appendices
Tentative Timeline: 2yrs
1. Literature Review: 6 months
2. Pilot study: 3months
3. Data collection: 6 months
4. Data analysis: 3months
5. Final Report writing and submission: 6 Months

Reference:
https://tallysolutions.com/tally/reports-in-tally-erp-9/
Internet.

Research Student
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