ICITSS PROGRAMME

PROJECT REPORT

SUBMITTED BY : SUBMITTED TO :
 BATCH NO.  Mr. Deepanshu
: 157
Goyal
 BATCH TIMING : 2:00 pm to
8:00 pm  Mrs. Deepa verma

 Mrs. Himanshi
 CENTRE NAME : PRASHANT Gabba
 STUDENT DETAILS
Roll no. Name Registration No.
19 Kiran sharma NRO0498937

20 Leesha Malhotra NRO0523934

21 Nandini Mishra NRO0566490

22 Neha Mehla NRO0523986

23 Parth Jain NRO0466546

24 Prarthana NRO0546930
26 Priyanshu Tayal NRO0522937

27 Riya NRO0514366
TALLY PRIME
AND
ZOHO
 ACKNOWLEDGEMENT
To the respected faculties , we would like to express our heartfelt gratitude
for your guidance and support throughout the completion of our group
project . your unwavering commitments to our learning has been
instrumental in our success , and we truly appreciate the time and effort
you dedicated to ensuring our understanding of the subject matter.

We would also like to extend our thanks to our fellow group members .Each
of you played a crucial role in contributing your unique perspectives and
skills to the project . the collaborative effort and teamwork demonstrated by
the group made this presentation a rewarding and enriching experience.

We also respect and thank ICAI for providing us this opportunity which
helped us in improving our team work skills
 TABLE OF CONTENTS
01 04 07
• Introduction of tally • FSV in Zoho
• Backup and
• Advantages of tally books.
restore.
• Payroll
• Tally audit trial.
02 05 processing
08
• Multicurrency
• Accounts payable • Introduction of
& receivable in Zoho. • Comparison
tally. • Advantages of between tally prime
• Banking in tally and zoho
Zoho.

03 06
• Components of
• GST in tally prime.
• E-way bill in tally the accounting
system in Zoho.
prime.
INTRODUCTION
OF TALLY PRIME
TALLYPRIME IS A COMPLETE
BUSINESS MANAGEMENT
SOFTWARE FOR SMALL AND
MEDIUM BUSINESS. TALLYPRIME
HELPS YOU MANAGE
ACCOUNTING, INVENTORY,
BANKING, TAXATION, BANKING,
PAYROLL AND MUCH MORE TO
GET RID OF COMPLEXITIES, AND
IN TURN, FOCUS ON BUSINESS
GROWTH.
 ADVANTAGES OF TALLY
ADVANTAGE 1: USER-FRIENDLY INTERFACE
 Easy to navigate even for non-technical users.
 Requires minimal training to operate.
 Simple installation and setup process.

 ADVANTAGE 2: MULTI-USER ACCESSIBILITY

 Allows multiple users to access the system
simultaneously.
 Facilitates collaboration within departments (e.g.,
finance, inventory).
 Can be used across different locations via remote
 ADVANTAGE
access. 3: EFFICIENT DATA
 MANAGEMENT
Automates the recording of financial transactions.
 Ensures accurate and real-time data entry.
 Supports quick retrieval and analysis of historical data.
 FUNCTIONS OF TALLY
PRIME
 ACCOUNTING MANAGEMENT : Handles accounts payable and receivable,
bank reconciliations , and ledger management.
INVENTORY MANAGEMENT : Tracks inventory levels , stock movement and
valuation.
INVOICING : Generates professional invoices and manages billing processes.
FINANCIAL REPORTING : Provides customizable financial reports ,including
profits and loss statements, balance sheets and cash flow statements.
GST COMPLIANCE : Facilitates goods & services tax(GST) calculations and
filing in compliance with regulations.
MULTI-CURRENCY SUPPORT : Allows transactions in different currencies
beneficial for businesses with international dealings .
OMPANY CREATION IN TALLY PRI
Open Tally Prime
Tally Prime from your system.

Go to Company Creation
e Gateway of Tally, choose Create Company (or you can use the shortcut Alt + K and select Create under Company).

Enter Company Details

ory: The path where your company data will be saved (you can leave it as default or specify a custom path).
Enter the name of your company.
ry Mailing Address: Fill in the full address, including state, country, and Pincode.
ct Details: Provide the company's phone number, mobile, fax, and email.
ncy Symbol: By default, the currency is set to ₹ (Indian Rupee). You can change it based on your country.
ial Year Begins From: Enter the start date of your financial year.
Beginning From: This is usually the same as the financial year, but can be set to a later date if needed.
ault Password (optional): To encrypt your data, you can set up a vault password.
Step 4: Enable Features
•Select the yes for the Maintain
Accounts or Accounts with
Inventory (depending on whether
your business needs inventory
management).
•Security Control: Enable or
disable the security features
based on your needs (you can
enable it later too).

Step 5: Save the Company

•Once all the details are entered,
press Ctrl + A to save the
company.
 ACCOUNTS PAYABLE AND
RECEIVABLE IN TALLY
Accounts Accounts
Payable Key
Receivable
(Creditors) Features:
(Debtors):
:
Purchase Entry: Sales Entry:
• Go to Accounting • Go to Accounting
Vouchers → F9: Vouchers → F8: Sales.
Automatic tracking
Purchase. • Select customer ledger of outstanding
• Select supplier ledger (debtor). invoices.
(creditor). • Enter invoice details.
• Enter the invoice details. • Credit Sales Account
• Debit Purchase and Debit Customer
Account and Credit Account.
Supplier Account.
Payment to Receipt from
Supplier: Customer: Real-time updates in
• Go to Accounting • Go to Accounting
Vouchers → F5: Vouchers → F6:
Payables &
Payment. Receipt. Receivables reports.
• Select Supplier • Select Customer
Account. Account.
 BANKING IN TALLY

Cheque Bank
Management: Reconciliation:
• Go to Banking → • Go to Banking → E-Payments: Bank Interest
Cheques. Bank • Go to Banking → Deposit Slips: Calculation:
• Select Cheque Reconciliation. E-Payments. • Go to Banking → • Go to Accounting
Printing or • Select the Bank • Select transactions Features →
Deposit Slips.
Cheque Register. Account to for NEFT/RTGS. • Select bank, enter Enable Interest
• For printing, reconcile. • Generate a file or Calculation.
deposit details.
configure cheque • Enter dates for directly connect to • Define interest
• Generate and print
format → Print. matching bank bank portals. rates for
• Submit payment deposit slips for
• Track issued, entries with overdrafts/loans.
bank submission.
deposited, and statements. instructions and • View reports for
cleared cheques. • Unreconciled track statuses. calculated interest.
transactions will
be highlighted.
 FINANCIAL FEATURES
Enable Enable Inventory
Activate Taxation Enable Budgets Enable Multi-
Accounting Features (if
Features: and Scenarios: Currency:
Features: needed):
• Go to Gateway of • Go to F11: • Go to F11: • Go to Gateway of • Go to Gateway of
Tally → F11: Features → F2: Features → F3: Tally → F11: Tally → F11:
Features → F1: Inventory Statutory & Features → F1: Features → F1:
Accounting Features. Taxation. Accounting Accounting
Features. • Key Features to • Key Features to Features. Features.
• Key Features to Activate: Activate: • Enable Budgets • Enable Multi-
Activate: • Maintain • Enable GST: For & Controls to currency to
• Maintain Inventory: To Goods and manage financial maintain accounts
Accounts only: track inventory Services Tax. budgets and in different
If only and stock levels. • TDS and TCS: variance reporting. currencies and
accounting • Batch-wise For Tax Deducted manage exchange
(without Details: For and Collected at rate differences.
inventory) is batch number Source.
required. tracking. • VAT, Excise,
• Bill-wise • Multiple and Service
Details: For Godowns: For Tax: Based on
tracking managing stock applicable tax
receivables/paya in different structure.
bles against locations.
invoices.
• Cost Centers &
Categories: For
cost allocation
and tracking.
 GST IN TALLY PRIME
Why Use Tally Prime for GST?
• GST compliance: Automated calculation of GST based
on transaction type.
• Integrated tax management: Simplifies tax return
filing, invoicing, and reporting.
• Ease of use: User-friendly interface with step-by-step
guidance.

STEP 1 – Activating GST in Tally Prime

STEP 2 – Creating GST Ledgers in Tally Prime
STEP 3 – Recording GST Transactions
STEP 4 – GST Reports in Tally
STEP 5 – Filing GST Returns Using Tally
STEP 6 – GST Compliance in Tally
 GST PROCESS IN TALLY
STEP STEP STEP STEP STEP STEP
1 2 3 4 5 6
Go to F11 Ledger Select Sales GST Reports Steps to File Audit Features
Creation or Purchase Available GST Returns • Reconciliati
Features > • GST Voucher. • GSTR-1 from Tally on of
F3 Ledgers: (Outward 1. Ensure all GSTR-2A
CGST, Choose Supplies) vouchers with books.
Statutory SGST, customer/ven • GSTR-2 are Verification
& Taxation IGST dor ledger (Inward properly of tax
• Tax with GSTIN. Supplies) recorded. mismatche
Enable GST Ledgers • GSTR-3B 2. Reconcile s.
for various Select the (Summary mismatch • Periodic
Set GST rates items with of es (if validation
details such applicable Outward any). of GST
as GST Define item GST rates. and 3. Export reports.
registration groups and Inward GSTR Advantages
type, GST their Tally auto- Supplies) reports in • Tally
number applicable tax calculates • GST JSON/Exce ensures
(GSTIN), and rates. CGST, SGST, Summary l format. accuracy in
applicable or IGST based 4. Upload to tax
states. Add GSTIN for on the place How to GSTN calculation
customers of supply. Generate portal for s.
and vendors Reports: filing. • Simplifies
From compliance
Gateway of audits.
Tally >
 E-WAY BILL IN TALLY PRIME
STEP 1
Go to Gateway of Tally → F11: Features → GST Enable GST to Yes.
Enable e-way
bill in tally •In GST Details : Enable E-Way Bill Applicable: Yes.
•Set the Threshold Limit: (₹50,000 or as per business requirements).

STEP 2 Go to Gateway of Tally → Create → Ledger.

Create 1.Create a ledger named Under: Sundry Creditors Set GST
transporter
ledger Applicable to Applicable Enter GSTIN of the Transporter (if
applicable).
Step 3
Recording Go to Vouchers → Sales (F8) Select the Party Ledger (Customer) Select the
sales with e- Sales Ledger (Local/Interstate Sales) Enter item details and quantities
way bill

Step 4
Enter dispatch Enter Dispatch From and Dispatch To addresses Select Transporter Ledger
& transporter
details Enter Vehicle Number and Distance

Step 5
Export e-way Go to Gateway of Tally → Display More Reports → GST Reports → E-
bill as JSON
File
Way Bill Select the sales voucher Export (Ctrl+E) as a JSON file

Step 6
Upload JSON to Log in to the E-Way Bill Portal: ewaybillgst.gov.in Upload JSON file
e-way bill
portal under Generate Bulk E-Way Bill Get the E-Way Bill Number from
the portal.
Step 7 Go back to the E-Way Bill Report in Tally Prime
Record e-way Select the relevant transaction and enter the E-Way Bill number
bill in tally
received from the portal.
 TDS IN TALLY
STEP 1
Enable TDS
STEP 2
Create TDS
PRIME STEP 3
Create Party
STEP 4
Record TDS
STEP 5
Generate TDS
STEP 6
File TDS
in Tally Prime Ledger Ledger Transactions Reports Returns
Gateway of Tally Gateway of Tally Gateway of Tally Steps: Gateway of Tally Steps:
• Export TDS
F11 Features Accounts Info Accounts Info • Purchase/ Display returns to
Expense Entry: XML format
Statutory & Ledgers Ledgers Record purchase Statutory Reports for filing.
Taxation or expense • Submit
Create Create transactions with TDS Reports through the
Enable TDS to applicable TDS government
Yes Steps: Steps:Group: deduction. Reports e-filing
• Group: Duties & Sundry Available: portal.
Enter details like Taxes Creditors/Sundry • Payment Entry: • TDS Reminder:
TAN, Deductor • Type of Duty/Tax: Debtors Record payments Outstanding • Ensure
Type, and TDS Set Is TDS to vendors with • TDS Returns timely filing
address. • Select Nature of Deductible to Yes. TDS deductions. of TDS
Payment (e.g., Choose the • Tally auto- Use: returns to
Contractor, Rent, appropriate Nature calculates TDS Track and avoid
etc.) of Payment. based on the reconcile TDS penalties.
• Define TDS rate Set TDS threshold. configured rates. deducted and
and applicable
payable.
limits.
 BACKUP AND RESTORE
• BACKUP REFERS TO THE PROCESS OF CREATING A COPY OF YOUR COMPANY
DATA FILES TO PREVENT DATA LOSS DUE TO HARDWARE FAILURE, ACCIDENTAL
DELETION, OR CORRUPTION . THIS ENSURES THAT YOU CAN RECOVER YOUR
DATA IF NEEDED.
• RESTORE , ON THE OTHER HAND ,IS THE PROCESS OF RETRIEVING THIS BACKED
UP DATA AND REINSTATING IT IN TALLY. THIS IS USEFUL WHEN YOU NEED TO
RECOVER LOST INFORMATION OR MOVE DATA TO A NEW SYSTEM.
• TO PERFORM THESE ACTIONS ,TALLY PROVIDES STRAIGHTFORWARD OPTIONS IN
ITS MENU, ALLOWING USERS TO SELECT THE LOCATION FOR BACKUP AND
SPECIFY THE FILE TO RESTORE .REGULAR BACKUPS ARE CRUCIAL FOR
MAINTAINING DATA INTEGRITY AND SECURITY.
STEPS OF BACKUP
 OPEN TALLY AND SELECT THE COMPANY YOU WANT TO BACKUP
 GO TO GATEWAY OF TALLY
 NAVIGATE TO ALT+F3 (COMPANY)>BACKUP.
 CHOOSE THE PATH WHERE YOU WANT TO
SAVE THE BACKUP FILE
 PRESS ENTER TO CONFIRM THE BACKUP

STEPS OF RESTORE
 OPEN TALLY AND GO TO GATEWAY OF TALLY
 NAVIGATE TO ALT + F3 (COMPANY) > RESTORE.
 SELECT THE BACKUP LOCATION WHERE YOUR BACKUP FILE IS STORED
 CHOOSE THE COMPANY DATA TO RESTORE
 PRESS ENTER TO COMPLETE THE RESTORATION.
 COMPARATIVE FINAL A/C REPORTS OF TWO
COMPANIES

To View A Comparative Trial Balance Of Both Companies :

1) Load Vijay Enterprises Pvt. Ltd. And Ajay Enterprises Pvt. Ltd. Companies
2) From Gateway Of Tally> Display More Reports> Trial Balance
3) Click N: Auto Column> Under Auto Column> Select Company> Set Show
Total Column To Yes> Accept The Screen
 TALLY AUDIT TRAIL
STARTING FROM 1ST APRIL 2023, COMPANIES WILL HAVE TO MAINTAIN AN AUDIT
TRAIL FOR ALL TRANSACTIONS AS PER THE GUIDELINES ISSUED BY MCA . THE AUDIT
TRAIL IS NOT SIMPLY A RECORD: IT IS LISTED IN ORDER, STEP-BY-STEP, AND SERVES
AS PROOF OF A TRANSACTION'S HISTORY, RIGHT FROM RECORDING TO TRACKING ALL
CHANGES THAT MAY TAKE PLACE.

FEATURES:
• EDIT LOG FOR TRANSACTIONS AND MASTERS
• GET TO KNOW WHEN AND WHO MADE THE CHANGES
• COMPARE AND KNOW THE VERSION DIFFERENCE
• ENHANCED REPORT TO FILTER THE EDITED OR DELETED TRANSACTIONS
 ZOHO
ZOHO IS A CLOUD-BASED SUITE OF
BUSINESS APPLICATION, DESIGNED
TO CATER TO A WIDE ARRAY OF
BUSINESS NEEDS. IT PROVIDES A
UNIFIED PLATFORM FOR MANAGING
VARIOUS ASPECTS OF BUSINESS
OPERATION FROM CRM TO
FINANCIAL ACCOUNTING AND
EVERYTHING IN BETWEEN.
 ADVANTAGES OF ZOHO
COST EFFECTIVENESS: Its subscription –based model offers a range of features at
competitive pricing.

CLOUD-BASED ACCESSIBILITY: Zoho allows user to access their data & application
from anywhere with an internet connection, providing flexibility in work
arrangement.

SECURITY & DATA PROTECTION: Zoho places a strong emphasis on security,

implementing robust measures to protect user data , including encryption , secure
authentication and regular security audit.

INTEGRATION ECOSYSTEM: Zoho application are designed to work together

seamlessly. This integration ecosystem ensures that data flows smoothly between
 COMPONENTS OF ZOHO
 CUSTOMER RELATIONSHIP MANAGEMENT- Zoho CRM is a customer-
centric platform that enables businesses to manage their interactions
with customers, automate sales processes, track leads and analyse
customer data.

 FINANCIAL MANAGEMENT- The financial management module in

ZOHO encompasses accounting, invoicing and expense tracking.

 HUMAN RESOURCES MANAGEMENT- It includes recruitment, employee

onboarding, performance management, leave management.
Project Management- ZOHO projects facilitates
effective project planning, task tracking and team
collaboration.
Inventory Management- ZOHO inventory provides
advanced reporting and analytical capabilities. It allows
businesses to gain insights from their data, make
informed decisions, and identify trends.

Workflow Automation-ZOHO workflow automates

repetitive tasks and processes, enhancing productivity
and efficiency across various departments.

Zoho Mail- Professional email service with

features for collaboration and productivity.
OMPONENTS OF THE ACCOUNTING SYSTEM in zoho bo

GENERAL LEDGER
The general nature is a core accounting component that serves as a
central repository for recording all financial transactions of a business. It
provides a comprehensive overview of a company’s financial health,
including assets, liabilities, equity, revenue, and expenses.

ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLES

1. In ZOHO books, managing your business relationships with customers
and vendors is essential.
2. Customers represents individuals or businesses to whom you sell goods
or services.
3. On the other hand, vendors are individuals or businesses from whom
you purchase goods or services.
 ADDING CUSTOMERS AND
VENDORS
METHOD-1 CREATE FROM CUSTOMER AND VENDOR CREATION
PAGE
ADDING A NEW CUSTOMER
1. Go to Sales: On the left sidebar, click on "Sales" and then select "Customers“
2. Create a New Customer: Click on the "+" New button in the top right corner
Enter Customer Details: Fill in the customer's details, such as name, contact information, and a
ddress
3. Select Customer Type: Choose "Business" for B2B customers or "Individual" for B2C customers
4. Set Currency and Other Details: Select the currency they deal in and add other details like billi
ng address, shipping
address, and contact persons
5. Save: Click "Save" to add the customer to your list

ADDING A NEW VENDOR

6. Go to Purchases: On the left sidebar, click on "Purchases" and then select "Vendors“
7. Create a New Vendor: Click on the "+" New button in the top right corner
8. Enter vendor details: Fill in the details of your vendor.
9. Select Currency and Other Details: Select the currency the use for transactions
10.Save: Click "Save" to add the vendor to your list
 METHOD-2 IMPORTS
•
CUSTOMERS/VENDORS
Go to Sales/
Vendors: On the left sidebar, go to "Sales" and select "Custo
mers" or "Purchases" and select "Vendors“.
Click Menu Icon: Click the Menu icon in the top right corner
• Select Import: Choose "Import Customers" or "Import Vend
ors“.
• Upload File: Choose the file to be imported and follow the p
rompts to complete the import process
MAINTAINING CHARTS OF MAINTAINING CHARTS OF
ACCOUNTING INVENTORY
• Access the Accountant Module: Go to the Accounta • Access Zoho Inventory: Go to the Zoho Inven
nt module on the left sidebar tory module
1. 1.
• Set Up Inventory: Set up your inventory by a
• Navigate to Chart of Accounts: Select Chart of Acco
dding products, setting stock levels, and config
unts
2. 2. uring warehouses

• Create a New Account: Click on the "Add Account“ • Track Inventory: Use Zoho Inventory to track
button to create a new account stock levels, manage orders, and monitor ship
3. 3. ments

• Automate Operations: Automate inventory o

• Customize Accounts: Customize your accounts base
perations like purchase orders, backorders, and
d on your business needs.You can classify them into c
4. ategories like Income, Expense, Equity 4. drop shipments

• Monitor Sales and Purchases: Keep track of

• Save Changes: After making the necessary changes, all
click "Save" to update your chart of accounts sales and purchase activities, manage invoices
5. 5. and bills, and track payments
 FINANCIAL STATEMENT VERSION (FSV) IN
ZOHO BOOKS
• FSV IS A CUSTOMIZED REPORT PROVIDING A STRUCTURED VIEW OF FINANCIAL DATA. IT
CAN BE CREATED FOR BALANCE SHEET, PROFIT & LOSS, AND OTHER REPORTS.
• CREATING FSV - NAVIGATE TO THE “REPORTS” MODULE IN THE LEFT SIDEBAR AND THEN
SELECT ‘FINANCIAL STATEMENT VERSION.’ CONFIGURE FSV BY CHOOSING REPORT TYPE,
DATE RANGE, DEFINING ROWS, COLUMNS, AND APPLYING FILTERS.
• AN EXAMPLE OF A REPORT:
CUSTOMIZING THE REPORT:
1. NAVIGATE TO REPORTS > PROFIT AND LOSS.

2. CLICK CUSTOMIZE REPORT AT THE TOP OF THE PAGE.

3. CUSTOMIZE THE REPORT BASED ON VARIOUS FILTERS LIKE DATE OPTIONS,

COMPARE WITH, REPORT BASIS, YEAR TO DATE, AND REPORTING TAGS.
 PAYROLL PROCESSING
• PAYROLL PROCESSING INVOLVES CALCULATING AND DISBURSING SALARIES TO EMPLOYEES.
• ACCURATELY MANAGING EMPLOYEE SALARIES, TAXES, AND RELATED ACTIVITIES IS IMPERATIVE
FOR ANY ORGANIZATION. ZOHO PAYROLL SEAMLESSLY INTEGRATES WITH ZOHO BOOKS,
PROVIDING AN AUTOMATED SOLUTION FOR CALCULATING SALARIES, TAXES, AND OTHER PAYROLL-
RELATED TASKS. THIS INTEGRATION ENSURES THAT PAYROLL EXPENSES AND TAX LIABILITIES ARE
ACCURATELY RECORDED IN THE RESPECTIVE ACCOUNTS, REFLECTING IN THE PROFIT AND LOSS
REPORT FOR PRECISE FINANCIAL STATEMENTS.
• KEY FUNCTIONS IN ZOHO PAYROLL
1. ACCESS THE EMPLOYEES MODULE IN ZOHO PAYROLL.
2. CLICK “ADD EMPLOYEE” AND PROVIDE NECESSARY DETAILS INCLUDING BASICS, SALARY DETAILS,
PERSONAL AND PAYMENT INFO.
3. DEFINE COMPONENTS LIKE EPF, ESI, PT, AND LWF BASED ON GOVERNMENT REGULATIONS.
4. DEFINE PAYROLL STRUCTURES AND PROCESS PAY RUNS FOR EMPLOYEES’ COMPENSATION
5. SAVE TIME BY CREATING TEMPLATES FOR COMMONLY USED SALARY STRUCTURES AND
6. ASSIGNING THEM TO EMPLOYEES.
7. INITIATE PAYMENTS FOR EMPLOYEES WITH DIRECT DEPOSIT ENABLED, INTEGRATED WITH THE BANK.
8. ALLOWS EMPLOYEES TO VIEW SALARY DETAILS, DECLARE FBP AND IT, SUBMIT INVESTMENT PROOFS, AND
 MULTI CURRENCY
• MULTI-CURRENCY TRANSACTIONS INVOLVE DEALING WITH DIFFERENT CURRENCIES IN FINANCIAL
TRANSACTIONS.
• ZOHO BOOKS OFFERS THE CAPABILITY TO MANAGE TRANSACTIONS IN VARIOUS CURRENCIES, ALLOWING

• BUSINESSES TO OPERATE SMOOTHLY IN A GLOBAL MARKET. THIS SECTION WILL COVER THE FOLLOWING
ASPECTS
• OF MULTI-CURRENCY MANAGEMENT IN ZOHO BOOKS:
1. BASE CURRENCY- THE BASE CURRENCY IS THE DEFAULT CURRENCY OF YOUR ORGANIZATION, DETERMINED BY
YOUR SELECTED BUSINESS LOCATION DURING SETUP. FOR EXAMPLE, IF YOUR BUSINESS IS LOCATED IN INDIA,
THE DEFAULT CURRENCY WILL BE INDIAN RUPEES (INR).
2. NEW CURRENCY - BY DEFAULT, ZOHO BOOKS PROVIDES A LIST OF AVAILABLE CURRENCIES. HOWEVER, IF THE
CURRENCY YOU REQUIRE IS NOT PRESENT, YOU CAN EASILY ADD IT.
3. EDIT CURRENCY - YOU HAVE THE OPTION TO CUSTOMIZE DEFAULT CURRENCIES TO SUIT YOUR
ORGANIZATION’S UNIQUE REQUIREMENTS.
4. EXCHANGE RATES - EXCHANGE RATES DEFINE THE VALUE OF ONE CURRENCY RELATIVE TO ANOTHER,
INCLUDING THE BASE CURRENCY. AUTOMATIC EXCHANGE RATE FEEDS: ZOHO BOOKS FETCHES EXCHANGE
RATES IN REAL-TIME FROM OPEN EXCHANGE RATES, ENSURING ACCURACY.
5. DELETE CURRENCY - YOU CAN REMOVE UNUSED CURRENCIES FROM YOUR ORGANIZATION, WITH THE
 ZOHO & TALLY
- A COMPARISON
 Overview
 Zoho Books and Tally are two
prominent contenders in the realm
of accounting software, each
bringing its unique set of strengths
to cater to diverse financial
management needs.  Tally, known for its robust
accounting capabilities and long-
standing reputation in the industry,
is highly regarded for its powerful
financial reporting and analysis
tools, making it a preferred choice
for businesses that require in-depth
 Zoho Books distinguishes itself financial insights and compliance
with its user-friendly interface with complex tax regulations.
and comprehensive accounting
features which is particularly
favored by small and medium-
sized businesses for its ability
to simplify bookkeeping tasks
and streamline financial
operations.
 BASIC DIFFERENCES
 Zoho Books is a cloud-  Tally is traditionally installed on a
based accounting local computer, and data is
software, which means stored on-premises. It excels in
you can access your complex financial reporting,
financial data from statutory compliance, and tax
anywhere with an management which helps
internet connection. It business primarily requires in-
provides a depth financial analysis and
comprehensive set of compliance.
accounting tools,
including invoicing,
expense tracking, bank
reconciliation, and
financial reporting.
INVENTORY MANAGEMENT
 Zoho Books stands out  Tally offers comprehensive
with its automation in features such as godown
order management, management, support for
tracking inventory levels, multiple stock valuation
and delivering insights methods, manufacturing
into stock levels enabling capabilities, and batch and
businesses to set reorder expiry date management
points, automatically which are crucial for
generating purchase businesses dealing with
orders when stock levels intricate inventory
drop below predefined scenarios.
threshold.
 INTEGRATION

 Zoho Books seamlessly  Tally does offer integration

integrates with various abilities; they are not as
Zoho business and extensive or seamless as those of
productivity apps, Zoho Books. Its integration options
creating a unified might be suitable for basic
ecosystem for accounting needs but fall short
streamlined operations when it comes to comprehensive,
which can effortlessly interconnected business processes.
sync with a payment
gateway like PayPal,
simplifying online
transactions.
 USER FRIENDLINESS AND SUPPORT

 Zoho Books provides a user  Tally, while undeniably powerful,

interface which is designed with may present a steeper learning
clarity in mind, ensuring that curve for newcomers due the
even those less tech-savvy can complexity of tally's design which
effortlessly navigate the software might seem daunting, particularly
with just a few clicks, to those not well-versed in
streamlining the user experience. accounting software.
 CONCLUSION
ZOHO IS BEST FOR YOU IF - TALLY IS BEST FOR YOU IF-

 YOU NEED A USER-FRIENDLY ACCOUNTING SOLUTION WITH  YOUR BUSINESS HAS COMPLEX FINANCIAL ACCOUNTING
A MODERN INTERFACE FOR STREAMLINED FINANCIAL REQUIREMENTS AND REQUIRES STRONG STATUTORY
MANAGEMENT. COMPLIANCE FEATURES.

 YOU WANT A CLOUD-BASED ACCOUNTING SOFTWARE THAT  YOU PREFER ON-PREMISES SOFTWARE WITH ENHANCED
OFFERS ACCESSIBILITY FROM ANYWHERE WITH AN DATA SECURITY AND CONTROL OVER YOUR FINANCIAL
INTERNET CONNECTION. DATA.

 YOU ARE A SMALL TO MEDIUM-SIZED BUSINESS LOOKING  YOU OPERATE IN REGIONS WITH INTRICATE TAX
FOR AFFORDABLE PRICING PLANS THAT CATER TO YOUR REGULATIONS AND NEED COMPREHENSIVE TOOLS FOR
BUDGET. TAX MANAGEMENT AND REPORTING.
THANK YOU