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Is There Such A Thing As Free Tally Accounting Software |
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Written by Ray Lam
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Sunday, 24 August 2008 |
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The bookkeeping tool of choice these days is no longer paper and pencil, but inexpensive Tally accounting software as well as other home accounting software.
by RayLam
The bookkeeping tool of choice these days is no longer paper and pencil, but inexpensive Tally accounting software as well as other home accounting software.
It is a wonderful software program that handles different types of vouchers like Payment, receipt. It also makes adjustment entries like Journals, Debit notes, Credit notes, Sales, Purchases, Receipt notes, and Delivery notes.
These programs are so comprehensive and easy to use that you don't need to know any accounting to make them work for you. For example, they offer full, double entry bookkeeping systems without the hassle of double entry.
The single user (Silver) license costs 10,800 INR and the multi-user (Gold) license costs 36,000 INR. At current exchange rates, that is equal to approximately $275 and $917, respectively. However, if you live in the U.S., it may be preferable to buy the International Edition as it is unclear whether the version purchased from TallyWay is limited.
Tally accounting software and the other home accounting software relieves you of the burden of remembering to debit here and credit there, and because all the math is done for you, the calculations will be error free (not that you would make any!).
Then once your bookkeeping is in the computer, the software can help you crunch the numbers using various accounting formulas to aid you in analyzing your company's fiscal health. For example if you need to see a cash flow statement the answer is just a click or two away.
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