Tally Prime Software
Company Background
Tally Prime is a technology & innovation company. Delivering business software for Small and
Medium Businesses (SMB's) is thier passion.
What sets a company apart is as much in its DNA as its achievements. Today, three decades
since it was founded, Tally's product caters to millions of users across industries in over 100
countries. Their robust network of 28000+ partners deliver unmatched customer experience in
sales, support and services. With a strong research and development division, Tally strives to
deliver innovation and excellence in enterprise resource planning software for small and
medium businesses.
What is Tally Prime?
Tally Prime is a business management software, that takes care of your Accounting (Sales,
purchase, receivables, payables tracking), Inventory management (Order processing, inventory
tracking), Payroll management, Bank transactions, Statutory Compliance, etc.
Tally Prime also make decision making simplified for business owners by providing critical reports.
Decision making is much simpler with Tally Prime reports such as all financial reports, Cash-flow
reports, Cost Centre reports, Inventory reports, Accounting reports and many more detailed reports.
Why To Use Tally Prime Software?
Tally is the most reputed and oldest accounting software. It has been serving businesses throughout
India and globally since more than 3 decades. It has served about 2 million businesses worldwide.
Tally Prime is a software that does not require a person to be well versed with the software and can
be used by any person. It has been designed in such a way, that it can be used by an accountant as
well as a Business owner. Tally Prime has a unique ‘Go To’ navigation bar that allows you to access
90% of the software.
Other than accessibility, Tally Prime promises some very detailed reports at a blazing speed. These
reports are detailed it provides you with Receivables and payables reports, ratio analysis and many
other reports. Decision making has never been so easy.
Tally Prime is also Statutory Compliant which means all statutory related changes are supported in
Tally. GST, E-way Bills, and all other newly introduced requirements are compiled in Tally to support
your business in a multifaceted approach.
Tally Prime Features:
1. Search Bar
The ‘Go To’ search bar is made available at the top of Tally Prime screen. You can easily
access any part of Tally by typing in the search bar. You can access 90% of the options with
it. Thus, it makes Tally more suitable for Business owners.
2. Easy Usage
o When the password for two different companies is the same, Tally allows you to
enter the other company without having to enter the password again.
o Tally Prime allows you to create a new state while filling the details of an entry.
o To smoothly navigate through Tally, you had to know some important shortcuts,
but now those are not needed. For example, ALT + C is used to create a new
ledger. But since this option is readily available on the screen, one doesn’t need
to know the shortcut.
3. Optimize Invoice
Optimize your invoice and remove all unwanted space - an excellent feature for retailers,
distributors and any other business that creates one invoice for multiple items.
4. Chart of Accounts
Access all masters, including ledgers, voucher types, cost centers, etc. from the ‘Chart of
Accounts’ option.
5. Mark Details as Permanent
Some fields in Tally need to be used every time an entry is made while many others are
rarely used. Keeping this in mind, Tally Prime allows setting a few fields as ‘Permanent’ so
that you do not have to go through irrelevant fields unnecessarily. Thus saves your time.
6. ‘Change Mode’
In any voucher, the Change Mode gives you 3 options namely - ‘Item Invoice’, ‘Accounting
invoice’ and ‘As invoice’. Thus you can easily navigate through them.
7. Admin Rights
Admin has the right to stop a user session. This option is made available in the Browser
access. Admin can disconnect a user session even in the case of remote access.
8. F1 Help
The F1 Help section now provides you with a lot of information including Tally product
information, Tally license information, and information about the Tally data, Tally connectivity
information and computer system-related information. This makes Tally support an easier
process.
9. Simplified Installation Process
If you want to update or create a new folder, Tally will automatically check and try to detect
an old file and update it. Thus you will not need to enter the configuration, define the path,
TDLs, etc.
10. Clutter-Free Screen Space
You can easily access the error messages and other details from the Help Menu. Earlier this
was available at the bottom of Tally screen. Thus now you get a more clutter-free screen.
What’s New in Tally Prime?
Go to Feature
Self Discover and seamlessly navigate through business reports by searching through Go to feature.
Exception report
Experience enhanced capabilities of reports by viewing any Tally report in detail.
Top Menu like windows application
Clutter free menu with new shortcuts to easily access all features in Tally Prime.
Multi-Tasking get easier
Move from one report to another easily and access all the opened reports without forgetting what
you were doing.
Soothing Look and intuitive design
Refreshing New Look as per international standards & design aimed to provide seamless and
delightful experience.
Browse MIS reports from anywhere at anytime
Access important business reports on the move from anywhere and any device.
Change View
Get better insights of the report by analysing the report in different in Change view.
Basis of Values
View reports from different perspective just by changing the parameters of the Prime report in Tally.
Optimize Invoice
Save paper and printing cost by optimising the printing of multiple items in Tally Prime
More Details
The new More-Details capability allows you to handle all sorts of internal details of transactions like
items, ledgers very easily making the data entry and recording experiences more simpler.
Chart of Accounts
Access all your masters including groups, ledgers, voucher types, cost centres, etc from one screen
in Tally Prime
F1 Help
Help menu has options to launch TallyHelp, upgrade your application, What’s New, TallyShop for
buying add-ons, Troubleshooting to repair your application, Settings to configure your application,
TDL & Add-On to manage your extensions/customizations, & an About report that shows the details
of your Tally Prime installation and its environment.
Ease of usage
User does not have to login twice for 2 different companies when the password for two different
companies is same. Tally Prime remembers it and allows you to open the company without having to
enter the password.
Mark details as permanent
Add few details which are needed most of the times as ‘Permanent details’ in ‘F12 configuration’.
Create Ledger Master
No need to remember shortcuts like ALT + C as you get an option to create ledger as the first option
in the list of Ledger Accounts whenever you are asked to enter the name of a ledger.
Purpose of Tally Prime Company
"To Make Everyone Who Touches Tally Happier" .
They believe that all expansion and pursuit of expansion leads to happiness while all
contraction and fear of contraction leads to unhappiness.
When we constantly strive to make 'everyone' 'happier', it brings in new dimensions to our
thinking. Our purpose remains the most indispensable part of our actions and helps us
continuously add value to people's lives.
Goals of Tally Prime Company
To be the technology fabric that drives the economic growth of the world, by 2030.
They believe that 'velocity of money' is key to driving economic growth. Hence, in order to
achieve their goal, their technologies will be centered around simplifying commerce for people
all over the world and making it easier for people to transact. This will ensure that more value
gets added, more gets demanded, more is spent, and more is earned. A faster cycle is a winning
situation for all stakeholders and creates a happier world.
