As the above said, Bluechipgulf became the tally partner in Dubai. Now let’s discuss the advantages of tally and becoming an Authorized partner in Dubai. Tally is one of the best accounting software packages for accounting, inventory, and payroll. It is a low-cost ERP software solution that is widely used. Investing in accounting software is one of the most beneficial things you can do for your company. A good program can save you time and prevent costly mistakes.
Main Features of Tally for Accounting and Financial Management
1) General Accounting: Tally begins with a fully functional accounting system. It supports the basic accounting operations that users expect from a comprehensive accounting system, such as Accounts Receivable, Accounts Payable, General Ledger, and others. It handles a variety of vouchers, including payments, receipts, journals, debit notes, sales, purchase, and delivery.
2) Account Categorization: Users can define accounts as needed. There are 28 predefined groups that the user can arrange in any way he or she sees fit. This is known as account categorization, and it is a powerful tool for organizing accounting data.
3) User Defined Ledgers: Users can define multiple ledgers, and Tally will keep track of the details for these ledgers. Close examination of accounts is simple with ledger reports. Tally’s approach to single ledger systems includes both personal and nominal accounts.
4) Audit Trail: Tally keeps an audit trail of all voucher changes. It also allows you to drill down from higher report levels all the way to the voucher level.
5) Business Reports: Reports can be generated for a specific date or a range of dates. A side-by-side comparison of selected time periods is possible. Tally reports are generated based on transaction dates rather than entry dates.
6) Bank Reconciliation: Using real-world bank reconciliation, you can compare bank accounts to passbook data more easily.
7) Tracking System: Tally uses tracking numbers to keep shipping and invoice data up to date. This enables Tally to mark data as pending and correctly display tracked transactions in profit/loss reports and manage sales/billing.
8) Assemble Inventory: Tally has an assembly option, making it the best accounting software for manufacturing companies.