7 Reasons Why TallyPrime Is the Right Accounting Software for Your Small Business

Tally Solutions |Updated on: April 17, 2024

If you are looking for business software that will work seamlessly like Tally, then your search ends here. Tally, being a comprehensive business management software, helps you manage all business processes starting from accounting to GST. With a fleet of flexible features, it's hard to find an alternative to Tally.

Why opt for TallyPrime for your business?

Being a comprehensive business management software, TallyPrime caters to the requirements of your growing business in many ways. With many simple solutions like invoicing, accounting, inventory, payroll, taxation, etc., TallyPrime is your one-stop solution to all your business needs. 

Here are 7 reasons why you should opt TallyPrime for your small business:  

1. Invoicing and accounting

For any business, generating invoices is the key to ensuring seamless business function. With TallyPrime, you can start generating professional-looking invoices that suit your business needs within seconds. TallyPrime helps generate different types of GST invoices like tax invoice, bill of supply and e-way bills.

The software also offers a fleet of features like multi-currency support, flexible sales and purchase management, multi-billing format, seamless receivables, payables management, and much more to support your business requirements. 

2. Stock management

Managing inventory is one of the crucial aspects of any thriving business. With TallyPrime, businesses can now organize their inventory by defining them into unlimited batches and categories like product type, brand, color, and more.

With a wide array of inventory reports like stock summary, aging analysis report, and item-wise profitability, it's easier to keep track of the stock movement and manage them efficiently. Additionally, TallyPrime allows you to manage multiple warehouses easily further eliminating inventory management struggles.

3. In-depth reports

Business reports are critical when managing your business efficiently. With TallyPrime's Reporting module, you get access to 400+ business reports that provide you a 360° insight into your business. This helps in better analysis and provides crucial insights in one place. 

4. Taxation and compliance

Whether you file GST on your own or share it with your consultant, TallyPrime makes GST filing an easy task for you. The software comes with an intuitive correction and detection feature that ensures that you file GST correctly. Additionally, it allows you to export return data in multiple formats like JSON or excel files, generate consolidated e-way bills, and much more.

5. Banking

With a host of intuitive features like auto bank reconciliation, predefined cheque printing formats, cheque management, e-payments, and more, TallyPrime makes banking an easy task for your business.

The software ensures that you are updated with on-time product upgrades that support new banking formats, e-bank statements, and more. Additionally, it makes tracking and managing post-dated cheques an easy task.

6. Enhanced security management

Data security is a crucial aspect of any business. TallyPrime allows you to create multiple security levels, define user-level rights, and much more to keep your data safe and secure. Additionally, you can create multiple users, assign security levels based on the role, assign passwords and deactivate the users.

7. Payroll Management

Managing employee payroll is a crucial aspect of any business. With a fleet of predefined processes, managing employee payroll is a seamless task with TallyPrime. Smartly manage employee payroll with TallyPrime.

Additionally, you can categorise employees based on job function, department, and more. TallyPrime also allows you to define salary structures at the Employee Group level, manage multiple attendance types, and generate statutory reports like PF, ESI, PT, gratuity, and income tax.

Choose TallyPrime as your accounting software to enjoy easy business accounting!

Read More:

• 5 Things You Can Do Using Save View Option in TallyPrime
• Analysing Business Reports Just Got Easier with TallyPrime
• TallyPrime’s Amazing Invoicing Experience