What is the difference between bookkeeping and accounting software?Īccounting is a broad subject. Using TallyPrime, you can organise your employees into departments/functions, record attendance and auto process salary calculations. What’s more? You can easily toggle between companies' books and make a quick comparison between two or more companies irrespective of business nature. With TallyPrime, you can manage multiple companies and easily handle the complexities associated with them. Securely access your business data anytime, anywhere using a web browser on any device. TallyPrime is designed with complete flexibility to suit various purchase and sales processes, followed by the businesses. The gains or losses in forex that occur due to daily variations in currency rates are auto-calculated. You can record invoices, quotations, orders, accept payments and receive bills in multiple currencies of your choice. TallyPrime is a flexible inventory management software that enables businesses to manage the optimum level of inventories always. The prevention, detection and correction technology ensures your books and returns are always accurate. Right from recording tax invoices to filing accurate GST returns, TallyPrime is a one-stop solution for all your GST needs. These reports are designed to aid in analysis such that you can slice and dice the information in reports and create various viewpoints to understand the reports better. TallyPrime comes with a diverse set of readily available business reports with numerous views and actionable insights to help you make informed decisions for your business growth. Insightful accounting and financial reports provide you with an efficient way of managing receivables and payables.ĥ. The insightful reports along with powerful tools such as ageing analysis, multiple bill settlement, credit control utilities etc. Accounts receivable and payable managementĪutomated bill-by-bill accounts receivable and payable management in TallyPrime helps you keep track of all the pending bills. All you need to do is just create and map your ledger accounts.Ĥ. What’s more? TallyPrime comes with a pre-defined chart of accounts. You create and organize the chart of accounts the way you want. Fully flexible to configure the information on the invoice, add a logo to the invoice, choose billing formats that suit your business nature and much more, makes TallyPrime a tailor-made accounting software for your business. It’s simple to create, print and e-mail professional-looking invoices in a few seconds. TallyPrime is a comprehensive accounting system that makes the process of recording transactions and bookkeeping easy and simple. Using TallyPrime, you manage accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth. TallyPrime is a complete business management software that helps you manage all major functions of the business. Features of TallyPrime’s bookkeeping software Bookkeeping and accounting are inseparable and there is a thin line to differentiate bookkeeping and accounting. Bookkeeping is a task concerned with recording and classifying financial data related to business operations in order of its occurrence. Take a Free Trial What is a bookkeeping software?īookkeeping or Books of original entry is a science and art of recording all the business transactions that result in a transfer of money or money’s worth’ in the accounts books.
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