TallyPrime has gotten rid of the hassles of old-school accounting software. It has made accounting a more manageable task for small and mid-sized business owners, helps them manage their accounts and gain insights into their business. The GoTo feature allows anyone to easily access detailed reports.
If you're still in the market looking for accounting software, this blog talks about the top reasons for small businesses to switch over to TallyPrime.
Why Use TallyPrime?
Business is all about numbers, especially when it comes to finances. That's why there are many accounting software programs out there including Tally, QuickBooks, Zero, etc. While these are great software products, they can be quite expensive to use.
Fortunately, there are some accounting software programs that are both affordable and effective. One of these products is TallyPrime, which is one of the most popular accounting software in India for small and mid-sized businesses. It is hybrid accounting software with a wide range of features to manage accounting, business finances, payroll, and much more.
Designed by professionals who have used other accounting software products, TallyPrime is a more efficient alternative to more expensive accounting software products. Instead of spending lakhs of rupees on accounting software, you can have a more flexible and reliable software solution using TallyPrime.
Tally Solutions is a popular brand and has been in the market for over 35 years now. Originally, it was desktop-only software but now it is available as a cloud solution via Tally On Cloud. Business owners can access Tally on the cloud from anywhere in the world with just a click.
Benefits of Using TallyPrime
According to the latest research, small businesses are more likely to use accounting software than ever before. It's clear that small businesses are realizing the benefits of using accounting software, but not all software is created equally. Some accounting software is better than others.
TallyPrime was created for small to mid-sized companies that need a more comprehensive set of tools than what Excel can provide, but don't need the heavy-duty tools that are offered in enterprise-level accounting software.
Here are a few immediate benefits of using TallyPrime:
1. It is very user-friendly. It comes with a user guide that even a new user can get started easily.
2. It is wonderful accounting software that can be used by a single user as well as a huge organization with multiple computers.
3. You can easily create invoices, purchase bills and manage the accounting of your organization.
4. You can keep track of your inventory too. If a product needs to be restocked, you can prepare a purchase order and the same will be reflected in your accounting software.
5. It is a very flexible accounting software where any sort of customization can be done and you can easily control your business from your fingertips.
What Makes TallyPrime Unique?
TallyPrime is unique from its competitors for many reasons. Here are some of them:
Clean Layout
Tally prime is software that comes with a unique feature of a search bar on the primary top screen. GoTo search is an intuitive and user-friendly way to perform searches as needed by logging in to your business's account. Customers can now find menu features easily through this GoTo feature directly located at the top of your software. Business owners now have a powerful tool at their disposal that will give them more time to focus on their business growth and expansion, while customers can enjoy even more streamlined service.
Easy Invoicing
Invoice management is challenging for businesses that handle several different kinds of products. TallyPrime helps a lot in this regard by providing one place where all the invoice records for multiple businesses can be managed, with the help of the software's features like Intelligent Reconciliation and Unlimited Custom Fields among others.
Not only do you save on time and effort but also reduce the unwanted space within each separate item, enabling businesses to effortlessly maintain their inventory while also maintaining each individual business' need for distinct infrastructure!
Secure
TallyPrime ensures its users of providing the best security features available and assures them of complete data security. One’s data remains safe from corruption even at such events as network failure, power outage, or system reboot.
Detailed Business Reports
It’s now easier than ever to gain access to your project's data. The Chart of Accounts feature allows you to pull up any account types, projects, and ledger information without having to jump around between multiple window views. If you want to know the invoice number for an upcoming payment or what a specific project was originally budgeted at, then this is the fastest way to find that information.
Speed
TallyPrime has already grasped the concept of a fast-paced world! We understand that you are a driven person, and we want to help you stay on top of your game. So, you can have a faster, simpler, more efficient accounting system that runs on all devices, takes minutes to set up, and provides you with results.
Help on Your Fingertips
F1 Help is useful in cases when you have problems with your Tally software the very moment you open it or while using it. You can easily find solutions to your problems like uninstalling and reinstalling it, accessing data information of your tally that includes tally license details, and connectivity information with systems as well. This makes it easy for both professionals and newbies to gain access to all the details of Tally products at any given point.
Enhance Your Business Efficiency
Here are ways in which TallyPrime enhances your business efficiency:
- You can quickly get started by simply creating your company.
- It helps you maintain your company’s financial records, including net deductions, taxes, bonuses, and net payments.
- In addition to creating a company, you get the best facility to open and operate your ledgers.
- It provides the fastest accounting speeds as compared to other accounting software.
- You have the facility of data migration with the help of which you will be able to migrate your data from Tally.ERP 9 to TallyPrime in just a couple of minutes, that too by following simple and easy steps.
- Banks are using TallyPrime to calculate interest on deposits and manage various user accounts. It ensures ease of calculation and has proved to be very helpful.
- It makes tax compliance extremely easy for you. Tally’s prevention, investigation, and correction mechanism ensure that your account books are always accurate, therefore assuring you that the returns you have filed are correct.
- It is useful in creating and protecting essential business reports: You can create and secure many important business reports such as profit and loss statements, cash flow reports, balance sheets, etc. Plus, the insightful reports in the blink of an eye helps you make assured decisions and shape your business’s growth.
- If you are preparing a bill and want to check some other records, you can easily do both tasks at the same time. You can print or view reports in the middle of a voucher entry; you can load another company regardless of the activity you’re doing. Thus increasing your efficiency.
Wrapping Up
TallyPrime helps small business owners run their businesses more effectively, with features that help you reduce costs, find new customers, and more. Plus, with so many integrations with popular apps, services, and platforms, you won't have to maintain separate connections.
If you want to see the benefits for yourself, upgrade to TallyPrime, we encourage you to request your demo today! We’re confident you’ll find the benefits of upgrading to TallyPrime helpful for your business and will make your accounting work easier & more efficient.
Have a nice day!