With more than one million users globally, Tally Solutions offers small, medium, and large businesses accounting software and more. What began 30 years ago as a modest little software company has grown into a full-fledged Enterprise Resource Planning (ERP) resource for individuals and companies around the world. But what’s the bottom line? Is Tally software all it’s cracked up to be on their website? Our assessment is that it’s pretty good but functions better in some situations than others.
With a real world focus on small to medium size businesses, here are some of the standard features you can expect from Tally:
* Financial accounting
* Manage inventory, sales, and purchases
* Integrated banking
* Payroll and HR management
When compared to other popular accounting software, one might notice that the list of features doesn’t run quite as long. That would be a realistic observation. If you need all the bells and whistles of a vertically integrated one-stop solution for your business, Tally might not be the first option. What it does well is provide basic accounting and ERP services, and that might be enough. Many companies find that all the fancy extras they paid for never get used. It’s a good idea to assess exactly what chores you need your software to perform, then compare it to what Tally offers.
Having said that, never let it be said we slandered their accounting features. Anything you need to do in that area is likely to be covered admirably, from AP/AR duties all the way to managing multiple companies within the same software installation.
Everyone wants to know about price, so let’s mention it here. Tally’s basic software solutions are sold with a perpetual license, which is just a fancy way saying you pay for it once and can use it as long as you like. The Silver Edition, which allows for a single user, goes for $360, while a multi-user license allows for unlimited users and costs $1,080. Add-on services are bundled and billed at a monthly rate that ranges from $72 to $216.
The Bottom Line
Tally accounting software is easy to use and install. The hardware requirements are low so you can run it on older computers without trouble. On the downside, the user interface looks a bit dated and doesn’t necessarily make us feel that we’re getting the latest and greatest. A revamping of the features would be nice, but if your requirements are simply a good accounting system, Tally has you covered. A million users can’t be wrong. As always, try out the demo version to make sure it fits your needs.