Tally Accounting Software for Startups: Features, Pricing, and How to Buy

For startups aiming to optimise financial processes, TallyPrime accounting software provides an effective and all-encompassing solution. TallyPrime includes features that streamline accounting, inventory control, and compliance, allowing businesses to prioritise growth instead of getting bogged down by intricate bookkeeping tasks. Let’s examine the characteristics of TallyPrime accounting software.

1. Invoicing that meets GST requirements

A notable aspect of the software is its capability to swiftly and precisely generate GST-compliant invoices. Companies can create, print, and send professional invoices in moments, incorporating their business logo and tailoring the format to suit their requirements. The software includes built-in intelligence for various GST invoices, such as tax invoices, bills of supply, and export invoices. Furthermore, its all-encompassing solution allows for the immediate generation of e-invoices and e-way bills, minimising manual effort and guaranteeing compliance.

2. Flexible inventory management

Tally accounting software offers a versatile inventory management solution that enables businesses to classify inventory by product type, brand, colour, and size. The solution features unlimited stock categories and groups. Startups can instantly monitor inventory by utilising parameters such as godowns, racks, and bins.

Reports like stock aging analysis, movement analysis, and reorder levels offer valuable information for effective stock management. Manufacturing companies can take advantage of features that monitor inventories by lots and batches, which include managing manufacturing and expiration dates and ensuring seamless operations.

3. Informative business reports

TallyPrime provides more than 400 reports for business analytics, offering startups a comprehensive overview of their operations. A dashboard featuring graphs and visual components facilitates straightforward data analysis. Users can analyse and change data to obtain improved business insights and even customise reports by saving various perspectives. This degree of data analysis enables companies to make knowledgeable decisions and strategies for the future with precision.

4. Managing credit and cash flow

Handling credit and cash flow is effortless with TallyPrime. The software offers detailed tracking of each bill for both receivables and payables, allowing companies to oversee outstanding payments effectively. Ageing analysis reports assist in recognising overdue bills, and automated notifications can be dispatched to clients as needed. Moreover, cash and fund flow reports provide an immediate financial snapshot, while the cash flow projection report assists startups in planning their investments or expenses ahead of time.

5. Flexible order system

TallyPrime’s adaptable order system is designed for various sales and buying cycles. It enables companies to easily create sales and purchase orders, delivery challans, and goods receipt notes. Thorough order processing reports monitor the status of ongoing or finished transactions, ensuring that companies maintain control over their supply chain. In addition, the software offers comprehensive monitoring of sales and return purchases via debit and credit notes.

Read More: 10 Tips for a Better Accounting Department

Pricing plans for Tally accounting software

TallyPrime offers various pricing plans to accommodate different business needs. Startups can choose between rental and perpetual licensing options:

Purchasing Tally accounting software

The process to buy Tally accounting software is simple. Startups can visit Tally’s official site and the ‘Buy Now’ section. From that point, they can select a plan that most aligns with their business requirements and press the ‘Buy Now’ button. The next step requires entering the necessary information and selecting ‘Proceed to payment.’ After the payment is completed, users gain access to their TallyPrime software.

Read More: Top 10 Trends in Modern Accounting and Finance

Conclusion

Tally accounting software is perfect for startups seeking an easy-to-use and scalable accounting solution. It supports businesses in efficiently managing finances through its extensive features, adaptable pricing, and effortless buying process while ensuring compliance and smooth operations.

Pranab Bhandari

Pranab Bhandari is an Editor of the Financial Blog “Financebuzz”. Apart from writing informative financial articles for his blog, he is a regular contributor to many national and international publications namely Tweak Your Biz, Growth Rocks ETC.