Tally Solutions Private Limited was founded in 1986 by Bharat Goenka in Bangalore, India. The company started as a provider of accounting software and later expanded its offerings to include business management solutions.
The first version of Tally software was launched in 1988 and has since evolved into a comprehensive business management solution. Tally.ERP 9, launched in 2005, became the most widely used version of Tally software and is widely used by small and medium-sized businesses in India for managing their financial and operational processes.
In 2021, Tally Solutions launched Tally Prime, the latest version of Tally software, with a user-friendly interface and improved performance, along with new features such as GST compliance and support for multiple currencies. Today, Tally is a leading business management software provider in India and has a strong presence in other countries as well.
Tally has undergone multiple version upgrades and releases over the years, some of the significant ones are:
Tally 1.0 - Tally 1.0 was the first version of Tally software, launched in 1988. It was a simple accounting software designed for small businesses to manage their financial transactions. This version introduced basic features such as ledger creation, voucher entry, and financial reporting. It was considered a groundbreaking product at the time and helped lay the foundation for Tally's future development as a comprehensive business management solution.
Tally 4.5 - Launched in 1994, introduced support for inventory and payroll management.
Tally 5.4 - Launched in 1999, introduced support for value-added tax (VAT) and excise.
Tally 7.2 - Launched in 2003, introduced support for financial management and statutory compliance.
Tally 8.1- Tally 8.1 is multi language support software. It supports 10 Languages includes is introduced in this version.
Tally.ERP 9 - Launched in 2005, widely used version with comprehensive features for business management.
Tally.ERP 9 Silver - Launched in 2007, a basic version of Tally.ERP 9 for small businesses.
Tally.ERP 9 Auditors Edition - Launched in 2008, specifically designed for auditors.
Tally.ERP 9 Gold - Launched in 2010, an advanced version of Tally.ERP 9 for growing businesses.
Tally Prime - Launched in 2021, the latest version with a user-friendly interface and improved performance, along with new features such as GST compliance and support for multiple currencies.
Tally is an accounting and financial management software. Its features include:
Accounting: Invoicing, billing, and journal entries.
Financial reporting: Balance sheet, profit and loss statement, cash flow statement, etc.
Inventory management: Stock control, barcode scanning, etc.
Payroll: Employee management, salary processing, tax calculation, etc.
Taxation: GST, TDS, and other tax compliance.
Multi-location support: Manage multiple business locations and consolidate financials.
Remote accessibility: Access and update financial data from anywhere using the Tally.ERP 9 Silver and Tally.Server 9 products.
Customization: Customize invoices, purchase orders, and other financial documents.
Data import/export: Import and export data from other software and databases.
Security: Secure access to financial data with user-level password protection.