The popularity of subjects finance & accounting comes from their vital role in the world of business.
The primary difference in the battle of accounting and finance is that accounting has a relatively narrow focus, while finance is wider-ranging, covering an array of specializations in the world of business, economics and banking sectors.
While accounting focuses on the day-to-day management of financial reports and records across the business world, finance uses this same information to project future growth and to analyze expenditure in order to strategize company finances.
Accounting is the process of creating and managing financial statements that record the day-to-day transactions of an enterprise.
All accounting requirements such as recording, and classification of financial transactions, Costing, Cheque prints, Bank reconciliation, Multi-currency transactions, Incomes, expense tables, Cash flow, Fund flow management are easily managed by Tally.ERP 9 software.
Tally your account books accurately! Tally ERP helps you in automating your invoicing processes or customize invoices, using predefined accounting classifications and classes.
Generate and print accurate VAT invoices using the inbuilt error detection and correction capability in our VAT-ready software. Experience the simple, quick, thorough accounting management.
Accelerate your compliance activities by effortlessly recording statutory or tax-related transactions. Tally.ERP 9 provides great flexibility in setting up the company’s chart of accounts.
Tally.ERP 9 permits the organization to group its ledger accounts right at the time of creating company’s chart of accounts.
Company’s reports and statements reflect the desired classification at all times. You can generate more ledgers and groups, as per business requirement. What’s more?
Generate, view, and automate company’s reports to view data that help the company analyze and foster financial status.
Financial statements that Tally generates are shown below;
- Ledger Statement
- Trial Balance Report (TB)
- Profit & Loss Account (P&L)
- Balance Sheet Statement
- Cash Flow statement
- Fund Flow Statement
- Income statement
- Sales & Purchase Register