Ans. Tally is accounting software that is used to record day to day
transactions, preparing balance sheet etc. it is user friendly business
software, which makes business account easy and faster. Managing single and
multiple groups is very important feature of tally. Tally is an application
software. It down not require writing any special program for calculating.
Tally stores all information about each account in detail. It is very secured
against data tempering. It reduces the work. In manual process, after entering
daily transaction user has to create trading account, trial balance, profit
& loss account, ledger, balance sheet. But in Tally, user just enters daily
entry and get balance sheet.
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