Is There Such A Thing As Free Tally Accounting Software
The bookkeeping tool of choice these days is no longer paper and pencil, but inexpensive Tally accounting software as well as other home accounting software.
Despite many packages selling for several thousands of dollars, a few are inexpensive and surprisingly powerful. Tally has built a reputation for affordable accounting solutions over the past 20 years. During that time, their flagship accounting package has been updated through several versions.
This incredible software follows the double entry system of accounting and this will eliminate any possible errors. Accounting software Tally also allows the user to have a multiple tree like structure groupings. This may seem a little complicated especially if you are just starting your business, however the program is very easy to use and very easy to understand.
The single user (Silver) license costs 10,800 INR and the multi-user (Gold) license costs 36,000 INR. At current exchange rates, that is equal to approximately $275 and $917, respectively. However, if you live in the U.S., it may be preferable to buy the International Edition as it is unclear whether the version purchased from TallyWay is limited.
Tally accounting software and the other home accounting software relieves you of the burden of remembering to debit here and credit there, and because all the math is done for you, the calculations will be error free (not that you would make any!).
Then once your bookkeeping is in the computer, the software can help you crunch the numbers using various accounting formulas to aid you in analyzing your company’s fiscal health. For example if you need to see a cash flow statement the answer is just a click or two away.
