Tally based bookkeeping – Tally ERP 9 is very detail and advanced accounting software yet it retains its simplicity of operating it, the entire interface is designed in such a manner that the software can be used by pressing ENTER or ESC buttons in keyboard along with few short cut codes. The software is developed keeping in mind the broad accounting principles and commercial laws which is very much fundamental for better management of finance department, logistics department.
This software can be used in any industry with the capability of customization which can be done with the help of tally partners at very reasonable pricing. Though the tally software is an exact opposite to cloud based software like QuickBooks, Zoho Books, Fresh Books or Xero which runs on the cloud without any local installation. However, with the ERP.Net feature, the tally can access remotely.There is some downside also as the data is stored locally and no real-time backup is being made. The users are advised to take periodic backups manually and save at different hard disk so that in the case of a crash or any problem in the local machine the data is restored. This is not a mobile friendly platform in comparison to cloud based accounting services.