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TallyEnterprise
Solutions
: Customization of Tally ees 6.3
Features of TallyEnterprise.
[Note : Please click on an area above to view
the section.]
Financial Management
- Effectively manages all financial transactions of a company. Balance sheet, Profit & Loss A/c., Trial Balance and other Books & Registers, not only in simple but also in columnar format are instantly obtainable.
- Cash Flow statement is readily available at a single key operation and fund management becomes quicker and easier.
- Tracking of advances and adjustments are done online as directly prompted by system and hence better control on advances.
- Most powerful scenarios management allow to keep separate views with book depreciation and Income Tax depreciation, Management Information on what if situation etc.
- Receivable can be classified and grouped as per requirements. User defined intervals for ageing analysis, Customizable reminders, Option to track PDC’s.
- Payable as well can be managed as per requirement. Analysis for unhindered supply of raw material for production.
- Self-reversing Journal entries makes periodical closing of accounts much easier.
Inventory Management
- Facilitates in optimizing the inventory levels of raw materials. Batch-wise details relating to purchases/sales etc can be maintained with/without expiry date, batch numbers or manufacturing dates. An accurate record of stock can be extracted as and when required. These details can be most appropriately used in the Pharmaceutical Industry as most products dealt with have a limited shelf life within which they have to be consumed either by the industry or the consumer.
- Godowns or Locations - another important feature for inventory management can be put to use by different kind of business organizations in different ways. For example - Traders having number of godowns spread over a large area would opt to supply goods to the consumer depending on his location and save on the freight cost. Manufacturers on the other hand can use this feature to track the jobs such as jobs sent out for fabrication or knowing the total stock at a site where a turnkey job is being carried out.
- Delivery notes / Receipt notes are used to record issues and receipts of stock. All business organizations can use this feature to keep a proper record of the goods received/delivered. Delivery notes / Receipt notes when used with Tracking numbers provides various statements like goods received but bills not made and vice-versa.
- Quite often businesses do not issue invoices (bills) along with the goods they deliver. Goods are accompanied by a document usually called a Delivery Note. Deliveries / Receipts can easily be related to its respective invoices that may be raised on the customer later. It is important to track each delivery note to ensure that it is invoiced. It is only by invoicing that a financial liability is raised. Tally uses tracking numbers to maintain the relation between delivery notes and invoices.
- Unlimited classification for items and user defined Unit of Measure.
Order Management
- Effective management of orders, outstanding orders, executed orders with respect to items, debtors and creditors. Organizations can keep a proper record of pending orders for which goods have to be supplied/received. Timely delivery of goods helps in rapid growth of business.
MIS
- Ratio Analysis – A single screen view of the overall status of the organization. The management is able to identify areas of concern early and take suitable actions.
- Profitability Analysis – by Stock group, by Stock item, by Location and even by Invoice.
- Tally offers a great variety of on-screen displays that put crucial information at your fingertips. The screens are aesthetic in look and feel, exhaustive and configurable.
- Obtain a Profit or Loss of Cost / Profit Centre. Tally's concept of Cost Centres allows an additional dimension to a transaction. While a ledger account would indicate the nature of a transaction, it would not readily disclose, except in the narration, which part of an
organization was involved. By providing cost centres, a transaction can be allocated to it, which would then enable extraction of all transactions for a cost centre. Hence, a cost centre can be any unit of an
organization to which transactions (generally revenue) can be allocated. Examples of cost centres:
- Departments of an organization, e.g., Finance, Manufacturing, Marketing, etc.
- Products of a company, e.g., Tally dss 4.5, Tally eis 5.4 etc.
- Even individuals like, Salesman A, Salesman B, etc.
MRP
- Effective Material Resource Planning.
Integration with other Application & Internet Deployable
- Protocol support for HTTP, HTTPS, FTP, SMTP, ODBC, and Raw Sockets with data interchange formats like XML, HTML, HTML with XML islands, SOAP, SDF and related formats. All this helps in seamless integration with other applications.
- Deployed on the internet, a company with multiple branches could synchronize their data and get all or selective information available at all points at any time.
- Tally has extensive internet capabilities. E-mail, Web-publishing and data interchange over the Internet are all easily achieved from within Tally.
- Budgeting, Fixed Asset Register and Payroll and many more…
Seamless Integration with other Applications
- Pick up data from Tally directly into other programs like Microsoft Excel or Word without any programming! Print labels for greeting cards from the ledger addresses stored in Tally! Even create templates for the likes of Audit Reports and Schedule VI forms and plug in data from Tally. Tally’s database is now open for use in most popular programs to give you the unlimited flexibility of creating your own reports using up-to-date data from Tally. On the other hand, Tally is also capable of being programmed to use data from other systems. This permits you to continue using other systems and use some of their data in Tally as if they were parts of one integrated system. For example, a customer contact management program may contain various details like status of an order and last contact made. Bring in that data into Tally to merge into a report containing outstanding balances. Any changes in the other data will be immediately reflected in Tally.
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TallyEnterprise
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