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Introduction and History of Tally

Tally is accounting and inventory software that was first released in 1986 as Tally 4.5 for MS-DOS systems. It provided basic financial accounting tools. Subsequent versions added features like inventory management, payroll, multiple language support, and tax calculations. The latest version, Tally.ERP9, provides remote access, enhanced data security, and Tally.net connectivity. Tally has become widely used in India and other countries due to its user-friendly features for managing accounts, inventory, payroll, and reporting.

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717 views

Introduction and History of Tally

Tally is accounting and inventory software that was first released in 1986 as Tally 4.5 for MS-DOS systems. It provided basic financial accounting tools. Subsequent versions added features like inventory management, payroll, multiple language support, and tax calculations. The latest version, Tally.ERP9, provides remote access, enhanced data security, and Tally.net connectivity. Tally has become widely used in India and other countries due to its user-friendly features for managing accounts, inventory, payroll, and reporting.

Uploaded by

Al Ok
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Introduction and History of Tally

You know very well that inventory or stock is an important part of our business without any
information of inventory you not able to calculate how much profit or loss you have on
particular stock item. After reading this article you will be able to easily understand about
introduction and history of Tally.

You know very well that Tally is accounting cum inventory software which provide different
accounts, inventory features which different taxation part. You can also prepare payslips,
attendance sheet and many more in the payroll report. Tally is widely used in different countries
due to its user friendly features.

Introduction and History of Tally:


Introduction of Tally:
So, today we talk about the History of all versions of tally. The Initial Release of Tally was
Tally 4.5 version. This is DOS (MS-DOS) based software released in the beginning of 1986’s. It
had Basic Financial Accounting / Book Keeping Tools. Personal computers had gaining popularity
in India those days. Peutronics (The Company that develops Tally) used this opportunity and put
their Tally Version 4.5 on the market. Auditors and Accountants who used to maintain large
volumes of hard-bound notebooks were amazed at the ability of Tally to calculate Balance
sheets and Profit Loss accounts within seconds. All you need to do is just create Ledgers and
enter vouchers. Tally will do the rest. It will create all the statements, Trial Balance and Balance
Sheet For you.

The subsequent Tally releases are Tally 5.4, Tally 6.3, Tally 7.2, Tally 8.1 and Tally 9.0, Tally ERP
(Enterprise Resources Planning). These release Include support for Inventory used to stock
maintenance of the company, Payroll which used to employee salary calculation and wages
payments and Multi Lingual support in Many Indian languages Hindi, Tamil, Telugu, Kannada,
Malayalam, Gujarati, Marathi and more.

History and Versions of Tally:


Tally 4.5: This version MS-DOS support financial accounting system. It takes care of accounting
activities only such as Ledgers Classification Vouchers Entry. It provides simple financial reports
and bill wise analysis of debtors and creditors in the business.

Tally 5.0: This version is an upgraded version to tally 4.5 and it works in windows operating
system Inventory modules is introduced in this version, which involves detailed inventory,
structure invoicing and integrating accounting and Inventory records.

Tally 5.4: This version is an improved module over the version 5.0 where it is capable of
converting earlier data formats in to the current data format. This is possible though Import of
Data Facility.

Tally 6.3: Tally 6.3 is extended enterprise systems whereby it interacts with other system
through ODBC (Open Data Base Connectivity) you and e-mail upload your financial records form
tally.

Tally 7.2: This version is an integrated enterprise system provides different kind of taxes like
VAT, TDS & TCS and Service Tax modules is introduced in this version.

Tally 8.1: Tally 8.1 is multi language support software. It supports 10 Languages includes is
introduced in this version.

Tally 9.0: This version is an improved model over the version 8.1. it supports 13 Languages
(Includes Foreign Languages). Payroll, POS (Point of Sales) modules is introduced in this version.
Tally.ERP9: This is the latest version which provides different features like remote access, much
powerful data security, tally.net and many more.

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