Question

Tally.ERP 9 as an accounting software package was exclusively devised to automate and integrate all the operations, such as sales, finance, purchasing, inventory, and manufacturing for many small and medium sized enterprises (SMEs). With Tally.ERP 9, accurate, up-to date business information is literally at your fingertips anywhere in the world.

Required:

With practical examples using a service company as a case study, explain the functionalities that has enabled Tally.ERP 9 to make inroads into the Ghanaian accounting software packages market.

Answer 1

Let us take the example of a IT company that deals in the variety of things such as the export of services also renting some clouds worldwide and entering into technological knowhow agreements.

The tally ERP.9 has penetrated the global markets because of the ease of using and its common usage worldwide . The software offers a wide range of solutions for various types of accounting purposes.

These inlude the accounting of the service taxes or the income taxes if any. Also it offers solution to record the sales or expenses in the foreign currency so that we can book appropriate rates when we settle the trades. Also the Software helps us to record any hedging transaction that we make take.

The solutions offered by the Tally are of wide range and covers almost all aspects that a business needs.