Top 10 tips of Tally

1.) Simple and rapid installation Tally. ERP 9 has a simple, menu-driven installation procedure. The user can install the program files on any drive if the hard disk has partitions. The user can also specify the name and directory location of the program files. Tally. ERP 9 uses minimum hard disk space in the local drive. Its installation on the local disk takes just a few seconds.

 2.) Unlimited multi-user support A multi-user version of Tally. ERP 9 can be installed on a network, having any number of computers with different operating systems such as Win 95, 98, NT, 2000, XP and Linux.

 3.) Internal backup/ restore Tally. ERP 9 has an in-built, user-friendly ‘backup and restore’ option. It helps the user to take a backup of one or more companies or all companies, in a single directory, in the local hard disk, or in any external media. 

4.) Data reliability Tally. ERP 9 offers reliable data. It uses a flexi-field, flexi-length, self-indexed, weighted file structure for an extremely compact and fast database. Tally. ERP 9 is robust and even if there is a power failure or the computer is incorrectly shut down, data is not lost. Tally. ERP 9 uses signalling quality data integrity checks, at regular levels, to ensure the complete reliability of data.

 5.) User-defined security levels Tally. ERP 9 offers high levels of security. Users can define multiple levels of security according to their requirements. Every authorised user in the company can have an individual password, with rights to use specific features only. The user with the administrator level password will have full access and can set controls for other users. 

6.) Data security Tally. ERP 9’s data integrity checks ensure that there are no external changes to the data. Tally. ERP 9 also uses a binary encoding format of storage to prevent devious grouping of information. 

7.) Tally audit The Tally. ERP 9 audit feature provides the user with administrator rights and the capability to check the entries made by the authorised users and alter these entries, if necessary. Once the entries are audited, Tally. ERP 9 displays the altered entries, if any, along with the name of the user, who has altered the entry, and the date and time of the alteration. 

8.) Tally Vault Tally. ERP 9 offers a data encryption option called Tally Vault. Without the valid Tally Vault password, the data cannot be accessed. Tally. ERP 9 follows the DES (Data Encryption Standard) encryption method to safeguard the data. 

9.) Removal of data into a separate company Tally. ERP 9 allows users to maintain a company for any number of financial years. Once the books of accounts have been completed for the earlier financial years, the user can split the company data into multiple companies as per financial periods required. Tally. ERP 9 also has a feature to split company data. The user can specify the date from which the company has to be split and Tally. ERP 9 will split the company to form two companies as per periods specified. Once the data has been split, the closing balance of the first period (first company) becomes the opening balance for the next period (second company). 

10.) Multi-directory for company management The user can create multiple directories to store data. The data stored in these directories can be accessed directly in Tally. ERP 9, by specifying the path.