Dear Friends, 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.
Must Read: What is Latest Features of Tally ERP 9
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.
Must Read: How to use Import or Export in Tally
I hope you like this Introduction and History of Tally article from which you will be able to easily familiar with History of Tally without any extra efforts. If feel any problem in this guide then please use comment box. Thanks to all.