ERP Software for Small and Medium Business
Tally has been a well-known software for SMEs (small and medium enterprises) for more than two decades. A tally is a reliable software for small and medium businesses due to Tally's simplicity. With the GST Act now in India, many SMEs are looking for ERP software to run their business and with Tally.ERP 9 Release 6, Tally stands out as one of the preferred choices for SMEs. GST-ready Tally.ERP 9 Release 6 is designed to handle GST in a simpler and easier way. Complete support for GST billing, GST return, and many others can be found in Tally.ERP 9 Release 6.
Some of the most important features available in Tally's Small Business GST software are:
Read also: Technical Features Of Tally ERP 9
Detection, correction, and prevention of errors during GST returns
GST Ready Tally.ERP 9 Release 6 helps you prevent errors while generating GST bills. When you check your information in Tally for GST returns, Tally will detect transactions with incomplete or incorrect information. Tally will further help you correct these transactions. This saves huge amounts of your time as you upload your returns on the GSTN portal. This reduces the GST rejection rate.
GST invoicing and invoice printing in ERP software for small businesses
With Tally's ERP software for small businesses, print GST invoices, all types of invoices to meet the diversity of SMEs are available in Tally.ERP 9 Release 6. Users can print GST invoices with HSN codes and GST tax rates according to the GST Act.
Manage Reverse Charge Transactions using Tally’s ERP Software
As a registered company that purchases from an unregistered party or that imports goods from another country, all of these purchases fall under reverse charge, many more commercial scenarios for reverse charge are covered in Tally's GST software.
Handling of advance receipts in Tally's GST software
Under the GST Act, you must now pay taxes on advance receipts, and the same must be shown in GSTR-1 in a separate table. With Tally ready for GST, you can now easily manage advance receipts, and the appropriate taxes can be calculated with simplicity.
File GST Returns with Tally ERP software for small businesses
With Tally's GST software, you can generate the GSTR-3B form. In addition, Tally supports the GSTR-1 form. Soon, the GSTR-2 form and the GSTR-3 form will also be available.
As a company, you are expected to present GSTR-3B for the month of July and August, if you are registered as a regular distributor. In GSTR-3B you need to file consolidated sales, purchases, and other transactions and, depending on that, you must pay taxes to the department.
The flexibility provided by Tally's ERP software
As an SME, you may need the flexibility to make a sale even before making an entry or purchase of goods in your system. In Tally.ERP 9, you have the flexibility to manage all kinds of scenarios.
Get information about SMS from ERP software for SMEs
If you are an SME and wonder how, with limited resources, you can have all the information at hand, Tally will provide you with the required details through an SMS while traveling.
Data synchronization of two or more locations.
Tally.ERP 9 provides Tally-to-Tally synchronization that allows you to view multiple location data in one place. With this feature, you can also manage centralized accounting. This also helps if,
- You are a growing SME and are looking to expand your business.
- You have two business locations and would like to see a consolidated report in one location.
Remote access function in Tally
On occasion, if you feel the need to access your business accounts from anywhere else, Tally offers a remote access service that is highly secure and provides quick access to your accounting data from anywhere.
Easy Tally data exchange with GSTP
You can easily backup your Tally data and share it with your GST practitioner in no time. Also, by using Tally's remote access, your GSTP can quickly access Tally's data securely.
Complete Banking Support
Tally's GST software for small businesses is ready to support more than 100 banks for automatic bank reconciliation, which will be very useful for an SME. You can manage your electronic banking and other banking transactions within Tally. You can also print your checks.
Managing your business is easy with user-level rights
With Tally. ERP 9 now allows you to provide multi-user rights at the user level. Different users can have different types of access. User-level permissions are designed to handle multiple situations that may arise within your company and provide full flexibility to define the rights for each user.
Designed to handle all types of GST rates
All types of additional GST and Cess rates that the government collects in the GST Act can be easily managed in Tally. As a user, you can configure rates based on your business, complete flexibility is provided when configuring rates.
Ability to manage multiple companies
Many businesses that have several companies want to manage their books in a central place, then they can easily do it with a single Tally license. In a single Tally.ERP 9 license, you can manage several companies and submit your returns separately.
Multi-user environment
Tally.ERP 9 Accounting software comes with two versions Tally.ERP 9 Silver and Gold. In the Gold version, more than one user can work simultaneously in the same company. Therefore, as an SME, you will have the flexibility of having different users with different jobs assigned to manage the multiple workloads.
Faster MIS Reports from GST Software for SMEs
An easier way to quickly obtain the balance sheet, profit and loss statements, cash flow, available stocks, outstanding reports, payment performance, return per item, and many more reports with the flexibility to configure reports.
Want to learn and know more about tally accounting software, then contact Tally training in Chandigarh.
